Perth Property Management Fees:

Investing in the vibrant real estate sector of Perth can be lucrative for property investors, but it comes with the need for effective property management.

Interstate investors in particular rely on strong property management given the unique Perth property and rental market.

Perth property investors often turn to professionals to navigate the complexities of maintaining a rental property.

However, one common inquiry revolves around understanding Perth property management fees. Perth has significantly higher property management fees than other Australian cities.

This comprehensive guide aims to demystify Perth property management fees, offering insights into what investors should expect and why these fees are structured differently.

The first part of this article covers typical Perth property management fees. The fees charged by Certainty Property are lower than typical Perth property management fees.

We firmly believe that exceptional property management should be provided for a fair fee and provide full-service property management for $30 per week plus GST.

Average Perth Property Management Fees:

The typical Perth property management fee is 8-12% of the monthly rental income, which is significantly higher higher when compared to the 5-8% average seen in cities like Sydney, Melbourne or Brisbane.

Certainty Property offers a fixed management fee of $30 per week, providing property investors with one of the most competitive Perth property management fees. We call this Fee Certainty.

We’ve provided a handy fee calculator to work out just how much you could save by switching to Certainty Property.

Additional Perth Property Management Fees:

When engaging with agencies for property management in Perth, investors should seek clarity of various additional fees aside from the property management fee.

Some additional fees that are not typical in other markets are considered standard in Perth, and other fees such as letting fees are often higher.

Leasing fee: The typical leasing fee in Perth is often two weeks rent. This fee applies when your agent undertakes the task of finding and securing a tenant for your property.

A leasing fee includes conducting open for inspections, tenant screening, lease signing, incoming and outgoing inspection reports, bond lodgement and lease finalisation. Our leasing fee is just 1.35 weeks rent in Perth.

Inspection Fee: Specific to property management in Perth, these fees are for regular inspections conducted to ensure the property remains in top condition and compliance with the rental agreement, and are typically $250 per inspection.

Maintenance Fees: Some property managers in Perth charge a separate fee for organizing and supervising any repair work, often around 5-10% of the incurred cost. Certainty Property does not charge maintenance fees.

Administrative fees: These are standard across property management firms in Perth, covering various administrative tasks and overheads. Administration fees vary, but are typically between $7 and $15 per month.

Certainty Property does not charge administration fees.

Lease Renewal Fee: Common in Perth property management, this fee is applicable when tenants decide to renew their lease, compensating the manager’s efforts in renegotiating the lease terms. Lease renewals are one of the most important tasks your property manager is responsible for.

Perth property managers typically charge a lease renewal fee of 1 weeks rent. The fee charged by Certainty Property is half the standard Perth property management fee for leasing.

Termination Fee: If you choose to end your partnership with your property manager, many agents charge a termination fee, generally based on the remaining duration of the lease.

Certainty Property does not charge termination fees.

Why Are Perth Property Management Fees Higher?

Several factors contribute to the heightened property management fees in Perth, setting it apart from other Australian cities:

Market Dynamics: The property management scene in Perth is shaped by its distinctive real estate market, known for its varying demand and recent significant increases in property and rental prices.

Economic Considerations: The cost implications of living and conducting business in Perth directly influence property management fees.

Perth’s economic environment necessitates higher operational costs for property management companies, impacting pricing.

Wage costs in Perth are significantly higher than in other Australian cities, and Perth has an exceptionally low unemployment rate that drives demand for a limited number of managing agents.

Geographic Considerations: With its vast geographic expanse and lower population density, property management in Perth involves extensive logistics and time investment, contributing to increased fees.

If you’re curious as to whether Certainty property services your suburb, please use our suburb finder.

One of the strongest recommendations we have is to shop around and understand the value proposition provided by different property managers in Perth.

We often find interstate landlords investing in Perth for the first time reach out to our team after experiencing sticker shock from other agencies.

Of course, if you would like independent advice regarding Perth property management fees, we always recommend speaking with the regulator here.

If you would like to discuss how Certainty Property can provide you with exceptional property management whilst also having one of the most the most competitive Perth property management fees.

Not only do we provide one of the lowest Perth property management fees, we also maintain a 4.8 star rating on Google across more than 518 reviews.

Please reach out to us now via the Get Started button or Contact Us form.

We manage thousands of properties just like yours.