Here is what I was quoted which is essentially 8.5% + GST + a bunch of other fees:

Rent collection commission: 5% + GST
Management fee: 3.5% + GST
Letting commission: 1 weeks rent + GST
Lease negotiation/Renewal Fee: Half 1 weeks rent + GST
End of financial year statement fee: $25 + GST
Postage and Petties: $10 per month +…[Read more]

Thanks Interested Investor, good to get some dialogue on this. Here is what I was quoted:

COMMISSIONS
Letting commission: 1 weeks rent + GST
Rent collection commission: 5% + GST

FEES
Management fee: 3.5% + GST
Lease negotiation/Renewal Fee: Half 1 weeks rent + GST
End of financial year statement fee: $25 + GST (clicking a…[Read more]

Wow – just read through a proposal of fees and am shocked compared to VIC rates. Is this a QLD thing or is Gladstone property management earning a premium? I haven’t heard of commissions on top of usual management fees etc.

Can someone with an IP in the area let us know what are fair current fees? Being new to investing in this region we do not…[Read more]

Has anyone else got a suggestion based upon experience in the area? We are just preparing ours for tenants now.Thank you.

I am a young investor myself (only 27) and the way I have got to the point I am at now (about to purchase 3rd property) is by gathering as much knowledge as I can about real estate in general, property investing, finance and everything else related, it is only from learning about all aspects to do with property that I have truly learned to…[Read more]

HI Morgan,

I agree very much so with Daniel with the statement that you make your money in the buy. One thing that I have found helps with this is purchasing properties that are dirty and not kept well, the last house we bought had very dirty tenants in it, the house actually smelt so bad as it was clearly not cleaned, I’m not saying it was…[Read more]

Looking forward to hearing the expert opinions on this as we live in same area!

Hi doogs, I am doing the same thing, and agree with the comments above, I think it would be smart to remain employed until you have a few under your belt, you will be unpleasantly surprised at the amount of lessons you learn from your first (or first couple of renovations) some of these lessons require extra funds that you may not have accounted…[Read more]

Hi, I have recently completed a few home renovations and managed to complete them all on a budget.

Some advice first up, I personally try and avoid trends that are very modern, especially if you are planning on keeping the investment property, as it will only out date sooner, I stick to more neutral co lours that still look great but also more…[Read more]

thank you all for your great elp.we are keen to get the best 5-year fixed rate for our PPOR and best 3-year fixed rate for our current and next IP.  Looks as though St George wins for both at present.  We will give them a go.