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They're the only PM so they can charge what they want, I'd say. They manage a lot of properties 150km north of their agency - they add an extra 11% for that town.

Is this standard? Our local one charges 2.2 weeks to get a new tenant and 1.1 weeks to resign an existing one.

I worked it out on mine to be around 20%, with 15% just being the weekly fee. That's enough of a hit to make me really want to self-manage, as I'd rather have the house making MONEY for me (or have someone buy it, which is more money)

Be happy with 5%. My local PM wants 15%. Plus fees.