2nd IP

From: Lucinda Hudson


Hi

I have just purchased my 2nd IP and am looking for a good property manager in the Cannington area of Perth - any suggestions? (I manage my first IP myself with no problems)

I have rung a few property managers and the going rate seems to be 8.5 %. Is this standard for the Perth area?

Thanks

Lucinda
 
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Reply: 1
From: Manny B


Hi Lucinda,

I'm not sure what the going rate is up there, but in Melb my property manager charges me 5% plus one week letting fee (negotiated it as they manage a number of my IPs)...

For a one off IP, their normal rate here is around 7% plus 1-2 weeks letting fee...

Good luck,

Manny.
 
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Reply: 1.1
From: Alex Investor


When I was in Perth in April buying our 4th IP, I found that the going rate was 8.5%. Here in Sydney we get 5%.

However I found the rental return higher in Perth.

Regards,

Alex
 
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