Just bought my first IP in Melbourne and it's currently already tenanted so pretty straightforward. The property's in Fawkner and I prefer to have someone close by manage it.
Currently managed by Nelson Alexander in Coburg and they've offered me 5.5% inc gst if I let them keep managing it. So far that's the lowest offer I've come across, but I haven't begun asking the independent offices.
In Sydney I'm used to paying 4.4% - 4.5% inc gst (actual figures of what I'm paying) and service I find is as good as any, but the prices I've been getting from asking around Melbourne agents is around 6-7%.
Anyway, I want to hear from you guys, what's a typically 'good' rate for management in Melb? and any recommendations of agents for Fawkner area?
Currently managed by Nelson Alexander in Coburg and they've offered me 5.5% inc gst if I let them keep managing it. So far that's the lowest offer I've come across, but I haven't begun asking the independent offices.
In Sydney I'm used to paying 4.4% - 4.5% inc gst (actual figures of what I'm paying) and service I find is as good as any, but the prices I've been getting from asking around Melbourne agents is around 6-7%.
Anyway, I want to hear from you guys, what's a typically 'good' rate for management in Melb? and any recommendations of agents for Fawkner area?