Property managers oversee the day-to-day operations of rental properties on behalf of owners. As of December 2025, their fees are typically calculated as a percentage of the weekly rent received, or a flat monthly fee, and cover tasks like tenant selection, rent collection, and property maintenance.
Currently in Melbourne, the most common fee structure is between 1.8% and 2.5% plus GST of the weekly rent. However, some agencies, including those servicing the Eastern Suburbs, are increasingly offering tiered pricing or fixed monthly fees, particularly for higher-value properties. These fixed fees in 2026 generally range from $250 to $400 plus GST per month. It’s important to realise that these management fees don’t usually include costs for things like routine maintenance – these are passed on to the property owner. Fletchers’ ‘The Fletchers Way’ emphasises transparent fee structures and detailed reporting, allowing owners to understand exactly where their money is being allocated. In 2026, prospective landlords should carefully compare inclusions when evaluating property management quotes, considering services like lease renewal strategies and regular property inspections.
Understanding property management fees is a key component of maximising your investment returns in the Melbourne rental market.