Updated November 2026· Independently researched·14 min read
Melbourne property management costs in 2026: a management fee of 4%–15% of rent collected, a letting fee of 1–2 weeks’ rent for each new tenant, lease renewal at 0.5–1 week’s rent, and advertising for a new tenant at $100–$500 per letting campaign.
Landlords in Melbourne pay a property manager mainly through a management fee taken from the rent: 4%–15% of rent collected on our national figures. Finding a new tenant adds a letting fee of 1–2 weeks’ rent, and renewing a lease 0.5–1 week’s rent where it is charged by the week, or $25–$330 as a flat fee. Advertising for a new tenant is $100–$500 per letting campaign and a routine inspection $11–$110. Smaller fees sit on top: an admin fee of $5–$15 per month, an end-of-financial-year statement at $25–$50 and, at some agencies, maintenance coordination at 5%–10% of the repair invoice. Fees are set out in the management agreement, so ask for every one in writing and check whether GST is included.
Quick answerMelbourne property management costs in 2026: a management fee of 4%–15% of rent collected, a letting fee of 1–2 weeks’ rent for a new tenant, lease renewal at 0.5–1 week’s rent, advertising at $100–$500 per letting campaign and routine inspections at $11–$110 each. Get free Melbourne quotes →
Detailed Pricing — Property Manager Cost in Melbourne 2026
Tier
Typical fee
What it covers
Management fee
4%–15% of rent collected
Taken from each rent payment collected. Check whether GST is included.
Letting fee (new tenant)
1–2 weeks’ rent
Charged when the manager finds and signs a new tenant.
Lease renewal
0.5–1 week’s rent
Charged at some agencies when an existing tenant signs a new lease.
Advertising for a new tenant
$100–$500 per letting campaign
Portal listings and photos when the property is vacant.
Routine inspection
$11–$110 per inspection
Charged at some agencies on top of the management fee.
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Prices verified November 2026 · Cross-referenced against 90+ Australian pricing sources · See methodology
What Moves the Property Manager Cost in Melbourne
The management fee rate. Managers take 4%–15% of rent collected as their management fee, so the dollar cost rises with the rent. Ask for the rate in writing and work out what it comes to on your weekly rent.
Tenant changes. Each new tenant brings a letting fee of 1–2 weeks’ rent and advertising at $100–$500 per letting campaign, so a property that turns over often costs more to manage than one with a long-term tenant.
Renewals and inspections. Some agencies charge to renew a lease, 0.5–1 week’s rent or a flat $25–$330, and some charge $11–$110 per routine inspection; others fold both into the management fee.
The smaller fees. An admin fee of $5–$15 per month and an end-of-financial-year statement at $25–$50 are common extras, and some agencies add maintenance coordination at 5%–10% of each repair invoice.
The rules in Victoria. In Victoria an estate agent arranges the sale or lease of property on behalf of owners and residential rental providers, so a manager who lets your property for a fee works under that licensing.
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How to Keep the Property Manager Cost Sane in Melbourne
1
Compare managers on the management fee as a dollar figure on your weekly rent, not just the percentage.
2
Ask which fees are inside the management fee and which are charged on top: letting, renewals, inspections, advertising, admin and the yearly statement.
3
Ask whether the manager adds a fee to repair invoices, and how they choose and approve trades.
4
Ask how often routine inspections happen and whether each one is charged.
5
Check the manager’s licence or registration with your state regulator before you sign.
6
Read the management agreement for the term, the notice to end it and any fee for ending it early.
This guide is general information, not legal or financial advice. Figures are typical ranges compiled from published Australian sources in 2026 and are not a quote; confirm every fee with the property manager in writing before you sign.
Property Manager Cost in Melbourne by Service
Quick answerIn Melbourne the cost is the management fee, 4%–15% of rent collected, plus fees charged as they arise: a letting fee of 1–2 weeks’ rent for a new tenant, lease renewal at 0.5–1 week’s rent, advertising at $100–$500 per letting campaign and routine inspections at $11–$110.
The management fee is the ongoing cost and the one to compare first. Turn the percentage into dollars on your weekly rent, then add the fees each manager charges on top, so two proposals in Melbourne are compared on the full cost of a year.
Tenant changes are the next biggest cost: a letting fee of 1–2 weeks’ rent and advertising at $100–$500 each time the property is re-let. The smaller fees add up too: an admin fee of $5–$15 per month, an end-of-financial-year statement at $25–$50, a flat lease renewal fee of $25–$330 at some agencies and maintenance coordination at 5%–10% of the repair invoice.
Property Manager Cost in Melbourne: What the Quote Should Include
A management proposal in Melbourne should list every fee the agency can charge you, with when it applies. Ask for it in writing before you sign the management agreement.
The management fee rate, what it comes to on your weekly rent, and whether GST is included
The letting fee for a new tenant (1–2 weeks’ rent on our figures) and the advertising cost ($100–$500)
Whether lease renewals are charged, and how: by the week (0.5–1 week’s rent) or as a flat fee ($25–$330)
How often routine inspections happen and the charge for each ($11–$110 on our figures)
Admin and statement fees: monthly admin ($5–$15) and the end-of-financial-year statement ($25–$50)
Any fee added to repair invoices, and the limit up to which the manager can approve repairs without asking you
The term of the agreement, the notice to end it and any fee for ending it
Frequently Asked Questions
How much does a property manager cost in Melbourne?
The main cost is the management fee, 4%–15% of rent collected on our national figures. On top of it, a new tenant brings a letting fee of 1–2 weeks’ rent and advertising at $100–$500, and some agencies charge for lease renewals and routine inspections.
What is a letting fee?
A letting fee is what the manager charges for finding and signing a new tenant: 1–2 weeks’ rent in our Melbourne table. Advertising for the vacancy is usually charged separately, at $100–$500 per letting campaign.
Do property managers charge for lease renewals?
Some do. Our Melbourne table puts a renewal at 0.5–1 week’s rent where it is charged by the week, or $25–$330 as a flat fee. Other agencies include renewals in the management fee, so ask which applies.
How much do routine inspections cost?
A routine inspection is $11–$110 each in our Melbourne table at agencies that charge for it. Ask how many inspections a year the agreement allows for.
What other fees do property managers charge?
Common extras are an admin fee of $5–$15 per month and an end-of-financial-year statement at $25–$50. Some agencies also add maintenance coordination at 5%–10% of each repair invoice.
Are property management fees negotiable?
The fees are set in the management agreement you sign, so ask for every fee in writing from more than one manager before you choose, and compare them on the full cost of a year at your rent.
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