Join our investing community

Advice sought: Average large strata managing agent fees in Sydney

Discussion in 'Real Estate' started by invest900, 9th Nov, 2010.

  1. invest900

    invest900 New Member

    9th Nov, 2010

    I am about to start planning investment in rental unit in
    preferably large strata complex in Sydney (if possible, somewhere on North Shores).

    One of the questions I cannot answer yet is:

    What is supposed to be an average yearly fee
    for managing agents of large strata complexes in Sydney?

    By large, I am talking about buildings with more than 200
    units and/or townhouses?

    I found figures from small strata complexes in Sydney
    (number of units from seven to around 30), and
    they go from about 2,000 to 3,200 dollars per year.

    So, what would be the "magic" figure to use for
    decent fees that managing agents charge in large
    strata complexes?

    For example, if a complex has 240 units on North Shores
    in Sydney, is it OK for the managing agent to charge
    around 45,000 dollars per per, or is it too much, or too little?