> Broker fees typically range from one month’s rent to 15% of the annual rent, but can be higher when there is more competition among renters.
From the perspective of a long-time renter in Australia: wild. Here, in our highly imperfect private rental market, we have regulation that prevents these kinds of fees being pushed onto the renter. If the agent managing the property on behalf of the landlord wants a big fee they'd need to negotiate that with the landlord, who is going to have a lot of choice to give the job to other property managers with more competitive fees.
From the perspective of a long-time renter in Australia: wild. Here, in our highly imperfect private rental market, we have regulation that prevents these kinds of fees being pushed onto the renter. If the agent managing the property on behalf of the landlord wants a big fee they'd need to negotiate that with the landlord, who is going to have a lot of choice to give the job to other property managers with more competitive fees.