The rents don’t increase much here (I’m in Gippsland, so 2.5 hours South East of Melb). What I was thinking is doing an average and then a round up.
So, our standard rent for a 3 bedroom basic home is $280-$290 per week, then letting fee for me is 1.5 weeks rent plus gst. So one letting fee and a years management fee is about $1800, so round up to $2,000 plus gst for a flat fee.
Another thought is this is for rentals up to $350 per week, anything $350-$500 per week is a higher flat fee. These properties are less common though and for every 30 average properties, you may get 1-2 higher priced. So I don’t think I will be doing myself out of much moving forward. Plus there is nothing to stop me from raising the flat fee every 5-6 years either.