Property Management Fees NZ — 2026 Complete Guide
A complete guide to property management fees in New Zealand. See exactly what property managers charge across NZ, what's included, and how much you could save with Altan Estate's transparent fees from 3.99% + GST.
How Much Are Property Management Fees in New Zealand?
Property management fees in New Zealand typically range from 7% to 10%+ of the weekly rent, plus GST. Some agencies also charge additional fees for inspections, compliance, maintenance markups, and contract exit penalties — which can significantly increase the true cost of management.
Altan Estate charges from 3.99% + GST of the weekly rent. This is a flat management fee that includes all standard services — tenant screening, rent collection, routine inspections, Healthy Homes compliance coordination, maintenance coordination, monthly statements, and arrears monitoring. Three additional fees apply: a letting fee (one week's rent + GST), an advertisement fee ($250 + GST), and an invoice fee (2%). No inspection fees, no admin fees, no exit fees.
On a $700/week rental, the difference is significant:
- At 7% (typical NZ fee): $2,548/year including GST
- At 3.99% (Altan Estate): $1,451/year including GST
- Annual saving: $1,097
NZ Property Management Fee Comparison
How Altan Estate compares to typical New Zealand property management agencies.
| Fee Item | Altan Estate | Typical NZ Agency |
|---|---|---|
| Management Fee | From 3.99% + GST of weekly rent | 7–10% + GST of weekly rent |
| Letting Fee | One week's rent + GST (per new tenancy) | One week's rent + GST |
| Advertisement Fee | $250 + GST (per new tenancy) | Often charged extra ($50–$200) |
| Invoice Fee | 2% of processed invoices | Often charged extra or built into margin |
| Inspection Fees | Included — up to 4 per year | Often charged extra ($50–$150 each) |
| Healthy Homes Compliance | Included in management fee | Often charged extra ($150–$500) |
| Maintenance Coordination | Included in management fee | Often charged 10–15% markup |
| Monthly Statements | Included | Included |
| Exit Fees | None | Often charged ($100–$500) |
| Lock-in Contracts | No — flexible terms | Often 12-month minimum |
How Much Could You Save?
Annual savings based on Altan Estate's 3.99% + GST vs a typical 7% + GST management fee.
Weekly rent
$600/wk
You save
$888/yr
Weekly rent
$800/wk
You save
$1,184/yr
Weekly rent
$1,000/wk
You save
$1,480/yr
Hidden Costs Landlords Should Check
Before choosing a property manager in New Zealand, ask about these fees that some agencies charge:
⚠️ Inspection fees ($50–$150 each)
Some agencies charge per inspection on top of the management fee.
⚠️ Healthy Homes compliance fees ($150–$500)
Some agencies charge separately for compliance assessment and coordination.
⚠️ Maintenance markups (10–15%)
Some agencies add a markup to all tradesperson invoices.
⚠️ Accounting fees ($100–$300)
Some agencies charge for annual accounting or end-of-year statements.
⚠️ Contract exit fees ($100–$500)
Some agencies charge a fee if you leave before the contract term ends.
⚠️ Advertising fees ($50–$200)
Some agencies charge for listing your property on Trade Me or realestate.co.nz.
Altan Estate: Transparent Additional Fees
We charge a management fee from 3.99% + GST. Three additional fees apply, all disclosed upfront: Letting Fee (one week's rent + GST per new tenancy), Advertisement Fee ($250 + GST per new tenancy), and Invoice Fee (2% of processed invoices). No inspection fees, no admin fees, no exit fees, no lock-in contracts.
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FAQ
Property Management Fees NZ FAQs
Ready to Save on Your Property Management?
Get a free, no-obligation quote and see exactly how much you could save with Altan Estate.