Property management fees in NZ, in dollars.
Property management fees in New Zealand are usually 7.5% to 8.5% of the rent plus GST, and many managers add a letting fee of about one week's rent each time a tenant changes. Here is what that means in dollars, what Hamilton managers publish, and what Latus charges.
Free, with no obligation. We reply within one working day.
Typical in NZ
7.5% to 8.5%
Of the rent, plus GST, often with a letting fee on top. Source: Opes Partners, June 2025.
Published in Hamilton
6.5% to 8.5%
From the 11 Hamilton managers that publish a percentage, read on 2 October 2026.
Latus
7.75%
Of the rent we collect, plus GST. Finding new tenants included, so no letting fee while you stay.
What property management really costs in a year.
The percentage is only half the bill. In a year when a tenant changes, the letting fee is added on top. Here is one $560 a week rental, Hamilton's median rent for new bonds in July 2026.
| Manager | Management fee, 52 weeks | Letting fee | Year, plus GST | Year, including GST |
|---|---|---|---|---|
| 8.25% plus a letting fee | $2,402.40 | $560.00 | $2,962.40 | $3,406.76 |
| 6.5% plus a letting fee | $1,892.80 | $560.00 | $2,452.80 | $2,820.72 |
| Latus, 7.75% all included | $2,256.80 | $0.00 | $2,256.80 | $2,595.32 |
Worked out at $560 a week, collected for all 52 weeks, with one new tenant placed in the year and a letting fee of one week's rent. GST is 15%. Both fee structures, 8.25% with a letting fee and 6.5% with a letting fee, were published by Hamilton managers on 2 October 2026. See Hamilton fees compared for each manager by name. The rent is from Tenancy Services' bond data. These are examples, not a promise of what any home will rent for.
Want these numbers for your own rent?
Get a free rental appraisalWork out what your manager really costs.
A one page worksheet: fill in the fees from your management agreement and see your real cost for a year, next to a worked Hamilton example. Free, straight to your inbox.
- Every fee managers add, line by line
- A worked example at Hamilton's median rent
- Five questions to ask any manager
Check your inbox.
Your true cost worksheet is on its way. Can't wait? Download it now.
The fees property managers in NZ add on.
Many managers show a low percentage and add the rest as extras. Add them up before you compare.
| What | Typical in New Zealand | Latus |
|---|---|---|
| Management fee | 7.5% to 8.5% of the rent, plus GST | 7.75% of the rent, plus GST |
| Letting fee for each new tenant | Usually one week's rent plus GST | None while you stay with us. One week's rent plus GST only if you leave within 12 months of us placing a tenant |
| Routine inspections | $40 to $100 each, where charged | Included, every three months |
| Tenancy Tribunal attendance | $100 to $200 a hearing, where charged | Included |
| Markup on repairs | 5% to 10%, where charged | None. You pay the trade's invoice |
Typical charges: Opes Partners, How much does property management cost, June 2025, checked 26 September 2026. Managers differ, so ask any manager for their full fee sheet and compare the total, not only the percentage.
What 7.75% looks like at different rents.
| Weekly rent | Fee each week, plus GST | Fee each week, including GST | Over a year, plus GST | Over a year, including GST |
|---|---|---|---|---|
| $450 | $34.88 | $40.11 | $1,813.50 | $2,085.52 |
| $500 | $38.75 | $44.56 | $2,015.00 | $2,317.25 |
| $560 | $43.40 | $49.91 | $2,256.80 | $2,595.32 |
| $600 | $46.50 | $53.47 | $2,418.00 | $2,780.70 |
| $650 | $50.38 | $57.93 | $2,619.50 | $3,012.42 |
| $700 | $54.25 | $62.39 | $2,821.00 | $3,244.15 |
| $750 | $58.12 | $66.84 | $3,022.50 | $3,475.87 |
A year assumes rent is collected for all 52 weeks. GST is 15%. For your suburb's rents see Hamilton rent by suburb. Latus fees as at 22 October 2026.
Everything in the fee.
No inspection fees, no Tribunal fees, no letting fee and no markup on repairs.
- Finding and checking tenantsAdvertising, viewings, references, and credit and criminal checks with consent
- The tenancy agreement and bondAll required statements, including Healthy Homes, and the bond lodged with Tenancy Services
- Rent collectionInto a separate client account, paid to you monthly
- Late rentFollowed up from day one, using the official process
- InspectionsEvery three months, with a written report
- RepairsArranged with trusted trades at cost, no markup
- Pets, notices and rent reviewsHandled within the legal timeframes
- Mediation and the Tenancy TribunalIf it is ever needed
If you manage the rental yourself.
One week's rent plus GST, paid when the tenancy is signed. No tenant found, no fee. If you move to full management with us within 12 months, we take it off. On a rent of $560 a week that is $560.00 plus $84.00 GST, or $644.00.
Five questions to ask any property manager.
What is the fee in dollars on my rent, including GST?
A percentage is hard to compare. A yearly dollar figure is not.
Is there a letting fee, and how often is it charged?
About a third of Hamilton rentals get a new tenancy each year, so for many owners it is a real cost.
What is charged for inspections, repairs and Tribunal hearings?
These are where a low percentage often gets made up.
What notice do I give to leave, and is there a fee to leave?
A long minimum term or an exit fee makes a bad fit expensive.
Is it all written in the agreement?
What counts is the agreement you sign, not the website.
What owners ask about fees.
Usually 7.5% to 8.5% of the rent, plus GST, according to Opes Partners in June 2025. Many also charge a letting fee of about one week's rent plus GST each time a new tenant moves in, and some charge for inspections, Tribunal hearings or a markup on repairs.
On 2 October 2026, the 11 Hamilton managers we found publishing a percentage charged from 6.5% to 8.5% of the rent, plus GST where GST was stated. Several also charge a fee to find a new tenant. See Hamilton fees compared.
Not always. A letting fee each time a tenant changes can cost more than a lower percentage saves. At a $560 rent, a 6.5% manager with a one week letting fee costs $2,452.80 in a year when a tenant changes, before GST. Latus costs $2,256.80.
No, 7.75% is plus GST. Including GST the fee is 8.91% of the rent we collect. We show both so you can compare like with like.
A fee a property manager charges the owner for finding a new tenant, usually about one week's rent plus GST. Latus includes finding tenants in the management fee. Tenants cannot be charged a letting fee: that has been banned since 12 December 2018. See can tenants be charged a letting fee.
The repairs themselves, at the trade's invoice with no markup, and your own costs as the owner, such as rates and insurance. If you end the agreement within 12 months of us placing a new tenant, one week's rent plus GST is due then.
No. Either of us can end the agreement with 30 days' notice. It is all set out in the management agreement before you sign.
See the fee for your home.
A free rental appraisal: what it should rent for, with the evidence, and the fee in dollars.