Its Perth. I crossed checked with the owner of a real estate...

Its Perth.
I crossed checked with the owner of a real estate agency who manages 148 properties plus a small local retail centre and a friends wife who is the Manager of the property management department of a large suburban real estate agency who have close to 500 residential units under management and the fees quoted previously are not unusual for individual owners. When they get the acid on them depending on how badly the business is wanted for multiple properties and there location the deals can do down to 6% but in the deal I was quoted as close to the bone they would go for 12 properties in close proximately was down to 5% however the agent in that case at the end of there 12 month agreement passed up management as he found the owner to be far to demanding and not worth the time and effort and he was glad to wash his hands of and pass him over to another agent who presumably took them on at the same or better rates.