Property Management Salary: Award Rates, Hourly Conversion and Tax Guide

Understanding the property management salary under the Real Estate Industry Award

If you work in real estate or property management, your minimum pay is set by the Real Estate Industry Award 2020 (MA000106), not the National Minimum Wage. This award covers employees in real estate agencies, property management, strata management, and related roles. The Fair Work Ombudsman publishes updated pay guides each year, and from 1 July 2026 award minimum wages increased by 4.75%.

For a full-time employee working 38 ordinary hours per week, the minimum weekly rates are:

• Real Estate Employee Level 1 (Associate) – first 12 months: $1,010.60 per week ($26.59 per hour)
• Real Estate Employee Level 1 (Associate) – after 12 months: $1,063.90 per week ($28.00 per hour)
• Real Estate Employee Level 2 (Representative) – $1,119.10 per week ($29.45 per hour)
• Real Estate Employee Level 3 (Supervisory) – $1,231.00 per week ($32.39 per hour)
• Real Estate Employee Level 4 (In-Charge) – $1,287.30 per week ($33.88 per hour)

These rates are from the award as published by. Part-time employees receive the same hourly rate on a pro-rata basis. Casual employees get a 25% loading on top of the hourly rate, as explained in the casual loading guide.

How to convert your hourly rate to annual, fortnightly and weekly pay

To estimate your annual gross pay from an hourly rate, use the formula:

Annual gross = hourly rate × hours per week × 52

For a full-time property manager under the award, we assume 38 ordinary hours per week. For example, a Level 2 employee on $29.45 per hour:

• Weekly pay: $29.45 × 38 = $1,119.10
• Fortnightly pay: $1,119.10 × 2 = $2,238.20
• Annual gross: $1,119.10 × 52 = $58,193.20

If you are a casual employee, your hourly rate includes the 25% loading. For a casual Level 2 property manager:

• Casual hourly rate: $29.45 × 1.25 = $36.81
• Weekly pay (38 hours): $36.81 × 38 = $1,398.78
• Annual gross: $1,398.78 × 52 = $72,736.56

Remember that casual employees have a minimum engagement of 3 hours per shift. The pay guides from the Fair Work Ombudsman provide full tables including penalty rates and allowances.

Tax and superannuation on your property management salary

Once you have your annual gross pay, you can estimate tax using the 2026–27 resident tax rates:

• $0 – $18,200: nil
• $18,201 – $45,000: 15% of excess over $18,200
• $45,001 – $135,000: $4,020 plus 30% of excess over $45,000
• $135,001 – $190,000: $31,020 plus 37% of excess over $135,000
• $190,001 and above: $51,370 plus 45% of excess over $190,000

Plus the Medicare levy of 2% (based on 2025–26 single reduction thresholds). For a full-time Level 2 property manager earning $58,193 annually:

• Tax: $4,020 + 30% × ($58,193 – $45,000) = $4,020 + $3,957.90 = $7,977.90
• Medicare levy: 2% × $58,193 = $1,163.86
• Total tax and Medicare: $9,141.76
• Net annual pay: $58,193 – $9,141.76 = $49,051.24

Superannuation is paid on top of your gross pay. The super guarantee is 12% of ordinary earnings, up to the maximum contribution base of $270,830 per year. For the same employee:

• Super contribution: 12% × $58,193 = $6,983.16 per year

This super is not deducted from your pay; it is an additional cost for your employer. You can learn more about super and packaging on our site.

National Minimum Wage vs award rates: what it means for you

The National Minimum Wage from 1 July 2026 is $26.44 per hour or $1,004.90 per week for a 38-hour week, as set by the. This applies to employees not covered by an award or agreement. However, if you work in property management, you are almost certainly covered by the Real Estate Industry Award, which has higher minimum rates. For example, even the lowest award classification (Level 1 Associate) pays $26.59 per hour, slightly above the National Minimum Wage.

Award rates also include penalty rates for overtime, weekend work, and public holidays, as well as allowances for things like using your own car. The National Minimum Wage does not include these extras. Always check your specific award classification using the minimum wage page or the Fair Work Ombudsman's Pay and Conditions Tool.

For property management salary planning, remember that your hourly rate is the starting point. Multiply by your ordinary hours (usually 38 for full-time) and 52 weeks to get annual gross. Then subtract tax and Medicare to estimate take-home pay. Super is additional and helps build your retirement savings. Use our hourly conversion tool to run your own numbers.