Best Accounting Software for Real Estate Agents Australia 2026

Last updated: March 2026  ·  Prices verified from official AU vendor sites  ·  Affiliate disclosure

The best accounting software for real estate agents and property managers in Australia is Xero. It integrates directly with every major property management platform - PropertyMe, Console Cloud, REST Professional, MRI Software - and handles the GST, commission tracking, and payroll that real estate businesses need. MYOB is a viable alternative for larger agencies or where the team is already set up on it.

Best accounting software for real estate Australia - comparison (2026)

Software	Price/mo	PropertyMe	Console	REST	Trust accounting	Best for
Xero	From $37	✓ Native	✓ Native	✓ Native	Via integration	Most agencies
MYOB	From $31.82	✓ Native	✓ Native	✓ Limited	Via integration	Larger agencies
QuickBooks	From $32.72	Limited	Limited	✗	Via integration	Not recommended

Real estate accounting - what you actually need

Real estate businesses have some specific requirements. GST on commissions and management fees must be tracked correctly for BAS. Commission splits across multiple agents - including principal splits and referral fees - need clear income categorisation. Vendor-paid advertising needs to be tracked separately and disbursed correctly. Payroll for agents on base-plus-commission structures, including super on commission payments, needs to work properly. And for property managers, trust accounting is a legal requirement under state legislation - though that's handled by dedicated platforms rather than Xero or MYOB directly (more on that below).

Xero - best for most real estate agencies

Xero is the most widely used accounting platform in Australian real estate. The main reason: its integrations with property management software are the most polished and broadly supported in the industry. PropertyMe, Console Cloud, and REST Professional all have well-maintained Xero integrations. Most real estate-specialist accountants and bookkeepers in Australia also work primarily in Xero - which matters for collaboration and fees.

Key Xero integrations for real estate

Platform	What it does	Xero integration
PropertyMe	Property management, trust accounting, inspections	✓ Native, two-way sync
Console Cloud	Property management, trust accounting	✓ Native, two-way sync
REST Professional	Trust accounting, property management	✓ Native integration
MRI Software	Commercial and residential property	✓ Via API
Rex CRM	Real estate CRM, sales pipeline	✓ Native
Agency Central	CRM, sales tracking for agents	✓ Native
Eagle Software	Property management and CRM	✓ Integration available

Xero pricing for real estate agencies (2026)

Plan	Price/mo	Payroll for	Best for
Ignite	$37	1 person	Solo agent or buyer's advocate
Grow	$78	2 people	Small agency (1-2 staff)
Comprehensive	$107	5 people	Small-to-medium agency (3-5 staff)
Ultimate 10	$143	10 people	Medium agency (6-10 staff)

To pay more agents than your plan includes you move up a Xero tier; there is no per-agent seat price. All prices GST-exclusive.

Why real estate agents prefer Xero: PropertyMe and Console integrations are best-in-class; commission tracking works well across Xero's income accounts; GST on commissions and management fees is tracked automatically; most real estate-specialist accountants work in Xero; and 24/7 support means help is available at end-of-month and end-of-quarter when things get hectic.

MYOB - best for larger agencies

MYOB is a credible choice for real estate agencies, particularly larger operations. It integrates with PropertyMe and Console Cloud and handles payroll well. Its prices here are ex GST, to match Xero. Choose MYOB over Xero for real estate if: you have 20 or more employees, the point where AccountRight Plus at $150 flat with unlimited payroll overtakes MYOB Business Pro; you need more powerful management reporting by agent, office, or category; or you're already on MYOB and the switching cost isn't worth it.

MYOB pricing for real estate agencies (2026)

Plan	Price/mo	Payroll	Best for
Lite	$31.82	+$4.55/emp (max 2)	Solo agent
Pro	$63.64	+$4.55/emp unlimited	Small agency
AccountRight Plus	$150	Included unlimited	Larger agency, complex needs

Trust accounting software - what you need alongside your accounting platform

If you manage rental properties, you need dedicated trust accounting software in addition to Xero or MYOB. This is a legal requirement under state real estate legislation across Australia. Xero and MYOB are not trust accounting platforms - they handle the agency's own accounting (commissions, expenses, payroll, BAS). Trust funds held on behalf of landlords and tenants are managed in dedicated platforms which then push financial data across to your accounting software.

Platform	Best for	Xero integration	MYOB integration
PropertyMe	Most property managers - modern UI, cloud-native	✓ Excellent	✓ Good
Console Cloud	Mid-to-large agencies, strong reporting	✓ Excellent	✓ Good
REST Professional	Established agencies, large portfolios	✓ Good	✓ Limited
PropertyTree	Property managers wanting an all-in-one cloud platform	✓ Good	✓ Good

The standard setup for Australian property managers: PropertyMe or Console Cloud for trust accounting, exporting to Xero for general accounting, BAS, payroll, and tax.

Our recommendation by agency type

Agency type	Recommendation	Why
Solo agent / buyer's advocate	Xero Ignite ($37)	Handles GST on commissions, easy BAS, cheapest full solution
Small sales agency (2-5 agents)	Xero Grow or Comprehensive	Best integrations with Rex CRM and Agency Central
Property management (any size)	Xero + PropertyMe or Console Cloud	Best integration quality between PM and accounting
Mixed sales and PM agency	Xero Comprehensive ($107)	Handles both sides cleanly, multi-currency if needed
Large agency (10+ staff)	Xero Ultimate 10 or MYOB AccountRight	Compare total cost at your headcount. MYOB is cheaper than Xero at every headcount, and AccountRight Plus overtakes Business Pro from 20 people
Commercial property	Xero or MYOB AccountRight	Both handle commercial leases; MYOB has stronger reporting for large portfolios

Common questions

See also: Best accounting software AU · MYOB vs Xero · Xero pricing · MYOB pricing

StackPick may earn a commission if you subscribe through our links, at no extra cost to you. This does not influence our recommendations. See our affiliate disclaimer.