What will an agent charge to sell your home?
While agents fees are deregulated, they tend to vary from state to state.
According to an article in The Australian estate agents’ selling commissions are lowest in South Australia and highest in Tasmania which is Australia’s cheapest housing market.
Now I’m not suggesting you chose your selling agent on fees – that makes no sense.
The cheapest agent is the one that gets you the best price and therefore makes you the most money, not the one that charges the lowest commission, but let’s see what the average charge is around Australia
The average commission is:
- 3 per cent in Tasmanian where an owner would pay $15,000 on a home sold for $500,000.
- 2.61 per cent in Queensland
- 2.31 per cent in Western Australia
- 2.05 per cent in NSW and Victoria
- 2 per cent in South Australia
Remember real estate agent’s commissions are now deregulated and are negotiable, but would you want someone who readily negotiates their income to work for you and negotiate on your behalf?
Subscribe & don’t miss a single episode of Michael Yardney’s podcast
Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.
Need help listening to Michael Yardney’s podcast from your phone or tablet?
We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.
Prefer to subscribe via email?
Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.