British Expats

British Expats (https://britishexpats.com/forum/)
-   Australia (https://britishexpats.com/forum/australia-54/)
-   -   Estate Agent Fees (https://britishexpats.com/forum/australia-54/estate-agent-fees-613737/)

harrip Jun 9th 2009 1:11 am

Estate Agent Fees
 
Hello

Could anyone advise what is the approximate % commission that Australian estate agents charge when selling a property?

Thanks.

Swing-Your-Pants Jun 9th 2009 1:41 am

Re: Estate Agent Fees
 

Originally Posted by harrip (Post 7646652)
Hello

Could anyone advise what is the approximate % commission that Australian estate agents charge when selling a property?

Thanks.

From my experience around 2-3%. You will need to bargain hard !

SamSi Jun 9th 2009 1:48 am

Re: Estate Agent Fees
 
Depends where you are. Could be a lower % but marketing costs on top of that (say 1.5% agency fees plus marketing costs (i.e. press advertising, board etc which could be a further $4k + on top of the agency fees) or a higher fee inclusive of everything, say up to 3.5% plus gst of the sale price. By law agents must tell you that their fees are negotiable and you are quite within your rights to negotiate hard. There are lots of cheapie agents out there, like Half A Percent but can be misleading as it's rare for that to include advertising costs.

harrip Jun 9th 2009 4:00 am

Re: Estate Agent Fees
 
Thank you for the useful pointers :)

Hebe Jun 9th 2009 4:10 am

Re: Estate Agent Fees
 
In Melbourne the lowest is generally around 1.5% inc gst but you have to pay all marketing and advertising costs on top - last year our advertising etc came to $12,000 or thereabouts plus the agents commission.

the plumber Jun 9th 2009 4:24 am

Re: Estate Agent Fees
 
i deal with quite a few agents ....their fees are all around the 3% mark.

unless you go with one of these commission free people but my experience is ....don't bother....

all the best plumb.....


All times are GMT. The time now is 4:43 pm.

Powered by vBulletin: ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.