Real Estate Commission in Victoria

Victoria has been building upon its already unprecedented growth in the property market, with an upward trend of 7.4% across the state over the last 12 months. Melbourne house prices have risen by 6.6% over the year ending March, with units increasing by 2.7 per cent. Horsham, near natural landmark the Grampians, is performing well with an average of 72 days on market. The urban and lively Geelong CBD has reached record high sales of $3.4 million over the year, where real estate commission has stayed relatively low. The alpine resorts in the state’s north east have also been enticing buyers in nearby town, Bright, with 81 properties sold in the last year.

What to consider when finding the right real estate agent to sell your property

• Never choose an agent by their real estate commission alone; more urban neighbourhoods, like beach side Frankston in Victoria’s south, may benefit greatly from an agent who has an extensive knowledge of the area.
• Rural or regional towns, like the vineyard laced wineries of Kyneton, will tend to attract higher than average real estate agent commission.
• It’s important to compare agents in your area to find out the average real estate commission.