Real Estate Commission in Western Australia
Australia’s largest state by area is Western Australia, and has a population of about 2.6 million people. The property market has been gaining traction over the last year, with house and unit prices rising by well over 6% across the state. The same is not true, however for the state’s capital, Perth, where housing prices have fallen by 2.8%. A similar story in the beautiful coastal city of Broome, to the north, where median unit prices have fallen heavily, and auction clearance rates are at 0%. This may increase real estate commission, as agents try to keep their income steady.
Here’s how the average WA commission rate compares to the rest of Australia:
|State||Ave. Commission Rate|
Real estate agent commission data sourced from LocalAgentFinder on 3rd December 2018.
What you need to know about real estate commission in Western Australia
Western Australia currently has an unregulated real estate commission market, allowing agents to set commission based off of supply and demand. In Margaret River, to the south of Perth, real estate agent commission is affected by moderately high house prices and a comparatively smaller number of real estate agents, which act to lower and raise commission respectively. Beach town, Mandurah, near Perth, is similarly affected.
What to consider when finding the right real estate agent to sell your property
- There is more to an agent than simply their real estate commission. In metropolitan Perth, it’s important to consider an agent’s marketing approach, which may get your property noticed amongst the crowd.
- Commission is still a factor to consider, so to find the average real estate agent commission, you will need to compare agents directly to get the best idea of the market.
- Inland Lake Austin will follow normal trends, with rural and regional areas paying higher commission, due to lower housing prices and less competition between agents.
Want to find out what real estate agents are charging in Western Australia?
The easiest way to compare real estate agent quotes is online, using AgentsCompare. Find out agents’ fees, service and experience online with the free, no obligations service. Request free, online quotes by registering your property on the website and gain a real advantage in the property market.
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