Real Estate Commission in Northern Territory
The Northern Territory is home to some of Australia’s greatest national treasures, with the likes of Uluru and Kakadu National Park amidst its ranks. What’s also great is the rise in property prices across the state, where house and unit prices have grown 8.5% and 9.1% respectively, over the last 12 months. Just next door to the West MacDonnell ranges, Alice Springs has shown promising growth, ensuring the real estate commission will likely stay lower than that of the state average. Katherine, just south of Kakadu, has also undergone blistering growth, though houses have tended to stay on the market for longer than usual, at 90 days on the market as the average.
What you need to know about real estate commission in the Northern Territory
There are no pricing regulations on real estate commission in the Northern Territory, and due to the large number of rural and regional areas, the average real estate agent commission is typically higher than the Australian average. The town of Ghan, near the South Australian border, may however be seeing low real estate commission, due to high property prices, with properties property fetching as much as $2.8 million in the last year.
Here’s how the average NT 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 to consider when finding the right real estate agent to sell your property
- In the state’s hot north east, the regional town of Borroloola may follow trends that indicate relatively high real estate commission, as lower property prices and fewer competing agents are a factor.
- In rural and regional areas it is very important to compare agents; finding one with key knowledge of the area and experience selling property in the local market can make a huge difference.
- Metropolitan Darwin has enjoyed lower real estate agent commission, due to higher property prices and greater competition between agents.
Want to find out what real estate agents are charging in the Northern Territory?
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