Queensland’s picturesque, coastal capital of just under 2.5 million people has shown a solid price rise in the housing market, with substantial gains in Corinda, next to the Brisbane River. Meanwhile, demand for units has been substantially slower, with an auction clearance rate of 59%. This may affect real estate agent commission, with lower commission on houses, and higher commission on units near the CBD and elsewhere. It might be time to put a house on the market and purchase an apartment, especially in metropolitan areas like Kangaroo point, right next to the Gabba.
What you need to know about real estate commission in Brisbane
Since December 1st 2014, the laws regarding the regulation of real estate agent commission in Queensland have changed, allowing real estate agents to charge commission at any percentage. Previously there was a cap on the maximum charge, but now the deregulated system allows agents to differentiate themselves in the real estate market on the basis of price as well as the services offered. This will possibly mean that outer suburbs, like Ipswich on the Bremer River, incur a higher real estate commission.
What to consider when finding the right real estate agent to sell your property
- Due to Brisbane’s new, unregulated property market, it is more important than ever to compare different real estate agent’s commission directly, to find average real estate commission.
- The CBD and metropolitan areas, such as Fortitude Valley, provide an excellent opportunity due to lowered unit prices, and agents who have experience in selling similar properties may give you a leg up on the competition.
- Brisbane agents may charge a lower commission rate for high value houses near the CBD; conversely they will charge a higher commission for properties, especially units in outer suburbs.
Want to find out what real estate agents are charging in Brisbane?
The easiest way to find out what real estate agents are charging in your area is through AgentsCompare. It’s a 100% free, no obligations online service, allowing you to openly access extensive information about agents in your neighbourhood. Simply request free, no obligation, online quotes to compare local agents’ fees, service and experience today. To get started, register your property online and find the real estate agent that’s right for you.
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