South Australia has performed well this last 12 months, with consistently solid growth in the property market across the state; houses and units having risen 4.6% and 4% respectively. Adelaide has managed substantial growth in the still strengthening property market, with auction clearance rates soaring to 81%. In the south east of the state, bordering Victoria, Mount Gambier slowed down, following last year’s performance, though still managing 465 sales over the 12 month period. This is still a good sign with regard to real estate commission, as the upward price trend will likely keep commission fairly low.
There are no government regulations in place in South Australia, concerning real estate commission, allowing agents to adjust their rates as the free market dictates. The commercial hub of Port Lincoln will tend to draw higher real estate agent commission than that of Adelaide, due to their lower median prices and fewer competing agents.
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