Adelaide has managed impressive growth in the still strengthening property market, with auction clearance rates soaring to 81% this year. There have been massive gains in the coastal suburb of West Lakes, in the western metropolitan area, where median housing prices have reached $675 thousand. The CBD around Rundle Mall and the Adelaide Casino has also proven to be highly desirable, where properties are averaging only 74 days on market. Trends suggest that these high turnover rates would serve to reduce the real estate agent commission, as agents try to secure sales.
What you need to know about real estate commission in Adelaide
There are no government regulations in place in Adelaide or the rest of South Australia, concerning real estate commission, allowing agents to adjust their rates according to supply and demand. The metropolitan suburb of College Park, home to the esteemed University of Adelaide and Adelaide Botanic Garden, will typically have vendors paying lower real estate agent commission, thanks to higher property values and increased competition compared to more rural areas. Similarly, bay side St. Kilda, just north of Port Adelaide, may see real estate commission prices driven up, due to a lack of real estate competitors.
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Real estate agent commission data sourced from LocalAgentFinder on 23rd November 2018.
What to consider when finding the right real estate agent to sell your property
- In the southern metropolitan suburb of Goodwood, growth has slowed, making it important to consider an agents marketing strategy, not just their real estate commission.
- Agents tend to vary on commission, so be sure to compare the differing rates they offer in regard to their real estate commission and services, as it’s the best way to discover what best suits your situation.
- Rural areas will often have lower property values, which also indicates a trend in real estate agent commission, and many agents will increase their commission to compensate.
Want to find out what real estate agents are charging in Adelaide?
To get a better idea of average commission fees in your area, try comparing quotes from agents near you with AgentsCompare. It’s a free, online service that lets homeowners request no obligation quotes from local real estate agents. Request quotes today, and begin comparing agents’ fees, service and experience. It’s simple, just register your property online so you can re-enter the market prepared and confident when you’re ready.
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