Hobart’s property market has remained steady over the year, as a whole. Nestled between the foothills of Mt Wellington and Sandy Bay, the suburb of Sandy Bay has held a median house price of $621 thousand over this 12 month period, well above the Hobart average of $479 thousand. In the northern suburbs, just next to the world famous MONA art gallery, Berriedale has recorded outstanding auction clearance rates of 100%, with statistics showing that real estate commission is likely to stay on trend, with median house prices hovering around the city average.
What you need to know about real estate Commission in Hobart
Hobart and the rest of Tasmania have no regulations on real estate commission, allowing rates to be relatively high in rural suburbs, like Molesworth and its conservation area, to the north west, where low property value and fewer competing agents are a factor. In metropolitan North Hobart, real estate commission is historically lower, due to its higher unit prices and competitive real estate industry.
|City||Ave. Commission Rate||Lowest Rate||Highest Rate|
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
- When looking for an agent, consider how their approach to your property can be best suited; Hobart’s CBD has hidden gems in its many laneways, so a real estate agent with an extensive knowledge of the area can exploit this to great success.
- The water side metropolitan suburb of Battery Point in Hobart’s south has high median house prices, so real estate agent commission should be accordingly low, in keeping with statistical trends.
- Though you should never select an agent solely on their real estate commission, it’s still an important factor, and comparing agents directly is the best way to find the average commission for a suburb.
Want to find out what real estate agents are charging in Hobart?
The most effective method to learn the average agent commission in your area, is to compare the market. Homeowners across Hobart request free, online quotes from local real estate agents with AgentsCompare. The 100% free, no obligations service lets you compare agents’ fees, service and experience online, to find the right agent for you. Register your property online today to request quotes, and gain the advantage in the market.
In the market for an agent?
Get online quotes from local agents. It's free and no obligation.