Real Estate Commission Melbourne

The last year has seen a strengthening in the Melbourne property market, following moderating activity this time last year. With this unprecedented growth, the market is looking great, with demand clearly skewed in vendor favour.

There has been a significant rise in median house prices for the South-Eastern suburbs, with beachfront suburb, Middle Park, reaching $2.35 million. Prahran – home of the lively shopping district, Chapel Street – is also soaring, with auction clearance rates reaching 86%. Real estate commission in the metropolitan area has stayed low as well, compared to more regional Victorian cities.

What to consider when finding the right real estate agent to sell your property

• Melbourne agents may charge a lower commission rate for high value and metropolitan properties, whereas they will charge a higher fee for properties in outer suburbs.
• Commission rate is not the only criteria on which to judge a real estate agent; metropolitan areas may benefit from an agent who employs a marketing strategy to help them stand out from the crowd.
• More rural properties may require an agent that is able to advertise your property to a greater audience outside of the local community.