The beautiful city of Perth, nestled around the idyllic Swan River, has seen a moderate growth in unit prices over the last 12 months, while house prices have slumped slightly. The market is remaining strong though with 269 houses being sold within a year in the CBD alone. Como, to the south, with Collier Park Golf Course in its east, is continuing to increase its house value, where properties are spending an average of 62 days on market, while units in Crawley are being sold in as little as 27 days on average. This brief time on the market means that real estate agent commission may be lowered in order to quickly handle these hot properties.
With real estate commission being unregulated in Perth and greater Western Australia, agents are free to set their commission rates to how they see fit. Bay side suburb, Claremont, situated to the west of Swan River, containing the popular shopping destination of Claremont Quarter, often sees lower real estate commission, due to its high property values. Regional areas with slower property markets, like the lush Ballajura on the edge of Moore River State Forest, will typically exhibit higher real estate commission, owing to fewer agents operating there.
City | Avg. Commission Rate | Lowest Rate | Highest Rate |
---|---|---|---|
Perth | 2.30% | 1.87% | 2.98% |
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