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.
What you need to know about real estate commission in Perth
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.
What to consider when finding the right real estate agent to sell your property
- Real estate commission is not the only thing to look for when it comes to choosing the right agent; comparing agents to find the right mix of experience and knowledge is of great importance.
- High value houses in suburbs like the affluent Applecross – which recorded sales of $8.5 million in the last 12 months – suggests real estate agent commission will naturally be lower, allowing you to choose an agent with experience selling similar properties, to maximise profit.
Want to find out what real estate agents are charging in Perth?
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