Real Estate Fees in Western Australia
With nearly one third of Australia’s landmass, Western Australia has plenty of room to accommodate the steadily growing population. In the property market, WA has been performing very well, with a growth of 6.3% over the last 12 months, leaving median house prices at an impressive $510 thousand. In the always beautiful state capital, Perth, on the banks of the Swan River, annual unit prices have remained steady, whereas house prices have taken a small dip. Further along the coast to the north, the diverse mining town of Karratha has interestingly sold just one property in the last 12 months. This is likely to keep real estate fees relatively high, as the agent population in the town is low.
What you need to know about real estate fees in Western Australia
The government has left real estate agent fees unregulated in the state, giving agents the chance to charge a fee based on their perceived value. This is likely to affect regional and rural communities, like inland Paynes Find, just north of Lake Moore, where lower properties prices and a scarcity of agents cause a rise in real estate fees, ensuring a worthwhile sale.
Here’s how the average WA commission fee compares to the rest of Australia:
|State||Ave. Commission Rate|
Real estate agent commission data sourced from LocalAgentFinder on 3rd December 2018.
What to consider when finding the right real estate agent to sell your property
- CBDs and metropolitan areas, like in the port city of Fremantle, will find lower real estate fees, due to higher property prices and more competitive agents. The opposite is true in regional cities.
- To find the average real estate agent fee, compare agents directly with each other, as it’s the best indicator of price and service.
- Consider an agent’s services as well as their fee; in high value neighbourhoods, it’s often a good idea to hire an agent with experience selling similar properties and who knows the buyer’s needs.
Want to find out what real estate agents are charging in Western Australia?
For invaluable information on the market, compare agents at AgentsCompare. It’s a no obligations, 100% free online service, providing you detail on agents’ fees, services and experience. Register your property online to request free, online quotes from local real estate agents, and compare to find the perfect fit for your property.
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