Real estate fees in Sydney
Sydney property prices are undergoing an unparalleled period of growth, and with attractions like the Sydney Harbour Bridge and Bondi Beach, it comes as no surprise. This growth is affecting many different areas in metropolitan Sydney, like the regional north western suburb of Schofields, where the highest house price paid in the last 12 months was $5.9 million. The home of the SCG, Centennial Park, has also seen growth, with the median house price rising to $4.25 million. These higher property prices will potentially follow a historical trend, where real estate fees are lowered as agents find it easier to earn from a sale.
What you need to know about real estate fees in Sydney
Real estate fees are not regulated in NSW, allowing agents to set any fee, but it is usually dictated by the market. The metropolitan area of Randwick, with the Royal Randwick Racecourse, will tend to see lower real estate agent fees, due to higher property prices and a higher density of real estate agents. Similarly, with generally lower property prices and fewer agents to choose from, south-western Condell Park, next to Bankstown Airport, will tend to have higher real estate fees, as agents try to earn a greater percentage of a smaller sum.
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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
- Take into consideration other factors, rather than just the real estate fee; a solid marketing strategy in river-side Parramatta, may do well to promote your property.
- To find the average real estate agent fee, compare! This is the best way to find the different costs on the market.
- Sydney agents may charge a lower real estate fee for high value, metropolitan units, like those found in the CBD, as the larger property price allows them to still gain from a sale.
Want to find out what real estate agents are charging in Sydney?
The best way to do discover real estate fees, is to compare agents in your area. With AgentsCompare – a 100% free, no obligation online service – you can find out what agents are offering in your neighbourhood by requesting free, online quotes, detailing their fees, services and experience. Register your property now to get a running start on the competition.
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