Real Estate Fees in Queensland
Warm and sunny Queensland has seen a very respectable period of growth over the last 12 months, leaving median house prices at $445 thousand across the state. Brisbane, split down the middle by the Brisbane River, has enjoyed an increase in house prices of 2.8%, though units have taken a moderate slump of 3.8%, suggesting that real estate agent fees may fall slightly in the housing sector, but increase marginally for units. On the eastern coast, next to beautiful holiday destination, Fraser Island, Hervey Bay has shown interesting results, with only one property having been sold over the last year.
What you need to know about real estate fees in Queensland
There has been a change in the government regulations concerning real estate fees, as of December 1st 2014, whereby agent fees are now deregulated. There is now no cap on the maximum price that a real estate agent fee can be set, meaning that rural and regional areas, like tropical northern coast city, Port Douglas, on the Great Barrier Reef, may encounter higher fees, due to lower property values and fewer agents in competition with each other.
Here’s how the average QLD 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
- In metropolitan areas, property values are generally higher and there is a greater number of competing agents, causing real estate agent fees to be lower on average.
- Due to the recent deregulated market, finding an average real estate fee is even more important, so compare agents to get the lay of the land.
- Choose an agent based on services and not just price; famous surf town, Noosa, would have properties benefit from an agent with a sound marketing approach, playing to the strengths of the town’s reputation.
Want to find out what real estate agents are charging in Queensland?
The best way to find a great agent in your neighbourhood is to compare what’s out there. Register your property on AgentsCompare to compare local agents’ fees, services and experience. The 100% free, online service allows you to request free, no obligation quotes from real estate agents in your area. You’ll find all the information you need to choose an agent that suits you, so head to the website today and get a leg up in the market.
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