The sunny Queensland capital of Brisbane has been a very solid performer in the housing market this year, with house prices gaining 2.8%. On the Brisbane River, next to shopping destination, Portside Wharf, the metropolitan suburb of Hamilton has grown tremendously, with an impressive 318 properties sold. Meanwhile, regional Yamanto, nearby the Amberley Aviation Heritage Centre to the CBD’s south west, has experienced a promising period of growth in its housing market, despite zero units being sold in the area in the last 12 months. This bodes well for the suburb’s real estate fees, as they are likely to be lowered in response to higher values.
What you need to know about Real Estate Fees in Brisbane
As of December 1st 2014, there has been a change across Queensland to deregulate real estate fees, with the government removing the cap that dictated the maximum an agent could charge. With this newly unregulated market, agents are free to charge any real estate fee they wish, but it also means that agents are able to offer a greater quality of service in exchange for higher fees. This may affect more rural and regional areas of Brisbane, like the island dotted Moreton Bay, where property prices are lower.
What to consider when finding the right real estate agent to sell your property
- In metropolitan Woolloongabba – home of the Gabba – real estate fees are typically higher, due to higher property prices and a larger number of competing agents. In outer suburbs, however, the fees tend to be higher, as property prices are lower and agents need not contend with each other.
- It’s of great importance to seek the average real estate fee in Brisbane, as the unregulated market means that standard fees may not yet be established. It’s wise to compare agents to get the best idea of price.
Want to find out what real estate agents are charging in Brisbane?
The best way is to compare agents directly, with AgentsCompare. The free, online service allows homeowners to request free, no obligation quotes from local real estate agents, giving you comprehensive details on agents in your neighbourhood. Register online today to get your property into the hands of the right real estate agent for you.
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