Real Estate Fees in South Australia
The South Australian property market has been exceeding expectations over the last 12 months, with growth around 4.5% and median price for houses and units reaching $389,000 and $300,000 respectively across the state. In the trendy capital, Adelaide, property prices have been following the state averages, hinting that real estate fees may lessen to keep up with the rising property prices. Amongst the rolling hills and grape vines, inland town Clare has been a hot ticket, with 97 houses selling over the year long period.
What you need to know about real estate fees in South Australia
The market regarding real estate agent fees is unregulated in South Australia, giving agents the chance to charge as much as the free market values their service. Spread onto the Nullarbor Plains, Border Village to the west is likely to see higher real estate fees, due, in part, to relatively low property prices and fewer agents to compete with one another, causing them to raise the fee to increase the chance of a viable sale.
Here’s how the average SA 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
- The famous wine growing regions of South Australia, such as Barossa and Clare Valley, would have property sales benefit more from an agent who employed a sound marketing strategy to accentuate its assets.
- In more metropolitan cities, real estate agent fees are typically lower, as high property values and a dense agent population forces competitive pricing.
- The only real way to understand real estate fees in an area is to compare them on a range of criteria, because the services and amenities offered vary greatly.
Want to find out what real estate agents are charging in South Australia?
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