Real Estate Fees in Tasmania
The property market in Tasmania has remained steady over the last year, with the median house price coming to rest at $283 thousand over the 12 month period. The state’s capital and cultural hub, Hobart, has also retained a solid position, where real estate fees have remained considerably lower than the state average, thanks to higher agent density and property values. The link to the mainland, northern port town of Devonport, has been dynamic in the market, with 271 properties being sold in the past year.
What you need to know about real estate fees in Tasmania
There are no regulations on real estate agent fees in Tasmania, allowing agents to charge fees according to the flow of the free market. The untouched landscapes of Bruny Island, in Tasmania’s south, will typically have higher real estate fees, on account of the lower property prices and a lack of agents competing in the area. In metropolitan areas, however, the higher value properties and numerous agents serve to lower fees.
What to consider when finding the right real estate agent to sell your property
- You should never decide on an agent based on just real estate fees, as different services may increase the desirability of your property; metropolitan Hobart could benefit from having experience selling in the area.
- The best way to find the average real estate agent fee in your area is to directly compare agents.
- Higher real estate fees are common in rural and regional areas, like western Queenstown, in the heart of the national forests, due to lower property value and a decrease in competing agents.
Here’s how the average TAS commission fee compares to the rest of Australia:
|State||Ave. Commission Rate|
Real estate agent commission data sourced from LocalAgentFinder on 3rd December 2018.
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