The ever popular holiday destination of Perth, laying at the entrance of the beautiful Swan River, has endured a minor median price drop in the housing market over the last year, though not all of the 2 million residents have experienced it. Inner northern metropolitan suburb, Mount Lawley, has experienced annual growth of around 8%, leaving median house prices at $915 thousand. This will likely continue to lower real estate fees in the area. Inland Ballajura, the northern suburb bordering the lush Gnangara Park, has been standing tall over the 12 month period, where the days on market average for houses has been 69 days.
What you need to know about real estate fees in Perth
There are no government regulations in place Western Australia, regarding real estate commission, allowing agents to adjust their rates and services according to the free market. Southern suburb, Salter Point, tucked into the Canning river, may follow trends of low real estate fees, owing to high property prices, as agents make their fee more easily through the sale. Small rural suburbs, like the quiet Pinjar in Perth’s north, will typically see higher real estate fees, as lower property prices and a comparative decrease in agent competition induce them to charge more liberally.
What to consider when finding the right real estate agent to sell your property
- In Perth’s CBD, real estate fees will generally be lower, as higher property prices and an abundance of agents will necessitate the lower fees.
- Don’t choose a real estate agent based purely off their real estate fee; high wealth neighbourhood, Ardross, in the southern suburbs, may find great value in selecting an agent with experience selling similar properties in the area.
- To discover which agents can offer the best price and services, compare them. It’s still the best way to get an idea of your choices.
Want to find out what real estate agents are charging in Perth?
To find the right real estate agent for your property, it’s worth comparing them on AgentsCompare. The no obligation online service lets you request free, online quotes from real estate agents in your area, to find and compare agents’ fees, services and experience. Register online now to get the running start you need in today’s real estate market.
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