Brisbane Real Estate Commission Rates

Before that the state set a maximum commission rate of five per cent on the first 18 000 paid for a property and then 2 5 per cent for the remaining balance. Real estate agent fees and commissions can cost as much as 4 of your selling price. Brisbane and gold coast based sellers can expect to pay between 2 45 and 2 75.

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Brisbane is an investor s market so it s no surprise that many homeowners are now considering selling and buying properties with development potential.

Brisbane real estate commission rates. Our experience has shown us that real estate commission rates in queensland are approximately 2 45 to 3 0 with an average rate of 2 45. Average qld real estate commissions. Compare this to the same figures for the other australian capital cities. Calculating queensland commission rates for real estate the maximum queensland real estate commission rates for residential property sales is 5 of the first 18 000 of the purchase price 2 5 of the balance of the purchase price plus the gst if applicable.

Some real estate agents are willing to negotiate the commission rate. For example on a 500 000 property at 2 5 commission the commission would be 12 500 calculated as follows. The average real estate commission rate in brisbane is 2 51. Real estate agent fees are calculated as a percentage of the price a property has sold for.

Real estate commission rates in queensland have a maximum rate set by law in the property agents and motor dealers act pamd. Up until 2015 there was a legislated maximum commission rate of 5 on the first 18 000 of a sale and 2 5 on the remaining sale price. At the statewide average commission rate and brisbane s median sale price real estate agents would make 11 794 25. It s also possible to avoid commission altogether by using a fixed fee agent like upside to manage the listing and sales process.

500 000 x 2 5 12 500. The average real estate agent commission rate in qld is 5 on the first 18 000 then 2 5 on the remainder of the sale price. Real estate brokers commission rates are not regulated in any state and are always 100 negotiable. So if you re thinking of selling in brisbane what commission rate should you be expecting to pay.

Here s how your agent might charge you. Real estate agent fees in queensland qld can vary from agent to agent and area to area. These days commissions are negotiable just like they are in rest of australia. When you decide to sell your house if you are like most people you will want to hire or at least consider hiring a real estate agent to handle the process.

Based on our data the average qld real estate commission is 2 45. Those in the regional area will pay around 2 5 to in excess of 3 0 due to lower prices and property turnovers.