Gearing up to sell your property in ACT? It pays to do your research before choosing a real estate agent, as the fees when selling a house can vary significantly depending on the agent.
To help you make the right decision, we’ve put together a list of the average cost of fees and commissions for real estate agents in ACT.
Average ACT real estate agent fees & commissions
The cost of selling a house in ACT depends on a range of factors, including whether you live in an urban or rural area, how much your home sells for, and whether you choose a commission-based real estate agent or a fixed-fee agent. Here’s a general guide to the cost of selling a property in ACT:
Real estate commissions in ACT
Commission-based real estate agents take a percentage of the final sale price of your property that you agree to pay when the property sells.
The current average real estate agent commission rate in ACT is between 2.5% and 4%. In metropolitan areas where property prices tend to be higher and there are more agents competing for business, commissions tend to be lower. Some real estate agents are also willing to negotiate their commission rate.
Fixed-fee real estate agents (like Upside) don’t charge any commission. Instead, they charge a flat (usually cheaper) fee rather than charge a percentage of the final sale value. At Upside, we charge a flat fee when you sell your home - no matter how much you sell for!
Real estate marketing fees in ACT
As any real estate agent worth their salt will tell you, marketing plays a major role in securing the highest price for your property. After all, you can only attract buyer interest if people actually know your property is on the market! Real estate agents will typically manage a full marketing campaign for your property, including professional photography, copywriting, an online listing, a floor plan, and a signboard outside your property.
In ACT, marketing fees range from around $1500 to $3500, depending on the location of the property and the marketing package you choose. Additional marketing like highlighted listings and videos tends to be more expensive.
Home staging fees in ACT
Selling a home equals selling a lifestyle, and that means making your home looks its best for viewings and in photos. A professional home stager will style and furnish your home to maximise its appeal to prospective buyers. Real estate agents usually don’t offer home staging services directly, but can organise it through a third party.
In ACT, home staging costs range from $2000 up to $8000 depending on the size of the property and how long you need your home to be staged for.
Auctioneer’s fees in ACT
Professional auctioneers charge a fee for their services, which you’ll need to pay either on top of your other fees or as part of your real estate agent’s commission or fixed fee. Separately hiring an auctioneer in ACT will cost you between $200 and $1,000.
How do real estate fees in ACT compare to the rest of Australia?
Wondering how real estate commissions and fees in ACT shape up against other states in Australia? The cost of selling a home in each state is outlined below:
|State||Real estate commission||Marketing fees||Lender's fees||Staging fees|
|ACT||2.5% - 4%||$100 - $800||$1500 - $3500||$2000 - $8000 depending on the duration and size of the property|
|VIC||1.6% - 2.5%||$500 - $2000||$100 - $1500||$2000 - $8000 depending on the duration and size of the property|
|NSW||1.8% - 2.5%||$600 - $2000||$150 - $1500||$2000 - $8000 depending on the duration and size of the property|
|QLD||5% on the first $18,000 then 2.5%||$600 - $2000||$150 - $1500||$2000 - $8000 depending on the duration and size of the property|
|WA||2.44% - 3.25%||$400 - $1000||$150 - $1500||$2000 - $8000 depending on the duration and size of the property|
|SA||2% - 2.75%||$500 - $1000||$150 - $1500||$2000 - $8000 depending on the duration and size of the property|
|TAS||~3.25%||$400 - $800||$150 - $1500||$2000 - $8000 depending on the duration and size of the property|
Upside = no-commission ACT real estate agent
As we mentioned earlier, Upside is a fixed-fee real estate agent, which means you’ll never pay a commission should you choose to sell your property with us. We charge a flat, cheaper fee that covers all the essentials for selling your home - no matter how much you sell for.
Want a better deal on your property sale in ACT? Find out what’s included in our real estate agent services, and book a no-obligation property appraisal to get started.