Average sales agent commission in Brisbane

Discussion in 'The Buying & Selling Process' started by melbourne171, 17th Jun, 2022.

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  1. melbourne171

    melbourne171 Well-Known Member

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    Can I ask what the average sales agent commission rate for IP sales between $1m and $1.5m in Brisbane is?

    Do you have any recommended agents around Chapel Hills and Kenmore?
     
    melbourne171, 17th Jun, 2022
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  2. wylie

    wylie Moderator Staff Member

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    Traditionally it always was 2.5% + GST, but Place and other "elite" agencies seem to want 3% + GST.

    A developer friend says he never pays over 2% (I think that was what he said), but the agents know there are multiples to be sold plus future business.

    I've never negotiated to ask for a reduced sales commission because it just was not done when we last sold, but I would certainly consider it these days. You just don't know if you are going to slip to the bottom of their list of priorities and/or have them not try their hardest.
     
    wylie, 17th Jun, 2022
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  3. melbourne171

    melbourne171 Well-Known Member

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    @wylie Thanks for your reply. My agent asked for 2.5% inc GST
     
    melbourne171, 19th Jun, 2022
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  4. Jim Barry

    Jim Barry Member

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    Currently selling Northside in that price range and have had 2 agents advise 2.42% inc. GST.

    Another was 3.7% inc. GST. :eek:

    Some had a sliding scale depending on sale price.
     
    Jim Barry, 20th Jun, 2022
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  5. Sackie

    Sackie Well-Known Member

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    I've mostly paid 2.1% Inc gst but I give multiple properties to the agency at 1 time. Personally I wouldn't pay anyone more than 2.5% Inc gst.
     
    Sackie, 20th Jun, 2022
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  6. melbourne171

    melbourne171 Well-Known Member

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    why are Brisbane agent fees always more than those in Melbourne or Sydney. The property values and rent in Brisbane gone up. They should reduce the agent rates.
     
    melbourne171, 21st Jun, 2022
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  7. wylie

    wylie Moderator Staff Member

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    I guess it is like property management in WA. It is considerably higher than other states.

    I don't understand why someone doesn't open an agency in Perth and offer lower fees. I reckon they would be swamped with business.
     
    wylie, 21st Jun, 2022
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