What Buyer Agent fee (% or Flat) should I expect for a property around $1m?

Discussion in 'Investment Strategy' started by Little Cousin Kate, 29th Mar, 2022.

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  1. Little Cousin Kate

    Little Cousin Kate Active Member

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    Haven't nailed down a city yet (been out of action for a while), but wondering what my expectations should be and recommended Agents in Perth or Brisbane.
     
    Little Cousin Kate, 29th Mar, 2022
    #1
  2. Zbdoh

    Zbdoh Well-Known Member

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    Typically fixed fee 10-17k for full BA service. Some offer a % based cost. Around the 1M purchase mark it will end up in that range anyway. I'd advocate for a flat fee.
     
    Zbdoh, 30th Mar, 2022
    #2
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  3. Little Cousin Kate

    Little Cousin Kate Active Member

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    Nice one - thanks for the feedback Zbdoh
     
    Little Cousin Kate, 31st Mar, 2022
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  4. MJS1034

    MJS1034 Well-Known Member

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    I just used one for a purchase in Brisbane and they were 2%. Found a couple who were a flat fee of $10k but I didn't get a great feel with them.
     
    MJS1034, 31st Mar, 2022
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  5. Spring_sun

    Spring_sun Active Member

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    We had a great experience with our BA in Perth.
    Originally got quoted 1.5%, but we agreed on a tiered flat fee structure capped at the top.
     
    Spring_sun, 31st Mar, 2022
    #5
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  6. Nathan Prasad

    Nathan Prasad Well-Known Member Business Member

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    All localised Buyer's Agents charge 2% - 3% of the purchase price pending the complexity of the brief. We normally just use that as a scale and provide a fixed fee with investors.
     
    Nathan Prasad, 31st Mar, 2022
    #6