How Much Do You Pay When Selling A House?
In Australia, real estate fees are typically referred to as commissions. They are usually calculated as a percentage of the selling price achieved.
It is quite common around Australia to see real estate agent commissions ranging between 1.5% to 3% based on the value of the property and various other market-related factors.
How Much Should You Spend On Marketing or Advertising When Selling Your Home?
A marketing campaign can significantly vary across various parts of various cities within Australia. For example, it is quite common to see marketing campaigns run into tens of thousands of dollars in the high-end luxury real estate markets such as Toorak in Melbourne or Double Bay in Sydney.
In other less affluent markets, average marketing budgets usually range between $2,000 and $5,000.
How Much Do Real Estate Agents Charge For Rentals?
Property management fees in Australia are typically charged as a percentage of the monthly rental amount. The average rates vary between different states and between metro vs. regional areas influenced by market conditions and level of competition in the area.
It is common to see property management fees ranging between 5% and 8% based on the level of services included as part of your agreement. It is advised that property investors get a detailed list of fees applicable as part of the fee structure, as a lower ongoing management fee, which may seem enticing at the start, could be more than offset by other ancillary costs.