We provide two options for our real estate agents fees. If you want certainty, our Standard Fee is a sure and simple way to budget for the commission on your sale – it’s similar to a conventional agent’s fee, only much less expensive. If, on the other hand, you’d rather challenge us to stretch the price a bit further, our Incentiviser Fee is for you.
At The Property Market, we keep our standard fee low. How do we do it? Simple – by keeping our costs low too.
We don’t have a high street office, we compute in the cloud and we do our admin online, which means we don’t need lots of people and paper.
Our leaner, smarter structure means we can afford to charge a small, simple and cost efficient commission fee of just 2% plus GST. Unlike other agencies, we don’t charge a sneaky admin fee either.
Minimum fee of $12,000 plus GST applies.
No, you’re not seeing things.
If you don’t believe you should be paying commission on the ‘easy’ part of your sale price, we won’t make you.
Instead, we’ll only charge you commission for the bit at the top end, at a percentage rate that explicitly incentivises high-end performance.
So if we don’t achieve the sale price you deserve, you won’t pay over the odds. But if we achieve a sale price that is exponentially brilliant, we’ll both do well.
Sound fair? We think so. Book an appraisal here...
N.B. Minimum fee of $12,000 plus GST applies.
We have a minimum fee of $12,000 plus GST. This ensures we can attract skilled salespeople who are motivated to extract the highest available sale price and provide exquisite service.
Fees vary, but the standard industry commission fee is typically around 4% on the first $300,000 or $400,000 of your sale price and 2% on the remainder above it. GST is then applied to the total and there is also usually an administrative fee of around $500 plus GST. So the average industry fee for a $500,000 house is roughly $20,000 including GST.
We think that's a little on the high side, especially as the move to online search and better access to market data has made matching buyers to properties more straight forward.
Truth be told, with the right agency structure, there’s no reason why the cost of commission rates and fees shouldn’t be a whole lot lower than the traditional industry model allows.