PHOTO: Agent commissions
As the issue of the traditional real estate commission model gathers more attention in 2019, new research has found that the average commission paid to agents nationally has increased by 0.71 of a percentage point.
The LocalAgentFinder Commissions Report has found that commissions are highest in Tasmania, where the average commission rate is 2.89 per cent, and lowest in South Australia, where it is 2.03 per cent.
The report found that on a $500,000 property sale, Tasmanians are paying $4,300 more in commission than in South Australia.
The LocalAgentFinder report analysed real-time commission data from over 4,700 registered real estate agents in January 2019 and compared that to commission data from May 2018.
Tasmania is followed by Queensland (2.59 per cent), the Northern Territory (2.58 per cent), Western Australia (2.44 per cent), the Australian Capital Territory (2.20 per cent) and an almost identical Victoria (2.05 per cent) and New South Wales (2.04 per cent).
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