{"id":32749,"date":"2021-06-09T11:38:03","date_gmt":"2021-06-08T23:38:03","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=32749"},"modified":"2021-06-09T11:38:03","modified_gmt":"2021-06-08T23:38:03","slug":"aussies-saving-thousands-by-bypassing-real-estate-agent-fees","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/aussies-saving-thousands-by-bypassing-real-estate-agent-fees\/","title":{"rendered":"Aussies saving thousands by bypassing real estate agent fees"},"content":{"rendered":"

PHOTO: Sydney mum sells $1.5m home on WorkApp to avoid $70k of real estate fees<\/strong><\/p>\n

You can buy a pair of shoes, takeaway pizza, plane tickets and now even houses online.<\/p>\n

Australians have begun bypassing traditional real estate agents, choosing instead to list their properties directly on marketplaces like WorkApp and Gumtree.<\/p>\n

While there were only a few houses for sale on WorkApp this time last year, today the listings are climbing daily, founder Shane Wallace told\u00a0Yahoo Finance.<\/em><\/p>\n

And on Gumtree, a search for \u2018house for sale\u2019 shows hundreds of listings.<\/p>\n

Sellers are potentially saving thousands of dollars, Wallace said.<\/p>\n

Agents can charge as much as 3 per cent in commission, which on the median Sydney price of $970,355 would come to $29,111.<\/p>\n

Wallace said that as the\u00a0Australian property market continues strengthening<\/ins><\/a>, sellers are realising they don\u2019t need as much help to sell their property.<\/p>\n

For every new listing coming onto the market, there is more than one sale occurring, CoreLogic research director Tim Lawless noted.<\/p>\n

\u201cThis rapid rate of absorption is keeping advertised inventory levels extremely low, despite the rise in new listings,\u201d Lawless said.<\/p>\n

\u201cAs a consequence, vendors remain in a strong selling position.\u201d<\/p>\n

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\"Katrina<\/div>\n<\/div>\n<\/div>\n
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Katrina Wilks and her pug Louis. (Image: Supplied).<\/strong><\/em><\/figcaption><\/figure>\n

Katrina Wilks is one of those sellers.<\/p>\n

She chose to list her northern beaches, Sydney property on WorkApp at the beginning of May after a friend of hers successfully sold her property online. She hopes to sell it and then buy her dream home in the Byron Bay hinterland.<\/p>\n

\u201cI thought I\u2019d give it a go,\u201d she said.<\/p>\n

She\u2019s hoping to get $1.6 million for the three bedroom townhouse with water views.<\/p>\n

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\"Katrina<\/div>\n<\/div>\n<\/div>\n
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Katrina Wilks’ property. (Image: Supplied).<\/strong><\/em><\/figcaption><\/figure>\n

Buyers have already sent in five serious offers, but Wilks is happy to wait to see if she can get more.<\/p>\n

\u201cThe market is just going up so much. I\u2019m pretty confident.\u201d<\/p>\n

READ MORE VIA YAHOO<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

PHOTO: Sydney mum sells $1.5m home on WorkApp to avoidRead More →<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":32750,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478106162,478098512,478109139,478098521,478105176,478105112,478106405,478098519,478098535,478115448,478115627,478098513,478098579,478098510,478098514,478098511,478098705,478098533,478115451,478108554,478098509,478098618,478116363,478115449],"class_list":["entry","author-data123nz","post-32749","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-adelaide-real-estate-agent","tag-australia","tag-australian-real-estate-agents","tag-australians","tag-for-sale-by-owner","tag-fsbo","tag-gumtree","tag-home-ownership","tag-house-prices","tag-katrina-wilks","tag-private-sales","tag-property","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-agent-fees","tag-real-estate-agent-news","tag-real-estate-news","tag-sydney-property","tag-traditional-real-estate-agents","tag-workapp"],"yoast_head":"\nAussies saving thousands by bypassing real estate agent fees - 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