When it comes time to sell your house, the cost may be high.
Real Estate agent charges can take a reasonable chunk of your final selling price, so ensure you are prepared for this expense when working out your net balance after sale.
An example of Real Estate agent commissions in Queensland, based on the standard rate of 5% of the first $180,000 + 2.5% of the balance, plus GST, is:
| Selling price | Commission |
| $200,000 | $ Â 5,995 |
| $250,000 | $ Â 7,370 |
| $300,000 | $ Â 8,745 |
| $350,000 | $10,120 |
| $400,000 | $11,495 |
| $450,000 | $12,870 |
| $500,000 | $14,245 |
| $550,000 | $15,620 |
| $600,000 | $16,995 |
| $650,000 | $18,370 |
| $700,000 | $19,745 |
| $750,000 | $21,120 |
| $800,000 | $22,495 |
| $850,000 | $23,870 |
| $900,000 | $25,245 |
| $950,000 | $26,620 |
Commission rates in Queensland have a maximum rate set by law in the Property Agents and Motor Dealers Act.
The Queensland Government has set the commission for real estate agents at a maximum of 5% of the first $18,000 of the sale price and 2.5% of the balance of the sale price. 10% GST is also payable on the agent’s commission. Source
Some Real Estate agents also charge advertising fees on top of the above, but these should be advised to you before you sign a contract. Â I have personally NEVER been charged these extra costs, in four property sales in Australia.
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