How much do Buyers Agents Fees Cost in Brisbane?
Your Property Hound is an independent, Buyer’s Agent that services Brisbane and Regional Queensland. We are proud to advertise what our fees cost, and are confident that you will appreciate the value of our service.
When considering the cost and benefits of using a buyer’s agent ask yourself the following questions:
Cost of Buyers Agent Fees in Brisbane
Do you have the market knowledge and experience required to confidently determine a fair market price for a property? Can you remain objective even when searching for your dream home?
Do you have the negotiation skills necessary to compete with selling agents to achieve the best possible outcome for you?
Can you identify locations and properties that will achieve maximum capital growth? Are you able to compare properties based on their cash flow with consideration given to purchase costs, loan structures, rental yields, and deductions?
Perhaps the real question to ask is: Can you afford NOT to use a buyer’s agent?
An experienced buyer’s agent has the potential to save you thousands of dollars on the purchase and holding costs of a property. These savings are often many times greater than the cost of their fees. (Not to mention the fact that you’ll get your weekends back, and not have to deal with any more selling agents!)
So what does the service of a Buyer’s Agent actually cost?
Queensland law sets the maximum commission that agents can charge on a residential property transaction:
Maximum Commission: 5% of the first $18,000 plus 2.5% of the balance of the purchase price (+GST).
For example, the maximum commission payable on the sale of a $500,000 property would be $12,950 (+GST).
In practice most buyer’s agents charge a fee of around 2.5% of the purchase price (+GST).
For example, a fee of $12,500 for the purchase of a $500,000 property.
At Your Property Hound we charge a flat fee (rather than a commission) for our services.
Low overheads mean that we can charge competitive rates without compromising on value or service.
For example, we charge a fee of $9,000 (+GST) for the purchase of a $500,000 property in metropolitan Brisbane. The service includes: (see Our Services)
- Searching, inspecting and evaluating properties
- Negotiating the purchase price and contract conditions
- Managing the settlement process.
The fee varies depending on the price range and location of the property. A full price list for our services is included below:
|Purchase Price||Full service – Brisbane (+GST)|
|Up to $500,000||$9,000|
We can also provide a customised quote for people wanting a single services (e.g. a property report/analysis, property negotiation, auction bidding). Payment for the Buyer’s Agent service is made in 2 installments:
- An appointment fee: $1,500+GST at the time of appointment. This amount is non refundable if you ultimately choose not to purchase a property.
- A success fee: The balance of the fee is paid when the contract becomes unconditional. No success fee is payable if you decide not to proceed with the purchase.
At Your Property Hound we are confident that our experience, and knowledge of the Queensland property market, coupled with our strong negotiation skills will save you much more than the cost of our fees. Contact us today for an obligation free consultation.
Choosing the right buyers agent is about much more than their fees: click here for 5 Tips to Help Choose the Best Buyers Agent in Brisbane.