It's good news for those who are selling in Sydney, as we see commissions in the city are the lowest compared to all other capital cities in Australia. While the average real estate agent selling fees in Sydney vary, the average commission rate sits at 1.87%. Compared to the overall
New South Wales
average of 2.01%, Sydney agents tend to charge lower commission rates due to the increased competition.
Some of the lowest real estate agent fees in New South Wales are located in Southern Sydney in the St George area, including suburbs like Banksia, with an average commission rate sitting around 1.53% and Bardwell Park, with an average of approximately 1.65%. Competition to enter the property market is strong in Sydney, and high market activity can somewhat account for the low agent fees in these areas.
The below graph illustrates how Sydney compares with the rest of Australian capital cities. Sydney ranks lowest next to Adelaide and we can see the huge difference found between Sydney and Tasmania is very telling. Sydney's competition amongst real estate agents we can then conclude is rife.