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Agent Fees & Marketing Costs

Instantly see average agent fees in Richmond & marketing costs.

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Property Value Estimate

A current estimated value of your Richmond property, before talking to the experts.

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List of Top Richmond Real Estate Agents

There is a huge difference between good and bad agents.

The best agents don’t just sell loads of properties - they sell them faster and at higher values. We've collected data on all of the top agents in Richmond below, so you can see what kind of difference an experienced agent makes.

In the past 12 months, Richmond real estate agents have sold 1188 properties. Houses in Richmond spent 36 days on the market before selling and apartments 40 days. Most properties sold were units.

We have prepared a shortlist of agents operating in Richmond, but the agents on this list may not suit your style of property. Individual agent performance can vary significantly, even if the agents share the same agencies or office.

Which Real Estate Agent calculates a list of 3 top local agents from all agent sales data in the area, personalised to your property. Get started with our agent comparison tool.

Which Real Estate Agent's Best Richmond Agents

Good agent selection means you increase your chances dramatically of a higher property price and an easy, quick sale. We can calculate a shortlist of top agents through our agent comparison tool.

To start selling, it's best to speak with a top-performing local real estate agent who has experience with properties like yours and can work well with you.

Properties Sold

1188

(12 Months to Mar 2024)
Different Agents Used

73

(Mar 2024)
Different Agencies Used

27

(Mar 2024)

A suitable agent should be focused on selling property near yours (bonus for the same street!), experienced at selling property like yours, have a strong history of successful negotiations, and possess a personality that works well with potential buyers and yourself. Most agents have a particular focus, e.g. houses within a certain area, price bracket, and a ranking within their agency. We do everything we can to identify these agents for you.

We've crunched the numbers on properties sold in Richmond and have identified top agents that don’t just sell a lot of properties, but those that appear to sell for more and faster than their competitors.

Richmond Agents That Sell For Higher Prices

Suburb Avg.
$1,064,936
Top 3 Agents
$1,874,361

Top agents achieved 1.8x higher prices than the suburb average.

Skilled real estate agents can increase the value of your Richmond property through negotiation and driving competition among buyers. With strong negotiation skills and connections within the Richmond real estate field, they often deliver more than other real estate agents can.

Richmond Agents That Sell Faster

Suburb Avg.
96 Days
Top 3 Agents
32 Days

The top 3 agents in Richmond sell 3.0x faster than the suburb average.

A strong advertising strategy or an extensive buyer’s database typically speeds up the selling process immensely, so ensure your agent can provide both.

Richmond Agents With The Most Experience

Suburb Avg.
2
Top 3 Agents
10

Top agents achieved 5.0x more sales than the suburb average.

Top real estate agents in Richmond do not usually handle properties in just Richmond but also nearby suburbs that might not have similar property markets to Richmond. You need a top agent who has a core focus on selling property similar to yours in Richmond. Doing this will ensure that your property will sell for a better price and faster.

Why Use Us

Our service is 100% free and no obligation to you.

We are an independent Australian company that helps property owners make informed decisions on which real estate agent to use. We provide independent performance data on real estate agents, making it easy for you to identify the best suited agents to interview and ultimately achieve the best price.

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What To Pay Your Richmond Agent

The lowest fee should not be your top requirement in an agent. Rather, you should look for agents that can strongly back up their fee structure and commission rate.

An agent with a strong sales background in selling quickly and for a higher price will often cover their fee and more. Receive a shortlist of top agents in the local Richmond area from our agent comparison tool to sell confidently.

Richmond is one of the more affordable suburbs in Australia when it comes to real estate agent commission rates. Experience has shown us that real estate agent commission rates in Richmond average around 1.9%.

The commission rate in Richmond is on average lower than most other suburbs in Australia, which means you get to keep some more of your profit compared to sellers in other areas. Don’t forget that you can still negotiate a better rate with your agent, or how much goes into advertising.

1.9%
Richmond Average Commission Rate
~2.1%
National Average Commission Rate

Use the real estate agent fee calculator below to determine how much it may cost to sell your property in Victoria. Amounts calculated include 10% GST, but exclude other costs an agent may charge such as advertising and marketing.

$0.00

Estimated Agent Commission

More Information

The data on this website, including in the graphs and calculator, is approximate in nature and should not be relied upon.

Talking to a top local real estate agent is a good first step to determine what you may be required to pay to sell your property and to understand the local property market.

The graph and calculator use data collected by Which Real Estate Agent in 2019, and provides a state-wide average estimation of commission rate. The data presented should only be used as an indication of what you may be required to pay.

Be careful of extra fees that may be charged by a real estate agent. We recommend you properly review the agency agreement and cost schedules, so there are no surprises when you are presented with the final bill.

There is almost always room to negotiate commissions with agents. Do not be afraid to ask for an agent fee structure that favours your situation and ensures the agent does their job.

However, remember that an agent willing to drop their agent fees to rock-bottom are not likely to have your best interests at heart. Make sure you’re not just padding out someone else’s sales statistics - you should spend a little more to make more.

Need more information about agent fees or costs? Read our comprehensive guide to the fees charged by agents here.

Frequently Asked Questions

SHOULD I SELL MY HOUSE IN Richmond IN 2024?

According to our data, you may want to consider selling your Richmond property in 2024.

The average apartments and units growth in Richmond has risen to 3.6% over the past 10 years. The increase in property values has led to an appreciating market where selling your property is generally easier and buyers are generally more competitive.

Price growth for Richmond houses over the last year has been about equal to the ten year annual growth rate, coming in at 3.1% for houses (compared to the 10 year average, 3.8%).

Units/apartment values over the past 12 months in Richmond have stayed equal for 1.7%, compared to the 10 year average, 3.6%.

To find out how to sell your house and to find the best agent, click here.

WHAT IS MY HOUSE PRICE ESTIMATE?

There are several variables that can affect property values in Richmond. To accurately estimate the value of your Richmond property, these variables need to be taken into account.

One example of a variable that affects your house price is proximity to local area amenities.

Proximity to Richmond local amenities is something that rarely changes. If your property is within walking/driving distance to Richmond amenities/shopping areas/schools/restaurants, your property value estimation tends to be higher.

Proximity to amenities should be taken into account when estimating property values, along with distance to city areas, property type, condition of the property and more.

Figure out the value of your home, and start your selling journey with some confidence. Get started by requesting a property appraisal from an agent today.

WHAT ARE THE STEPS TO SELLING MY Richmond HOUSE?

There’s a lot to think about when selling your Richmond property, and a lot of it happens before signing up with an agent.

Initially, you should look at the Richmond property market and see if the conditions are right. Get an idea of how much your property is valued in the present day, starting with an independent property value report. Then you will want to contact and interview multiple agents (ideally around 3) and discuss selling methods, advertising and fees.

Make sure you are sure about selling, and are realistic about your property’s value when talking to agents. A mistake here could cost you. The best way to avoid costly missteps and get a good price is to sign up with a strong local real estate agent that can walk you through the whole selling process in an honest way.

If you need more in-depth information on each step of the selling process, read our comprehensive guide on selling here.

HOW DO I FIND THE BEST REAL ESTATE AGENT IN Richmond?

To find the top agents in your area, look into the sales histories and statistics behind each agent in your area. The best indicator is experience selling similar properties in the local area. This equates to knowledge behind positioning the property to the target market and an active list of prospective buyers that ultimately assists in achieving the best price.

Interview multiple agents to get a feel for fees and quality, and ask for as much proof as possible that they can do the job well.

Get more guides on choosing or finding the best agents here. Get a free shortlist of real estate agents in Richmond by using our real estate agent comparison tool. We look into agents who sell quickly for the highest prices to ensure you get the best result.

HOW COULD THIS SERVICE BE FREE?

If an agent we suggest is successful in selling your home, they pay us an industry-standard referral fee. If the agent is unsuccessful, there is no fee payable.

This means it is in our best interest to find a top-performing real estate agent that can sell your property with minimum fuss.

IS YOUR AGENT ANALYSIS BIASED IN ANY WAY?

No. In comparison to our competitors, we do NOT have a limited database of agents to work with. We do not have special agreements with any agents or agencies for property sales.

Which Real Estate Agent is unique in that we carefully analyse the local agents in the area and base our recommendations upon individual agent sales histories and customer reviews.

In addition, we receive the same referral fee regardless of which suggested agent is chosen by you. We only receive the fee if the property is sold.

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Richmond Suburb Overview

Richmond is a suburb of Melbourne, Victoria, Australia, 3 km south-east from Melbourne’s Central Business District. The suburb’s Local Government Area is the City of Yarra municipality. The 2011 Census listed Richmond’s population as 26,121.

Three of the 82 designated Major Activity Centres identified in the Melbourne 2030 Metropolitan Strategy are located in Richmond

The diverse suburb has been the subject of gentrification since the early 1990s and now contains an eclectic mix of expensively converted warehouse residences, public housing high-rise flats and terrace houses from the Victorian-era. The residential segment of the suburb exists among a lively retail sector and a shrinking industrial and manufacturing base. Richmond was home to the Nine Network studios, under the callsign of GTV-9, until the studios moved to Docklands in 2011. Dimmeys is long associated with Richmond, although it is located in the neighbouring suburb of Cremorne. The suburb is well known for its textile industry history and popular factory outlets, centred along Bridge Road and remain an attraction to the area.

Richmond is well-known for its vibrant and popular Little Saigon area along Victoria Street;however, the area is also recognised for the illicit drug dealing that occurs in both street-based and domestic contexts.

Richmond was named after Richmond Hill, London, with its outlook of the river bend, however the waterfront area was later named Cremorne.

Richmond is home to the four houses used on the 2011 edition of The Block, that aired on Channel 9.

Victoria Gardens Shopping Centre is a large modern complex built in 2001 to service the inner eastern suburbs. The Loyal Studley Hotel was built in 1891 and is now used as a homewares shop. Richmond Power Station was built in 1891. The Burnley Theatre is now a commercial homewares shop, but contains some elements of the original interiors, including the foyer and stage. 450 Swan Street, completed in 1995, combines an old bank and modern building in outstanding example of deconstructivist architecture, by Ashton Raggart McDougall. Richmond Town Hall is a landmark building currently operated by the City of Yarra, which was built in the 1880s and redecorated during the interwar years. Hotels include The Mountain View Hotel, Corner Hotel, Great Britain Hotel, The Rising Sun and The Swan and many others known for their live music.

With a large number of small homes in its narrow streets, Richmond has some of Melbourne’s best examples of residential architecture from most periods.

Notable examples include The Malthouse, a landmark conversion of silos into apartments by award winning architect Nonda Katsalidis.

The bluestone terrace homes at 13 & 15 James Street, built in 1857 in the rustic Gothic style for Eneas Mackenzie, a civil servant, are classified by the National Trust and are among the oldest homes remaining in Melbourne.

Lalor House on Church Street, named after and former home of Eureka Stockade upriser Peter Lalor, is a rich boom-style landmark.

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