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Home › Real Estate Agent Fees › Costs To Sell A Property in Brisbane [2024 Update + Calculator]
The costs of selling a property in Brisbane are substantial and cannot be determined by one figure alone, especially as there are so many variances which come into play.
So, what costs are involved in selling a house? This guide will take you through the many different primary costs of selling a house.
While some of the typical costs such as auctioneer’s fees, home improvements, repairs and home staging expenses may not be entirely necessary, it is worth having money set aside for these added extras in case you decide to go down that route. A small investment, particularly regarding repairs and professional styling, could reap huge rewards.
Spending money to prepare and market a property is only a worthwhile investment if you engage a top real estate agent to maximise your return on this investment.
Our free comparison service will show you exactly who the best real estate agents suited to sell your property are. Agents are very happy to discuss marketing and advertising cost structures, so don’t be shy.
Table of Contents
The costs of selling in a property in Brisbane are:
Real estate agents, on average, charge 5% of the first $18,000 in both Brisbane and regional Queensland locations, plus 2.5% on the remainder of the sales price. With an average of 2.45% across the entire state, Queensland is the third cheapest in the country. We can give you commission information for your local area as well as getting you in touch with top agents.
This used to be the legislated maximum, but now consumers are free to negotiate whatever commission rate they like with their agents.
Total Agent Commission
Looking for an idea of top agents or the market situation? Look at our Brisbane agents guide, listing top agents and an idea of fees.
In Queensland, the cost for a conveyancer or solicitor is approximately $700 – $1,300.
As soon as the house is sold, the title of the house must be transferred from one owner to another. This is done with the assistance of a conveyancer or solicitor.
In the Brisbane metropolitan area, the cost of 45 days of marketing online ranges between $600 to over $2000. In slightly more remote areas of Queensland like Southport or Toowoomba, the prices drop down to $400 to over $1000. These fees range from the lowest ‘Feature’ to the highest ‘Premiere’ advertising tiers.
Insiders tip: search your suburb in realestate.com.au to see what type of ad other sellers are using, and then base your selection, so your property has equal / greater prominence than theirs.
Dependent on your bank or building society, mortgage discharge fees will range from $150 to $1,000. Contact your financial institution for more information.
Capital Gains Tax is not necessary if you live in the property you are selling. You can learn more by visiting the ATO’s website.
Renovations and repairs may not be necessary for your circumstances. The cost will depend on the condition and features of your property.
Save at least $200 to $1,000 for the cost of the auctioneer in Queensland if you are considering selling by auction.
Home staging expenses can quickly add up, so make sure you have some money set aside specifically for this purpose. You may be looking at somewhere in excess of $2,000, up to $8,000, depending on your style and choice of furniture.
Moving costs can vary from $500 up to $3000.
By now you should have a good idea of what you should expect when you’re looking to sell your property. To get a final figure, just use our costs of selling calculator below, which will let you tally up a total estimated cost of selling and see where you could save money.
The above prices are a general guide to inform you how much it is going to cost you to sell a home in Brisbane. This information is particularly helpful if you are a first-time buyer, so you have a better idea of your budget. Exactly how much it will cost to sell your house will be determined by chosen method of sale, agent and location.
Remember that it might not be in your best interests to opt for budget marketing plans or commission fees. Selling your house can be one of those times where you get what you pay for – agents might not work as hard for you if you’re paying them a lower commission rate for example. At Which Real Estate Agent, we can help you find agent commissions and top-performing agents – we do all the research for you.
The common costs in selling a property are; real estate agent fees and commissions, conveyancer or solicitor fees, marketing costs, mortgage discharge fees, capital gains tax, auctioneer costs and moving costs.
Commission rates for real estate agents vary state-to-state but generally agents will be paid 1-4% of the selling price as per their commission rate.
Real estate agencies will generally print brochures & signage as part of the marketing costs. Marketing costs will normally include digital marketing on sites like realestate.com or domain as well.
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