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Home › Real Estate Agent Fees › Costs To Sell A Property in Perth [2024 Update + Calculator]
The costs of selling a property in Perth 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 Perth are:
The standard commission fee in Western Australia is 2.44%, although you can expect to pay a rate of anywhere up to 3.25%. We can help you with commission information in your area as well as introducing top agents.
Insiders tip: in the current subdued market, if you have a particularly desirable property, you may be able to secure very competitive rate from your local agent, as it should be easier to sell than others on their books.
Total Agent Commission
Just need a general idea of agents or the market at the moment? Have a look at our agent list and fees guide for Perth.
If you live in Perth or Western Australia, you can expect to pay between $700 and $1,300 on solicitor’s or conveyancer’s fees.
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.
You will need to pay between $400 and over $1000 to advertise a property online in Perth for 45 days. These marketing prices vary based on the prominence of the ads you would like placed. Near the city, these costs cover the range of online advertising tiers, from the low-tier ‘Feature’, roughly $900+ mid-tier ‘Highlight’ and highest tier ‘Premiere’. In other areas of Western Australia, Joondalup and Mandurah have online advertising costs of between $200 and $800.
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.
You will need to pay at least $150 for your mortgage fees depending on your financial institution. Fees can often be as much as $1,000.
Capital Gains Tax is not necessary if you live in the property. The ATO can advise you on the various methods to work out the exact tax you will need to file at the end of the tax year.
Your renovation and repair bill will depend on the age and the condition of your property.
If you wish to sell your house via auction in Western Australia, it can cost you between $200 and $1,000.
Home staging can enhance your property immeasurably. However, it can also set you back anywhere between $2,000 and $8,000.
Moving costs are one of those expenses that can range in price depending on your situation. Be prepared to pay somewhere around $500-$3,000.
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 Perth. 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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