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Agent Fees & Marketing Costs

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Property Value Estimate

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

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List of Top Balwyn 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 Balwyn below, so you can see what kind of difference an experienced agent makes.

In the past 12 months, Balwyn real estate agents have sold 692 properties. Houses in Balwyn spent 33 days on the market before selling and apartments 37 days. Most properties sold were houses.

We have prepared a shortlist of agents operating in Balwyn, 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 Balwyn 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

692

(12 Months to Mar 2024)
Different Agents Used

64

(Mar 2024)
Different Agencies Used

17

(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. units within a certain area, price bracket, and a ranking within their office. We do everything we can to identify these agents for you.

We've crunched the numbers on properties sold in Balwyn 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.

Balwyn Agents That Sell For Higher Prices

Suburb Avg.
$2,688,365
Top 3 Agents
$4,557,333

Top agents achieved 1.7x higher prices than the suburb average.

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

Balwyn Agents That Sell Faster

Suburb Avg.
52 Days
Top 3 Agents
27 Days

The top 3 agents in Balwyn sell 1.9x 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.

Balwyn Agents With The Most Experience

Suburb Avg.
1
Top 3 Agents
6

Top agents achieved 6.0x more sales than the suburb average.

Good real estate agents have a sales record that includes sales in suburbs surrounding Balwyn. You need to find a top agent with sales histories and expertise handling similar properties to yours in or near Balwyn.

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 Balwyn 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 Balwyn area from our agent comparison tool to sell confidently.

Balwyn 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 Balwyn average around 1.9%.

The commission rate in Balwyn 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%
Balwyn 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 Balwyn IN 2024?

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

The average houses growth in Balwyn has risen to 4.6% 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 Balwyn houses over the last year has been above the ten year annual growth rate, coming in at 8.6% for houses (compared to the 10 year average, 4.6%).

Units/apartment values over the past 12 months in Balwyn have grown higher for 10.2%, compared to the 10 year average, 6.2%.

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 Balwyn. To accurately estimate the value of your Balwyn 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 Balwyn local amenities is something that rarely changes. If your property is within walking/driving distance to Balwyn 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 Balwyn HOUSE?

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

It’s a good idea to start with some independent research, before committing to selling your Balwyn property. Start by looking at property market statistics which will give you an idea of property values and price trends. Speak with a few agents to see what they think of your property, and how to best market and sell your home.

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 Balwyn?

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 Balwyn 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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Balwyn Suburb Overview

Balwyn is a suburb of Melbourne, Victoria, Australia, 10 km east from Melbourne’s Central Business District. Its Local Government Area is the City of Boroondara. At the 2011 Census, Balwyn had a population of 12,944.

The south west part of the suburb was excised as the suburb of Deepdene in 2010.

Balwyn in the north is separated from Balwyn North by Belmore Road, bounded in the west by Burke Road, in the south by an irregular line along Mont Albert Road, Northcote Avenue and Whitehorse Road and in the east by a line some distance to the east of Union Road.

Whitehorse Road runs east-west along the ridgeline through the centre of Balwyn. Balwyn Road runs north-south from Koonung Creek Reserve to Canterbury Road. The main shopping precinct is near the intersection of these roads.

Balwyn was part of Henry Elgar’s Special Survey of 8 square miles in 1841, which was subdivided into small farms and grazing runs.

In the late 1850s Andrew Murray, commercial editor and political writer for The Argus newspaper, bought land on the hill overlooking Canterbury Gardens. He named his house Balwyn from the Gaelic bal and the Saxon wyn, meaning ‘the home of the vine’. Balwyn Road and the district were named after it. The house was located on the site that is now part of Fintona Girls’ School.

In 1868 the Balwyn Primary School was opened in Balwyn Road, about 100 metres north of Whitehorse Road. It was moved to the present site, south of Whitehorse Road, in 1880, opposite Murray’s property. Balwyn’s first town centre was near the intersection of Balwyn and Whitehorse Roads, containing a few shops, a blacksmith and the athenaeum or mechanics’ institute. Anglican services began in 1868 and the St. Barnabas church, Balwyn Road, was opened in 1872.

Balwyn Post Office first opened on 26 August 1874, in a rural area, closed in 1894, then reopened in 1920. It will face a second closure on 11 February 2011 due to hardships in renewing rental agreement and relocating to nearby locations.

The Outer Circle railway line, with a station at Deepdene, opened in 1891, was closed in 1893, re-opened in 1900 then finally closed to passenger traffic in 1927.

The electric tram system was extended along Cotham Road to terminate at Burke Road, Deepdene, on 30 May 1913. The line was extended along Whitehorse Road, through Balwyn to terminate at Union Road, Mont Albert, on 30 September 1916.

The Balwyn Cinema, currently operated by Palace Cinemas, first opened as a single screen theatre in 1930. It was later converted into a multiplex in the 1990s, but the foyer was recently restored, uncovering the original 1930’s tiled floor. It currently also serves as the head office of Palace Cinemas.

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