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Agent Fees & Marketing Costs

Instantly see average agent fees in Magnetic Island & marketing costs.

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Property Value Estimate

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

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

The Magnetic Island property market is smaller than average, there were 0 properties sold in the past 12 months.

We have compiled a list of agents that are based in Magnetic Island. It's important to understand that each individual agent has a differing amount of experience and skills, even those working under the same agency. Finding the best real estate agent ensures that you have the necessary resources to sell your property for more and for less hassle.

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 Magnetic Island 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.

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.

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 Magnetic Island 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 Magnetic Island area from our agent comparison tool to sell confidently.

Magnetic Island is one of the more expensive suburbs in Australia when it comes to real estate agent commission rates. Experience has shown us that real estate agent commission rates in Magnetic Island average around 3%.

Compared to other areas in Australia, the commission rate in Magnetic Island is higher - remember that you can negotiate with your real estate agent about their fees and commissions, as well as inclusions on marketing fees.

3%
Magnetic Island 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 Queensland. 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 Magnetic Island IN 2024?

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

Our data suggests that there has been little movement or insufficient data to evaluate property value changes over the past 10 years.

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

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

Initially, you should look at the Magnetic Island 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.

Making mistakes at this stage could cost you a lot of time and money. Hiring an experienced local real estate agent betters your chances of a hassle-free selling process that ends in a good result for you.

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 Magnetic Island?

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 Magnetic Island 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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Magnetic Island Suburb Overview

Magnetic Island is an island 8 kilometres offshore from the city of Townsville, Queensland, Australia. This 52 km 2 mountainous island in Cleveland Bay has effectively become a suburb of Townsville, with 2,107 permanent residents. The island is accessible from Townsville Breakwater to Nelly Bay Harbour by ferry. There is a large 27 km 2 National Park and bird sanctuary and walking tracks can be taken between the populated bays and to a number of tourist destinations such as the World War II forts.

The island has long become established as a holiday destination with many hotels and several resorts in operation to cater for all levels of service. The public facilities and infrastructure on the island are managed by the Townsville City Council. The island is part of the electoral district of Townsville in the Legislative Assembly of Queensland. The island is also part of the Federal seat of Herbert, which is represented by Ewen Jones.

The name of the island came about because of the apparent “magnetic” effect it had on the ship’s compass of Captain Cook as he passed the island when sailing up the east coast of Australia in 1770. People have since explored the general area of Magnetic Island with various instruments to discover what might have caused the effect that Cook reported, but nothing has been discovered.

The island is a haven for wildlife. 54% of the island is Magnetic Island National Park, which is mostly located on the steep hilly interior and rugged north-western side. The highest point on the island is Mount Cook reaching 497 m above sea level.

Magnetic Island is famous for its angling opportunities. Fish around the island include: Blue and Black Marlin, Sailfish, Mackerel, Wahoo, Giant Trevally, Dogtooth Tuna, Coral Trout, Mahi Mahi, Tuna, Red Emperor and Sea Perch.

The pressure of coastal development has, in recent years, begun to make a significant impact on the island, which lies in the World Heritage listed Great Barrier Reef Marine Park. At present many millions of dollars in development are planned for the island and the impact of these has led to considerable opposition from some residents who fear the effects this development will have on the environmental values of Magnetic’s lowlands which are not protected by the national park;these areas represent only 20% of the whole island, and of this 20%, most is freehold land and is already developed.

Yunbenun, as Magnetic Island was known by the island’s traditional inhabitants, had a semi-permanent population of Australian Aborigines well before European exploration of the area. These populations were known to have permanent camps at a number of bays, and had the ability to travel to the mainland using canoes. A number of Aboriginal burial sites are known to exist on the island, but have so far not been discovered by European development or exploration of the island. Aboriginal middens and cave drawings can still be found in a number of bays around Magnetic Island. Folklore of the Wulguru tribe, who inhabited the island, recounts a long history of inhabitation and annual migration to the mainland to avoid the traveling tribes from Papua New Guinea and the Torres Strait, who used the northern trade winds to travel south from their native lands in order to head-hunt indigenous tribes along the northern coasts of Australia. This head-hunting activity near-ceased following the arrival of missionaries, led by Samual MacFarlane to the Torres Straits in 1871.

The first European accounts of the island come from Captain James Cook who, in 1770, while navigating the Australian coast, called the island Magnetical Island, as a magnetic pull interfering with his vessel’s compass appeared to emanate from the island. J.M. Black, funded by Robert Towns, founded the township of Townsville on the mainland nearby. As Townsville developed though the mid-19th century, Magnetic Island became a valuable location for the gathering of hoop pine and granite, the latter of which was used in the reclamation of land for the Port of Townsville, and for construction of Townsville’s Customs House.

Picnic Bay was named after its popularity as a picnic spot for European tourists from the mainland during the 19th century, before Magnetic Island was first inhabited by Europeans. In the mid-19th century the island became a popular location for the collection of stone and coral needed for development on the mainland. In 1875 the island was set aside as a quarantine station although it took another ten years for the proper facilities to be set up at West Point.

By 1890 a resort had been started in Picnic Bay. In 1898 Robert Hayles Sn. was so impressed by the potential of Magnetic Island he sold his other interests to build a resort on the island. Hayles was responsible for much of the development of Magnetic Island through tourism. In 1901 he started a regular ferry service to the island with his ship the Bee. Twelve months later this ship was wrecked on the rocks at Nobby Head, Picnic Bay and the Phoenix was built by Hayles’ sons to replace the vessel. The Hayles company remained operating services to Magnetic Island with a large number of different vessels until the 1970s.

Magnetic Island became an important defensive position during World War II due to its proximity to Townsville, an important military base, and its views over Cleveland Bay, a significant anchorage and assembly point for large fleets and convoys operating in the south Pacific. As such, the Magnetic Battery, an artillery battery and observation post, was built in the hinterland of Florence, Horseshoe and Arthur Bays. Picnic Bay also became a popular defence force rest and relaxation camp following the commandeering of a resort in the bay in 1939.

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