Real Estate Agents In Adelaide


Searching for an agent in Adelaide? Below are the top agencies and agents active in Adelaide, plus some agent statistics and important updates to keep you informed on the current market.

For most people your home represents your largest asset, and maximising its sale price can result in a significant boost to retirement, another payment on the mortgage or just good peace of mind.

When looking to start the process of selling your property, it’s important to find a real estate agent who has years of experience and local property knowledge that will allow them to drive up the final price on your property. With almost 3,000 agents working in Adelaide, it can be a daunting task knowing where to begin.

Not only is agent selection important, but so is knowing the current market in Adelaide, which we will give an overview on below.

To get an expert opinion on what’s happening in your suburb and to compare and connect with your top local agents – click here.

Agents In Adelaide

2,713

(April 2019)

Properties For Sale

8,745

(April 2019)

Change in Number Sold

-0.5%

(Year to April 2019)

Real Estate Agencies In Adelaide

There are almost 800 agencies currently operating in Adelaide, including everything from well-known franchise brands to lesser-known independent agencies. Their local experience, service offerings and agent training can vary dramatically. If you want an agent that is suited to sell your property, it is important you speak with agents from 2 or 3 agencies to understand the differences in experience, service and cost.

Below is our list of the top-selling agencies located in Adelaide. To generate this ranking, we looked at the total value of sales conducted by each agency over the past 12 months. This doesn’t automatically mean they’re the best for your property! To see who else is experienced in your area, click here.

Best Real Estate Agents In Adelaide

Individual agent performance within an agency can vary significantly. Most agents have a core focus (e.g. apartments within a particular postcode) and even if you are set on the agency you would like to use, it’s just as important to ensure that you select the individual agent that is most-suited to sell your property.

Some things to keep in mind: the agent should be focused on selling property in your suburb, experienced at selling homes like yours, have a track record of successful negotiations and have character traits that work well with you and prospective buyers.

Below is a list of the top-selling individual agents located in Adelaide. To generate this ranking, we examined volume of sales conducted in the 2018 calendar year by each individual agent.

To start to create your shortlist of top agents in your area, click here.

Top 3 Agent Performance Statistics

There is an incredible amount of data on the property market in Adelaide. Forecasts can change daily as banks and legislation make their moves.

We’ve simplified things down and believe there are 3 key metrics that give the best measure on the market in Adelaide.  They are:

  1. How many listed properties are actually selling (a rough indicator is auction clearance rates),
  2. How long it is taking for them to sell (days on market) and finally,
  3. How much of a vendor discount is required to secure a sale.

Current CoreLogic data on these three areas is outlined below and compares Adelaide with the rest of the country.

Days on Market

For properties in Adelaide, the time on market has remained largely unchanged since 2018. In February 2019, properties in Adelaide were spending 49 days on average on the market. In February 2018, they were listed for an average of 47 days.

Corelogic – Property market chart pack  Median vendor discount Feb-18 vs Feb-19  

Vendor Discounting

In a buyer’s market, vendors will discount their properties more to secure a sale. In February 2019, properties in Adelaide were generally discounted by around 5.1% before selling. In a testament to its steady market, properties typically an average 4.9% discount was required in February 2018 for a sale.

Corelogic – Property market chart pack  Median vendor discount Feb-18 vs Feb-19  

Auction Clearance Rates Adelaide

As a smaller market, Adelaide’s auction clearance rates can be more volatile than other capital cities, but trends can still be analysed. Since the beginning of the year, auction clearance rates peaks were lower than 70%. However, these are high clearance rates for an Australian capital city and there are signs of recovery as the market stabilises.

Property Market Trends – Adelaide

We believe that selecting an agent inexperienced at selling property like yours can cost you tens of thousands of dollars. However, we are the first to admit that there are some things that an agent can’t control.

Depending on your circumstances, broader market factors could be affecting when and how you should be selling your property for the best result.

We’ve looked through CoreLogic’s data, one of Australia’s leading property data providers, to give you these property market data insights.

CoreLogic Index Price Changes

Source: CoreLogic, updated daily, 24th May 2019

CoreLogic also produce small monthly update videos for each capital city’s property market. We’ve placed the latest Adelaide housing market update below.

Real Estate Agent Fees Adelaide

When you’ve decided on your agent and understand the market you’re about to sell into, you need to also understand how much it will cost to advertise and fulfill your legal obligations.

The main costs when selling a property in Adelaide are:

  1. Marketing Costs: advertising fees are usually paid up-front, but it can be negotiable based on your personal situation. Just to advertise your property online, expect to pay $200 at the cheapest and $400-$1000+ for premium advertising tiers, which involve extra photo slots and larger ads. Don’t forget that online advertising is just one part of marketing your property. Remember to factor in fees for the auctioneer, newspapers, photography and even the signboard out front.
  2. Agent Commission: this should be discussed as soon as possible, but is agreed upon at the time of agent appointment and paid upon settlement. Agent fees in Adelaide generally range between 2% to 3%, depending on location, property value and commission structure.  If you would like to see average fees per postcode, look here. Remember, fees vary by postcode. For example, we’ve observed in the past that Kent Town agents charge under 2% on average, but an agent in Prospect may charge around 2.2%.
  3. Conveyancing/Solicitor fees: conveyancers prepare the contract for sale and manage the settlement process. Conveyancing fees in Adelaide usually range between $700 to $1300. The final amount will depend on whether you hire a conveyancer or solicitor, and if they have to conduct additional searches.

We are believers in ‘you get what you pay for’. If you skimp on marketing, fewer people will see your property and it will be harder for the agent to create competition amongst buyers. You may get lucky with a generous buyer, but why gamble on one of your biggest assets?

As for the commission, we agree that you should negotiate. Talking to two or three agents will help you understand what a reasonable commission to pay for the sale of your home is.

One question to ask yourself though,

“Can you be confident that the agent who dropped their commission to secure your listing will be best-equipped to negotiate seriously with the buyer?”

For further information see our article on fees and commissions in South Australia.

Real Estate In Adelaide

Adelaide is the capital city of South Australia. It is known as the city of churches and the city of festivals, but is equally well-known for its beaches and proximity to world-famous wineries. It is consistently ranked highly in livability indexes and continues to grow as a target for real estate investment.

As a target for real estate investment and affordability, Adelaide has historically been affordable but slow in property value growth, largely unaffected by volatility in the national markets. High property prices are found in areas close to the city, especially on the eastern side of Adelaide, owing to their proximity to private schools and to the prestigious, older-style housing in these suburbs.

Like many other large cities in Adelaide, a river runs through the city. The Karrawirra Parri (or River Torrens) splits the main city sector from the North Adelaide area. Adelaide is a sprawling city, stretching from McLaren Vale in the south to Elizabeth in the north. The Adelaide Hills to the east are less densely populated and cover the mountainous areas. Port Adelaide and Westlakes, north-west of the CBD, are famous for their lake-side views.

With a property market that slowly ticks upwards, it’s important your agent knows their property values and can negotiate for that little bit of extra value. If you need help finding a capable agent in Adelaide or South Australian area, start your journey here by comparing agents.

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