1. What is NSW Real Estate Commission?

The NSW real estate commission is typically calculated as a percentage of the sale price, with tiered rates that decrease as the property value increases. This structure incentivizes agents while ensuring fair compensation.

2. How Does the Calculator Work?

The calculator uses the tiered commission formula:

Where:

• \( Sale\ Price \) — The property sale price in AUD
• \( Tiered\ Rate \) — Varies based on price bracket

Standard NSW Commission Rates:

• Up to $200,000: 5%
• $200,001-$500,000: 4%
• $500,001-$1,000,000: 3%
• Over $1,000,000: 2.5%

3. Importance of Commission Calculation

Details: Accurate commission calculation helps sellers understand costs, negotiate agent fees, and budget for property sales. It's essential for financial planning when selling property.

4. Using the Calculator

Tips: Enter the expected sale price in AUD and select the appropriate price tier. The calculator will apply the standard NSW commission rate for that tier.

5. Frequently Asked Questions (FAQ)

Q1: Are these rates fixed by law?
A: No, commission rates are negotiable between seller and agent. These are typical market rates in NSW.

Q2: Does GST apply to commissions?
A: Yes, GST of 10% is typically added to the commission amount.

Q3: Are there other fees besides commission?
A: Yes, marketing costs, administrative fees, and auctioneer fees may apply depending on the agreement.

Q4: Can I negotiate a flat fee instead?
A: Some agents offer flat fee services, especially for lower-priced properties.

Q5: How does this compare to other states?
A: NSW rates are generally comparable to other states, though Victoria tends to have slightly lower average rates.