1. What is QLD Real Estate Commission?

Real estate commission in Queensland is the fee paid to agents for facilitating property sales. It's typically a percentage of the sale price and varies based on property value, location, and agency.

2. How Commission is Calculated

The standard commission formula is:

Where:

• \( Sale\ Price \) — Final property sale price in AUD
• \( Commission\ Rate \) — Agreed percentage rate (typically 2-3%)

Note: Some agencies use tiered commission structures where the rate changes at certain price points.

3. Typical Commission Rates

Details: In Queensland, commission rates average:

• 2.5-3% for properties under $500,000
• 2-2.5% for properties $500,000-$1 million
• 1.5-2% for properties over $1 million

Plus GST in all cases.

4. Using the Calculator

Tips: Enter the property sale price in AUD and commission rate as a percentage (e.g., 2.5 for 2.5%). The default rate of 2.57% reflects the QLD average.

5. Frequently Asked Questions (FAQ)

Q1: Is commission negotiable in QLD?
A: Yes, commission rates are always negotiable between the seller and agent.

Q2: Does this include GST?
A: No, GST of 10% is typically added to the commission amount.

Q3: Are there fixed-fee alternatives?
A: Some discount agencies offer flat-fee services, but most traditional agents use percentage-based commissions.

Q4: When is commission paid?
A: Commission is paid at settlement from the sale proceeds.

Q5: What other costs are involved?
A: Additional costs may include marketing fees, auctioneer fees, and legal/conveyancing fees.