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How much does a buyer's agent cost?

Quick answer

Buyer's agent fees usually start at around 1% of the purchase price, or a fixed fee, and vary with the level of service. The right agent typically saves you more in negotiation than they cost.

As a property purchaser, you want to be confident you're getting appropriate service at a reasonable cost. Buyer's agent fees in Australia usually start at around one percent of the purchase price and vary depending on the extent of services you need.

Common fee structures

There's no single model, most agents use one of these:

  • Percentage fee, typically from ~1% of the purchase price, scaling with property value.
  • Fixed fee, a set amount agreed up front regardless of price, common for transparency.
  • Engagement / retainer, an initial fee to begin the search, deducted from the final fee.
  • À la carte, pay only for a single service, such as auction bidding or appraisal.

Is it worth the fee?

A skilled buyer's agent earns their fee three ways: by paying the right price (not the emotional price), by accessing off-market stock you'd never find, and by saving you weeks of time and stress. On a typical purchase, disciplined negotiation alone often covers the cost.

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