The median house price in Darwin has decreased by 7.4% over the last year. The median house price sat at $565,696 in December 2017. (Source: Domain Group House Price Report, December 2017).
Property prices have eased in the Northern Territory’s capital city over the last year, but the market remains steady. There are hopes that a dip in house prices and further cuts to interest rates could lessen entry barriers into the property market.
While buyers are on the look out for properties with bonus lifestyle factors like schools and amenities close by, buyers are also buying for investment, looking for properties with good development potential.
What you need to know about real estate agent fees in Darwin
The average real estate agent fee in Darwin varies considerably depending on suburb and location. The average real estate agent commission fee in Darwin sits at 2.4%.
While lower real estate agent fees are generally noted in regions with high population density, close to metro city centres, rural areas with sparse populations further from city centres generally exhibit higher real estate agent fees. The best way to find out the average real estate agent commission rate in your area is by comparing quotes from a number of different agents. Agent fees vary for a number of reasons, including location, property type, whether or not an agent includes all services in the commission, and competitiveness of the local market. Find out more about real estate agent fees and commissions across Australia.
To determine the average commission by capital city, LocalAgentFinder took the average commission of all active agents in each city respectively on 21 March 2018. This included agents with tiered and fixed commission structures based on a $500,000 selling price.
This article was updated on 11th April 2018