Get the Brisbane property you want at a competitive price with help from an experienced buyer’s agent.
A relaxed lifestyle, a vibrant nightlife, family-friendly living and much cheaper house prices than some other Australian state capitals – life in Brisbane certainly has a lot to recommend it. But with Brisbane’s population now at more than 2.3 million, the property market is becoming increasingly competitive.
To help you find the right home at the right price, you might want to consider enlisting the services of a buyer’s agent. With a detailed knowledge of the local property market and how to secure a great deal, a good buyer’s agent can help you negotiate the best price on your dream home or investment property. Here’s how you can find the right buyer’s agent in Brisbane.
How do I choose a buyer’s agent?
The right buyer’s agent could help you find the ideal home and save tens of thousands of dollars off the purchase price, so it’s essential that you consider a wide range of options before choosing just one agent. Look for an agent that comes highly recommended, communicates well, and has plenty of experience in the markets where you want to buy.
What are the typical fees for using a buyer's agent?
The cost of a buyer’s agent in Brisbane can vary, based on the agent you choose and their pricing structure:
- Some agents charge a flat fee, which typically ranges from $5,000 or $6,000 up to around $15,000.
- Other agents charge a fee calculated as a percentage of the purchase price. This typically ranges from 1% to 3%. Assuming you had a $500,000 purchase price and an agent charging a 2% commission, that works out to a buyer’s agent fee of $10,000.
It’s also important to be aware of when these fees must be paid. While the bulk of the fee is usually payable once you have purchased a property, many agents will also charge an upfront fee when you first engage their services.
Read on to learn more about the typical costs involved with using a buyer's agent
Buying a property in Brisbane: what will it cost?
As at 31 March 2017, the median cost of buying a property in Brisbane was $480,000. This represents a year-on-year increase in dwelling values of 3.7% and makes Brisbane Australia’s fifth most expensive capital city (after Sydney, Melbourne, Canberra and Darwin).
When you take into account the rising cost of Brisbane homes and the increasingly competitive property market, comparing buyer’s agents makes good financial sense. Not only can a buyer’s agent help you get the jump on other buyers, but they can also help you negotiate the best price.
Popular suburbs in Brisbane to buy property in 2017
Median sales price: $1.2 million
A prestige suburb on the shores of the Brisbane River and close to the CBD and a wide range of entertainment options, Hawthorne is always popular with property buyers. In the past 12 months, the median sales price in Hawthorne has increased 13.2% to $1.2 million.
Median sales price: $821,500
With strong infrastructure and easy access to sought-after schools and the University of Queensland, Toowong is another popular suburb with buyers. Its median dwelling price is $821,500, a figure which has increased 3.3% in the past year.
Median sales price: $415,000
This family-friendly suburb has a beautiful beachside location and affordable housing options. Its median sales price of $415,000 has increased by 5.3% in the past 12 months.
Median sales price: $523,000
Located 9km to the northwest of the Brisbane CBD, Keperra is a family-friendly suburb prized for its affordable housing options and close proximity to the city centre. Its median sales price of $523,000 has jumped 9.9% in the past 12 months.
Median sales price: $431,000
A hilly suburb in Brisbane’s inner north, Kelvin Grove is located just 3km from the CBD and boasts a mix of traditional Queenslander homes and modern apartment blocks. Its median sales price is $431,000.