Real Estate Commissions in VIC

Are you planning to sell your property in Victoria and wondering how much you will pay in real estate commissions? Many homeowners are surprised when they calculate the true cost of using a real estate agent, especially in a market like Victoria where property values can be high, and commission rates may take a large slice of your final sale price. If you want to save thousands while still achieving a great result, it is worth exploring how you can sell your property yourself using Realty Network and avoid these hefty fees.

What Is the Standard Real Estate Commission Rate in Victoria?

In Victoria, the average real estate commission rate typically ranges between 1.6% and 2.5% depending on the location, the property’s value, and the agency you use. In Melbourne, where the median house price continues to remain around the million-dollar mark in many suburbs, real estate agents often charge between 1.6% and 2.2%. This may sound like a small percentage, but when you apply it to your sale price, it adds up quickly.

In regional areas like Geelong, Ballarat, Bendigo, and the Mornington Peninsula, agents may charge between 2% and 2.5% because property values can vary, and agents often increase their rates in areas where properties sell for less to maintain their earnings.

Examples of Commission Costs Across Victoria

To give you a clearer picture of how much these commissions can cost you, here are some examples:

• If you sell a home in Melbourne for $1,100,000 at a 2% commission, you will pay $22,000 in commission fees.
• If you sell a townhouse in Richmond for $850,000 at a 2% commission, that will cost you $17,000 in commissions.
• If you sell a unit in Geelong for $650,000 with a 2.2% commission, you will pay $14,300 in commission fees.
• If you sell a family home in Ballarat for $550,000 with a 2.4% commission, that will cost you $13,200 in commissions.
• If you sell a property in Bendigo for $480,000 at a 2.5% commission, you will pay $12,000 in commissions.

These figures do not include the additional marketing fees that many agents charge, which can range from $2,000 to $5,000 depending on the advertising package, professional photography, premium listings on property websites, and other promotional expenses.

Why Do Agents Charge These Commissions?

Real estate agents justify their commissions by highlighting the services they provide, such as preparing the listing, handling photography, arranging open inspections, negotiating with buyers, and managing the sale paperwork. While these services are helpful, they come at a high cost. With today’s technology and platforms like Realty Network, you can handle these tasks yourself while saving a significant amount of money.

How Much Can You Save By Selling Yourself?

If you sell a $1,000,000 property yourself, you could save around $20,000 by not paying agent commissions. If you are selling a $700,000 property, you could save $14,000, and if your property sells for $500,000, you could save around $10,000 to $12,000 depending on your location and the typical commission in that area.

This money can be used towards your next deposit, renovations in your new home, paying down your mortgage, or even a well-earned holiday after the sale process is complete.

Why More Victorians Are Choosing to Sell Without an Agent

Across Melbourne and regional Victoria, more homeowners are realising that they do not need to use an agent to sell their property successfully. Selling privately allows you to:

• Save thousands in commissions.
• Retain full control over your sale process.
• Communicate directly with buyers.
• Negotiate confidently without a middleman.
• Make adjustments to your listing whenever you choose.

The growing popularity of selling without an agent is driven by homeowners who want to protect their equity, keep their profits, and manage their sale in a more transparent way.

What Is Realty Network?

Realty Network is a leading private sale platform in Australia designed to help you sell your property without using a traditional real estate agent. You can list your property on major property portals like realestate.com.au and domain.com.au while maintaining full control of your sale.

You can choose to use Realty Network to list your property, manage buyer enquiries, organise inspections, and negotiate directly with buyers. Realty Network offers packages with clear, upfront pricing so you can avoid the uncertainty of percentage-based commissions.

How Realty Network Helps You Sell Without Paying Commission

When you use Realty Network, you get access to:

• Professional listing tools to showcase your property effectively.
• Access to Australia’s largest property websites for maximum exposure.
• Optional professional photography and marketing upgrades.
• Guidance on how to handle enquiries and inspections.
• Templates for contracts and negotiations.
• Clear support from Realty Network throughout your sale process.

Does Selling Without an Agent Impact the Sale Price?

A common concern among sellers is whether selling privately will result in a lower sale price. The reality is that buyers are looking for properties that suit their needs, and they do not mind whether you are selling through an agent or directly. By pricing your property correctly, presenting it well, and marketing it on the right platforms, you can achieve a sale price that is comparable to using an agent while saving thousands in commissions.

Marketing Your Property Without an Agent

Realty Network offers marketing packages that help you present your property professionally. You can choose to include professional photography, floor plans, premium listing placements, and social media advertising if you wish to enhance your property’s exposure. The benefit of using Realty Network is that you only pay for the marketing you want, without being locked into expensive campaigns that agents often require.

Case Studies: Victorians Selling with Realty Network

Here are some examples of sellers across Victoria who have successfully sold using Realty Network:

• Emily in Melbourne’s Inner North sold her two-bedroom unit for $880,000 and saved around $17,600 by selling herself using Realty Network.
• Michael and Sarah in Geelong sold their family home for $720,000, saving over $14,000 in commission fees while managing their sale with Realty Network’s guidance.
• David in Ballarat sold his investment property for $540,000, saving over $12,000, which he used to pay off debts and reinvest.
• Lisa on the Mornington Peninsula sold her holiday home for $950,000, saving $19,000 by managing the sale privately using Realty Network.

These real-world examples show how homeowners are taking control of their sales while saving money.

The Steps to Selling Privately with Realty Network

Selling your property with Realty Network is simple:

• Sign up and select your listing package.
• Create your listing with professional photos and a compelling description.
• List your property on realestate.com.au and domain.com.au.
• Receive enquiries directly and organise inspections at your convenience.
• Negotiate directly with buyers to secure the best deal.
• Access Realty Network’s support whenever you need guidance.

Who Benefits Most from Selling Without an Agent?

Homeowners who benefit the most from selling privately include:

• First-home buyers upgrading to a larger home who want to maximise their equity.
• Downsizers looking to protect their nest egg.
• Investors who want to keep their profits intact when cashing out.
• Homeowners with an understanding of their local market who want to manage their sale confidently.

If you are comfortable managing your sale and want to save money, Realty Network is a perfect solution.

Legal Considerations When Selling Privately in Victoria

It is completely legal to sell your own property in Victoria without an agent, provided you comply with disclosure requirements and use the correct contracts. Realty Network can provide you with resources and templates to help you manage your sale in compliance with Victorian property laws, ensuring a smooth transaction from listing to settlement.

Financial Comparison: Selling with an Agent vs Selling with Realty Network

To highlight the potential savings, here are some financial comparisons:

• Melbourne Sale: Selling a $1,100,000 home with an agent at 2% would cost you $22,000 in commissions. Using Realty Network, your cost may be around $1,000 to $1,500 depending on your chosen package, saving you over $20,000.
• Geelong Sale: Selling a $700,000 property with an agent at 2.2% would cost $15,400. With Realty Network, you could save over $14,000.
• Ballarat Sale: Selling a $550,000 home with a 2.4% commission would cost you $13,200. Using Realty Network, you could save over $12,000 while managing your sale easily.

Realty Network: A Smart Choice for Victorian Sellers

Realty Network is becoming increasingly popular across Victoria as homeowners realise they can sell their property themselves without compromising on price while saving thousands in commission fees. By using Realty Network, you will benefit from:

• Complete control over your sale process.
• Direct communication with buyers.
• Significant savings on agent commissions.
• Professional marketing options when you need them.
• Access to support and resources throughout your sale.

Take Control of Your Property Sale Today

If you are ready to save money, retain control over your sale, and achieve a successful property transaction, Realty Network is here to support you every step of the way. Whether you are selling in Melbourne, Geelong, Ballarat, Bendigo, the Mornington Peninsula, or anywhere in Victoria, Realty Network will help you reach buyers while keeping more of your hard-earned money.

Conclusion: Protect Your Profit When Selling Your Property in Victoria

Real estate commissions in Victoria can take a significant portion of your sale proceeds, reducing the equity you have worked hard to build. By using Realty Network to sell your property privately, you can avoid paying these high commissions while maintaining control and achieving a strong sale result.

It is your property and your money, so take the opportunity to protect your profit and sell on your terms with Realty Network today.