Marketing campaigns, agent commission, taxes... there's a lot to consider when it comes to the cost of selling your home. We've laid out the main expenses for you, so you can stay on track, and on budget.
The information contained in this article is intended to be of a general nature only. It has been prepared without taking into account any person’s objectives, financial situation or needs. NAB does not guarantee the accuracy or reliability of any information in this article which is stated or provided by a third party. Before acting on this information, NAB recommends that you consider whether it is appropriate for your circumstances. NAB is not providing any legal, financial or tax advice in this article. You should seek independent legal, financial, and taxation advice before acting on any information in this article, and speak to a specialist banker who can help you choose a loan that suits you.
Infographic sources 1. openagent.com.au, Full service versus hybrid or online real estate agents - September 1, 2016 (updated on November 4, 2017). Note: Full service - $11,000 commission. Hybrid - Purple Bricks launch pricing in Australia
2. whichrealestateagent.com.au, Real estate agent costs you should be aware of 3. whichrealestateagent.com.au, Tasmania's real estate agents fees and commissions. Note: Tasmania has a published commission scale guideline which agents can or cannot choose to follow, but most do. 4. whichrealestateagent.com.au, Real estate agent fees and commissions, QLD. Note: Real estate agent commissions were deregulated in Queensland late 2014. The law no longer caps the amount of commission an agent can charge for residential or rural property transactions. 5. openagent.com.au, How much does it cost to advertise and market a property? - October 20, 2016 (updated on January 18, 2018). 6. openagent.com.au, "Marketing when selling your home: how much should you spend?", by Johanna Seton. 7. whichrealestateagent.com.au, What are the costs of selling a property in Australia? - October 23, 2017. Note: Conveyancing - disbursements such as title searches, stamp duty and land tax may be charged over and above this fee. 8. NAB mortgage discharge fee. - "A Guide to Fees and Charges - personal banking fees", NAB, 7 May 2018