Buying guide

Real estate commission NZ: what to expect + tips on negotiating

Selling property isn’t cheap!

Ben Tutty
Last updated: 29 October 2024 | 5 min read
AI

AI summary

Understanding real estate commissions in NZ is crucial for sellers. Fees are typically a tiered percentage (e.g., 2.95%-3.95% on the first $500k) plus 15% GST, but are 100% negotiable.

Sellers can ask for lower rates or have marketing costs credited back. Be aware of extra costs not usually covered by the commission:

- Marketing (approx. $2,000+)

- Auctioneer fees (approx. $900)

- Admin fees

When choosing an agent, focus on their ability to achieve a higher sale price, not just the lowest fee.

How much are real estate fees in NZ?

Is real estate agent commission negotiable?

Examples of real estate commissions in NZ*

What does commission cover? And what’s not included?

Before you negotiate with buyers you should negotiate with your agent.

Is GST payable on agents commission?

How to find a good agent

Author

Ben Tutty Ben Tutty
Content Writer