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 NZ real estate fees is key for sellers. Commissions are typically a tiered percentage (e.g., 3.95% on the first $500k, then 2% above) plus 15% GST.

These fees are fully negotiable; you can request a lower rate or have marketing costs credited back. Be aware of extra costs not covered by the commission:

- Marketing (~$2,000+)

- Auctioneer fees (~$900)

- Admin fees

When choosing an agent, prioritise experience and results over the lowest fee for the best net outcome.

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