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 commission in NZ is key for sellers. Fees are typically a tiered percentage (2.95-3.95% on the first ~$500k, then 2-2.5% on the rest), plus 15% GST.

Importantly, agent commission is 100% negotiable. Sellers can ask for lower rates or for marketing costs to be credited back. Be aware of extra costs not covered by commission, including:

- Marketing

- Auctioneer fees

- Admin fees

Focus on an agent's value and experience, 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