Real estate in Sydney

Real Estate Agents in Sydney

When it comes to buying or selling a property in Sydney, having the help of a trustworthy and experienced real estate agent will make the process easier. Finding the best real estate agent in Sydney means looking for agents with certain characteristics. This will ensure you have the greatest chance of finding an agent who is great at what they do. There are over 13476 agents in over 4871 agencies in Sydney. Mosman is one of the most popular suburbs in the city with competition between over 439 agents, this represents a significant portion of the 53333 properties sold every year in Sydney.

consumer sentiment sydney real estate

Sydney OpenAgent Seller Sentiment

The cooling Sydney market has clearly impacted seller confidence with Q2 2018 sentiment scores recording the largest quarterly drop in 2 years down from +3.1 to +1.1. This is a sharp comparison to the strong index value of +6.6 in January last year.

When looking at specific geographical areas of Sydney and surrounding regions including Newcastle/Central Coast and the Wollongong/Illawarra, interesting trends have been noted. The most dramatic drop in quarterly sentiment this year is seen in South Sydney plunging from +3.1 in Q1 to -0.1 in Q2. North Sydney has also experienced a significant decline in index value tumbling from +2.3 in January to +0.3 in April.

Interestingly, as sentiment values dropped throughout Sydney, the surrounding regions of Newcastle/Central Coast and Wollongong/Illawarra concluded last year with higher sentiment scores than any other area in Sydney.

While the sentiment in these regions are more promising than those is Sydney, the Q2 2018 index values forecast that the cooling of the Sydney market will most likely have a knock on effect to these areas.

Read the full report

Real estate agent fees in Sydney

When you sell a property, you face many fees you might not think about. Real estate agents often charge a fee for marketing and advertising. The cost will vary according to the amount of advertising you want to do. This is one thing you generally don't want to skimp on. The greater the advertising reach, the greater your chances are of selling your house more quickly and for a higher price.

It’s important to note that real estate commissions are not regulated. In Sydney and other metropolitan areas, commissions usually range between 1.4 and 2.5%. In inner city areas of Sydney, commissions usually range between 1.4 and 2.5%.

For example: the Glebe commissions average is 2.15%; in Surry Hills, the average is 1.97%; Commissions in Woollahra average around 1.95% and in St Leonards commissions average around 2.02% Some Sydney real estate agents will also offer tiered commission rates. In this case, the agent will set an upper limit for a lower commission and charge a higher commission for amounts over that amount.

For example, if their lower limit is $500,000, they may charge 2.0%. If your house sells for $520,000, they may charge 10% on the extra $20,000. Note that it’s entirely reasonable to negotiate when it comes to commission rates and other fees, so do your research. This way, when you start meeting with Sydney real estate agents, you’ll be able to compare them like for like.

USEFUL RESOURCES

Top real estate agents in Sydney

More than 53333 recently sold properties in Sydney are evaluated by OpenAgent to identify the Sydney’s top real estate agents. In Sydney, OpenAgent has over 20873 reviews on 1822 agents, helping you to make the most informed choice when choosing a real estate agent to sell your home.

See Sydney’s award-winning agents below, who are the recipients of OpenAgent’s Home Sellers Choice Awards. They have been recognised for providing outstanding customer service and achieving great results for vendors.

Penny Stylianou recently sold a 3 bedroom house at 12 Moomin Street, NSW 2147 Lalor Park

Tim Ferguson recently sold a 4 bedroom house at 8 Plymouth Boulevarde, NSW 2570 Spring Farm

Steven Fan recently sold a 2 bedroom apartment at 199/13-15 Hassall Street, NSW 2150 Parramatta

Joseph Vella recently sold a 2 bedroom house at 142 Stafford Street, NSW 2750 Penrith

Jay Bacani recently sold a 4 bedroom house at 19 Munro Street, NSW 2153 Baulkham Hills

Nick Makrinakis recently sold a 4 bedroom house at 8 Harrier Avenue, NSW 2168 Green Valley

See all winners

Sydney property market

Sydney’s property market is renowned for being one of the most active real estate markets in Australia. With a population of over 5 million people and having the largest economy in the country, it’s not hard to see why. Sydney has seen strong property price increases since 1998, with house prices almost doubling in some areas since 2009.

This was driven by a number of factors, including historically low interest rates, greater availability of credit due to financial deregulation, continued high levels of population growth, negative gearing and capital gain discounts.

Due to the property boom in Sydney, commuter towns outside of Sydney have also seen healthy price increases. Prices in Sydney are now beginning to slow.

What’s it like living in Sydney?

There’s no doubt about it, fly in over Sydney in an airplane and you’ll be gobsmacked by just how lush and beautiful this city is. Centred around a glistening blue harbour and surrounded by numerous national parks and beaches, Sydney is the outdoorsy person’s paradise, and it’s bustling CBD driven by a strong economy makes it a haven for those who like to live life at more of an accelerated pace.

Whether you’re more of a beach dweller, a lover of bustling inner-city life or more suited to a quieter suburban lifestyle, Sydney has something for everyone. From the Eastern Suburbs of Bondi, Clovelly and Coogee through to the hip inner enclaves of Paddington, Surry Hills and Chippendale, there’s plenty on offer.

Head a little west of the CBD and you’ll find yourself in Sydney’s trendy and picturesque inner-west, boasting suburbs like Marrickville, Balmain, Annandale and Stanmore, which are bolstered by a strong sense of community.

Head north, and you end up in the leafy suburbs of Mosman, Lindfield and Killara. Head south or south west, and you’ll stumble upon the picturesque Sutherland Shire and the family-friendly suburbs of Bankstown, Padstow, Campbelltown and Camden. In fact, wherever you go in Sydney, you’re bound to find that sense of kinship and pride that runs deep.

On numerous occasions, Sydney has been referred to as the ‘city of villages’ which refers to the distinct characteristics of each locality and its community. In fact, Sydneysiders become so ingrained in the area that they live in, there’s a long-running joke about how residents get stuck in a bubble and don’t venture anywhere else. From world-class events and attractions, through to the wide-ranging markets and rich cafe and food culture, Sydney is definitely a great place to be.