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 13496 agents in over 4907 agencies in Sydney. Mosman is one of the most popular suburbs in the city with competition between over 441 agents, this represents a significant portion of the 48343 properties sold every year in Sydney.

Sydney OpenAgent Seller Sentiment

Q3 2018 marks a steep decline in consumer sentiment in Sydney with index scores plummeting to -0.1. This is the first national negative score since 2017.

When looking at the geographical areas of Greater Sydney and surrounding regions including Newcastle/Central Coast and the Wollongong/Illawarra interesting trends emerge.

Index values declined throughout the entire Sydney area in Q3 2018 with the exception of South Sydney where sentiment bounced back from -0.1 in Q2 to +0.3 in Q3.

Central Sydney sentiment values dropped 1.5 points from Q2, ending this quarter at +0.1. Consumer confidence also declined in the West, falling 1.8 points from last quarter ending Q3 at 0.0.

Negative sentiment for this quarter continues through to North and East Sydney, with both regions recording values of -0.4.

Newcastle/Central Coast reigns as the region with the highest sentiment index, ending this quarter on +3.1 points. Sentiment scores has remained quite stable quarter on quarter with the index only 0.3 points lower than they were at the beginning of the year.

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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.

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Top real estate agents in Sydney

More than 48343 recently sold properties in Sydney are evaluated by OpenAgent to identify the Sydney’s top real estate agents. In Sydney, OpenAgent has over 21121 reviews on 1827 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 9/14-16 Marcia Street, NSW 2146 Toongabbie

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

Steven Fan recently sold a 3 bedroom house at 11/47-49 Gladstone Street, NSW 2151 North Parramatta

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

Jay Bacani recently sold a 3 bedroom house at 20 Glenrowan Avenue, NSW 2155 Kellyville

Nick Makrinakis recently sold a 5 bedroom house at 6 Thursday Place, 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.