Real estate in Melbourne

Real Estate Agents in Melbourne

How should you choose a real estate agent in the Melbourne region? The best real estate agents sell your property for more, and provide you with the best customer service along the way. There are over 14544 agents in over 3615 agencies in Melbourne. Pakenham is one of the most popular suburbs in the city with competition between over 440 agents, this represents a significant portion of the 80784 properties sold every year in Melbourne.

Melbourne OpenAgent Seller Sentiment

The seller confidence in the Melbourne property market was very strong during the third and fourth quarter of 2017 with index scores of +5.4 and +5.6 respectively. It was only in Q2 2018 where sentiment scores begun to turn with the index falling from +5.3 in January to +3.9 in April.

This shift confirms the first turn in the property market of both Melbourne and Sydney in the past decade.

Read the full report

Real estate agent fees in Melbourne

In Victoria, real estate agent commissions range between 1.6 to 3.0 percent. In metropolitan areas like Melbourne, they tend to be a little lower. 2.5 percent is often at the high end of the scale, covering areas such as Central Melbourne. On the outskirts of the CBD, rates are lower. For example, in St. Kilda, the average commission rate sits at 2.01%; in Brighton, 1.55%; and in Sandringham, 1.87%.

Be mindful, however, as these are suburb averages. Some Melbourne real estate agents will charge higher rates than others, depending on the property for sale and their commission structures.

Tiered commission, for example, will charge you a higher rate for any value above a certain amount to work as an incentive for agents to sell a property at a higher price. For this reason, be sure to ask agents what their commission is when interviewing them, as different agents will cover different fees in what they charge. This will allow you to compare them on even ground and help you find the agent best suited to you.

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Top real estate agents in Melbourne

Over 80784 properties that have recently been sold within the last 12 months have been evaluated by OpenAgent to identify Melbourne's leading real estate agents.. We have 17461 reviews on 1734 different agents to help you make the most informed choice when choosing a real estate agent to sell your home.

Below are some of Melbourne's award winning agents. They are the recipients of OpenAgent’s Home Sellers Choice Awards, recognised for their excellent customer service and outstanding sale results.

Tim Heavyside recently sold a 3 bedroom house at 21 Chessell Street, VIC 3129 Mont Albert North

Will Ainsworth recently sold a 3 bedroom house at 28 Wellington Street, VIC 3218 Geelong West

Joe Mavrikos recently sold a 3 bedroom house at 52 Oakpark Drive, VIC 3337 Harkness

Shane Spiteri recently sold a 4 bedroom house at 107 Long Tree Drive, VIC 3337 Harkness

Paul Ringeri recently sold a 3 bedroom house at 103 Fairhaven Boulevard, VIC 3977 Cranbourne West

Peter Zervas recently sold a 2 bedroom apartment at 5/26A Byrne Avenue, VIC 3184 Elwood

See all winners

Melbourne property market

Being the second most populous city in Australia, Melbourne has one of the most active real estate markets in the nation. With a high level of continued migration, a high quality lifestyle and a dynamic local economy, its no wonder why. But as with most other areas across Australia, Melbourne has seen a cooling market in recent months. For the first time in years, house prices have started to slow down and properties have stayed on the market for longer. Despite this, however, rental demands still stand high and median house prices are still predicted to grow steadily over the next few years.

What’s it like living in Melbourne?

When it comes to shopping, dining and culture, Melbournites will say that their city has it all. And it’s no wonder with Melbourne regularly topping lists when it comes to liveability. The city itself is very much centred around lifestyle, and it’s easy to see how, with the numerous green spaces, parks, cycling paths and running tracks that dot and converge throughout the entire city.

The transport system is easy to navigate too, with the convenient tram coverage across the city. In addition, Melbourne is leading the way in terms of sustainability, with a focus on sustainable design, reduced water consumption and competitive targets when it comes to greenhouse emissions.

Melbourne is a growing city as well, and the interstate migration numbers support this, with plenty of people from NSW and QLD moving south in droves. In 2016 and 2017, Melbourne recorded the largest and fastest growth of any Australian capital city. New arrivals to Melbourne are attracted to the growing economy, more affordable housing and job opportunities, with Melbourne’s population poised to match Sydney’s in the coming years.