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 13840 agents in over 5090 agencies in Sydney. Lane Cove is one of the most popular suburbs in the city with competition between over 424 agents, this represents a significant portion of the 50939 properties sold every year in Sydney.

Sydney OpenAgent Seller Sentiment

In Q3 2019, sentiment in Sydney took a dramatic turn and spiked from +0.9 in the previous quarter to +4.6. This significant upswing in seller confidence can be seen in most other capital cities and has boosted sentiment across all Sydney regions to above +4.0.

This data indicates that there is strong overall optimism in the market and vendors are confident that property prices will increase in the following 6 months.

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 50939 recently sold properties in Sydney are evaluated by OpenAgent to identify the Sydney’s top real estate agents. In Sydney, OpenAgent has over 22069 reviews on 1887 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 4 Cobbity Street, NSW 2147 Seven Hills

Tim Ferguson recently sold a 4 bedroom house at 21 Camelot Close, NSW 2570 Kirkham

Steven Fan recently sold a 2 bedroom apartment at 13/44-48 Lane Street, NSW 2145 Wentworthville

Daniel Starr recently sold a 5 bedroom house at 7 Ruth Street, NSW 2160 Merrylands

Jay Bacani recently sold a 4 bedroom house at 28 Christopher Street, NSW 2153 Baulkham Hills

Joseph Vella recently sold a 4 bedroom house at 4/42 Brisbane Street, NSW 2760 Oxley Park

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.