Real Estate Agent Salary in AU (April, 2024) – SEEK (2024)

FAQs

What is the average salary for a Real Estate Agent in Australia? ›

Find out what the average Real Estate Agent salary is

How much does a Real estate agent make in Australia? The average real estate agent salary in Australia is $115,000 per year or $58.97 per hour. Entry-level positions start at $75,000 per year, while most experienced workers make up to $160,000 per year.

Job Outlook

Overall employment of real estate brokers and sales agents is projected to grow 3 percent from 2022 to 2032, about as fast as the average for all occupations. About 51,600 openings for real estate brokers and sales agents are projected each year, on average, over the decade.

Commercial Real Estate Agent Salaries in Australia

The average salary for Commercial Real Estate Agent is $437,500 per year in the Australia. The average additional cash compensation for a Commercial Real Estate Agent in the Australia is $362,500, with a range from $1,325 - $930,000.

One of the main reasons to become a real estate agent is going to be money. However, it's a good idea not to focus on a big pay packet before you've even completed a real estate course. It's true that real estate agents can achieve tremendous success.

Each real estate office sets its own standards for top producers, but it's safe to say that a top producer would have to sell at least one home per month to qualify. Top producers earn around $112,610 a year to start, according to the BLS. 1 Mega-stars could earn $500,000 per year and up.

One of the hardest things about being a real estate agent is smoothing your income so that it is consistent throughout the year. This requires discipline and rigorous budgeting. Some agents take second jobs.

An Engaging Personality

A good real estate agent doesn't just sell properties – they sell themselves. It's important to show your real personality. People will respond to you if you have a great attitude, are personable and honest, have confidence in your abilities, and are interested in helping them and others.

According to the National Association of Realtors, 71% of buyers interviewed at least one real estate agent during their home search, while 90% of buyers will use their agent again or recommend their agent.

The real estate industry in Australia is a significant contributor to the national economy, with an impressive industry revenue of $86.15 billion (in 2022) and employing over 142,000 individuals.

What is the most profitable commercial real estate? ›

So, what's the highest paying job in Australia? Based on the Australian Taxation Office's (ATO) findings for 2020-21, surgeons are the highest-paid individuals in Australia. Followed closest by Anaesthetists than Financial Dealers.

To become a Real Estate Agent in Australia, you need to:

Have at least 12 months full-time work experience, supervised by a licenced real estate agent and completed within three years of applying for your licence. Apply for a real estate agent's licence to the relevant authority in your state.

Australia's real estate market has long been considered a lucrative avenue for investment, attracting both seasoned investors and those new to the game. The allure of investing in real estate in Australia lies in its stability, potential for long-term capital growth, and the variety of investment options available.

Real estate agent commission in Australia is nearly always a percentage of a house's selling price. This can vary quite significantly from state to state and agent to agent, but generally Australia's average real estate agent commission is 2–3%.