The earnings of a real estate agent in Australia can vary depending on various factors such as location, experience, and success in closing deals.
According to the Real Estate Institute of Australia (REIA), the median gross income of a real estate agent in Australia was $86,720 in 2020. However, this figure can vary significantly depending on factors such as location, type of properties dealt with, and level of experience.
In Sydney and Melbourne, where the property market is more active, real estate agents may earn higher commissions, while in smaller cities or rural areas, agents may earn less. Top-performing agents in Australia may earn six-figure or even seven-figure incomes.
It’s important to note that real estate agents in Australia are typically self-employed and responsible for covering their own expenses such as marketing and advertising costs, insurance, and licensing fees, which can also impact their net earnings. Additionally, the commission structure in Australia is typically split between the buyer’s and seller’s agents, with the percentage varying by location and the type of property.
Author: Mr.Oz
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