How much is my home worth? Request an Appraisal
(07) 5438 1177

Are you looking to learn how much it costs to sell a house in QLD? 

Selling a property involves various expenses that can significantly impact how much you’ll pay by the time your house has sold.

Not preparing and budgeting for these can result in significant financial setbacks if you are relying on the capital of the sale in the short term.

At Harcourts Caloundra, we have over a decade of experience in the local real estate market and have a broad knowledge of the costs and other factors that can affect the final price.

Keep reading to find out the cost of selling a house in QLD to help prepare you for a successful and stress-free sale.

Key Costs Involved in Selling a House in QLD

Agent's Commission

One of the primary costs in the sale of your property is the real estate agent’s commission. 

This is typically a percentage of the sale price and varies based on several factors, including the property’s location, the current market, and the services provided by the agent. 

In Queensland, the average commission in metro areas is between 2 – 2.5% while in regional areas it ranges on average between 2.5 – 3.5%. 

It’s important to remember that the cheapest option isn’t always the best. 

When selecting an agent, consider their local market knowledge, marketing expertise, and negotiation skills. 

These factors can significantly influence the outcome of your sale which can offset the cost of a higher commission.

Check out this table below to see how much you would pay at 2.5% commission.

House Price Agents Commission % Commission Cost
$500,000 2.5% 12,500
$750,000 2.5% 18,750
$1,000,000 2.5% 25,000
$1,250,000 2.5% 31,250
$1,500,000 2.5% 37,500
$1,750,000 2.5% 43,750
$2,000,000 2.5% 50,000

Marketing and Advertising Costs

Marketing costs for selling a property in Queensland can vary. 

These expenses typically range from $600 to $2000, depending on the chosen marketing plan and the duration of the marketing period. 

This includes:

  • Costs for listing the property on real estate websites
  • Print media
  • Social media
  • Signage
  • Creating brochures or flyers

Professional photography and videography, which are essential for showcasing the property, are also included in these marketing costs.

Auction Costs

Choosing to sell your property at auction is a strategic decision that often attracts more competitive bidding among buyers.

In Queensland, the fees for a qualified auctioneer generally range from approximately $400 to $1,000

This fee can vary based on the auctioneer’s experience, reputation, and the specific services they provide. 

Your real estate agent should be able to recommend whether an auction is worth the investment based on the type of home you’re trying to sell.

Conveyancing and Legal Fees

Conveyancing involves the legal transfer of property ownership and is a crucial part of the selling process.

While the final cost will vary, conveyancer fees on average range between $600 and $1,300 in QLD.

The actual cost can vary depending on the complexity of the transaction and the conveyancer or solicitor you choose.
While it is legal to do your own conveyancing in QLD when selling your property, you’ll be legally liable for any obligations that weren’t met. 

Preparation and Staging Costs

If you want to maximise the appeal of your property, you should consider preparation and home staging. 

This involves styling and furnishing your home in a way that highlights its best features to potential buyers. 

In Queensland, professional home staging can cost anywhere from $2,000 to $10,000+ for higher-end properties.

The cost will vary based on the size of the property, the level of service provided, and the staging duration. 

While it’s an additional expense, effective staging can significantly enhance the property’s attractiveness, potentially leading to a quicker sale and a higher selling price.

Capital Gains Tax

When selling a house in Queensland, it’s crucial to understand the potential implications of Capital Gains Tax (CGT). 

CGT is a tax on the profit made from the sale of property or an investment. 

Generally, if your property is your primary residence, you may be exempt from CGT. 

However, if the property is an investment, you may be liable to pay CGT on the profit made from the sale.

The amount of CGT can vary significantly depending on various factors such as:

  • The length of time you’ve owned the property 
  • Any capital improvements made
  • Your personal tax circumstances

It is advisable to consult with a tax professional to understand your specific obligations and potential CGT liabilities. 

This cost should be considered in the overall financial assessment of selling your property.

Mortgage Discharge Fees

If you have an existing mortgage on the property you’re selling, mortgage discharge fees are charged by lenders to process the termination of your loan account. 

This fee covers the administrative tasks involved in closing the account, such as preparing and filing the necessary documents to remove the mortgage from the property title.

In Queensland, the mortgage discharge fees can vary depending on your lender but typically range from $200 to $400

It’s important to check with your financial institution for the exact amount you’ll be charged. 

Factors that Can Alter the Cost of Selling a House in QLD

Market Conditions

The overall demand and supply in the real estate market can significantly impact costs. In a seller’s market, where demand is high, houses may sell faster and for higher prices, potentially reducing marketing and holding costs.

Property Location

Urban properties in high-demand areas might attract lower agent commissions due to higher competition among agents, whereas rural or less sought-after areas may see higher commissions and marketing costs.

Property Type and Size

The nature of the property, whether it’s a luxury home, a standard residential property, or a unique listing, can influence the selling strategy and costs. Larger properties or those with unique features may require more extensive marketing efforts.

Property Condition

Properties that are well-maintained or recently renovated may attract buyers more easily, reducing marketing and selling time. Conversely, properties needing repairs might require additional investment before listing.

Seasonal Factors

Selling during peak real estate seasons may result in faster sales due to higher market activity, potentially reducing holding costs. Conversely, off-peak seasons might require more extensive marketing efforts.

Take advantage of understanding the cost of selling a house in QLD

Now that you better understand the cost of selling a house in QLD, you can maximise your property’s value while keeping expenses in check. 

Being aware of the key factors like agent fees, marketing costs, legal expenses, and the unique aspects of your property can help you make informed decisions throughout the selling process.

At Harcourts Caloundra, we are dedicated to providing our clients with expert advice and tailored strategies to ensure a successful and efficient sale.

If you’re based on the Sunshine Coast and looking to sell your property, request an appraisal today.

If have any questions or general enquiries, don’t hesitate to call us on (07) 5438 1177 to speak with our friendly team.

Harcourts has been in existence since 1888. Harcourts International Ltd is the largest real estate group in New Zealand and the fastest growing real estate group in Australasia, exceeding a record $32.4 billion NZD in sold property last year.

Harcourts International Ltd has expanded across the globe

Now boasting over 830 offices in 10 countries including New Zealand, Australia, Indonesia, Fiji, China, Hong Kong, Canada, United Arab Emirates, South Africa and USA.

Harcourts International Ltd has over 830 offices:

  • New Zealand: 190 offices
  • Australia: 382 offices
  • Indonesia: 35 offices
  • Fiji: 3 offices
  • China/Hong Kong: 41 offices
  • South Africa: 150 offices
  • United States of America: 34 offices
  • United Arab Emirates: 1 office
  • Canada: 1 office

Harcourts International Ltd has over 6,400 Sales Consultants:

  • NZ: 2,388
  • Australia: 1,477
  • Indonesia: 483
  • Fiji: 27
  • China/Hong Kong: 410
  • South Africa: 1,153
  • United States of America: 500
  • Canada: 9
  • Dubai: 6

Community Spirit

Harcourts International has its own charitable foundation – The Harcourts Foundation. Visit our Website.
Our Purpose: “To provide support that helps, grows, and enriches our communities.”

Technology

  • From our online presence, Harcourts properties receive a weekly average of 4 million views.
  • Harcourts has over 1,000 office and sales consultant websites.
  • Harcourts sends out over 65,750 email marketing pieces every day.

Training

The Harcourts Academy is a registered training organisation which allows students to attain national qualifications toward sales registration, property management and full agency licence. Visit Website.

Exclusive Representatives

Harcourts is the exclusive member of Luxury Property Selection in our market place – a unique and exceptional international marketing programme for luxury properties.

Luxury Property Selection combines a unique, lifestyle-search property website, an internationally distributed magazine, together with a selection of exceptional property marketing tools to showcase the very best in luxury and lifestyle property. For marketing elite property internationally, there is no better way to provide maximum exposure for your luxury properties. 

With its perfect point break, vibrant cafe culture and postcard views, Moffat Beach is no longer the Sunshine Coast’s hidden gem….

Caloundra is home to some impressive talent, with two neighbouring Bulcock St businesses recognised as leaders in their industries.

The Wysling family believe Luke Carter is a gem. The Caloundra man made headlines last week when he unearthed his engagement ring from the shallows of Golden Beach after a massive search..

The principal of Amber Werchon Property Caloundra, Luke Carter, has had a great career in real estate, driven mainly off the back of the auction process..

Luke Carter jokes that he is the lord of the rings. He may not possess the one ring that rules them all, but he has helped find three rings that were considered lost forever.

A project, which was a decade in the making, is being realised at a prominent coastal club.
Logo
Search Filters
Show Me Result
Advanced Options
Share This

Select your desired option below to share a direct link to this page.
Your friends or family will thank you later.