Across the Buyers Agent Market, the fees for hiring buyer’s agents vary depending on the level of service you choose, the scope of job you require and their expertise.
Fixed Fees, Regardless of Purchase Price
Many buyers advocates full service fees work out to typically be 1.5-2% + GST of the purchase price. However, some buyer’s agents will negotiate a set or fixed fee in advance depending on price brackets, degree of difficulty and other search criteria. For ‘negotiation only’ buyer agent services, where they are required to negotiate a property price before, during or after an auction, fees are typically vary from .5% to 1% + GST of the total purchase price or an agreed fixed fee.
If you want to hire a buyer’s agent purely to bid at auction, fees vary from $500+ for each auction they attend, with a potential additional fee payable on a successful purchase.
Remember you’re paying an exclusive buyer’s agent to search specifically for you and to be completely independent and impartial.