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About Hobart

The size of Hobart is approximately 2 square kilometres and features 7 parks. The population of Hobart in 2006 was 2,223 people. By 2011 the population was 2,108 showing a population decline of 5% in the area during that time. The predominant age group in Hobart is 15-24 years. Households in Hobart are primarily childless couples and are likely to be repaying between $1800 - $2400 per month on mortgage repayments. In general, people in Hobart work in a Professional occupation. In 2006, 39.8% of the homes in Hobart were owner-occupied compared with 30.3% in 2011. (source: Australian Bureau of Statistics)

Traditional agent commissions in Hobart

Agent commissions in Hobart are currently the highest in Australia with no sign of this changing anytime soon. To sell a property in Hobart with a traditional agent you can expect to pay around 2.82% to over 3.0% plus GST on average. When attempting to sell with a traditional agent we recommend attempting to negotiate commission and fees prior to listing.

On top of a commission, if you sell with a traditional agent, you would also generally pay additional advertising fees which can increase your total cost significantly. For example, in a competitive suburb like Newstead, the top upgrade available on realestate.com.au may be a few thousand dollars. All up, your total cost is likely to be $14,000 - $20,000+ if you decide to sell with a traditional agent as opposed to as low as $694, if you sell your home yourself with the help of PropertyNow.

The real estate market in Hobart

As Tasmania is a beautiful and popular area, especially with Tourism, it’s no surprise home values are where they are. Tourism increases both investment from overseas buyers and buyers within Australia, with the industry booming currently within this state.

Dwelling values in Hobart had a large jump between 2017-18 showing a strong annual dwelling growth rate of 12.7% which is the highest for any Australian city. As of June 2018 median dwelling price in Hobart is $430,000 with median house values at $452,000 and median unit values of $353,000, higher than previous years with a steady annual growth of 3% over the past decade.

Housing demand is looking strong and holding with rentals yields higher than some other capitals, with weekly rent sitting at $450 for houses and $380 for units. The gross rental yields currently are still climbing from previous years, up 5.0% for houses and 5.2% for units since July 2017.

The average number of days on the market for sale properties in Hobart is fairly low by the standard of other cities - with 26 days on the market being the average for June 2018 (slightly longer than the average of 35 days on the market in June 2017.) Units are sitting a shorter 22 days on market.

Selling property in Hobart without an agent

If you are in Tasmania, particularly Hobart, you need to know the specific laws that covers the buying and selling of properties. One law is the ‘Conveyancing and Law of Property Act 1884’ which applies to such circumstances. One of the requirements based on the above-mentioned law is that the selling or the intent to sell should always be in writing. Another provision explains the land sold that is held by lease:

“Where land sold is held by lease (not including under-lease), the purchaser shall assume, unless the contrary appears, that the lease was duly granted; and on production of the receipt for the last payment due for rent under the lease before the date of actual completion of the purchase, he shall assume, unless the contrary appears, that all the covenants and provisions of the lease have been duly performed and observed up to the date of actual completion of the purchase." - Section 3.3”

A further provision that it’s important to be aware of, talks about the inclusion of conveyancing. In Tasmania, conveyancing is a must and part of the process of buying/selling a property. Section 6 states what is included in a conveyance of land.

Knowing what different rules and provisions are relevant to your own state, when it comes to purchasing or selling a property in Hobart is an important part of the process and one we’re here to assist you with.

By not paying an agent a hefty commission you give yourself more room to move on the sale price, putting you at an advantage against similar properties in the market. You can also know for you sure that enquiries are being responded to as quickly as possible and are properly followed up instead of being in the dark as to what's going on. If you're not sure of how to price your property, we can even provide you with a detailed breakdown of sale statistics for Hobart (or a specific suburb of Tasmania), as well as an estimated value of your property itself.

Review of private selling in Hobart

Amin Bhai sold his property privately via the help of PropertyNow in 2018. Amin wrote "Dear Jasmyn, Jesse, Thank you for your prompt, comprehensive assistance at all stages. You made PropertyNow an efficient, user-friendly, value-for-money vehicle for divesting my properties with total control, especially appreciated during difficult personal circumstances. Greatly appreciate this vehicle, the facilitators and the value. Many thanks Amin Bhai"

About Canberra

Canberra is the ACT’s capital city and Australia’s capital city. Canberra has a strong economy with a low unemployment rate. With a population of 403,468, it is Australia's largest inland city and the eighth-largest city overall. Compared to the national averages, the unemployment rate is lower and the average income higher; tertiary education levels are higher, while the population is younger. Property prices are often relatively high, in part due to comparatively restrictive development regulations.

Traditional agent commissions in Canberra

Agent commissions in Canberra are some of the lowest due to demand. To sell a property in Canberra with a traditional agent you can expect to pay around 1.99% on the lower end to around 2.20% plus GST on average.

On top of a commission, if you sell with a traditional agent, you would also generally pay additional advertising fees which can increase your total cost significantly. For example, in a competitive suburb like Newstead, the top upgrade available on realestate.com.au may be a few thousand dollars. All up, your total cost is likely to be $14-$20,000+ if you decide to sell with a traditional agent as opposed to as low as $694 if you sell your home yourself with the help of PropertyNow.

The real estate market in Canberra

The real estate market in Canberra definitely saw its peak in 2017 and although the growth has slowed down, it hasn’t seen the steep decline of other capital cities.

Dwelling values in Canberra show annual growth rate of 2.6% over the last 12 months (which is much lower in comparison to the peak annual growth rate seen in previous years) but still an improvement over other capital cities, such as Sydney, which experienced a decrease.

As of June 2018 median dwelling price in Canberra is $594,000 with median house values at $678,000 and median unit values of $435,000, showing a steady annual growth of 2.2% over the past decade.

Housing demand in Canberra is strong and steady and this is shown in the weekly rent and yields figures. Rentals yields are among the highest throughout the capital cities, with weekly rent sitting at $575 for houses and $450 for units. The gross rental yields currently are still climbing from previous years, with a fair jump of 4.3% for houses and 5.6% for units since July 2017.

The average number of days on the market for sale properties rose minimally with 46 days on the market being the average for June 2018 (slightly longer than the average of 40 days on the market in June 2017.)

Selling property in Canberra without an agent

It is advisable to know the specific laws that are involved in selling or acquiring a property in Canberra. One such law is the Real Property Act 1925 and the Land Titles Act 1925. Another law that would apply to selling your own property is the Civil Law (Sale of Residential Property) Act 2003. We recommend acquiring some expert advice to help you in the process of selling your property.

Buying or selling a property nowadays is easier because of direct access to information from the web. But the ever-present issue of steep prices and hidden charges made by agents and real estate firms makes it harder for a buyer or seller to sell or buy a property. Not to mention the hassle encountered by a buyer and/or seller involved in such transactions.

Such circumstances are the main reason behind the creation of PropertyNow. An Australian based and online company, PropertyNow will help you post your property in different well-known real estate listings, not to mention will help you detect any errors in your listings and correct them to avoid having your listings rejected or cancelled.

By not paying an agent a hefty commission you give yourself more room to move on the sale price, putting you at an advantage against similar properties in the market. You can also know for you sure that enquiries are being responded to as quickly as possible and are properly followed up instead of being in the dark as to what's going on. If you're not sure of how to price your property, we can even provide you with a detailed breakdown of sale statistics for a specific suburb of Canberra, as well as an estimated value of your property itself.

Review of selling a house privately in Canberra region

Kirsten sold her property in Narrabundah privately in April 2018 and wrote "Quite easy to use and very helpful staff."

About Melbourne

Melbourne is approximately 6 square kilometres and has 25 parks covering nearly 36% of its total area. The population of Melbourne in 2006 was 21,285 people. By 2011 the population was 28,353 showing a population growth of 33% in the area during that time. The predominant age group in Melbourne is 25-34 years. Households in Melbourne are primarily childless couples and are likely to be repaying between $1800 - $2400 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation. In 2006, 32.9% of the homes in Melbourne were owner-occupied compared with 34.5% in 2011. (source: Australian Bureau of Statistics).

Agent commissions in Melbourne

Agent commissions in Melbourne are lower than most other states, to sell a property in Melbourne with a conventional agent you can expect to pay around 1.99% - 2.05% plus GST on average. On top of the commission, you would also generally have to pay additional advertising fees such as Realestate.com.au upgrades, which can increase your total cost significantly. All up, your total cost is likely to be $14,000 - $20,000+ if you decide as opposed to as low as $694 if you sell your home yourself with the help of PropertyNow.

The real estate market in Melbourne

The real estate market in Melbourne has been slowing down at a rapid pace, with house prices expected to fall further in the coming years. 
Dwelling values in Melbourne, much like other capital cities, have continued to fall. Dwelling values decreased by 1.2% in the first quarter of 2018 leaving them 2.2% higher over 12 months but still 1.6% lower than their peak in November 2017. 

From a broader perspective, we’ve seen annual growth of 3.7% and a 5.7% growth over the past decade. The median dwelling price in Melbourne is $720,000, with median house values at $824,000 and median unit values at $574,000, which is higher than previous years.

Rental rates and yields for 2018 show weekly rent at $430 for houses and $420 for units. The gross rental yields are slowly climbing from previous years, up 2.6% for houses and 3.9% for units since July 2017.

The average number of days on the market for sale properties is the same as last year, with 29 days on the market still being the average as of June 2018. Units are taking longer to sell, at an average of 88 days on the market.
Auction clearance rates have dropped to 56% as of early June 2018 (compared with 65.4% the previous year).

Selling property in Melbourne without an agent

Given Melbourne's cooling market, selling your home without an agent could be a great option to save on agent fees. By not paying a commission, you leave yourself more able to negotiate the sale price with buyers.

So where to start if you want to sell your own property? If you are in Victoria, particularly in Melbourne and want to sell privately, your first step is to determine the market price of your property. In this way, you can reasonably assess your property and avoid under or overpricing it. Fortunately, you can request a free property value report from us here PropertyNow. 

We also provide access to agent-only websites like realestate.com.au as well as a full platform to manage your listing for a flat fee of $694. 

If you'd like to know more about selling your property privately in Melbourne, simply contact us for more information or a free guide. 

Reviews from people who sold their house privately with PropertyNow

Julian sold his property in Fitzroy North in June 2018 and said "Great customer service, quick response and good chat function."

Angela sold her property in Mill Park in May 2018 and said "PropertyNow provided the support and knowledge I needed to have the confidence to sell my property on my own. Their support and feedback throughout the process was great. I highly recommend them."

Eve sold her property in Montmorency in May 2018 and said "I can't recommend Property Now highly enough. Forget about paying real estate agent percentages and just do it! The site is easy to use, all the information and all the help you need is available at a moment's notice, with friendly good humour and excellent knowledge, experience and professionalism. Signage has a very professional look (unlike some agent-assisted sales sites), extras are not expensive and well worth having, and everything is done with a minimum of fuss or delay. I haven't been able to think of anything that could have been done better. Even if there is a minor mistake on occasion, it is rectified straight away once queried. I expect I will use Property Now for any property that I sell in the future. Thank you again!"

About Brisbane

Brisbane is the third most populous city in Australia with a population of over 2.3 million people. Brisbane City is approximately 3 square kilometres in size with parks covering 8% of the total area. The predominant age group in Brisbane is 25-34 years with most households being made up of childless couples working in a professional occupation.

Agent commissions in Brisbane

Agent commissions in Queensland are currently the second highest in Australia, to sell a property in Brisbane with a traditional agent you can expect to pay around 2.6% - 2.70% plus GST on average. On top of a commission, if you sell with a traditional agent, you would also generally pay additional advertising fees which can increase your total cost significantly. For example, in a competitive suburb like Newstead, the top upgrade available on realestate.com.au may be a few thousand dollars. All up, your total cost is likely to be $14,000 - $20,000+ if you decide to sell with a traditional agent as opposed to as low as $694 if you sell your home yourself with the help of PropertyNow.

The real estate market in Brisbane

The real estate market in Brisbane has been slowing down and although there has still been an increase, boosted by population growth, low-interest rates, and level of affordability compared to other cities - it is far lesser than the growth seen in previous years.

Dwelling values in Brisbane only experienced an annual growth rate of 0.2% over the last 12 months (which is much lower in comparison to the peak annual growth rate in Brisbane between 2016-2017) but still an improvement over other capital cities, such as Sydney, which experienced a decrease. House values have grown again over the last 12 months with houses being 1.2% higher in value, compared with a 0.3% fall in unit values (although interestingly, every other capital city has seen units outperforming house values.)

As of June 2018, the median dwelling price in Brisbane is $492,000 with median house values at $535,000 and median unit values of $384,000. This is higher than previous years with an annual growth of 0.9% over the past decade.

Housing demand is holding fairly firm with rental yields higher than most other capitals. Weekly rent is sitting at $420 for houses and $380 for units. The gross rental yields currently are still climbing from previous years, up 4.2% for houses and 5.4% for units since July 2017.

The average number of days on the market for sale properties is nearly two months, with 53 days on the market being the average for June 2018 (slightly longer than the average of 43 days on the market in June 2017.) Units are sitting at 112 days on market.

Auction clearance rates have dropped to 39% as of early June 2018 (compared with 50% at the same time last year).

Selling property in Brisbane without an agent

We've had excellent feedback from owners using our service to sell Brisbane based properties, in fact, it's one of our most successful locations for both sales and rentals. We do tend to notice that whilst not moving quite as fast as most Sydney properties, Brisbane based properties experience much higher enquiry rates and faster sale times than owners in regional areas where demand is lower.

By not paying an agent a hefty commission you give yourself more room to move on the sale price, putting you at an advantage against similar properties in the market. You can also know for sure that enquiries are being responded to as quickly as possible and are properly followed up instead of being in the dark as to what's going on. If you're not sure of how to price your property, we can even provide you with a detailed breakdown of sale statistics for Brisbane (or a specific suburb of Brisbane), as well as an estimated value of your property itself.

Testimonials from clients in Brisbane

PropertyNow market properties and support owners to sell privately nationwide.

Mr Crozier, who sold his Aspley property with the help of PropertyNow said "We have been very pleased with the process of selling our house through property now. It was simple, and we had a great experience. If you are thinking about selling your home privately, then you should definitely give it a go. It's much easier than you think."

Shannon who leased his Fortitude valley property with the help of PropertyNow said "I've rented out my apartment effortlessly through Property Now. Highly recommend!"
 

*Authored June 2018. Please contact us if you require more recent information or advice about leasing or selling a property in Brisbane yourself.

About Adelaide

The size of Adelaide is approximately 10 square kilometres. It has 47 parks covering nearly 41% of total area. The population of Adelaide in 2006 was 10,225 people. By 2011 the population was 12,956 showing a population growth of 26% in the area during that time. The predominant age group in Adelaide is 15-24 years. Households in Adelaide are primarily group households and are likely to be repaying between $1800 - $2400 per month on mortgage repayments. In general, people in Adelaide work in a Professional occupation. In 2006, 35.8% of the homes in Adelaide were owner-occupied compared with 31.4% in 2011. (source: Australian Bureau of Statistics)

Traditional agent commissions in Adelaide

Agent commissions in Adelaide (like the rest of SA) are deregulated. This means that an agent who works in Adelaide can create their own commission and fee structure. The market demand in Adelaide is also higher and as a result there are more real estate agents who work in the city. Due to the increased competition, it’s common to see a drop-in commission. The average commission rates are usually from 1.94 - 2.0% of the value of your property.

On top of a commission, if you sell with a traditional agent, you would also generally pay additional advertising fees which can increase your total cost significantly. All up, your total cost is likely to be well over $20,000 if you decide to sell with a traditional agent as opposed to as low at $694 if you sell your home yourself with the help of PropertyNow.

The real estate market in Adelaide

The real estate market in Adelaide is doing a little better than 2017, with values on a slow rise.

Both unit and house values, much like rental yields, have been on the rise. As of June 2018, median dwelling price in Adelaide is $435,000 with houses at $462,000 and median unit values of $328,000 – showing an 0.8% increase in dwelling values since 2017. Rentals yields are on the rise for Adelaide, houses are up a gross percent of 4.2% at $375 with units up 5.2% annually currently sitting at around $320.

The average number of days on the market for sale properties has pushed higher this year, with 56 days on the market being the average for June 2018 which is slightly greater than the 49 days of 2017. Auction clearance rates, which were at 65.8% last year have also risen to 71% in 2018 as of early June 2018.

Selling property in Adelaide without an agent

If you're planning to sell your own property in Adelaide, it’s important to have a good idea of the selling process. This is to avoid unnecessary burden, hassles and fees when selling an estate. The most important thing to do is to set a proper price. You need to consider the current market trends and how high the demand of a property in Adelaide currently is.

Do some research. Know the prices of similar properties. Make sure that your prices aren’t high enough that it will discourage potential buyers. Remember, you aren't the only one selling a property.

Also, know that it is illegal to misrepresent a property's price to any buyers. This also includes advertising the property at a selling price that is lower than the market trends.

Also know which to sell and what not to sell. Items (also known as chattel) that you don't want to be sold needs to be excluded in the contract of sale. Remember too that first impression last, so make sure to know how to present your property to your potential buyers before taking some photos for advertising. Also, remember to not exclude other potential buyers when presenting a property.

Another thing to know is that all potential buyers would be inspecting. Thus, it is important to hide any items that you don't want your potential buyers to see and that might discourage them to proceed in buying your property. The process of selling your property may be complex and time-consuming but with proper preparation, you'll find it easier than expected.

By not paying an agent a hefty commission you give yourself more room to move on the sale price, putting you at an advantage against similar properties in the market. You can also know for you sure that enquiries are being responded to as quickly as possible and are properly followed up instead of being in the dark as to what's going on. If you're not sure of how to price your property, we can even provide you with a detailed breakdown of sale statistics for Adelaide (or a specific suburb within SA), as well as an estimated value of your property itself.

Adelaide private sale and rental reviews

Nicole who leased her Port Adelaide property privately via PropertyNow says “Using Property Now made advertising easy. The forms made it easy for tenant applications and all phone calls/emails were passed on immediately. The team were quick to reply to any questions I had. I would use this site again.”

Bonny who sold her property in Marion privately via PropertyNow in June 2018 writes “I've enjoyed the experience as I prefer the option of making appointments for viewing and being able to answer all questions put forward. It’s a much more personal touch. Decided against both a "For Sale" sign as I only wanted people to make appointments. Because I sold my house in such a short time I would say it was most successful.”

*Authored July 2018. Please contact us if you require more recent information or advice about leasing or selling a property in Adelaide yourself.

About Perth

The size of Perth is approximately 5 square kilometres. It has 11 parks covering nearly 11% of total area. The population of Perth in 2006 was 6,051 people. By 2011 the population was 9,243 showing a population growth of 52% in the area during that time. The predominant age group in Perth is 25-34 years. Households in Perth are primarily childless couples and are likely to be repaying between $1800 - $2400 per month on mortgage repayments. In general, people in Perth work in a Professional occupation. In 2006, 38.1% of the homes in Perth were owner-occupied compared with 36.8% in 2011. (source: Australian Bureau of Statistics)

Traditional agent commissions in Perth

To sell a property in Perth via a traditional agent you can expect to pay around 2.3 - 2.7% plus GST on average. Suburbs closer to the CBD have been shown to have a lower average for commissions, on occasion falling below the 2% figure. The more regionally located your property is, the more you can expect to pay on commission.

On top of a commission, if you sell with a traditional agent, you would also generally pay additional advertising fees which can increase your total cost significantly. For example, in a competitive suburb, the top upgrade available on realestate.com.au may be several thousand dollars. All up, your total cost is likely to be at least $14,000 if you decide to sell with a traditional agent as opposed to as low at $694 if you sell your home yourself with the help of PropertyNow.

The real estate market in Perth

The real estate market in Perth is looking alright for sellers at current but has seen some drops over the past 12 months.

Dwelling values in Perth, much like other capital cities, have fallen in 2018. As of June this year, in regards to dwelling values, we’ve seen an annual drop of 2.3% and a smaller drop of 0.8% over the past decade. The median dwelling price in Perth is sitting at $464,000, with median house values at $487,000 and median unit values at $400,000, which is lower than previous years.

It’s good news for lessors, with rental rates and yields for 2018 showing an increase; weekly rent has risen to $360 for houses and $340 for units. The gross rental yields are slowly climbing from previous years, up 3.5% for houses and 4.4% for units since July 2017.

The average number of days on the market for sale properties has also dropped over the last year, with the average as of June 2018 being 55 days as opposed to 2017’s higher 63 days.

Selling property in Perth without an agent

We've had a number of clients use our services in Perth specifically, and WA more generally. Given the market conditions in Perth now, by not paying an agent a hefty commission you give yourself more room to move on the sale price, putting you at a significant advantage. You can also know for sure that enquiries are being responded to as quickly as possible and are properly followed up instead of being in the dark as to what's going on. If you're not sure of how to price your property, we can even provide you with a detailed breakdown of sale statistics for Perth, as well as an estimated value of your own property.

Private sale and rental reviews in Perth

PropertyNow market properties and support owners to sell privately nationwide. We also maintain extended hours to account for the time difference between the eastern and western states.

Gael who sold her property in Chittering in 2018 with the help of PropertyNow wrote “Was the best way to sell. Very easy to make the add. Took 2 months to sell”

Malcolm who leased his Perth property privately in June 2018 thanks to PropertyNow writes “It was a really good experience and have recommended it to a friend to lease a property. Thanks”
 

*Authored July 2018. Please contact us if you require more recent information or advice about leasing or selling a property in Perth yourself.

About Sydney

The greater Sydney region is around 12, 300 kilometres and is the most populous city in Australia with a population of 4,921,000 and a population density of 400 people per square kilometre in the Greater Sydney region. The predominant age group in Sydney is 25-34 years with households comprised primarily of childless couples.

Traditional agent commissions in Sydney

Agent commissions in Sydney are surprising, generally a little lower than the fees you can expect in other capital cities, but are still around 1.84 - 2.0% of the value of your property. On top of a commission, if you sell with a traditional agent, you would also generally pay additional advertising fees which can increase your total cost significantly. All up, your total cost is likely to be well over $20,000 if you decide to sell with a traditional agent as opposed to as low as $694 if you sell your home yourself with the help of PropertyNow.

The real estate market in Sydney

The real estate market in Sydney has continued to slow in 2018, with values are falling instead of rising. Dwelling values in Sydney were down 0.9% in the first four months of 2018 and 4.8% over the last 12 months (compared to the previous year, with values being 4.5% lower than their peak in July 2017.)

Unit values have been falling, although much less than houses, and are down by 1.4% over the last 12 months with house values falling 5.8% since peaking in June 2017. As of June 2018, median dwelling price in Sydney is $875,000 with median house values at $1,026,000 and median unit values of $753,000.

Auction clearance rates, which went as high as 74.3% last year have fallen in 2018 with a lower clearance rate of $56% as of early June 2018, however annual home sales in Sydney overall are still down 1.3% in the last year.

Despite the increases in property values, weekly rents have changed little over the last 12 months sitting at $570 for houses and $550 for units. The gross rental yields currently are climbing from previous record lows, up 3% for houses and 3.8% for units since July 2017.

The average number of days on the market for sale properties has pushed higher this year, with 36 days on the market being the average for March 2018 (slightly longer than the average of 31 days on the market in March 2017.)

Overall, as of Winter 2018, it's very much a buyer’s market in Sydney, as opposed to being more of a seller’s market between 2016-2017, particularly in inner-suburban and higher-priced areas.
Selling property in Sydney without an agent.

We've had excellent feedback from owner's using our service to sell Sydney based properties, and we tend to notice that when Sydney based properties experience much higher enquiry rates and faster sale times than owners in regional areas where demand is lower.

By not paying an agent a hefty commission you give yourself more room to move on the sale price, putting you at an advantage against similar properties in the market. You can also know for you sure that enquiries are being responded to as quickly as possible and are properly followed up instead of being in the dark as to what's going on. If you're not sure of how to price your property, we can even provide you with a detailed breakdown of sale statistics for Sydney (or a specific suburb of Sydney), as well as an estimated value of your property itself.

Testimonial from a client in Sydney

PropertyNow market properties and support owners to sell privately nationwide. In March 2016, Sydney Coulson sold his property in Sydney with our help and had this to say "Thanks to Andrew and PropertyNow our home was easy to list, was listed on the two prominent real estate websites within hours of being added to the PropertyNow site and, as good fortune would have it, sold to the first couple who came to view it. After such a positive experience and saving thousands of dollars in commission, can't recommend PropertyNow highly enough as the ideal vehicle for buyers and sellers of real estate to connect with one another. PropertyNow will be the first and only port of call for the next real estate transaction."

*Authored June 2018. Please contact us if you require more recent information or advice about leasing or selling a property in Sydney yourself.

About Darwin

Darwin is NT's capital city and has a population of more than 80 thousand people with a population density of 7.40 persons per hectare (ABS ERP 2015). The predominate age group in Darwin City is young people aged 20-29 years old, followed by single's and homesharers aged 35-54.

Traditional agent commissions in Darwin

Agent fees in the Northern Territory, including Darwin are deregulated which means that agents get to decide on their own fees for selling a home and aren't limited the way they are in other states. Commissions in the Northern Territory are generally likely to be anywhere from 2.5% to 4% with an average of 2.43% which is one of the highest for capital cities. In terms of the overall state average, commissions are generally a little lower in Darwin than in the rest of the state. The exact rate can vary quite a lot depending on suburb, with rural and sparsely populated areas typically resulting in higher fees. On top of a commission, if you sell with a traditional agent, you would also generally pay additional advertising fees which can increase your total cost significantly.

The real estate market in Darwin

The current overall median sale price for Darwin is $503,000 for houses (-3.2% annual decrease) and $347,500 for units (19.2% annual decrease), which has seen a large decline over the past few years, since its peak in 2015. The average number of days on the market for sale properties is at roughly 130 days for a sale (higher than previous years) with units sitting at a longer average of 88 days on market also, as of June 2018

Rental rates and yields for 2018 have declined for both Perth and Darwin, with rent at $550 for houses and $450 for units. The gross rental yields are slowly climbing from previous years, up 5.7% since 2017.

Auction clearance rates have dropped to 43% as of early June 2018 (compared with 65.4% of 2017).

The Darwin housing market is relatively small which means "big projects and investments have a large impact on the demand for housing" which in turn is reflected in housing prices. According to Eliza Owen of Onthehouse.com.au, values of both houses and units in Darwin have been steadily lowering after a dramatic drop back in December 2015. This is likely due to the fall in commodity prices, and the removal of the first home owner grant for existing dwellings resulting in more new dwellings being constructed and first home buyers being better financed to buy those properties.

The rental market has also been affected by the oversupply of dwellings and the declining population with overall vacancy rates as high as 6.3 percent, although better than the 8.2% for houses of 2017.

It’s been a few years since the leasing of the Port of Darwin to a Chinese company that was believed would "raise Darwin's profile among Chinese investors" along with the growing reputation of Charles Darwin University and quick international flights to Asian hubs. However, according to a recently published article by the financial review –

“The new Chinese owner of Darwin Port is heavily indebted and has struggled to make interest payments on money borrowed to buy the lease, raising doubts over promises to upgrade the port and fund a new $200 million hotel on a nearby site. An analysis of the finances of the Landbridge Group and its billionaire founder Ye Cheng shows he does not fit the stereotype of a cashed-up Chinese billionaire with access to cheap funding from state-owned banks.”

Putting the future of the port in doubt. If you choose to sell your property privately through PropertyNow, we can provide you access to Juwai, as well as the REA group's website for Chinese investors, as there still may be room to capitalize on the exposure.

Selling property in Darwin without an agent

By not paying an agent a hefty commission you give yourself more room to move on the sale price, putting you at an advantage against similar properties in a difficult market. You can also know for you sure that enquiries are being responded to as quickly as possible and are properly followed up instead of being in the dark as to what's going on. If you're not sure of how to price your property, we can even provide you with a detailed breakdown of sale statistics for Darwin, as well as an estimated value of your property itself.

Private sale in Darwin, testimonial

PropertyNow market properties and support owners to sell privately nationwide.

Lola sold their property in Nightcliff privately with PropertyNow in May 2018 and wrote “This was a simple process for listing and marketing my property, removing the “mystique” of selling a home. I achieved more than my asking price in a slow market. As a senior single woman I found it to be a straightforward and successful way to gain maximum value for my property. I would recommend it to anyone.”

You can find our other properties currently for sale and for rent in Darwin through our search page.

*Authored July 2018. Please contact us if you require more recent information or advice about leasing or selling a property in Darwin yourself.

Are you wondering "Can I private sell my house NSW"? The first thing to consider is whether you have a legal right to sell your property without an agent. The answer is yes, you absolutely do. If you’re at all worried about this, you can confirm it with the NSW office of fair trading. With that out of the way, let’s discuss the steps to actually selling your own home in NSW.

Step 1: Preparing the contract of sale for real estate NSW

The first step to selling a property in NSW is having a contract of sale prepared. You must have this done before you begin marketing or conducting inspections. This applies to all properties in NSW except for rural properties. Keep in mind that though you don’t need to have the contract prepared to market a rural property, you will still need it once you have a buyer, so it’s best to get it prepared early.

The contract of sale must include title documents, drainage diagram, current zoning certificate and in some circumstances a swimming pool certificate and other documents, as well as any property exclusions, and a statement of the buyers cooling off rights. If that sounds like a lot to wrap your head around, don’t worry - getting a contract drawn up is really easy, all you have to do is contact a solicitor or conveyancer in your area and they’ll handle everything for you. You can also buy a generated contract online from the NSW Law Society’s ECOS website for a small fee.

Between step 1 and step 2 is when all your marketing and negotiations will happen, these steps are common to all states, so let’s move along to the next step in legally finalising your sale.

Step 2: Signing the contract of sale for real estate NSW

The next step in the legal process of selling a property in NSW is for you and the buyer to sign the contract of sale. You will need to have two copies of the contract, one for you to sign and one for the buyer to sign. You should sign your copy, and give it is to the buyer to sign also.

Step 3: Exchange of real estate New South Wales

Exchange simply means that both you and the buyer have signed a copy of the contract of sale and have exchanged these with each other. At this point, the buyer may opt to place a 0.25% or more deposit which would generally be held in your solicitor’s trust account or a trust account you’ve arranged through PropertyNow.

Exchange doesn’t necessarily have to happen in person, it can also be done via mail or via a third party such as your conveyancer. Keep in mind that you and the buyer aren’t legally bound until all copies of the contract have been signed and exchanged.

Step 4: Cooling Off of real estate New South Wales

Once the buyer has been provided with a signed copy of the contract, the cooling off period starts. In NSW, the cooling off period is 5 business days. During this time, the buyer can cancel the sale. If the buyer cancels the sale in this period, they’ll have to forfeit 0.25% of the purchase price. You will need to refund any deposit paid, less the 0.25% - if a deposit hasn’t yet been paid, the buyer will owe you the 0.25%. The 0.25% won’t apply if the buyer has cancelled the sale under allowance conditions within the contract of course.

After the cooling off period has ended, the buyer will then need to pay the remainder of 10% of the purchase price. If they have paid the 0.25% deposit initially, this will mean they need to deposit another 9.75% of the purchase price.

The buyer can also waive the cooling off period by signing a 66W certificate. When this happens, it is called “unconditional exchange” once the buyer has paid a total of 10% in deposit.
An important thing to keep in mind with regards to cooling off periods in NSW is that they only apply to the buyer, once you’ve exchanged contracts, you cannot simply cancel the sale as a seller.

Once the sale has cooled off or unconditionally exchanged, you can go ahead and mark it as sold on the websites.

Step 5: Settlement of Real Estate NSW

On signing the contract, you and the buyer will agree to a settlement date. Settlement is commonly six weeks after exchange but this can be varied if both parties agree. At settlement the buyer 'settles' their purchase by paying the purchase price, less their deposit. If you're using a solicitor, they may meet with the buyers solicitor to ensure they have everything needed for the sale to proceed.

With those five steps out of the way it’s time to put your feet up and congratulate yourself on a job well done – you’ve just successfully sold your house without an agent.

Hopefully we’ve demystified the sale process for you somewhat but if you’re still confused about anything leave us a comment below or get in touch with us.

If you're thinking about selling your house privately in NT, the first thing to consider is whether you have a right to sell your property without an agent. The answer is yes, you absolutely do. If you’re at all worried about this, you can confirm it with Northern Territory Consumer Affairs. With that out of the way, let’s discuss the steps to selling your own home in the NT.

Step 1: Preparing the contract of sale:

Ensure you have your contract of sale of land form drawn up by your solicitor or conveyancer before advertising your property for sale. It should include details of the property title, outstanding mortgages, covenants, easements, zoning, and outgoings. Fixtures and fitting are included by default, and you should specify in your contract if any chattels are to be included. Dishwashers, rangehoods, curtains and blinds are generally included in the sale.

If a residential property is less than 1.8 hectares, you will also need to provide documents to the Land Titles Office declaring that there is no pool or spa, or alternatively showing that if there is that it will have a compliant pool safety barrier. There are some exceptions.

Step 2: Setting your price:

When you set your price ensure it does not misrepresent the property’s sale price, as that is illegal. The selling price should not be lower than an agent’s estimated price or the lowest amount you would accept. To research your price, you can:

Step 3: Open Homes and Private Inspections

Once your property is advertised you will likely need to allow buyers to inspect the property through open homes or private inspections.  

Step 4: Receiving the offer:

Generally, offers are submitted in the way of a signed contract of sale. Sometimes buyers may add an expiration clause to the sale contract so that the offer does not remain open indefinitely if the vendor has not signed by a certain date. Have your solicitor or conveyancer review any changes made by the buyer to the sales contract.

If someone makes you an offer on your property you may take a holding deposit of the full amount or a nominated partial amount. This should be held in your solicitor’s trust account or a trust account you’ve arranged through PropertyNow, to be returned if you do not accept the offer.

Step 5: Signing the contract of sale:

The next step in the legal process of selling a property in the NT is for you and the buyer to both sign two copies of the contract of sale. All signatories must be given a copy.

From this point, you could consider marking your property as “Under Contract” on various websites, but you should still keep a record of any enquiries from other buyers in case the sale falls through.

Step 6: Exchange:

Exchange simply means that both you and the buyer have signed a copy of the contract of sale and have exchanged these with each other. Exchange doesn’t necessarily have to happen in person, it can also be done via mail or via a third party such as your conveyancer. Keep in mind that you and the buyer aren’t legally bound until all copies of the contract have been signed and exchanged.

Step 7: Cooling Off:

In NT, the buyer is entitled to a cooling off period of four business days, however this can be waived or amended if both parties agree. The cooling off period commences the day you or the buyer last signed and exchanged the contract.  During this time, the buyer can cancel the sale. However, if the buyer makes their offer on the day of the auction it is generally unconditional with no cooling off period.

After the cooling-off period has ended, the balance of the deposit is payable by the buyer and should be held in trust until settlement occurs (e.g. 10% of the purchase price less any holding deposit).

An important thing to keep in mind with regards to cooling off periods in NT is that they only apply to the buyer, once you’ve exchanged contracts, you cannot simply cancel the sale as a seller.
Once the sale has cooled off or unconditionally exchanged, you can go ahead and mark it as sold on the websites.


Step 8: Settlement:

On signing the contract, you and the buyer will agree to a settlement date. Settlement is commonly 30 to 90 days after exchange but this can be varied if both parties agree. At settlement the buyer 'settles' their purchase by paying the purchase price, less their deposit. If you're using a solicitor, they may meet with the buyer’s solicitor to ensure they have everything needed for the sale to proceed.

With those steps out of the way it’s time to put your feet up and congratulate yourself on a job well done – you’ve just successfully sold your house without an agent. Hopefully we’ve demystified the sale process for you somewhat but if you’re still confused about anything just get in touch with us at propertynow.com.au

Selling via Auction

If there is high demand for your property you may prefer to sell it at auction. Ideally you should book your Auctioneer prior to listing your property, so that the date and time can be included in any advertising.

The auction rules and any extra conditions must be on display at the auction beforehand for buyers to view.

Once the reserve price is met or exceeded, then the property is sold. There is no cooling-off period for a property sold at auction and the contract of sale is unconditional.

If the property is passed in, the highest bidder has the right to negotiate with the vendor.

Settlement occurs in the same way as for a private treaty sale.

Sale by Tender

In the NT you can also sell your property by tender. This means that all offers are submitted by a set date and time for consideration.

If you're thinking about selling your house privately in ACT, the first thing to consider is whether you have a right to sell your property without an agent. The answer is yes, you absolutely do. If you’re at all worried about this, you can confirm it with Access Canberra. With that out of the way, let’s discuss the steps to selling your own home in the ACT.

Step 1: Preparing the contract of sale:

Ensure you have your draft contract for the sale of residential property drawn up by your solicitor before advertising your property for sale.

There are various accompanying reports required depending on the type of property, regarding the physical condition of the building and a statement of any provisions that might impact on the allowable use of the house or land. Refer ‘Reality Check – a real estate guide for buyers and sellers in the ACT’ to find out which of the following you will need:

  • The Crown Lease
  • The Certificate of Title
  • A copy of any encumbrance shown on the Certificate of Title
  • A statement about any encumbrance not shown on the Certificate of Title
  • Asbestos assessment report or asbestos advice
  • The deposited plan
  • A Building Conveyancing Enquiry
  • A Lease Conveyancing Enquiry
  • An Energy Efficiency Rating Statement
  • A Building and Inspection Compliance Report
  • A Pest Inspection Report
  • A copy of the unit’s plan or proposed unit’s plan
  • A Certificate of Title for the common property
  • A copy of the minutes of meetings of the owners corporation and executive committee for the last two years
  • A Unit Title Certificate

Step 2: Setting your price:

When you set your price ensure it does not misrepresent the property’s sale price, as that is illegal. The selling price should not be lower than an agent’s estimated price or the lowest amount you would accept. To research your price, you can:

Step 3: Open Homes and Private Inspections:

Once your property is advertised you will likely need to allow buyers to inspect the property through open homes or private inspections.

Step 4: Receiving the offer:

Generally, offers are submitted in the way of a signed contract for sale of residential property. Sometimes buyers may add an expiration clause to the sale contract so that the offer does not remain open indefinitely if the vendor has not signed by a certain date. Have your solicitor review any changes made by the buyer to the sales contract.

If someone makes you an offer on your property you may take a holding deposit of the full amount or a nominated partial amount. This should be held in your solicitor’s trust account or a trust account you’ve arranged through PropertyNow, to be returned if you do not accept the offer.

Step 5: Signing the contract of sale:

The next step in the legal process of selling a property in the ACT is for you and the buyer to sign the sale contract. You will need to have two copies of the contract, one for you to sign and one for the buyer to sign. You should sign your copy, and give it is to the buyer to sign also. From this point, you could consider marking your property as “Under Contract” on various websites, but you should still keep a record of any enquiries from other buyers in case the sale falls through.

Step 6: Exchange:

Exchange simply means that both you and the buyer have signed a copy of the contract of sale and have exchanged these with each other. Exchange doesn’t necessarily have to happen in person, it can also be done via mail or via a third party such as your conveyancer. Keep in mind that you and the buyer aren’t legally bound until all copies of the contract have been signed and exchanged.

The balance of the deposit is payable by the buyer and should be held in trust until settlement occurs (e.g. 10% of the purchase price less holding deposit).

Once the sale has unconditionally exchanged, you can go ahead and mark it as sold on the websites.

Step 7: Cooling Off:

In the ACT, the buyer is entitled to a cooling off period of 5 business days, however this can be waived or amended if both parties agree. To change it you need to obtain legal advice and a signed certificate from a solicitor to give to the seller. The cooling off period commences the first business day after you exchanged the contract.  During this time, the buyer can cancel the sale. However, if the buyer makes their offer after bidding at an unsuccessful auction it is generally unconditional with no cooling off period.

If the buyer cancels the sale in this period, they’ll have to forfeit 0.25% of the purchase price. You will need to refund any deposit paid, less the 0.25% - if a deposit hasn’t yet been paid, the buyer will owe you the 0.25%. The 0.25% won’t apply if the buyer has cancelled the sale under allowable conditions within the contract of course.

After the cooling-off period has ended, the balance of the deposit is payable by the buyer and should be held in trust until settlement occurs (e.g. 10% of the purchase price less any holding deposit).

An important thing to keep in mind with regards to cooling off periods in the ACT is that they only apply to the buyer, once you’ve exchanged contracts, you cannot simply cancel the sale as a seller.
Once the sale has cooled off or unconditionally exchanged, you can go ahead and mark it as sold on the websites.

Step 8: Settlement:

On signing the contract, you and the buyer will agree to a settlement date. Settlement is commonly 30 to 90 days after exchange but this can be varied if both parties agree. At settlement the buyer 'settles' their purchase by paying the purchase price, less their deposit. They must also reimburse the cost of the building and compliance inspection report, and pest inspection report. If you're using a solicitor, they may meet with the buyer’s solicitor to ensure they have everything needed for the sale to proceed.

With those steps out of the way it’s time to put your feet up and congratulate yourself on a job well done – you’ve just successfully sold your house without an agent.

Selling via Auction:

If there is high demand for your property you may prefer to sell it at auction. Ideally you should book your Auctioneer prior to listing your property, so that the date and time can be included in any advertising.

The auction conditions, contract for sale of residential property and required documents must be on display for at least 30 minutes before the auction starts.

Once the reserve price is met or exceeded, then the property is sold. If no reserve was set, then the highest bidder wins at any price. There is no cooling-off period and the contract of sale is unconditional.

Settlement occurs in the same way as for a private treaty sale.

Selling by Tender:

This method of selling can also be used. Buyers are required to submit their written offer by a specified time, and the seller can choose to accept the highest bid (or not). A holding deposit may be required with the bid. There is no cooling off period under this method.

If you're thinking about selling your property privately in Queensland, the first thing to consider is whether you have a right to sell your property without an agent. The answer is yes, you absolutely do. If you’re at all worried about this, you can confirm it with the Office of Fair Trading Queensland. With that out of the way, let’s discuss the steps to selling your own home in Queensland.

Step 1: Preparing the contract of sale:

Ensure you have your contract of sale drawn up by a solicitor before advertising your property for sale. It will need to include a warning statement directly above where the buyer signs, you can find the wording of this here http://www.qld.gov.au/law/housing-and-neighbours/buying-and-selling-a-property/buying-a-home/making-an-offer-on-a-home/contract-of-sale/ . In your contract, specify if any chattels are to be excluded, such as pot plants or appliances. Dishwashers, rangehoods, curtains and blinds are generally included in the sale.

If you have a pool then you must either obtain a pool safety certificate from a licensed inspector, or give the buyer a Form 36 – ‘notice of no pool safety certificate’ before selling (available from QBCC at https://www.qbcc.qld.gov.au/home-building-owners/pool-safety/selling-or-leasing-property-pool ). A copy of the completed Form 36 must be sent to QBCC before settlement. The buyer must obtain a pool safety certificate within 90 days of settlement.

We can provide you with a free digital copy of a blank contract of sale, as well as any related forms.

Step 2: Setting your price:

When you set your price ensure it does not misrepresent the property’s sale price, as that is illegal. The selling price should not be lower than an agent’s estimated price or the lowest amount you would accept. To research your price, you can:

Step 3: Open Homes and Private Inspections:

Once your property is advertised you will likely need to allow buyers to inspect the property through open homes or private inspections. Prospective buyers may then request a copy of the contract of sale.

Step 4: Receiving the offer:

Generally, offers are submitted in the way of a signed contract of sale. Only written offers can lead to a binding contract. Sometimes buyers may add an expiration clause to the sale contract so that the offer does not remain open indefinitely if the vendor has not signed by a certain date. Have your solicitor review any changes made by the buyer to the sales contract.

If someone makes you an offer on your property you may take a holding deposit of the full amount or a nominated partial amount. This should be held in your solicitor’s trust account or a trust account you’ve arranged through PropertyNow, to be returned if you do not accept the offer.

Step 5: Signing the contract of sale:

The next step in the legal process of selling a property in QLD is for you and the buyer to both sign the contract of sale. Once an offer is counter-signed by the vendor it becomes an enforceable contract of sale. All signatories must be given a copy.

From this point, you could consider marking your property as “Under Contract” on various websites, but you should still keep a record of any enquiries from other buyers in case the sale falls through.

Step 6: Exchange:

Exchange simply means that both you and the buyer have signed a copy of the contract of sale and have exchanged these with each other. Exchange doesn’t necessarily have to happen in person, it can also be done via mail or via a third party such as your conveyancer. Keep in mind that you and the buyer aren’t legally bound until all copies of the contract have been signed and exchanged.

Step 7: Cooling Off:

In QLD, the buyer of residential property is entitled to a cooling off period of five business days (there are some exceptions). The cooling off period commences from when the buyer receives a copy of the contract of sale signed by both parties. During this time, the buyer can cancel the sale but will have to pay the seller a termination penalty of up to 0.25 per cent of the sale price. The deposit must be refunded within 14 days.

Be aware that there is no cooling off period after an unsuccessful auction when:

  • an offer is accepted within two full business days after the auction, or
  • the buyer was a registered bidder.

To withdraw from a sale, the buyer must notify the seller or their agent in writing, sign it and deliver it by 5pm on the fifth day. They can do so in person, by email or fax.

You can cancel or reduce the cooling off period if you want to by notifying the seller or their agent in writing.

After the cooling-off period has ended, the balance of the deposit is payable by the buyer and should be held in trust until settlement occurs (e.g. 10% of the purchase price less holding deposit).

An important thing to keep in mind with regards to cooling off periods in QLD is that they only apply to the buyer, once you’ve exchanged contracts, you cannot simply cancel the sale as a seller.
Once the sale has cooled off or unconditionally exchanged, you can go ahead and mark it as sold on the websites.

Step 8: Settlement:

On signing the contract, you and the buyer will agree to a settlement date. Settlement is commonly 30 to 90 days after exchange but this can be varied if both parties agree. At settlement the buyer 'settles' their purchase by paying the purchase price, less their deposit. If you're using a solicitor, they may meet with the buyer’s solicitor to ensure they have everything needed for the sale to proceed.
With those steps out of the way it’s time to put your feet up and congratulate yourself on a job well done – you’ve just successfully sold your house without an agent. Hopefully we’ve demystified the sale process for you somewhat but if you’re still confused about anything leave us a comment below or get in touch with us at propertynow.com.au

Selling via Auction:

If there is high demand for your property you may prefer to sell it at auction. Ideally you should book your Auctioneer prior to listing your property, so that the date and time can be included in any advertising.

Once the reserve price is met or exceeded, then the property is sold. If there is no reserve price, then the highest bidder wins. There is no cooling-off period for a property sold at auction and the contract of sale is unconditional.

Settlement occurs in the same way as for a private treaty sale.

Sell Real Estate In Tasmania

No agent sale in Tasmania

Talking with Leon Compton on ABC Radio, our licensee Andrew Blachut discusses the options for selling your home in Tasmania. Can owners negotiate a better deal on commissions? In fact Mr Blachut argues that homeowners can sell without paying a commission at all! Play the audio to hear more.

How selling a house in Tasmania works

In Tasmania, the common way to make an offer to buy real estate is by the purchaser signing a formal offer in the form of a contract, which outlines the important terms of the transaction.
Currently there is a ‘pro-forma’ Contract For Sale of Real Estate commonly used by real estate agents, conveyancers, and solicitors.

This contract is in two parts:

  1. Standard Conditions of Sale; and
  2. Particulars of Sale

The two parts together form the contract. Use of this form of contract is not mandatory and this form of contract can be adapted by agreement between vendor and purchaser.

The purchaser’s formal offer to purchase the property will include details such as:
(a) The purchase price being offered by the Purchaser;
(b) The details of the deposit offered;
(c) The description of the property and details of chattels (e.g. stove, curtains, heaters) being sold with the property;
(d) The timeframe proposed by the purchaser for settlement;
(e) ‘Conditions precedent’ required by the purchaser which may commonly include:
(i)  A finance condition – that the Purchaser can get the money they need to buy;
(ii) A building inspection report condition – the Purchaser has had the property independently inspected;
(iii) A condition regarding the offer being subject to the sale of the purchaser’s home – if the purchaser cannot buy a new house without selling their current house;
(iv) A condition that there are no legal restrictions on the use of the property which may hinder or prevent its use for the purpose proposed by the purchaser (e.g. the Purchaser may only wish to purchase the property if they can secure council approval for development for units, for example).

At the time of writing change to existing state legislation is being discussed which may result in the introduction of a Vendor Statement which will be required when selling. Unlike other states except WA, at the time of writing, there is no mandatory cooling off period for a property transaction within Tasmania.

Tasmanian private seller review

Michael sold his property in Lenah Valley in April 2018 and said "Very good website, with good functionality & very easy to use. Great brochures, & for sale sign. Would recommend to anyone as the best way to sell your home." View the sold listing
 

Are you wondering "Can I private sell my house SA"? The first thing to consider is whether you have a legal right to sell your property without an agent. The answer is yes, you absolutely do. If you’re at all worried about this, you can confirm it with South Australian Consumer and Business Services. With that out of the way, let’s discuss the steps to selling your own home in South Australia.

Step 1: Preparing the contract of sale in real estate SA

Ensure you have your contract drawn up by your solicitor or conveyancer before advertising your property for sale. This will include the Vendor’s Statement (called a Form 1) which includes details of the property title, outstanding mortgages, easements, zoning and outgoings. In your contract specify if any chattels are to be excluded, such as pot plants or appliances. Dishwashers, rangehoods, curtains and blinds are generally included in the sale.

The Vendor’s Statement must be given to a private treaty buyer at least 10 clear days before settlement.

Step 2: Setting your price:

When you set your price ensure it does not misrepresent the property’s sale price, as that is illegal. The selling price should not be lower than an agent’s estimated price or the lowest amount you would accept. To research your price, you can:

Step 3: Open Homes and Private Inspections

Once your property is advertised you will likely need to allow buyers to inspect the property through open homes or private inspections. At this time (or on request), you should provide prospective buyers with a copy of the Buyers Information Notice (‘Form R3’), available here: http://www.sa.gov.au/__data/assets/pdf_file/0011/18857/Form-R3.pdf . You can supplement this with the ‘Assessing suitability of a property statement’, downloadable here: http://www.sa.gov.au/__data/assets/pdf_file/0013/10714/Assessing_suitability_of_a_property_statement.pdf .

Step 4: Receiving the offer:

Every offer and counter-offer must be put in writing and signed. Sometimes buyers may add an expiration clause to the sale contract so that the offer does not remain open indefinitely if the vendor has not signed by a certain date. Have your solicitor or conveyancer review any changes made by the buyer to the sales contract.

If someone makes you an offer on your property you may only take a holding deposit of up to $100.
This would generally be held in your solicitor’s trust account or a trust account you’ve arranged through PropertyNow, to be returned if you do not accept the offer.

Step 5: Signing the contract of sale for real estate SA:

The next step in the legal process of selling a property in SA is for you and the buyer to both sign the contract of sale. Once an offer is counter-signed by the vendor it becomes an enforceable contract of sale.

There should be two copies of the contract, one for you and one for the buyer to both sign. From this point, you could consider marking your property as “Under Contract” on various websites, but you should still keep a record of any enquiries from other buyers in case the sale falls through.

Step 6: Exchange of real estate SA:

Exchange simply means that both you and the buyer have signed a copy of the contract of sale and have exchanged these with each other. Exchange doesn’t necessarily have to happen in person, it can also be done via mail or via a third party such as your conveyancer. Keep in mind that you and the buyer aren’t legally bound until all copies of the contract have been signed and exchanged.

Step 7: Cooling Off:

In SA, the buyer is entitled to a cooling off period of two business days. This commences from the latter of when the vendors statement was received and when the contract of sale was signed. During this time, the buyer can cancel the sale. If the buyer cancels the sale in this period, they’ll have to forfeit the holding deposit.

To withdraw from a sale, the buyer must complete a signed cooling-off notice and deliver it to the vendor or their agent via registered post, fax or in person.

After the cooling-off period has ended, the balance of the deposit is payable by the buyer and should be held in trust until settlement occurs (e.g. 10% of the purchase price less $100 holding deposit).

An important thing to keep in mind with regards to cooling off periods in SA is that they only apply to the buyer, once you’ve exchanged contracts, you cannot simply cancel the sale as a seller.
Once the sale has cooled off or unconditionally exchanged, you can go ahead and mark it as sold on the websites.

Step 8: Settlement of real estate SA:

On signing the contract, you and the buyer will agree to a settlement date. Settlement is commonly six weeks after exchange but this can be varied if both parties agree. At settlement the buyer 'settles' their purchase by paying the purchase price, less their deposit. If you're using a solicitor, they may meet with the buyer’s solicitor to ensure they have everything needed for the sale to proceed.

With those five steps out of the way it’s time to put your feet up and congratulate yourself on a job well done – you’ve just successfully sold your house without an agent. Hopefully we’ve demystified the sale process for you somewhat but if you’re still confused about anything leave us a comment below or get in touch with us at propertynow.com.au

Selling via Auction for Real estate southern Australia

If there is high demand for your property you may prefer to sell it at auction. Ideally you should book your Auctioneer prior to listing your property, so that the date and time can be included in any advertising.

The vendor’s statement (Form 1) and buyer’s information notice (Form R3) must be available for inspection for at least three business days prior to the auction at the auctioneer’s or agent’s office, and must be on display at the auction for at least 30 minutes prior to the auction start time. The reserve price cannot be more than 110% higher than the price you stated in the sales agency agreement if you are using an agent.

Once the reserve price is met or exceeded, then the property is sold. There is no cooling-off period for a property sold at auction. If the property is passed in, but the sale is negotiated after on the same day as the auction, there is still no cooling-off period.

Settlement occurs in the same way as for a private treaty sale.

If you're thinking "Can I privately sell my house Victoria?" the first thing to consider is whether you have a right to sell your property without an agent. The answer is yes, you absolutely do. If you’re at all worried about this, you can confirm it with Consumer Affairs Victoria. With that out of the way, let’s discuss the steps to selling your own home in Victoria. Whilst reading these steps, keep in mind that, if you decide to sell with PropertyNow, we'll be there to help you every step of the way.

Step 1: Preparing the contract of sale for real estate Victoria:

Ensure you have your contract of sale drawn up by your solicitor or conveyancer before advertising your property for sale. They will also need to prepare a Vendor’s Statement (also known as a Section 32) which includes details of the property title, outstanding mortgages, covenants, easements, zoning, outgoings and declaration if located in a bushfire-prone area. You must sign this legal document, and if it is found to be inaccurate or incomplete the buyer can take legal action or back out of their purchase. In your contract specify if any chattels are to be excluded, such as pot plants or appliances. Dishwashers, rangehoods, curtains and blinds are generally included in the sale.

The Vendor’s Statement must be made available at all open for inspections, and given to the buyer before the property is sold.

If you are selling in an owners’ corporation, it is required that you provide an owners’ corporation certificate with related documents.

Step 2: Setting a price on real estate Victoria

When you set your price ensure it does not misrepresent the property’s sale price, as that is illegal. The selling price should not be lower than an agent’s estimated price or the lowest amount you would accept. To research your price, you can:

Step 3: Open Homes and Private Inspections

Once your property is advertised you will likely need to allow buyers to inspect the property through open homes or private inspections. At this time (or on request), you must provide prospective buyers with a copy of the Due Diligence Checklist, available here: https://www.consumer.vic.gov.au/housing-and-accommodation/buying-and-selling-property/checklists/due-diligence .

Step 4: Receiving the offer:

Generally, offers are submitted in the way of a signed contract of sale. Only written offers can lead to a binding contract. Sometimes buyers may add an expiration clause to the sale contract so that the offer does not remain open indefinitely if the vendor has not signed by a certain date. Have your solicitor or conveyancer review any changes made by the buyer to the sales contract.

If someone makes you an offer on your property you may take a holding deposit of the full amount or a nominated partial amount. This should be held in your solicitor’s trust account or a trust account you’ve arranged through PropertyNow, to be returned if you do not accept the offer.

Step 5: Signing the contract of sale for real estate Victoria:

The next step in the legal process of selling a property in VIC is for you and the buyer to both sign the contract of sale. Once an offer is counter-signed by the vendor it becomes an enforceable contract of sale. All signatories must be given a copy.

From this point, you could consider marking your property as “Under Contract” on various websites, but you should still keep a record of any enquiries from other buyers in case the sale falls through.

Step 6: Exchange of real estate VIC:

Exchange simply means that both you and the buyer have signed a copy of the contract of sale and have exchanged these with each other. Exchange doesn’t necessarily have to happen in person, it can also be done via mail or via a third party such as your conveyancer. Keep in mind that you and the buyer aren’t legally bound until all copies of the contract have been signed and exchanged.

Step 7: Cooling Off of real estate VIC:

In VIC, the buyer of a residential or small rural property is entitled to a cooling off period of three business days (there are some exceptions). The cooling off period commences from when the buyer (not the vendor) signs the contract of sale. During this time, the buyer can cancel the sale. If the buyer cancels the sale in this period, they’ll forfeit the greater of $100 or 0.2 per cent of the sale price with any balance being refunded.

Be aware that an offer accepted within three full business days before or after an auction has no cooling-off period.

To withdraw from a sale, the buyer must complete a signed cooling-off notice and deliver it to the vendor or their authorised agent.

After the cooling-off period has ended, the balance of the deposit is payable by the buyer and should be held in trust until settlement occurs (e.g. 10% of the purchase price less holding deposit).

An important thing to keep in mind with regards to cooling off periods in VIC is that they only apply to the buyer, once you’ve exchanged contracts, you cannot simply cancel the sale as a seller.

Once the sale has cooled off or unconditionally exchanged, you can go ahead and mark it as sold on the websites.

Step 8: Settlement:

On signing the contract, you and the buyer will agree to a settlement date. Settlement is commonly 30 to 90 days after exchange but this can be varied if both parties agree. At settlement the buyer 'settles' their purchase by paying the purchase price, less their deposit. If you're using a solicitor, they may meet with the buyer’s solicitor to ensure they have everything needed for the sale to proceed.

With those steps out of the way it’s time to put your feet up and congratulate yourself on a job well done – you’ve just successfully sold your house without an agent. Hopefully we’ve demystified the sale process for you somewhat but if you’re still confused about anything leave us a comment below or get in touch with us at propertynow.com.au

Selling via Auction:

If there is high demand for your property you may prefer to sell it at auction. Ideally you should book your Auctioneer prior to listing your property, so that the date and time can be included in any advertising.

The Victorian auction rules and auction information statement must be on display at the auction for at least 30 minutes prior to the auction start time. Penalties apply for breaking these rules.

Once the reserve price is met or exceeded, then the property is sold. There is no cooling-off period for a property sold at auction (or within three days before or after) and the contract of sale is unconditional.

Settlement occurs in the same way as for a private treaty sale.

Are you asking yourself "Can I private sell my house WA"? The first thing to consider is whether you have a legal right to sell your property in Western Australia without an agent. The answer is yes, you absolutely do. If you’re at all worried about this, you can confirm it with the Department of Commerce in Western Australia. With that out of the way, let’s discuss the steps to selling your own home in Western Australia.

Step 1: Preparing the contract of sale:
Ensure you have your contract of sale drawn up by your solicitor or licensed settlement agent (conveyancer) before advertising your property for sale. This is known as the Contract for Sale of Land or Strata Title by Offer and Acceptance (or O and A for short).  They will also need to provide a Joint Form of General Conditions for the Sale of Land (the General Agreement) to the buyer and vendor when an offer is made. In your contract specify if any chattels are to be excluded, such as pot plants or appliances. Dishwashers, rangehoods, curtains and blinds are generally included in the sale.

Step 2: Setting your price:
When you set your price ensure it does not misrepresent the property’s sale price, as that is illegal. The selling price should not be lower than an agent’s estimated price or the lowest amount you would accept. To research your price, you can:

  • Request a free property valuation report online at PropertyNow.com.au, and if available you will also receive a free property suburb report for your postcode. Research similar sold properties and for sale properties online
  • Obtain a valuation from an independent property Valuer.
  • Request a property valuation estimate or range from real estate agents.

Step 3: Open Homes and Private Inspections
Once your property is advertised you will likely need to allow buyers to inspect the property through open homes or private inspections.

Step 4 is Receiving the offer: Offers are submitted in the way of a signed O and A. Sometimes buyers may add an expiration clause to the sale contract so that the offer does not remain open indefinitely if the vendor has not signed by a certain date. Have your solicitor or conveyancer review any changes made by the buyer.

If someone makes you an offer on your property you may take a holding deposit of the full amount or a nominated partial amount. This should be held in your solicitor’s trust account or a trust account you’ve arranged through PropertyNow, to be returned if you do not accept the offer. No deposit is necessary however.

Step 5 is Signing the contract of sale of real estate WA: The next step in the legal process of selling a property in WA is for you to sign the O and A. Once the document is signed by you and the buyer is notified that you have accepted, it becomes a binding contract of sale. Any changes or counter-offers can be made on the O and A and initialled. A copy must be given to the buyer and vendor.

From this point, you could consider marking your property as “Under Contract” on various websites, but you should still keep a record of any enquiries from other buyers in case the sale falls through.

In real estate WA, there is no cooling off period for the buyer or seller so you can go ahead and mark it as sold on the websites. 

Step 7 is Settlement: On signing the contract, you and the buyer will agree to a settlement date. Settlement is commonly 30 to 60 days after exchange. At settlement the buyer 'settles' their purchase by paying the purchase price, less their deposit. If you're using a solicitor, they may meet with the buyer’s solicitor to ensure they have everything needed for the sale to proceed.
With those steps out of the way it’s time to put your feet up and congratulate yourself on a job well done – you’ve just successfully sold your house without an agent.

Hopefully we’ve demystified the sale process for you somewhat but if you’re still confused about anything leave us a comment below or get in touch with us at propertynow.com.au


Sell Real Estate WA via Auction
If there is high demand for your property you may prefer to sell it at auction. Ideally you should book your Auctioneer prior to listing your property, so that the date and time can be included in any advertising.

On the day of the auction you should set your minimum price with the auctioneer, this is the reserve. Once the reserve price is met or exceeded, then the property is sold. There is no cooling-off period and the contract of sale is unconditional. The winning bidder signs the offer to buy, which is then accepted and signed by the auctioneer on behalf of the vendor.

The deposit which is usually 10% is immediately payable at the end of the auction.

Settlement occurs in the same way as for a private treaty sale.