How much real estate agents REALLY make – and it’s LESS than the average Australian
- Not all real estate agents are earning big money unless they sell many properties
- Successful agents earn a mean of $82,045 but the median income is $54,539
- Male agents earn a median income of $76,804 – 35 per cent less than women
They’re one of the least trusted professions who may believe are keen to make money off clients in any way they can.
But Josh Sammut, who works for Professionals Chambers Fleming in Padstow, south-west of Sydney said on Friday that some real estate agents struggle to make ends meet.
The average income for real estate agents is $82,045, which is 50 per cent higher than the median income of $54,539.
The average Australian full-time worker earns an average salary of $82,436 a year.
Real estate agents who struggle to sell a number of properties each month won’t be rolling in cash
The average income for real estate agents is $82,045, which is 50 per cent higher than the median income of $54,539
But that high average income is skewed by agents at the top of the ladder who are earning enormous amounts.
Most agents earn money through a monthly base wage along with commission from selling properties.
If the amount an agent earns on commissions exceeds the base wage, the difference is added to their pay.
‘If you’re selling one property a month you’re basically earning that minimum wage,’ Mr Sammut told the Sydney Morning Herald.
Agents who fail to sell any properties within a month would have to earn twice their monthly wage in commissions the next month to earn any extra money.
Male real estate agents earn a median yearly personal income of $76,804 – 35 per cent higher than female agents.
Most female agents work in property management, which pays a stable monthly income, but most male agents work in sales, Mr Sammut told Daily Mail Australia.
Agents who work in the sales department can earn more than double the amount of property managers, given they’ve put in the hard work and have sold a number of homes.
Most female agents work in property management, which pays a stable monthly income but most male agents work in sales
A recent downturn in the property market saw many agents struggle to make ends meet and in turn, left the industry
Mr Sammut said the competitive nature of being a real estate agent was one of the main reasons he chose to pursue the career.
But a recent downturn in the property market saw many agents struggle to make ends meet and in turn, they left the industry.
‘You’re only really capped by how much you’re willing to put into it,’ he said.