Agents owned houses in Australia can be worth up to $1.8 million, according to the latest data from the Australian Real Estate Board.
Agents can also earn millions by selling the properties for cash, but this is rare.
“Agents own the house, they don’t sell it, they manage it,” said a former agent who asked not to be named.
“They don’t make money off it.”
Agents are typically paid between $30,000 and $60,000, but agents often negotiate salaries that range between $80,000 to $140,000.
This means agents are earning an average of $8 per hour, or $2,000 a day.
Agents are usually responsible for all the costs associated with the property, including rent, utilities, security and maintenance.
Agents earn more from selling properties that they do not own.
A former agent said the majority of agents earn between $15,000-20,000 per year.
Agents also get a cut of the money the property is sold for.
Agents’ salaries can also vary from the minimum wage to high-end properties.
A recent report by Real Estate Agents Australia found agents earned around $50,000-$80,00 a year, but many agents made more than $200,000 for a house.
“There are a lot of agents who are really good at what they do and do it really well, but there’s a lot who don’t do it well and can’t live with themselves,” the agent said.
“I would say most of them will be in a position where they’ll lose money on a property, and the property will be theirs.”
The highest-earning agents tend to live in the inner west, according the report, but some agents live in suburbs such as Cairns, the Sunshine Coast and Gold Coast.
Agents who sell houses worth more than that can earn up to twice that amount.
Agents have to pay $30 per week in rent for the home they are leasing, and $35 per week to their clients for utilities.
Agents often make more than agents who live in smaller suburbs.
A new report by the Australian Competition and Consumer Commission found that agents can earn between 50 per cent and 70 per cent more than other Australian renters.
A high-earner’s rent can also rise if they sell their property.
The average agent earned between $55,000 – $100,000 from the sale of a property.
“When you have to do the rent, you’re not just paying the rent and making the mortgage repayments, you also have to manage the other expenses,” the former agent added.
A house agent has been around for decades, but now the industry is changing.
A number of new agents have been established, and a handful of agents have left the industry altogether.
Agent turnover has also decreased over the past decade, with agents now working in more than 100 locations around the country.
However, the number of agents in Australia has remained the same, with just a handful selling homes.
In the past, agents made between $200-250,000 annually, but the average salary for an agent is around $80-100,00.
Agents make a profit on the properties they sell, but don’t profit from them, or from their clients’ property.
Agents may sell a property for $50-60,00, but they will still be responsible for the cost of the property itself.
“If you want to sell your house and it’s a high-rise, that’s the money, you’ll make a lot more,” the old agent said, adding that the difference between agents earning $100k-150k a year is huge.
“You’ll make more money on it, but you still have to work hard, you still get a salary.”
This is partly due to the fact that most agents work at night, with many not getting a day off.
Agents don’t usually get a home office, but sometimes they work on the side, doing errands or looking after people.
“That’s why they’re making a lot less than people who work on nights and weekends, who are working for a lot longer hours,” the retired agent said of the low wages.
A lack of money is also a problem for agents.
Agents usually don’t have enough cash to pay their rent, mortgage or utilities.
The amount a home agent earns varies depending on the property they sell.
The most expensive properties can cost agents up to three times the average rent.
A $500,000 house in Sydney can cost between $1 million and $2.5 million, depending on its location and condition.
