With the huge price increases we've seen, agents' percentages are steady, so they too are banking big pay increases.
On a sale of $900,000, around $30,000 will go to the agent.
The question therefore remains, in a sellers' market; does it make sense to cut out the middle man?
Graham Squires is with Massey University's school of Economics and Finance and he told Tim Dower he can see a future where more New Zealanders take a DIY approach to selling property.
“There’s going to be a few sellers, I would imagine, who want to, as you say, cut out the middle man and start to take more of a DIY ethos when they see such a high proportion of the house price being ripe for the pickin.”
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