Real Estate Agent Salary in Melbourne
Service
Real estate agents help clients buy, sell, and rent properties.
Job Market Outlook
Mixed work with some tasks that AI can assist or automate
Job supply roughly matches candidate availability
Moderate projected employment growth over 5 years
Sources: Microsoft Research 2025, Jobs and Skills Australia 2025 Occupation Shortage List
Real Estate Agent Take-Home Pay Breakdown in Melbourne
Based on the average Real Estate Agent salary of $89,250 in Melbourne, here's what you can expect to take home after tax, Medicare levy, and superannuation.
| Component | Without HECS | With HECS |
|---|---|---|
| Gross Salary | $89,250 | $89,250 |
| Income Tax | -$17,563 | -$17,563 |
| Medicare Levy (2%) | -$1,785 | -$1,785 |
| HELP/HECS Repayment | $0 | -$3,124 |
| Superannuation (11%) | +$9,818 | +$9,818 |
| Annual Take-Home | $69,902 | $66,779 |
| Monthly Take-Home | $5,825 | $5,565 |
| Fortnightly Take-Home | $2,689 | $2,568 |
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How to Become a Real Estate Agent
Everything you need to know about breaking into a career as a Real Estate Agent in Victoria.
Qualifications Required
- Certificate IV in Property Services (Real Estate)
- Real estate agent license for your state
- Driver's license
- Diploma of Property Services
- Sales or customer service background
- Local area knowledge
Career Progression
Sales Associate / Assistant
Licensed Real Estate Agent
Senior Agent / Top Performer
Principal / Agency Owner
Skills in Demand
Tips for Breaking In
- 1Success is heavily commission-based - expect variable income
- 2Build a strong local reputation and network
- 3Specialize in a geographic area or property type
- 4Invest in marketing and personal brand
- 5Top agents can earn exceptionally high incomes
Career information is general guidance based on industry standards. Requirements may vary by employer and location.
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Real Estate Agent Hourly Rate in Melbourne
Based on a standard 38-hour work week (Australian full-time hours):
Frequently Asked Questions
How much does a Real Estate Agent earn in Melbourne?
The average Real Estate Agent salary in Melbourne is $89,250 per year, or approximately $45 per hour. Salaries range from $52,500 to $210,000 depending on experience.
What is the take-home pay for a Real Estate Agent in Melbourne?
A Real Estate Agent earning $89,250 in Melbourne takes home approximately $69,902 per year after tax, or $5,825 per month. With a HECS debt, take-home drops to $66,779 per year.
How much do Real Estate Agents make per hour in Melbourne?
Real Estate Agents in Melbourne earn approximately $45 per hour on average, based on a 38-hour work week. Entry-level rates start around $27/hour, while senior professionals can earn up to $106/hour.
Is Melbourne a good place to work as a Real Estate Agent?
Melbourne offers Real Estate Agent salaries among the highest in Australia at $89,250. The city has a cost of living index of 95 (Sydney = 100), meaning living costs are lower than Sydney.
About Real Estate Agent Salaries in Melbourne
The average Real Estate Agent in Melbourne, Victoria earns $89,250 per year, or approximately $45 per hour. Salaries typically range from $52,500 for entry-level positions to $210,000 for senior roles with extensive experience.
After income tax, Medicare levy, and other deductions, a Real Estate Agent earning the average salary in Melbourne can expect to take home approximately $69,902 per year, or $5,825 per month.
Melbourne is home to approximately 5.1 million people and has a cost of living index of 95 (where Sydney = 100). This means living costs in Melbourne are lower Sydney.
Key Factors Affecting Real Estate Agent Salaries
- Experience Level: Entry-level positions start around $52,500, while senior roles can reach $210,000.
- Industry: Different industries offer varying compensation for Real Estate Agent roles.
- Company Size: Larger companies typically offer higher salaries and more benefits.
- Location: Melbourne's cost of living influences salary expectations.
- Hourly Rate: Based on a 38-hour week, Real Estate Agents earn $$27-$106 per hour.
Salary data is based on industry reports, job postings, and government statistics. Individual salaries may vary based on experience, qualifications, and employer. Tax calculations are estimates for the 2024-25 financial year.