Luxe Listings Sydney star Gavin Rubenstein reveals how much estate agents really earn

Luxe Listings Sydney star Gavin Rubinstein has revealed how much commission estate agents typically earn on their property sales.

The 32-year-old estate agent said some could take home 100% of their fees, but said most kept between 50 and 60%.

Gavin said the key to a successful property sale is understanding that no property is too big or too small.

“It all adds up at the end of the day. 10 million dollar deals equals a $10 million sale,’ he revealed on The Kyle and Jackie O Show.

The reality TV star said more expensive properties take longer to sign than cheaper ones, so it may be worth focusing on selling more expensive homes.

He added that real estate agents working in low-value real estate areas can still make a lot of money if they close a lot of deals.

Earlier this week, Gavin revealed his biggest tips for real estate investing and the one area he always recommends buying because his prices “never go down”.

He told the Daily Telegraph he had bought all of his investment properties in Sydney’s eastern suburbs and would never buy out of state.

He also revealed his three key tips for budding investors.

The advice was: always buy houses near the beach, only buy units to own the whole building in strata, and avoid selling.

Gavin has made a name for himself buying and selling houses in the affluent eastern suburbs of Sydney, where all his real estate is located.

The luxury estate agent said the trend in the area has “continued to rise” steadily.