Current $490,000 breakpoint
Verified with caveatMike Pero commission and selling fees in NZ
See the current Mike Pero residential commission formula, $490 administration fee, GST, worked examples and why PropertySeller does not use the stale $390,000 breakpoint.
Use the current $490,000 breakpoint, then confirm that the same structure applies to the independently operated office and property.
- Evidence status
- Verified with caveat
- Last verified
- 31 August 2026
- Pricing scope
- Nationwide franchise network
- Calculator treatment
- Numerical examples use the central V2 engine
01
What the current evidence supports
V2 research supports a current residential structure of 2.95% on the first $490,000, 1.95% on the balance, plus a $490 administration fee, with GST added. Repeated third-party text using $390,000 is retained only as a superseded audit record and is never calculated.
- 2.95% applies to the first $490,000 of the expected sale price.
- 1.95% applies to the balance above $490,000.
- A $490 administration fee is added before GST.
- The current calculator applies GST once at 15%.
02
Worked commission examples
These examples are generated by the same pricing records and calculation engine used by the calculator. Marketing and optional costs are not added unless the published record identifies a mandatory amount.
| Published structure | Sale price | Commission ex GST | Known fees ex GST | GST | Displayed total |
|---|---|---|---|---|---|
| Residential published structure Nationwide | $800,000 | $20,500.00 | $490.00 | $3,148.50 | $24,138.50 Estimated total incl GST |
| Residential published structure Nationwide | $1,000,000 | $24,400.00 | $490.00 | $3,733.50 | $28,623.50 Estimated total incl GST |
03
What still needs confirming
Published commission is only one part of a seller proposal. Resolve every unknown before comparing totals.
- Independently operated offices should confirm that the published structure applies locally.
- Marketing, rural, commercial and industrial pricing may differ.
- Optional campaign charges are not included in the headline estimate.
04
Questions to put in writing
- Does this office use the current $490,000 breakpoint?
- Which property categories are covered by the written quote?
- What marketing and optional charges are additional?
- Is any negotiated reduction recorded in the agency agreement?
05
Compare the likely net result, not fee alone
A lower commission does not establish the better agent or campaign. Compare relevant local evidence, appraisal quality, buyer strategy, marketing, service responsibilities and negotiation approach. A small difference in sale price can outweigh a difference in commission.