The 10 Richest Commission Pools in Sydney — And Who's Winning Them
Author: Kent Lardner Date: February 2026 Category: Commission Intelligence
Greater Sydney generated an estimated $372 million in potential commissions across its 14 SA4 regions over the November 2025 to January 2026 quarter. That figure is derived from 15,214 active listings and 5,611 tracked agents, using a tiered commission model applied to verified listing prices and median-imputed values where prices were withheld.
The distribution of that $372 million is uneven. The gap between Sydney's richest commission pool and its tenth-ranked region is nearly $20 million per quarter — a spread that has material implications for how recruitment teams allocate effort, where office expansion makes financial sense, and which markets justify the cost of targeting top producers.
This analysis ranks Sydney's 10 largest commission pools by total estimated quarterly commissions and examines what the underlying data reveals about agent density, median pricing, and competitive concentration in each market.
1. North Sydney and Hornsby — $42.1 million
The North Shore dominates Sydney's commission landscape. Across 26 SA2 areas, 530 agents shared an estimated $42.1 million commission pool from 1,353 active listings over the quarter. The median listing price of $1.54 million places this market firmly in the mid-to-upper tier, but the sheer volume of activity — rather than ultra-premium pricing alone — drives the aggregate pool to the top of the table.
The average estimated commission per listing sits at $31,090, the second-highest across Sydney's SA4 regions. With 2.6 listings per agent on average, this is a competitive market. The top-ranked agent in this region generated an estimated $927,200 in quarterly commissions, representing roughly 2.2% of the total pool — a relatively low concentration, suggesting earnings are distributed across a broad base of active producers rather than dominated by a small group.
For recruitment teams, North Sydney and Hornsby represents a deep, high-velocity market where consistent performers are numerous but not always visible from the outside.
2. South West Sydney — $34.6 million
South West Sydney's commission pool of $34.6 million is volume-driven. This region recorded 1,752 active listings — more than any other Sydney SA4 — across 32 SA2 areas. The median listing price of $1.06 million is moderate by Sydney standards, but the density of transactional activity pushes the total pool to second place.
What makes this region notable from a recruitment perspective is the concentration at the top. The leading agent in South West Sydney generated an estimated $3.23 million in quarterly commissions — an extraordinary figure that accounts for 9.3% of the entire regional pool. That level of individual dominance is uncommon in metro Sydney and signals a market where one or two high-volume operators capture a disproportionate share of available commissions.
There are 523 agents tracked in this region. The average commission per listing is $19,738, the second-lowest among Sydney's top 10.
3. Inner South West — $31.2 million
Inner South West covers 41 SA2 areas — the highest SA2 count of any Sydney SA4 — and generated an estimated $31.2 million in quarterly commissions from 1,393 listings. With 526 tracked agents and a median listing price of $1.26 million, this region sits in the mid-market but delivers aggregate scale through geographic breadth.
The estimated commission per listing averages $22,411. Agent density is relatively high at 2.6 listings per agent, and the top producer generated an estimated $776,187 — representing 2.5% of the total pool. This is a market characterised by moderate individual earnings but significant collective opportunity. Recruitment teams looking for experienced agents in a stable, mid-priced market should pay attention to the SA2-level variation within this region, which ranges from higher-value pockets near the inner ring to more affordable suburbs further south.
4. Baulkham Hills and Hawkesbury — $30.1 million
This region punches above its listing count. With just 1,086 active listings — fewer than most top-10 SA4s — Baulkham Hills and Hawkesbury still generated an estimated $30.1 million in quarterly commissions. The reason is pricing. The median listing price of $1.75 million is the second-highest across Sydney's SA4 regions, and the average commission per listing of $27,672 reflects that premium.
The top agent in this market generated an estimated $1.35 million in quarterly commissions, capturing 4.5% of the pool. With only 407 tracked agents across 20 SA2 areas, this is one of Sydney's tighter markets in terms of agent competition. There are 2.7 listings per agent on average — not overcrowded, but not wide open either.
For groups considering office expansion into Sydney's north-west growth corridors, this data suggests a premium-priced market with relatively constrained agent supply.
5. Eastern Suburbs — $29.0 million
The Eastern Suburbs carries the highest commission per listing of any Sydney SA4 at $38,398 — roughly double the rate of South West Sydney. The median listing price of $1.93 million sits behind only the Northern Beaches, but the commission density per transaction makes this market exceptionally efficient for productive agents.
The total pool of $29.0 million came from just 754 active listings across 20 SA2 areas, with 272 tracked agents. That's 2.8 listings per agent. The top producer generated an estimated $1.82 million for the quarter, capturing 6.3% of the regional pool — the second-highest individual concentration in Sydney's top 10.
This is a market where a relatively small number of high-performing agents capture outsized earnings. Recruitment in this region is less about volume and more about identifying the agents who are consistently winning premium mandates. The SA2-level data reveals significant variation — harbourside SA2s like Rose Bay and Vaucluse generate commission densities that dwarf inner areas like Randwick or Kensington.
6. Parramatta — $27.0 million
Parramatta is Sydney's most agent-dense SA4 region. With 592 tracked agents competing across 1,403 listings and 31 SA2 areas, the average agent handles just 2.4 listings — the lowest ratio in the top 10. The estimated commission pool of $27.0 million is substantial, but spread thinly across the largest agent base in Sydney.
The median listing price of $815,000 is the lowest of any region in Sydney's top 10, and the average commission per listing of $19,212 sits at the bottom of the table. The top agent generated an estimated $594,570 — just 2.2% of the pool.
For recruitment teams, Parramatta presents a challenge: the pool is large enough to attract attention, but the number of agents competing for it suppresses individual earnings. The value here may be in identifying underperforming SA2 pockets where agent supply is thin relative to listing activity, rather than targeting the market broadly.
7. Blacktown — $26.5 million
Blacktown generated an estimated $26.5 million from 1,319 listings across 23 SA2 areas. The median listing price of $1.12 million sits in the mid-market, and the average commission per listing of $20,115 is modest. There are 455 tracked agents, with 2.9 listings per agent on average.
The top agent in this region generated an estimated $868,450, representing 3.3% of the pool. This is a market where volume matters — the agents earning the most are typically those handling a high number of transactions at moderate price points rather than a small portfolio of premium listings.
Blacktown's SA2 areas span a wide range of housing stock and price bands, from established suburbs through to newer development corridors. The commission intelligence at SA2 level is more revealing than the SA4 aggregate suggests.
8. City and Inner South — $26.2 million
Sydney's CBD and surrounding inner-south suburbs generated an estimated $26.2 million in quarterly commissions from 1,099 listings. This region has 505 tracked agents across 25 SA2 areas, giving it the second-highest agent density in the top 10 at 2.2 listings per agent.
The median listing price of $1.10 million and average commission of $23,824 per listing reflect a market that blends high-value terraces and freestanding homes with a significant volume of apartment stock. The top agent generated an estimated $513,580 — just 2.0% of the pool, the lowest individual concentration in the top 10.
This is the most fragmented commission market in Sydney. Earnings are dispersed across a wide agent base with no dominant individual producers. For recruitment, the opportunity lies in identifying consistent performers within specific SA2 niches rather than targeting the region as a whole.
9. Northern Beaches — $24.6 million
The Northern Beaches carries the highest median listing price in Sydney at $2.30 million and the highest average commission per listing at $33,582. The estimated quarterly pool of $24.6 million came from just 733 listings across 19 SA2 areas — the lowest listing count and narrowest geographic footprint in the top 10.
With 252 tracked agents, this is a small, premium market. The top producer generated an estimated $564,877, capturing 2.3% of the pool. Agent-to-listing ratios sit at 2.9, suggesting moderate competition.
The Northern Beaches is a recruitment target for groups seeking agents who operate in premium price brackets with lower transaction volumes but higher per-deal returns. The geographic isolation of the peninsula also creates natural market boundaries that favour entrenched local operators.
10. Inner West — $22.4 million
The Inner West rounds out the top 10 with an estimated $22.4 million in quarterly commissions from 788 listings across 21 SA2 areas. The median listing price of $1.31 million and average commission of $28,396 per listing position this as one of Sydney's more efficient mid-to-upper markets.
There are 375 tracked agents, but the listings-per-agent ratio of 2.1 is the lowest in the top 10 — making this the most competitive market in terms of agents competing for available stock. The top agent generated an estimated $1.14 million, capturing 5.1% of the pool, a relatively high concentration that suggests pockets of individual dominance.
The Inner West has long been a stronghold for boutique agencies, and the commission data reflects that. A few high-performing agents generate outsized returns while the broader market is intensely contested.
What the data tells recruitment teams
Three patterns emerge from Sydney's top 10 commission pools.
Premium markets reward focus, not volume. The Eastern Suburbs and Northern Beaches generate the highest commissions per listing — $38,398 and $33,582 respectively — but rank fifth and ninth in total pool size. Agents in these markets earn more per transaction. Recruitment in premium regions should target agents with strong appraisal capability and vendor relationships, not necessarily those with the longest listing histories.
Volume markets are over-supplied with agents. Parramatta (592 agents), South West Sydney (523), and Inner South West (526) have the largest agent populations. In these regions, per-agent earnings are diluted. The recruitment opportunity is not in adding more agents but in identifying the top 10–15% who are generating disproportionate returns — then approaching them with evidence of what they're actually producing.
Individual dominance varies significantly. In South West Sydney, a single agent captures an estimated 9.3% of the total pool. In City and Inner South, the top agent holds just 2.0%. These concentration ratios reveal whether a market's earnings are distributed broadly or captured by a small group. High-concentration markets are vulnerable to disruption when a top producer moves; low-concentration markets are harder to enter but more stable.
The full picture
The 10 regions above account for $314 million of Greater Sydney's $372 million estimated quarterly commission pool. The remaining four SA4s — Outer South West ($21.9m), Outer West and Blue Mountains ($21.0m), Sutherland ($19.2m), and Ryde ($16.8m) — add another $79 million.
Every SA4 region breaks down further into SA2 areas where commission density, agent rankings, and listing patterns vary substantially. The SA4-level view is the starting point. The SA2-level intelligence is where recruitment decisions are actually made.
This analysis is based on commission estimates derived from active listing data for the November 2025 to January 2026 quarter. Commissions are modelled using a tiered percentage structure applied to listing prices, with median-by-bedroom imputation where prices were withheld. Agent and agency attribution is based on listing-level data. Data is refreshed weekly.
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