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Tips A Buyers Agent Uses In Buying Property

How Buyer's Advocates help

Planned infrastructure

Properties located near train stations, schools, shopping centres and other amenities bode well for investment growth. This is a result of their increased reputability and lifestyle appeal for renters and buyers.

When spotting a good investment suburb, look for any planned infrastructure, which may positively impact the future sales price of the property. You can get this information from local council websites and government transport organisations.

Explore different suburbs in Melbourne

Try not to mentally restrict yourself to the suburb you’ve grown up in or by the type of asset you want. Many investment opportunities exist within the property market, including off-the-plan, rural and commercial property. Be open to the possibilities. Jump in your car, hail a bus or catch a train to a section of your city or area you’ve never explored and get to know it a little better.

Previous sales data

Realestate agents us property reports to show suburb price growth using monthly, yearly and 10-year comparisons. A buyers advocate take’s the time to obtain and analyse this data – it will identify market peaks and troughs, as well as dormant suburbs that are on the verge of a property price boom.

Go for second best

Often, the most popular suburbs have already experienced a price peak and boom, and it could be another seven to 10 years before they achieve a similar cycle. If you invest in these suburbs, you could be paying top dollar for a slow return compared with a less popular suburb.

So, when looking for a suburb to invest in, go for the next best option – one that’s similarly priced. Chances are, you’ll be buying into a suburb that has yet to boom and will provide you with the fruits of that return.

Location, Location, Location

If you’re looking to invest in a house or unit, consider the market impact of surrounding developments, such as new housing estates and high-rise constructions. Generally, the more properties available for sale in a suburb, the more diluted the return on your investment. A buyers advocate will have in depth knowledge with what is going on around your suburb.

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  • Wise Real Estate Advice

    Wise Real Estate Advice
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    5 out of 5 stars

    Ken Stewart
    Ken Stewart

    5 out of 5 stars

    posted 2 months ago

    Mark was personally recommended to me as someone who could be of real help in appraising my property of interest and subsequently representing me at auction.
    He made time to meet for an initial chat over coffee. I was immediately impressed and relaxed with his easy and honest nature, as well as his willingness to listen to my needs.
    A genuinely nice bloke... well experienced in the RE scene, totally committed to helping his clients.... all in all, a very worthwhile experience.

    Ainsley O'Sullivan
    Ainsley O'Sullivan

    5 out of 5 stars

    posted 1 month ago

    Richard and I worked with Mark over a few weeks to secure an amazing property in Brunswick West in a very competitive market. Without Marks' expertise in Real Estate of the area, we would have struggled to buy in such a short time frame. Mark was also excellent at communicating with us. We spoke many times a day to get the deal done. Money well spent when our time was limited. Thanks again to you Mark.