It has been proposed by Advisor Edge head of property research Louis Christopher  “Sydney prices should climb 10.5 per cent this year and a further 9 per cent next year” (Australian Property Investor June 2007).

There are numerous benefits for the foreign investor and expats to invest in this market while it is moving.

Based on the current upward trend in the property market and further evidenced by the increased auction clearance rates, property is going through a growth spurt.
For expats this creates a perfect opportunity to be part of this growth spurt, which is reinforced by an undersupply of rental properties and in turn acting as a catalyst for increases rental income potential for investment purposes.

Expats planning to return to Australia can benefit from capital returns by being part of this growing market.

For investment purposes these statistics are self-supporting however investing in a foreign country can be difficult for the simple reason that you lack complete and utter control over the buying process and accessibility to current market information from afar. 

Investing in property requires sourcing, researching and negotiating property information and requires accessibility to conduct inspections and valuations.

The benefit of utilising a buyer’s agent to a foreign investor is that they can outsource these necessities to professionally qualified persons who are educated in the property market and can make informed decisions in relation to the acquisition of a foreign investment.

According to an article in Australian Property Investor magazine (June 2007) “In his National Property Sector Review, Advisor Edge head of property research Louis Christopher wrote that after a three year downturn there were increasing signs a housing recovery was under way on the east coast of Australia.

Christopher cited the close historical correlation between asset prices and Australian money supply (M3) as added evidence that house prices should climb this year and next.”

Based on this extrapolation, it is evident that there are numerous benefits for the foreign investor and expats to invest in this market while it is moving.

It has been proposed by Christopher “Sydney prices should climb 10.5 per cent this year and a further 9 per cent next year” (Australian Property Investor June 2007)

This evidence reinforces the current property movement with auction clearance rates increasing and the market currently reflecting a growth spurt.

Sally Osborne, Managing Director of Platinum Buyers Agents in Sydney Australia has over 11 years of property experience assisting clients to purchase residential property throughout Australia.

 Sally now specialises in providing value to clients by assisting them to find the best available home to suit their individual needs.

“By focusing this niche market we have an in depth knowledge of not only the homes in the areas and there respective lifestyles, we also know how to meet the expectations of our clients. We are able to advise on the lifestyle each area provides, what properties are truly worth, the best streets, amenities in the area such as parks, cafes, schools, transport and who the area attracts.”

Auction Price Guide Misconceptions

A need to investigate real estate agents who are deliberately misleading the public in relation to price guides for auction campaigns has been raised by an article in the SMH (21.07.07).
“At the heart of the problem is the industry practice of giving a “price guide” which is meant as a clue to the true value of a property. But several sales in the east have been so wide of the mark that buyers have been left wondering whether they were deliberately misled.”
The investigation will look at an Edgecliff terrace that sold for $1.42milliion despite being advertised for more than $1.2 million, a Woollahra property selling for $1.475 million after being quoted as “above $800 000” and a flat in Bondi selling for $1.6milllion when it was suggested it would sell for more than $800 000.
These figures demonstrate that price guides being speculated to the public are misleading potential buyers. Essentially the issues that this creates is that by under speculating the true value of a property during an auction campaign, greater interest from the public can be gained and in turn a larger show of people on the day of auction will result in more competition during bidding which will inevitably increase the auction result. This is why we are seeing such huge differences in the values of properties being advertised and their actual auction result.
By utilising the service of Platinum Buyers Agent this problem can be avoided and time saved as all properties are thoroughly researched and a reasonable value of the property can be indicated.
Buyers Agents do not work specifically for the vendor, so unlike agents who are trying to sell the property at the highest possible price to keep the vendor happy, buyer’s agents are working to save the purchaser time and money. They are dedicated to assisting the buyer find the right property without the normal stresses that are involved and without the bias that exists between the vendor/agent relationships.
Platinum Buyers Agent specialises in researching, sourcing and negotiating the purchase of quality homes and investment properties in Sydney.
“Australian Property Monitors figures show auction clearance rates have hit 80% in the east, 72% on the lower north shore, and 74% in the inner west” which indicates that many vendors are using auctions to sell their property. Given the evidence of property being undervalued by agents, contacting a buyer’s agent such as Platinum can save you both time and money and offer the best strategy to secure the right property at the right price.