Perth buyers agent


What is a Buyer's Agent? School Catchments Drive Price Growth 7/12/20200 Comments Picture Desirable school catchments have historically been a clear emotional driver for property price growth nationwide. Parents jostling for box seat to be included in school catchment zones creates demand which in turn, push up house prices. The evidence is clear that proximity to schools are a major influence when buyers are considering to purchase their family home. Investors wanting to capitalise on potential growth should keep an eye on suburbs within a desirable school catchment. Especially those suburbs that have a lower price point or are situated in overlapping catchment zones. Top Perth schools such as Willetton SHS, Rossmoyne SHS, Churchlands Grammar and Hale School have been strong performers historically and have shown reslience in the downturn. According to the Domain '2020 School Zones Report' Perth school zones featured in the national combined capital cities top ten performers with Como Primary School zone seeing a 36% increase to a median of $901,750. Here at Rise Property Buyers, we undertake an alalysis of school catchments as one of the many factors that influence our decision on property selection when purchasing for our investors. Feel free to contact us if you are considering a purchase whether it be for investment or your dream home. 0 Comments Commercial Property the King of Cashflow 24/11/20200 Comments Picture The King of Cashflow Commercial property, is the king of cashflow positive property investment. For me, without a doubt it sits right on the top. For most, it’s the scary beast in the property investment cupboard that they know nothing about. It’s like commercial agents are speaking another language, cap rates, triple net leases, gross yield, net yield. This is where the opportunity begins. Most people are focusing on bricks and mortar residential assets, leaving space and opportunity in the commercial world. Though this is changing at a fast rate as people are cottoning onto the high rental yields and long long leases offered by this asset class. Let’s look at some example numbers: Commercial Warehouse: Location: South East QLD Lease: 5 years Purchase price: $750,000 Loan $525,000 (70% LVR) Interest rate: 3.5% Net Yield: 7.2% Passive income after all loan repayments: $27,750/yr or $533/wk clear in your pocket. Why I like commercial property: Tenant pays ALL outgoings - rates, body corp and sometimes your management fees. Tenant pays for maintenance on your property. Long leases around 3 to 5 years and 10-20 years in the higher value properties. Opportunity to find strong international tenants with high financial backing Rental increases are built into the lease Capital growth increases with the rental increases Support’s our borrowing capacity which is an essential part of creating a diverse investment portfolio What’s not to like about it? Well, with everything there is risk. Vacancies can be long. We allow up 3 to 6 months for a vacancy. But our cash buffer (funded by tenant rent) and asset selection should minimise the impact of this risk. Leases can be complicated. This is why we use the best lawyers to review our leases and advise us of any risk. Capital growth can be slower. Commercial property is an income play, we enter this asset class to help boost cashflow in our portfolio and support our borrowing capacity. Any capital growth is a bonus! Changes in infrastructure and government policy. Any change in policy may affect the demand of on asset. This is why we avoid certain asset classes ie. petrol stations, which are extremely lucrative but we believe aren’t an entirely safe future proof asset. If you are interested in supercharging your passive income, Book a chat with me on our website! 0 Comments What is a Buyer's Agent? 16/11/20200 Comments Picture What is a Buyer’s Agent? A buyer’s agent (BA) is a licensed professional agent that is paid by the buyer to research, source, analyse, evaluate and negotiate the purchase of a home or investment property for a prospective buyer. A BA is always working in representing the clients best interest 100% throughout the entire purchase process. A good BA should offer a wealth of purchasing experience and have a solid history of successful property investment. They have intimate suburb and market knowledge and understand the pitfalls involved with purchasing. Acting as a neutral buffer between buyer and seller, they remain emotionally detached when assessing or negotiating on a property. Ultimately, the selling agent is paid by the seller to achieve the highest price out of you - the buyer. Conversely, a BA is part of ’your team’ and represent their client's bests interests when negotiating the lowest price for your property. BA’s are experts in trend analysis and have intimate market knowledge. They have access to a range of market analysis software and access to market reports from industry leading analysts and professionals. Their established network of agent’s allow access to off market properties not typically available to the average buyer. According to 86% of buyer’s in the USA use a BA to purchase property. The Stats are a lot lower in Australia although this trend is changing as buyer’s begin to realise the value of hiring a professional to represent them in a property transaction. A good buyer’s agent has the potential to save you well above the fee that they charge during the sourcing and negotiation stage of the process. What does a Buyer’s Agent offer? Buyer’s agents save you money: Property is the the biggest investment most people will ever make, so you shouldn’t be paying more than the property is worth. BA’s are able to identify which properties are worth their price tag and which ones may be over-priced or are likely to sell for more than their guide. They have access to off market opportunities allowing you to be first in on the best properties in a competitive market. Buyer’s agents are experienced buyer’s: A BA will navigate you through the complexities and processes from market research to negotiation and settlement. Avoiding the pitfalls that arise through the knowledge gained in years of purchasing experience. A good BA should be a passionate property investor and have the track record of a successful property investment portfolio. Buyer’s agents avoid you stress: Be assured that you have someone on your team representing your best interests throughout the entire purchasing process. Purchasing property should be a stress free experience and a BA’s job is to ensure everything runs smoothly through the entire process. Buyer’s agents know the market: Having access to multiple research platforms to analyse capital growth potential and rental yield prospects of each city, town or suburb. The ability to filter out 99% of potential investments to and focus on the best property to meet the needs of your goals. Buyer’s agents save you time: If you are struggling to find the time to dedicate to trawling the internet and attending home opens all weekend then outsourcing this task may be the best option for you. BA’s dedicate all of their time in networking and sourcing properties for their clients. Buyer’s agents are experts in negotiation: This is a skill acquired through study and practice. A good BA has spent time learning the art of negotiation and has gained experience putting this practice into action numerous times. The BA acts as a buffer between the buyer and the seller and remains emotionally unattached throughout the entire process. The knowledge and skill at this point has the potential to save the purchasing client more than the fees incurred for the BA’s service.

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