Why Sydney suburbs are seeing a rise in off-market properties

According to Ms Yoshia, off-market properties in the current investment climate in Sydney exist on a spectrum of higher-value and lower-value properties, particularly those surrounding the CBD and seaside hubs.

Further, having bought investments for numerous clients in her role as a buyer’s agent, in addition to her own extensive property portfolio, Ms Yoshia said that “at the moment, we’re buying about 60 per cent off-market” – whereas prior to the property market downturn, there was “10-20 per cent off-market” available in these suburbs.

“What we’re finding today is that more and more people are going down that [off-market] path,” she added.

Ms Yoshia said: “There are a lot of sellers out there today that want to sell their property; however, they either are very private and don’t want to have their neighbors coming through their properties, or they just want to try first to see whether there will be enough interest in their home.”

She continued: “Therefore, they’ll get in touch with their local real estate agent, and the real estate agent will offer these properties to buyers’ agents, essentially, or even their database. They won’t be advertised on the internet or in any print media.

“It’s just really an invitation to either a private group inspection or private times for the individual buyer’s agent.”

Many investors might not want their property broadcasted to the public because they might not want neighbors knowing about the sale (for whatever reason), or they might want to be enabled to re-market the property at a later point if the desired outcome is not achieved.