You have 0 free articles left this month.

Purchasing power

30 NOV 1999 • By Phillip Tarrant • 3 min read • Hotspots

You wouldn’t think twice about engaging a professional when you sell your home, but what about when you’re in the market to buy?

spi default article image em4omm

You wouldn’t think twice about engaging a professional when you sell your home, but what about when you’re in the market to buy?

Finding a new home or investment property is an exciting experience but for some buyers it can be stressful. It can be tricky negotiating with a professional estate agent over hundreds of thousands of dollars, and it is often hard to know when you’ve driven the vendor down to their lowest price.

You’re out of free articles for this month

After all, there’s a lot at stake and many buyers are as afraid of missing out as they are of paying above the odds for a property. This is just one of the reasons that a growing number of Australians are turning to the services of a buyer’s agent.

Buyer’s agents help homebuyers in the purchasing process and have gained in popularity over the past few years as more Australians recognise the value of drafting in a professional to negotiate on their behalf.

Much the same as a real estate agent represents the vendor, a buyer’s agent represents the buyer in terms of finding the right property and negotiating the best price. A good buyer’s agent will have considerable local market knowledge as well as a proven track record in real estate negotiation.

You can engage a buyer’s agent to take care of the whole purchasing process or simply just to bid on your behalf at auction. Charges for the services of a buyer’s agent can vary from a flat fee to a percentage of the property purchase price depending on the level of assistance they provide.

If you’re interested in engaging a professional to help you with your next purchase it’s always best to look for a referral. Ask family or friends for a recommendation; also feel free to give me a call if you’d like my help.

Want to see more stories from trusted news sources?
Make Smart Property Investment a preferred news source on Google.
Click here to add Smart Property Investment as a preferred news source.

Free investor loan check

Better property decisions start with smarter lending.

A free 15-minute finance check for property investors.

15 minutes Free No obligation

What are your lending goals?

Choose a goal to request a callback.

Buying againCheck my borrowing position Equity or refinanceReview my current loans Loan strategyGet a second opinion

Ready to talk?

Book a 15-minute call →

Finni Pty Ltd · Australian Credit Licence 384324 · Privacy

Phillip Tarrant

Phillip Tarrant

AUTHOR

Phillip Tarrant is one of Australia’s leading property commentators, with more than a decade at the forefront of conversations shaping the nation’s property investment market.

As the long-time host of the Smart Property Investment Show and a regular commentator across property, finance and business, Phillip has interviewed thousands of investors, economists, advisers, brokers, agents and industry leaders, giving him a unique perspective on the trends, policies and market forces influencing Australian property.

Beyond property commentary in the media, Phillip is an active property investor himself, with first-hand experience building and managing a diversified property portfolio across multiple markets and cycles. His insights combines this practical investor perspective with deep exposure to the broader property and financial services ecosystem.

Phillip is also CEO and co-founder of Managed, an Australian property payments and technology platform transforming the way property managers, landlords and tenants manage rental payments and property transactions.

Through his writing, podcasts and industry engagements, Phillip focuses on cutting through market noise, challenging conventional thinking and helping investors make more informed, strategic decisions. His commentary regularly explores property markets, lending, taxation, regulation, investment strategy and the changing dynamics of Australia’s housing sector.

Know more