A buyer’s agent or buyer’s advocate is a property professional who works for and represents a buyer, as opposed to a seller, in a property transaction. Demand for this service is growing in Australia each year.
In the second instalment of our ‘Property Experts’ series, we spoke to Miriam Sandkuhler, owner of property advocacy firm Property Mavens, on the role a buyer’s agent plays in purchasing a property and the importance of buyer representation throughout the process. ‘I’m passionate about protecting consumers when it comes to buying and selling real estate’, says Miriam, a twenty-year veteran of the real estate industry. She decided to move into property advocacy to ‘protect clients from making poor property decisions and to help them secure good outcomes.’ Read more here
Melbourne CBD high rises: International tensions a problem
Chinese buyers deserting the Victorian property sector could seriously damage the CBD market — but an influx of Hong Kong nationals is expected to soften the blow.
Experts say strained China-Australia relations could lead to a dramatic drop-off in foreign investment, leaving apartments in Melbourne’s high-rise buildings sitting empty.
The Chinese Government’s call for students to avoid Australia was “a risk” to established and upcoming developments, realestate.com.au executive manager of economic research Cameron Kusher said. Read Miriam sandkuhler's comments here
Melbourne auctions: Investor beats first-home buyers in Northcote, pays $102,000 over reserve
The fresh outbreak of the coronavirus didn’t deter keen buyers in virus hotspot council areas, with six bidders putting their hands up at a Northcote auction and another three parties vying for a Brunswick home on Saturday.
In Northcote, 13 buyers registered to bid on a recently renovated two-bedroom terrace, with six of them weighing in at the auction.
It was one of 510 auctions scheduled in Melbourne on Saturday. Read more here
Outer-ring suburbs are leapfrogging trendy inner-city haunts in liveability as homeowners adjust to working from home, a new report has revealed.
Consultancy giant PwC Australia’s CityPulse analysis found the COVID-19 pandemic had driven a transition to more flexible work practices, reducing Melburnians’ reliance on closeness to the CBD and dependence on transport.
The CityPulse liveability score takes into account housing affordability, access to amenities and health services, crime rates and commuting distances to rank suburbs out of 10. Read more here
The dangers of taking a mortgage holiday
Our CEO Miriam Sandkuhler is seeing vendors and buyers suffer from the effects of taking a mortgage holiday. Listen or watch here
Capital gains tax: Expat loophole set to close next month
Most homeowners are waiting for COVID-19 restrictions to lift before selling, but a closing tax loophole could motivate one group to list. And it might lead to some bargain buys across Melbourne. Read more here
Coronavirus rental support: How to negotiate with landlords, tenants
To help those struggling to repay their home loan because of coronavirus-related financial stress, some banks are allowing borrowers to defer their mortgage repayments for up to six months. But what are the ramifications of choosing to do so?
As the coronavirus (COVID-19) pandemic grinds the country to a halt, hundreds of thousands of people are losing their jobs and may no longer be able to make their mortgage repayments. To help ease some of the pain, most banks are rolling out home loan support for impacted customers, including deferring home loan repayments for up to six months. Read more here
Coronavirus: How hard Melbourne’s market will be hit
As fears about the COVID-19 pandemic continue to plague the world, questions about the impact on the local property market are being raised. Amid the rapid-changing conditions, we asked the experts just how hard the coronavirus outbreak could hit Melbourne real estate.
THE PEAK BODY
Real Estate Institute of Victoria chief executive Gil King said the property sector would “surge on” despite alterations to auctions and open for inspections.