In The News: Investors Knocking on Buyer’s Agents’ Door
Recent stock market shocks and declining interest rates are shifting investors focus towards safer asset classes like property which when bought well perform reliably over time. In a recent article in The Australian, Libby Moffet interviews property experts and buyer’s agents who are seeing a spike in buyer demand.
Founder and CEO of Cohen Handler, Simon Cohen commented in the article, “The strongest increase is occurring in the $400,000 to $1 million property bracket.”
Perth, Adelaide and Brisbane have led the way over the past 12 months. However, as market conditions evolve and many question how much growth these markets have left to offer, increasing numbers of investors are now turning their attention to Melbourne.
With median dwelling prices in Melbourne down 2.8% year-on-year, many investors see the current window as a counter-cyclical opportunity before growth resumes. While timing the market is never easy, there appears to be a prime opportunity emerging for investors considering Melbourne.
Having an experienced Melbourne buyer’s agent in your corner during this time provides a significant advantage giving investors access to off-market properties, negotiation expertise, due diligence support, and crucial on-the-ground market knowledge.
Read the full article in The Australian Mansion Magazine or online.
The Importance of True Market Knowledge
Simon also added “You can’t just buy off data. You’ve got to understand what are the good streets, what are the good neighbourhoods, why one place gets more money than the next place. A lot of these data-driven buyer’s agents claim to give a value proposition but they don’t have the credibility or experience to do it.”
Looking To Build Wealth Through Property?
At Cohen Handler, our Buyer’s Agents help property buyers and investors navigate the market with confidence, purchasing high yield investment properties with excellent capital growth potential across the country.
Whether you’re purchasing your first or fifth property, we’re here to provide expert advice at every stage of the property journey. Get in touch today to learn more.