I am an Exclusive buyers agent based in Sydney,

I have entered the forum, just to answer any questions anyone has in regards to use, roles and benefits of using a Buyers Agent.

And to help educate the public in regards to what we do, and the reason use of B/A are so preeminent in places like LA, London etc.
 
Yes you can start with fees and how you justify those charges

That's a lot of hostility.... chill mate.

I am an Exclusive buyers agent based in Sydney,

I have entered the forum, just to answer any questions anyone has in regards to use, roles and benefits of using a Buyers Agent.

And to help educate the public in regards to what we do, and the reason use of B/A are so preeminent in places like LA, London etc.

Most of the users have a fair idea of what a buyers agent offer.
As a forum community, we're more interested in what you're willing to contribute, not what services you provide. If we trust you, we'll ask for your services.
 
Answers

I am a property investor and developer myself,
My back round is Finance and investment banking.

I have joined cohenhandler this month, And I am taking over the office in the west, we specialise mainly in investment out here.

fees genuinely start around 2% of purchase price.

In justifying that, I will be honest, we are not for everyone,
Our clients are mainly time poor, missed out at auctions or simply been underquoted several times prior to auction.

We can assist by constantly monitoring the market, Through extensive relationships with agents, and with the fact we are backed with the full support of the office. and around 75% of our purchasers are off market.

I specialise in the western suburbs.

hope that helps
 
Hi Riki and welcome to Somersoft :)

There are quite a few BAs on here and there's been LOTS of discussions around our industry so feel free to contribute and join in the conversations. Perhaps you could give an opinion on the suburbs you're working in and what's happening?

There's also useful info regarding BAs on the REBAA website www.rebaa.com.au of which CohenHandler are members of.
 
Reply

Hey Guys,

Really do apologise if I have come across as trying to sell an image,

my apologies, I now understand its more a contributing forum and I respect that.

and will be more than willing to contribute any knowledge I have of the market, and answer any questions.

PS thanks for the heads up ( you know who you are)

Thanks.
 
listings

I operate in the western suburbs,

we do receive a lot of quiet and off market listings,

and have found places like Harris park and auburn to be a couple of suburbs in which we do receive them. and have had success in the past with investment properties.

regards
 
I operate in the western suburbs,

we do receive a lot of quiet and off market listings,

and have found places like Harris park and auburn to be a couple of suburbs in which we do receive them. and have had success in the past with investment properties.

regards


What are your views on the effects of Sharia Law with regards to capital growth in suburbs such as Auburn?
 
reply

Very good question,

With the Strong Islamic presence in Auburn,
Personally I could not tell you how it will affect capital growth,
I am a very logical agent, So I go mainly off the numbers.

And with our properties we have bought in the past, and the research carried out by our teams.

we have found strong yields, as well a steady rise in capital growth, mainly due to the approval of future infrastructure in the west for the future.

Sorry for a roundabout answer,

Regards.
 
This is why I asked the question. Because of the predominant religion in Auburn, which massively restricts the borrowing of money, making yields artificially high and capital growth below trend of neighbouring suburbs such as Lidcombe and Parramatta etc.

As a buyers agent, you are entrusted with ooo's and even 000 000's of other people money and should therefore be aware of key growth drivers and the risks of your area of specialty.
 
My understanding of islamic lending is muslims in a foreign country are allowed to use foreign lending (western P&I lending). Its only where islamic funding (co ownership, or replacing interest with a 'gift', rent to buy etc) is available but not used where it becomes a 'sin'.

Ive previously research islamic finance options, and there aint much out here in australia. So I would of assumed people would just lend like the locals?
 
If only it were that simple. Unfortunately this subject has been debated to death over the years and is reflected in the large proportion of renters to homeowners.

What is consistent is the under performance of Auburn relative to neighbouring suburbs over the past couple of decades and a reason the median price never catches up.

Its not impossible to borrow, but there are social implications and stigma which result in a virtual barrier. Such restrictions add a degree of risk in the context of property investment.
 
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