Frequently Asked Questions
Off Market Transaction
Off Market Transaction relates to the purchasing of a property prior to the property being made available to the general public. For example, an agent may have a property that is about to be made available for sale. He may notify a number of Buyers Agents or members of the public who may be interested in purchasing the property prior to the property being advertised.The effect of an Off Market Tandasction can be a significant saving on the purchase price of the property as the owner of the property has not had to spend any money on advertising nor make his property available to the public through open homes and private inspections.
Dual Key Property
Dual Key Property or Dual Living relates to a type of property built with 2 complete dual living areas, each with their own separate entrance, car parking, kitchen, bathroom, and living areas. It is a way of effectively increasing the income of a property. Each living area has its own lease agreement.A Dual Key property can significantly increase the income however some councils do not allow more than one lease agreement per lot.Dual Key or Dual Living Properties fall under 3 categories
- Dual Occupancy
- Dual Key
Who Do You Help
We help anyone from local people to interstate and overseas buyers who need help identifying a suitable property. We provide ongoing local market education to our customers so that they themselves can make an informed decision on the recommended properties being presented
Where do your customers come from?
Our clients come from all over Australia and the world. Sometimes they may come up for a day trip if their in Australia and I will take them out for an educational tour of the area. Having the 360 degree virtual tours means that you can view the properties in great details from anywhere. I even have local clients in Brisbane who just need a hand looking in the right direction.
What do you do?
We help people invest in Real Estate whether it be to live in or as an investment. I take the time to find out your requirements and goals for the property and your preferences. From there I enter your data into a number of systems that will firstly notify the best real estate agents in that area that we are looking for a property and then it goes into a completely automated search spider that looks through hundreds of property listing web sites each day and reports back the latest listings for that day.
Property Price Cycle
Property Price Cycle is the position on the price scale at which a property currently sits. The property price cycle is either on the way up, close to the top, on the way down or at the bottom. The secret to investing in a property based on the property price cycle is to purchase in an area that is on the way up the price cycle. Preferably as close to the lower end of the property price cycle than closer to the top as this will provide a higher level of capital growth.
I am not based in Queensland, who will look after my property ?
We treat each and every property as our own and will continue to look after it well into the future. We provide periodical checks on the property and will provide you with regular updates in addition to those provided by the property management company.
What is Depreciation
What is Depreciation?Depreciation is in relation to new investment properties and is a tax deduction that allows property owners to offset their investment properties reduction in value from their taxable income. Australian law allows investors to claim tax deductions on both the decline in value of the properties structure and items considered permanently fixed to the property and the decline in value of plant and equipment assets found within it (stoves, dishwashers, air conditioners, carpets and blinds).
Is my home too old to claim depreciationNo. If your residential property was built after July 1985, you can claim both building allowance and plant and equipment. If construction on your property was commenced prior to July 1985 then you can only claim depreciation on plant and equipment.
What about property management ?
Investate will recommend to you very good property managers who provide a high quality service and will provide you with discounts for their services.
How do you find properties?
We run a number of systems that are designed to identify properties that have not reached the market yet which we call Off Market Transactions and I also have my own custom software that searches hundreds of property web sites throughout Australia for the latest listings. The software takes your requirements and conducts a daily search and provided me with a custom report each day. Using this method I am able to identify properties that others haven’t seen yet.
What is the Difference between a Buyers Agent and a Real Estate Agent?
A buyers agent is a person who can source property on your behalf and negotiate a reasonable price. Where are real estate agent sells a property on behalf of the vendor. One acts in the interests of the vendor and a buyers agent acts in the interests of the buyer.
How long does it take to find a property?
It generally takes around 8 weeks to firstly educate you on the region and the properties and find the right property that matches your requirements.
What types of properties can you source?
We can source any type of property you need, from units to townhouses to dual income properties to established house and brand new house and land packages.
Do you sign on my behalf ?
NO absolutely not, there is no need for a Buyers Agent to sign anything on your behalf. Everything we do is done in conjunction with you. Nothing is done without your direct authorisation.
How does it work ?
We commence with a startegy planning meeting which can be done in person or over the the phone. The purpose of this initial stage is to identify your needs and requirements from which we create a property profile. From there we commence identifying suitable properties which are presented to you. This process continutes until we have found a suitable property.
How do we know what we are buying?
I go out of my way to provide you with as much information about a property as possible. In the first instance you will get an email from me advising that I have identified a property that matches your needs. From there I will book an inspection with the agent and record it using state of the art 360 degree imaging. This is then uploaded to a website where you can then walk through the property just like i did. This system is so good that we can use it later to reference parts of the property.
How are you different from other Brisbane Buyers Agents?
With so many years of being on the ground and seeing the market first hand I can advise you of the best places to invest that will have low risk rating and and strong capital growth and return potential. Most buyers agents will direct you to where the media is promoting as a good area. Those markets are too hot and over priced, You need to be buying in the areas the media is going to be talking about and that is something I can bring that not many other buyers agents in Brisbane can.
How can you help me?
We are here to do everything you need, from the very beginning where we identify your requirements to educating you into the different suburbs of Brisbane to finding the right property and conducting virtual tours to negotiating the right price for the property. But it doesn’t end there either, I will continue to support your property well into the future ensuring the property management is looked after and your home is being rated well.
Why You Need a Local Brisbane Buyers Agent
Investing in Brisbane Real Estate has a number of pitfalls for those that do not know the region. We have some very cheap suburbs that are going to stay cheap for a very long time. They may appear on the surface to be a good investment but 2 years later and the property has not achieved any capital growth and the tenants are behind in the rent. It’s my job to show you why and once you see it, you will understand.
Cheap does not mean good investment
Brisbane is a very tricky region to purchase property in. We have suburbs that are very cheap and have and will continue to stay that way many years in to the future. What looked like a good idea at the time has not grown in value over the last 2 year and the tenants are always late on their rent.
What is a Buyers Agent
A Buyers Agent is a person or agent appointed by another person to assist them in the purchase of a property.