Property Selection Process

Brisbane Buyers Agents property selection process identifies locations and properties that are at the right point of the property price cycle and on the way up or there are physical signs that a particular area is going to come under strong demand.

Brisbane Buyers Agents Property Selection Process

The following is the basic formula used for property selection. When implemented it never fails to produce positive results.


The first part of the property identification system is to establish your budget, property requirements and personal preferences. This information will identify which areas to target. The budget will indicate how far from the CBD we’ll be looking at, your property requirements will then help me determine the best type of property to search for.


We identify any suburbs who’s median house price is over halfway up the price rise cycle. There is no point buying in a suburb that is at the top of its price cycle. But if you look to neighbouring suburbs you’ll often find one who’s median house price is much lower than one very close by. As the suburb we are comparing it to is becoming more expensive to buy in, we can safely predict that demand will increase in neighbouring more affordable suburbs.


It’s important to understand the demographics of a suburb for these are going to be your neighbours or tenants. When I have completed the second part of my area assessment, the next area is too look at the demographics and understand the breakup of the population. What I am looking for is an area with a high percentage of families, specifically established and young families. From there I will examine the employment statistics and then the number of rental properties in the area.


When the first 3 parts of the selection process have been met, we then need to look at the next, most important criteria. Infrastructure and accessibility.We need to be able to access public transport so firstly we look at the distance to the closest railway station and to bus stops. From there, we look at access to major hubs that people will travel to such as the city, airport, schools, shopping centres, hospitals and recreational areas.


When we look at purchasing in a suburb, it’s very important to buy as close to the median house price as possible – preferably we purchase below the median price. If you purchase in the top price range for a suburb, firstly you’ll limit the capital growth potential but more importantly, you’ll limit the number of tenants due to the high rent you’ll be seeking as well as reducing the number of potential buyers when it comes time to sell. This formula reduces risk.


We now consider the rental return of a property and the vacancy rate for that suburb. What we are looking for is a return as close to 5% as possible and very low vacancy rate. There is no point having a rental property in an area that has a high amount of vacancies already, this is the biggest indicator of either oversupply or population decrease. The demographic research has usually led us to a suburb where these factors are not a concern. The focus is now on property that can achieve the returns we need.


This is one of the final parts of the process and comes down to your requirements. Firstly a brand new home is going to have far more tax benefits than an established by way of additional items we can claim for and depreciation. If you are in a position where you need more tax deductions then that determines the type of property we look at for the returns. Generally, I will look for a neutral solution where the rent covers or just about covers the ongoing property costs.


Once the previous steps have been completed, we will be shortlisting properties to inspect. We will send them to you via email and you will let me know what you think. Our role is to be analytical in the selection process, your role involves your feelings. Features that appeal to me may not to you and this is very important because if you feel that way, future tenants and potential buyers may also feel the same way. By getting your input at this time will lead us to the perfect property for you.


The final result will be a property that is located in a suburb that is predicted to grow in value in the near future, appeals to a wide range of tenants and is low maintenance.A property we can all be proud of.



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