In recent years, an increasing number of Australian home buyers and investors have been utilising buyer’s agents. While this service originated in Sydney and has since spread to major cities like Melbourne, Brisbane, and Perth, there’s a crucial distinction that many buyers overlook: the importance of choosing a local buyer’s agent over a remote one.
The Rise of Remote Buyer’s Advocatess in Australia
Recently, we’ve noticed a trend of investors working with remote agents to purchase properties in other cities. Typically, they offer lower fees along with promises of comprehensive market data. Although these interstate agents may provide competitive pricing and access to property data, they often lack what is most important: local, on-the-ground experience.
We recommend conducting thorough due diligence
Example from one of our clients in Brisbane
Let’s look at a recent example that perfectly illustrates why local knowledge is irreplaceable.
A client came to us after a frustrating experience with a Sydney-based buying agent who was helping her purchase in Brisbane. The agent offered an attractive fixed fee of $5,000 for a successful purchase, but the reality proved far more complicated:
- Hidden costs for auction attendance and additional services
- Six weeks with no suitable properties presented
- The client had already sold her home and was forced to stay with friends
- No viable prospects due to the agent’s lack of local market knowledge
- Wasted time, money, and significant emotional stress
The Value of Local Expertise
What sets our local Brisbane teams apart?
- Deep Market Knowledge: Understanding neighbourhood dynamics, upcoming developments, and local market trends that aren’t apparent in data alone
- Established Networks: Strong relationships with local real estate agents, developers, and other industry professionals
- Real-Time Market Intelligence: Access to off-market opportunities and early listings through local connections
- Practical Area Knowledge: Understanding of local infrastructure, schools, development plans, and community aspects that affect property value
- Quick Response Capability: Ability to inspect properties promptly and make informed decisions quickly
The False Economy of Cheaper Interstate Services
While some interstate agents might offer lower fees, this often proves to be a false economy. The real cost comes in:
- Missed opportunities
- Extended search periods
- Potential overpayment due to lack of local market knowledge
- Additional stress and uncertainty
- Possible temporary accommodation costs if timing isn’t properly managed
Making the Right Choice for your next property purchase
When selecting a buyer’s agent for your Brisbane forever home or investment property, you should consider a few key points:
- How long have these agents operated in the local Brisbane real estate market?
- Do they have a physical presence in the area?
- Can they demonstrate recent successful purchases in your target locations?
- What local relationships and networks can they leverage?
- How well do they understand local council regulations and development plans?
- Do they have extended negotiation skills to help you secure the best possible price?
The Bottom Line
In property investment, local knowledge isn’t just an advantage: it’s essential. While technology and data have made remote property research possible, they can’t replace the value of established local relationships and on-the-ground experience. Our Director of Acquisitions for Queensland, Tiff Collins, is dedicated to building strong relationships with our clients and finding the perfect property. These are services we can help you with:
- Find your forever home in Brisbane
- Invest in Brisbane property
- Get into commercial property
- Acquire rural properties
- Understand the complicated jargon (settlement, mortgage broker, etc)
- Access to off-market properties
- Understand the full buying process
Remember, property investment is probably one of the biggest financial decisions you’ll make. Choosing the right property buying agent isn’t about finding the lowest fee, but it’s about finding the right expertise to secure the best possible outcome for your investment.
If you’re considering investing in Brisbane property, take the time to find a company that truly knows your target market. The small difference in cost could save you significantly in the long run, both financially and emotionally.
Our buyer’s agency You&Me Personalised Property Services specialises in the Brisbane property market, offering local expertise and established relationships built over years of active involvement in the local property scene.
We recently achieved a great success with one of our clients. You can read the details of this success story here:
https://youandmepps.com.au/blog/a-sunshine-coast-property-success-story/
Contact us to learn more about how we can help you make informed property decisions.
Video Transcript
Experienced Brisbane Buyer's Agent with an extensive background as a practicing solicitor.