Untold truths buying new properties

At Your Australian Property we usually recommend to our clients to consider purchasing properties which provide long-term and sustainable high capital growth potential, depending on their requirements. We also represent many different clients who are up-sizing, downsizing or investing in property.  However, for buyers looking to purchase a home to live in, the property also represents a capital growth investment vehicle too as it assists in building wealth.

Your Australian Property will usually recommend its investor clients to purchase in established areas (usually within 30 KM from the Melbourne CBD) which are either blue chip or located in a high growth corridor with access to great infrastructure and amenities.

We very rarely recommend buying off the plan or buying properties in remote areas for these reasons indicated below:

1. Stamp duty savings are misleading as the developers or builders factor these savings into their price.
2. Deposit monies may sit in the Developer’s trust account for up to two years while the property/complex is being completed – opportunity cost.
3. Completed property does not look exactly like what was seen in the brochures, internet or in show-room.
4. New properties take many years to appreciate in value when you buy off the plan. If you need to sell soon after completion, generally you cannot sell for the price you paid.
5. If it’s a rental investment – there could be anywhere from 50 to 200 properties at any one time being rented out. So it can be ‘a race to the bottom’ to see who can rent out their property first at the cheapest price in order to get a tenant first.
6. Capital appreciation is based on comparable properties within the same complex. This puts a massive price ceiling on the investor’s. We have also seen many new properties either purchased off-the-plan or newly built in remote areas lose considerable value for the investor!
7. No sales history with new properties or off-the-plan properties – presents a major risk to the investor as there is no history showing past capital growth!
8. Claiming tax depreciation on buildings can also be very misleading, especially when it comes time to selling the  property which is often out of your control due to unexpected circumstances.  See, the depreciation costs which have been previously claimed is subtracted from the original purchase price. Effectively, this means the investor pays a significantly higher capital gains tax (CGT) than what they ordinarily would have paid if they had instead purchased an established property.

Why Use a Buyer's Agent in Melbourne?

Your Australian Property Buyers Agents lives and breathes property and knows the Melbourne Property Market! We at Your Australian Property Buyers Agents offer comprehensive end-to-end support from identifying and analysing your selected properties to dealing with selling agents, attending property inspections, purchase negotiations and / or auction bidding on your behalf. 

Our Independent Buyer’s Agents in Melbourne, will take the time to understand your situation and work out what your individual needs, specific requirements and property goals are, so we can begin searching for your next property. 

To get in touch with us today, please complete our Enquiry Form so we can discuss your objectives and outline our process in clear and simple terms.

What our Clients are Saying about Your Australian Property Buyers Agents

Your Australian Property Buyers Agents is a five-star rated independent boutique Buyer’s Agency in Melbourne. Our success comes from prioritising our clients' unique needs first and consistently delivering exceptional results.​ We promise to be responsive and to truly listen to what our clients need. We're surrounded by noise in the property market – Our goal is to cut through it.

From the CBD to Melbourne’s outer suburbs, Your Australian Property Buyers Agents helps Melbourne home buyers and property investors secure the right property with independent advice, proven strategy and expert negotiation.

We don’t sell property. We don’t answer to developers. We work for you and only you.

With over 30 years of real estate industry expertise, we know what it takes to buy property seamlessly. Patience is key, but never at the compromise of confidence and our clients’ end game. We’re professional in every facet of our work, dealing with our clients with the utmost integrity and honesty.

When clients engage Your Australian Property Buyers Agents, they can expect Buyer’s Agents that are proactive and passionate. Combining a hard work ethic with passion and attention to detail, we help clients achieve their property goals with ease.

Next Step

If you’re Serious about Purchasing the Right Property at the Right Price, then Working with an Expert Buyer’s Agents is the Smartest Purchasing Strategy There Is!

Simply fill out the Enquiry Form below to get Started.