Why You Need a Buyer's Agent for Your Brisbane Home Purchase

Are you looking for a family home in Brisbane? Get ready for an exciting yet complex road ahead. From rising prices and bidding wars to hidden gems, the Brisbane property market can be challenging to navigate. This is why you need a buyer’s agent to help guide you through this process.

At Hunter Gather, Brisbane’s full-service premium independent buyer’s agency, we believe you need a knowledgeable buyer’s agent to secure your dream home. 

In this guide, here’s what we’ll cover:

• What is a Buyer’s Agent?
• The Brisbane Property Market Challenge
  
• Benefits of Using a Buyer’s Agent
• How much Does a Buyer’s Agent Cost in Brisbane?
• Why Choose Hunter Gather?

What Is a Buyer’s Agent?
A buyer’s agent is a licensed real estate agent who works exclusively for the buyer and advocates for the buyer’s needs and wants. This role specialises in searching for, evaluating, and negotiating a property on behalf of the buyer. They also take care of due diligence on the property, conduct thorough property assessments, offer market analysis, and help the buyer make the best purchase possible. A buyer’s agent is bound by the law to protect the interests of the buyer.

In short, a buyer’s agent works exclusively with the buyer and can help them with the purchase process, from beginning to end. Unlike a seller’s agent, they do not sell property and instead focus on the buyer's needs. In Australia, the buyer’s agent is still an emerging role, and Hunter Gather is a premium buyer’s agency leading the way in this industry. 

The Brisbane Property Market Challenge
Brisbane property market is growing quickly, with some analysts projecting that Brisbane and its suburbs will beat Sydney as the most expensive property market in Australia. Currently, the greater Brisbane’s property market continues to grow, with a median house price of $981,473 and a median unit price of $694,577, resulting in a combined median dwelling of $899.824. In the past decade, Brisbane property values have risen by 90.8%. 

Brisbane market has no signs of slowing down and this can be challenging for Brisbane buyers. While some home buyers have previous experience in buying property, for others, it is their first time going through the purchase process. While all buyers will benefit from working with a buyer’s agent, a first-time buyer will reap the most benefits.

When looking for a property to purchase, the opportunity to participate in competitive auctions often happens. These auctions allow multiple buyers to view a house and bid on it, and can be stressful events. You need a knowledgeable expert advocating for you during this time, and Hunter Gather's buyer's agents can help. They will work with you to develop a bidding strategy even before the auction begins. While a buyer may or may not leave an auction with a successful purchase, a buyer's agent can help ensure you get the best possible outcome.

In Brisbane, there are off-market properties that are not publicly advertised and marketed privately through agent networks. These properties are exclusively available through private networks, many of which are only available only through agent networks. This is another example that clearly demonstrates the importance of having a buyer’s agent working with you. You’ll be able to view properties you would never have discovered on your own.

In 2032, Brisbane will host the Summer Olympics, and this global event is predicted to drive property prices even higher. With the city planning major infrastructure projects for it, the benefits these improvements will bring are expected to drive further real estate growth. According to Realestate.com, during the 2000 Olympics in Sydney, the median house price saw an 88 percent uplift over the five years ending 2001. The same result can be expected with the Brisbane Olympics.

All these together result in a challenging Brisbane property market that requires an expert to navigate it, such as a buyer’s agent.

Benefits of Using a Buyer’s Agent

You may ask yourself, "Are buyers' agents worth it?" The answer is a resounding yes. It's not easy to go through the buying process, especially If it's your first time purchasing a home. A buyers agent in Brisbane will help guide you throughout the process.

Saves Time and Stress
You can trust your Hunter Gather’s buyer’s agent to search for properties that fit your needs. Starting your property search can be overwhelming and a buyer’s agent can guide you through the process, from beginning to end. Aside from going through listed properties and narrowing down the list to only consider those that fit your requirements, a buyer’s agent can also offer off-market properties that are not publicly listed. The network and connections of a buyer’s agent can give you access to these exclusive listings.

A Brisbane buyer’s agent can also handle inspections and help you determine whether the insurance will cover the property you are interested in. There may be things you may not see that a buyer’s agent is more familiar with and can let you know about before deciding to purchase a house. They also take care of paperwork, such as looking at your REIQ contract, saving you from handling additional steps on your own.

Better Deals and Negotiation
No matter how much research you do, nothing beats a buyer’s agent’s professional experience when it comes to negotiating lower prices and better deals. Engaging a buyer’s agent who has deep market knowledge and seasoned negotiation skills can help you determine when to walk away from a deal that does not align with your best interests and come out with the best results.

Access to Off-Market Properties
As mentioned above, many of the best properties are off-market. If you were a buyer looking on your own, you may never have access to these properties, which can be hidden gems or maybe just the property you are looking for. Hunter Gather's buyer agents have extensive networks that allow them to uncover off-market properties, a key edge in finding the right home in Brisbane.

Expert Market Insights
Buyer’s agents spend their days studying the property market to give their clients the best deal possible. They offer expert market insights that can help clients decide which suburbs they want to look in, how much they want to spend on their purchase, and other important matters related to buying a home.

How Much Does a Buyer’s Agent Cost in Brisbane?

There is no Queensland law that mandates a fixed fee for a buyer’s agent. However, there are two ways to determine a buyer’s agent cost. The first way is a flat rate, typically ranging from $10,000 to $25,000 for lower value properties sub $1,000,000. Another way is calculated using a percentage of the purchase price, which ranges from 1.5% to 3%.

No matter the cost, having a buyer’s agent working on your behalf outweighs the possible additional costs. In the long run, you can save money by getting the best deal possible, not to mention saving priceless time and avoiding undue stress. Working with a buyer’s agent is a smart investment and Hunter Gather is committed to offering the best service possible that results in giving you the house you need. 

Why Choose Hunter Gather?

Hunter Gather is the leading buyer’s agent in Brisbane committed to giving the best service to its clients, We have strong trust-based relationships with agents and rely on our superior negotiation skills to secure the best possible deals for our clients. We streamline the purchasing process, offer you properties that fit your needs, and most importantly, get you the best deal possible.

We also offer local expertise, personalised service, and a proven track record which sets us apart from other firms.  From handling the process from beginning to end, assessment and negotiation, to assisting in auction biddings, Hunter Gather has all the services you need to help you buy your dream home.

Ready to buy your Brisbane home with ease? Contact Hunter Gather here, for a stress-free purchase.