Our Property E-team member from our Sydney E-Team , Propertybuyer, was named as the Buyers’ Agency of the Year 2020 in this year’s REINSW Awards for Excellence.
“We are very proud to have won this award,” stated Rich Harvey, CEO & Founder of Propertybuyer.
Propertybuyer stood out among this year’s finalists as a provider to best represent property investors in purchasing residential and commercial real estate.
“Buyers’ Agents are rapidly growing in popularity as more buyers realise the benefits of independent and professional representation,” Rich said.
Alongside the Buyers’ Agency of the Year category, Propertybuyer was also a finalist for the Operational Support of the Year 2020.
Having a buyer’s agent on your side who can guide you throughout the entire buying process is what Propertybuyer does best. They offer quality advice on a property purchase to a range of clients including professional executives, first time home buyers, experienced investors, commercial buyers or even developers.
“It gives our clients the reassurance that they are making the right choice when looking for a property,” commented Rich.
Clients have praised Propertybuyer for the work they do and the services they offer. Buyers have commended how Rich and his team have helped them with their best interest at heart and their genuine interest in finding the most suitable property.
Cutting through the white noise of the Sydney property market is tough right now with every media source both nationally and in Sydney talking about how we currently have the lowest auction clearance rate since T-Rex roamed the earth and how the RBA is “watching closely” at the levels of pain and gain in the market to monitor macroeconomic policy.
Put simply, its credit crunch 2.0.
Access to credit has dropped off a cliff and serviceability criteria of mortgages has all but reduced the borrowing capacity of mature local Sydney residents and investors to first home buyer status.
I hear my expat clients say “well now you know how I feel!” as expats have been left behind in the mortgage stakes for a few years now by the big four Aussie banks. Sydney locals now a feeling the expat credit frustrations that we all have been dealing with for some time.
So what’s the deal with Sydney property? Well, its pretty simple. Locals are finding it very hard to buy property now. So let’s strike while the iron’s cold.
Most of my savvy clients that have made their highest returns from Sydney property in a down turn. Parts of Sydney that have experienced strong annual growth over the last 2-4 years in some cases are down in value by double digits. That has just happened this year but this window won’t last forever.
Now is the time to buy in Sydney for the highest returns. As a buyers agent, I am being swamped with great deals at the moment from agents that are finding it hard to move properties and do not want to tell the broader market that the owners have to sell. Its the perfect time in the cycle to get a great deal.
By: Michael Radovnikovic