Moving to Australia from New Zealand?

Get all information you need to make a successful and stress-free move across the ditch.

What is a buyer’s agent and why should you consider using one?

In Australia, a lot of home purchases use a buyer agent (also known as a buyer’s advocate) to help them through the purchasing process and if you are planning on purchasing from New Zealand, you will probably need one.

Whether you’re a time-poor buyer or unfamiliar with the local market, a professional buyer’s agent will help make your property journey smooth and stress-free.

What is a buyer’s agent?

A buyer’s agent is your advocate in the real estate realm. Unlike selling agents, a buyer’s agent works exclusively for you, the buyer.

They specialize in:

  • Conducting thorough due diligence on both on and off-market properties to find your perfect match.
  • Collaborating with local property agents to secure ideal family homes, lucrative investments, or unique off-market opportunities.
  • Representing you at auctions, ensuring you never overpay due to a lack of auction process knowledge.
  • Strictly Independent

Since you are moving to Australia from NZ, you won’t know the property market as well as you might know the NZ property market, and it’s worth having someone to not only educate you and help you through the process but also make sure you are getting the best house at the price possible in Australia.

What does a buyer’s agent do?

A buyers agent lives and breathes the local property market, so they can help buyers buy in an unfamiliar area/country.

A buyer’s agent is paid by the buyer to find a property that fits them perfectly. They will want to know exactly what you want from the property, e.g. location, number of bedrooms, closeness to transport, schools, shops and other lifestyle preferences.

A buyer’s agent can help educate you on the city/suburb you are considering and what areas are emerging hot spots. If you are an investor or savvy homeowner, then the agent will focus on potential capital growth or rental yield.

They will recommend areas that will suit you and your family and then help you through the research process.

Once you’ve agreed on what you are looking for, the agent will formulate a strategy to find your ideal property. Then the property hunt begins. Your agent will aim to create a shortlist of potential properties and in hot property areas they will notify you as soon as a matching property becomes available.

When you find a property you’re interested in, your agent will carry out extensive due diligence, including inspection, a thorough property appraisal and their recommendation of what they think it’s worth.

If you want to proceed, they will start negotiating the purchase price on your behalf, achieving the best price and terms.

They will then oversee the contract and exchange process. Pre-settlement inspections and then settlement. A lot of paperwork you will not need to complete!

Why should you use a buyer’s agent?

The main reasons you would use a buyer’s agent are:

  • Experience – invaluable knowledge of the Australian property market and expert negotiating and bidding skills.
  • Value – they offer value in the long run by getting the best possible purchase price and saving you time and stress.
  • Early access – buyers agents create a network of relationships with real estate agents and have access to unadvertised properties.
  • Save you time – they do all the research, open home viewings and negotiating for you.

How much does a buyer’s agent cost?

The payment structure for buyer’s agents varies, with no strict rule in place. Agents may adopt different models, such as a fixed fee, a percentage of the purchase price (typically between 1% and 3%), or an initial retainer fee upon engagement.

An effective buyer’s agent often brings years of experience in navigating the buying process and participating in auctions. Some even offer assurances, committing to finding a suitable property within a specified timeframe—like six months—or waiving their fee if they are unable to do so.

Is it worth using a buyer’s agent?

Buying houses is not a skill most of us use regularly. They are professionals with expert knowledge, contacts and skills.

Even though they can be expensive, they are worth it because of the money they save you in the purchase price and a significant amount of time (doing all the above on your behalf).

What’s the difference between a buyer’s agent and a mortgage broker?

A mortgage broker aids in obtaining a home loan by identifying the most suitable lender for you. This service is typically sought when you are prepared to make an offer on your desired home.

On the other hand, a buyer’s agent guides you through the complete purchasing process, encompassing the search for the perfect home and skilful negotiation to secure the right price.

Is a buyer’s agent the same as a real estate agent?

No, a real estate agent works for the seller and a buys agent works for the purchaser. They are on opposing sides during the buying-selling process.

Where can I find a buyer’s agent?

I highly recommend reading independent reviews on any company before using their service. It is always enlightening to read customers’ honest experiences with a company.

I have been recommended Gold Coast Property Buyers. Even though they are located in Queensland, they have a network of agents and can refer you to someone who can help you in other states in Australia.

Please note, that Rodney from Gold Coast Property Buyers has also kindly offered 20% off their “full service*”. You can read what that includes below. Use promo code “NZ to AUS” when submitting an enquiry here.

About Gold Coast Property Buyer’s

Unlock Your Dream Property with Gold Coast Property Buyers – Your Dedicated Buyer’s Advocate.

At Gold Coast Property Buyers, they’re committed to serving only your interests. They oversee every facet of the buying process:

  • Bidding at auctions
  • Locating properties
  • Inspections
  • Assessments
  • Negotiations
  • Settlements
  • Property management arrangements

Leave the stress behind and let Gold Coast Property Buyers secure your ideal property at the right price.

Why Choose a Local Knowledge Expert?

Our local buyer’s agents are invaluable due to their unparalleled understanding of the Gold Coast property market. They provide:

  • In-depth knowledge of rising and declining suburbs.
  • Insights into properties poised for appreciation and maximum rental yield.
  • Awareness of local market dynamics, including disaster areas, weather conditions, and more.
  • Reliable guidance on reasonable property purchase prices based on local market trends and recent sales data.

With over a decade of experience, our Gold Coast Property Buyers Agent team offers unmatched local expertise.

Auction Bidding Expertise

Our buyer’s agents excel at auction representation, ensuring you secure the best possible deal. They’ve been to countless auctions and understand the nuances of the Queensland auction process. Say goodbye to overpaying at auctions.

Negotiation or “BYO” Service

With their negotiation service, simply point us to the property you desire, and they’ll handle the rest. From inspections to negotiations and pre-settlement inspections, they’ve got you covered. If the property heads to auction, they’ll bid on your behalf at no extra cost.

Full Premium Service

Their comprehensive premium service offers end-to-end support. You’ll have a team of licensed professionals guiding you from start to finish:

  • Consultation
  • Property short-listing
  • Inspections
  • Negotiations
  • Facilitating the purchase process
  • Pre-settlement inspection
  • Coordination with mortgage brokers and sales agents
  • Sourcing off-market properties
  • Conducting due diligence checks
  • It’s the ultimate turn-key solution for serious property buyers.

Please note, that Rodney from Gold Coast Property Buyers has also kindly offered 20% off their above “full service*”. Use promo code “NZ to AUS” when submitting an enquiry here:

Experience the Gold Coast Property Buyers Advantage

They strategize, connect you with property professionals, locate off-market gems, inspect, shortlist, negotiate, guide you through settlement, complete pre-settlement inspections, and even collect your keys on settlement day.

Choose Gold Coast Property Buyers for a seamless property buying experience. Your dream property awaits!

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5 Comments

  1. Philip Hollings

    December 18, 2023 at 8:10 pm

    We are coming over in Feb 2024 to look at real estate on the Gold Coast. As you are aware in NZ, properties are listed with an agent and other agents in the same company can also sell the property and get a portion of the commission even though they didn’t list the property. Is that the same in Australia. We want to look at property and don’t want an agent who only shows us their listings. Is a buyers agent the best way to go but would they be able to assist in viewing multiple properties while we are over? Just want to maximise our time looking.

    Reply
    • JJ Smith

      December 19, 2023 at 1:31 pm

      Hi Philip,
      Thanks for your comment.
      I hadn’t actually thought about that side of dealing with real estate agents, but it is a legitimate concern.
      A buyers agent would definitely be able to maximize your viewing time while in Australia, especially if you have communicated your wish list and given them some time to do some research before February.
      I’ve CC’d in Rodney from Gold Coast Property Buyers, who will be able to answer your real estate query and assist you in finding your dream home in Australia.
      Exciting times ahead. Good luck!

      Reply
      • Rodney Reinsma

        December 19, 2023 at 2:12 pm

        Hi Philip,
        That’s great to hear about your Gold Coast property plans, I am happy to clarify your concerns.
        The real estate space is slightly different in Australia to what you maybe use to in New Zealand, we have selling agents, property managers and our team (buyers’ agents) which I know don’t exist in New Zealand yet….
        As the name suggests buyers’ agents work with buyers “exclusively” to help their clients found the right location, property for the right price and terms and conditions.
        And yes, you must be careful with who you are engaging to support your best interest’s, there are selling agents who take a buyer to a listed property and conjunct with another selling agent and split the fees paid by the owner (vendor).
        We have a saying in Australia “If you are not being charged a fee you are the fee” so if there is not an agreement between yourself and the agent known as a form 6 and a buyer’s agent agreement the chances are VERY likely they are working for the seller.
        A good buyer’s agent will take the time to understand what is important to you from location, property, schools etc. as well as taking you through each step along the way as the process is not very clear to the average person, especially in Queensland.
        Feel free to get in touch through the above enquiry form or phone me on +61422783727 if you prefer to discuss you plans and our process in more detail.
        Kind Regards,
        Rodney

        Reply
        • Elaine Zhao

          December 19, 2023 at 10:38 pm

          Hi Rodney, thanks for your comment and it is very useful. What is your fee to buy a property in Gold Coast? Thanks.

          Reply
          • Rodney Reinsma

            January 8, 2024 at 4:48 pm

            Hi Elaine,
            Not a problem at all, happy to help .
            Our fee will depend on our clients level of service.
            Please feel free to email me directly at Rodney@gcpropertybuyers.com.au, I am also happy for you to call me directly on +61422 783 727 to discuss you individually requirements.

            Reply

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