Rosebery, Sydney: Suburb Guide, Property Prices & Investment Outlook

Rosebery Sydney: Suburb Guide, Property Prices & Investment Outlook | Unicorn Buyers Agents

Rosebery is quietly outperforming Sydney's broader market, and the fundamentals are hard to ignore. Just 6 kilometres south of the CBD, postcode 2018, it sits between Mascot, Alexandria, Zetland, and the rapidly expanding Green Square precinct. It's inner-city without the Surry Hills premium, close to the airport without feeling like a departure lounge, and it has a food and lifestyle scene that punches well above its size. If you've been sleeping on it, this is your wake-up call.


Here's the reality: there are 913 buyers competing for just 6 available houses at any given time in Rosebery. Supply is that constrained. The median house price is now around $2.5 million, up 7.4% in the past year alone — comfortably outperforming Sydney's broader 4% annual growth. The best properties trade off-market before they ever reach Domain or realestate.com.au. If you're attempting to buy here by refreshing listing portals on Friday afternoons, you're already behind.


A Suburb With a Story


Rosebery wasn't always the place you'd bring a date for a Saturday morning croissant. Its name traces back to Archibald Primrose, the Earl of Rosebery and briefly the Prime Minister of England, who visited Sydney in the 1880s. By the early 20th century it was subdivided as a "model industrial suburb" — worker housing sitting alongside factories, producing everything from chewing gum to tinned soup. That industrial DNA is still visible in the streetscape, and it's precisely what gives Rosebery its character today.


The old Rosella cannery on Mentmore Avenue is now The Cannery, a lifestyle and food precinct that draws Sydneysiders from across the city on weekends. Former warehouses and industrial buildings have been converted into residential apartments and creative workspaces throughout the suburb. Heritage bones, modern life. That's Rosebery in a sentence.


The Numbers: What Property Costs (and What It's Done)


  • Median house price: ~$2.5 million
  • Annual house price growth (12 months): ~7.4% (CoreLogic / PropertyValue, 2025)
  • Median unit price: ~$908,000
  • Median weekly rent (houses): ~$980 pw
  • Median weekly rent (units): ~$950 pw
  • Unit rental yield: ~5.54%
  • Population growth (2016–2021): 33.8%
  • Distance to CBD: ~6 km
  • Suburb size: ~1.9 km²

Houses in Rosebery are genuinely scarce. There were only 57–58 house sales in the past 12 months across the entire suburb — and when supply is that constrained, even modest demand pressure moves prices. The median house price has grown roughly 7.4% in the past year alone, comfortably outperforming Sydney's broader market which delivered around 4% annual growth over the same period.


The unit market is a different story — it's more abundant, with around 361 sales in the past 12 months — and has experienced some price softness as new supply continues to come online. But for investors focused on yield, units in Rosebery are delivering around 5.54%, which is strong for an inner-city suburb of this calibre, and weekly rents have climbed approximately 45% over five years.


Rosebery as a Top 100 Growth Suburb


Rosebery has appeared in multiple property research rankings as one of Australia's top 100 fastest-growing suburbs. That recognition isn't arbitrary — it reflects a confluence of factors that research-led buyers agents look for when assessing long-term capital growth potential: rising population, urban renewal, constrained housing supply, improving amenity, and strong buyer-to-listing ratios. Property research covering Sydney's 2024 growth rankings specifically called out Rosebery as one of the city's top 10 growth performers that year, citing approximately 9.1% house price growth and 14.8% unit growth over that period. The suburb's transformation has often been compared to the gentrification arc of Surry Hills and Paddington — which, if you've watched either of those markets, is a meaningful parallel.


The underlying driver is straightforward: Rosebery's population roughly doubled in the two decades to 2021, growing from around 6,964 residents to 13,533. More people, the same amount of land, and a dramatically improved lifestyle offering is a reliable recipe for price appreciation over the long term.


Living Here: What the Suburb Actually Feels Like


Rosebery is one of those suburbs where the southern and northern ends feel like different worlds.


Southern Rosebery: Leafy, Low-Rise, Tightly Held


The southern streets — think Harcourt Parade, Mentmore Avenue, the residential pockets behind Gardeners Road — are leafy, low-rise, and genuinely lovely. Original workers' cottages, California bungalows, and Federation-style terraces sit on decent blocks. It's quiet, community-oriented, and the properties here are tightly held because owners simply don't leave. These are the streets where families walk to Rosebery Public School in the morning, then meet for coffee at The Cannery on weekends. The streetscape feels established, not transitional.


Northern Rosebery: High-Density, Modern, Convenient


Head north towards the Green Square boundary and the suburb transforms into a high-density apartment corridor, with modern towers that appeal to young professionals, downsizers, and investors. It's polished and convenient, if a little anonymous in places. The key for buyers is understanding which end of the suburb you're buying into — they command different prices, attract different buyers, and offer entirely different day-to-day experiences.


The Lifestyle Glue: The Cannery and Beyond


What unites both sides of Rosebery is access to one of the best local lifestyle precincts in the inner city. The Cannery on Mentmore Avenue is the centrepiece — a converted heritage warehouse housing Archie Rose Distilling Co., Black Star Pastry, Three Blue Ducks, Frenchies Bistro & Brewery, Zimmermann, Koskela, and a rotating market on the first weekend of each month. On a Saturday morning, you'll find families queuing for Lune croissants, couples browsing design furniture at Koskela, and groups settling in for long boozy lunches at Frenchies. It's the kind of place that makes you forget you're 15 minutes from the CBD. This is not a suburb where you're driving to a strip mall for your Saturday coffee. The food scene alone has made Rosebery a destination suburb, not just a residential one.


For Families: Solid Foundations, Close to Everything


Rosebery Public School serves the local catchment and has a strong community feel, though it's not a pressure-cooker selective feeder like some Eastern Suburbs primaries. For families prioritising selective high schools, Fort Street High School (academically selective) is accessible via public transport, and many Rosebery families also target Sydney Boys High, Sydney Girls High, and Sydney Technical High School. The suburb is within the school bus catchment for Sydney Grammar, SCEGGS Darlinghurst, and Kincoppal-Rose Bay, making it a viable base for families seeking private education without the Bellevue Hill price tag.


For weekend sport and recreation, Centennial Park is a 10-minute drive, offering rugby, cricket, athletics, cycling, and horse riding. Green Square Library and Aquatic Centre — one of Sydney's most impressive civic buildings — is walkable from northern Rosebery and offers swimming, basketball, and community programs. The suburb's proximity to UNSW also means families benefit from university sports facilities, cultural events, and a general sense of being in an education-focused precinct.


Rosebery isn't marketed as a "family suburb" in the way Mosman or Hunters Hill are, but the fundamentals are there: good local school, access to selective and private options, parks and recreation within reach, and a walkable lifestyle that means less time in the car. For families willing to prioritise location and lifestyle over a backyard the size of a cricket pitch, Rosebery delivers.


The Case for Capital Growth


The growth thesis for Rosebery rests on several pillars that I find compelling. First, the Green Square urban renewal precinct directly borders the suburb's northern edge, and the infrastructure investment flowing into that area — including the acclaimed underground Green Square Library and substantial public realm upgrades — spills over into Rosebery's appeal and perceived desirability. Second, the suburb is one train stop from the city and within a 15-minute bus ride of the Sydney CBD, UNSW, and Sydney Airport. That trifecta of connectivity is extremely hard to find at this price point. Third, the housing stock is genuinely limited. With only 1.9 square kilometres and an increasing proportion of the suburb locked into strata, detached houses in Rosebery are becoming rarer by the year — and scarcity, over time, is the most reliable driver of capital appreciation in Sydney's inner ring.


Developer confidence here is also noteworthy. Stockland recently launched a 144-apartment boutique project, Stanton Place, in the suburb — a signal that one of Australia's most sophisticated residential developers sees long-term value. Major developers don't stake capital in markets they don't believe in.


What Buyers Need to Know


The competition for Rosebery houses is fierce and largely invisible to buyers relying on portal listings. With nearly 913 buyers tracked by REA for every 6 available houses, the off-market channel is critical. Many of the best houses in Rosebery change hands through agent relationships and word-of-mouth before they ever reach Domain or realestate.com.au. If you're attempting to buy in this suburb by refreshing listing portals on a Friday afternoon, you're behind.


For units, the market is more accessible but the quality varies significantly. The gap between a well-positioned apartment in a quality boutique conversion and a generic high-rise unit on a busy road can mean the difference between a strong long-term hold and a difficult resale. Due diligence on strata records, building quality, and micro-location within the suburb is not optional — it's the work that separates good decisions from expensive mistakes.


As with any inner-city suburb where apartments dominate the supply mix, investor buyers in particular need to be precise. The house market in Rosebery is a long-term capital play; the unit market needs careful selection to avoid the oversupplied end of the spectrum.

Thinking About Buying in Rosebery Suburb?

Unicorn Buyers Agents specialises in Sydney’s Inner City, Eastern Suburbs, and Inner West — including Rosebery and the broader Green Square corridor. If you’re serious about buying here, let’s talk before the right property slips past you.
 
Book a call here or click the ‘Homebuyer’ or ‘Investor’ button below to send a form enquiry. Takes 2 mins and we will respond within 24 hours.

Frequently Asked Questions: Buying Property in Rosebery, Sydney


What is the median house price in Rosebery Sydney?

As of late 2025, the median house price in Rosebery is approximately $2.5 million, with annual house price growth of around 7.4% over the past 12 months (CoreLogic / PropertyValue data). The median unit price sits at approximately $908,000.


Is Rosebery a good suburb to invest in?

Rosebery has been cited by multiple property research platforms as one of Australia's top 100 fastest-growing suburbs. Its combination of an established lifestyle precinct, proximity to Green Square and the CBD, population growth of 33.8% between 2016 and 2021, and ongoing urban renewal makes it a compelling location for long-term capital growth. Houses in Rosebery have delivered around 7.4% annual growth, and the suburb mirrors the gentrification trajectories of Surry Hills and Paddington.


How far is Rosebery from the Sydney CBD?

Rosebery is approximately 6 kilometres south of the Sydney CBD. Green Square Station is within walking distance for many residents, and multiple bus routes connect the suburb directly to the city.


What is the rental yield in Rosebery?

Rental yields in Rosebery vary by property type. Units currently yield around 5.54% with a median weekly rent of approximately $950. Houses yield around 2.26% at a median weekly rent of $980 — reflecting their much higher purchase price. Median weekly rents across the suburb have risen around 45% over five years.


What are the best things about living in Rosebery?

Rosebery is best known for The Cannery — a converted heritage warehouse housing Archie Rose Distilling Co., Black Star Pastry, Three Blue Ducks, Frenchies Bistro & Brewery, and Zimmermann. The suburb offers leafy residential streets, a mix of Federation cottages and modern apartments, walkability to Green Square, proximity to UNSW and Sydney Airport, and a genuine community feel that sets it apart from more sterile apartment-heavy neighbours.


What type of properties are available in Rosebery?

Rosebery offers a dual market: its southern streets are lined with original workers' cottages, Federation and California bungalow-style homes — scarce and tightly held. Its northern precinct is dominated by newer high-density apartments, including converted warehouse projects and boutique developments like Stockland's Stanton Place. Apartments currently account for around 71% of all dwellings.


Do I need a buyers agent to buy in Rosebery?

Given the competition in Rosebery — with data showing nearly 913 buyers competing for just 6 available houses at any given time — having a buyers agent is a significant advantage. Many of the suburb's best properties, particularly houses, trade off-market. A buyers agent with local agent relationships can access these opportunities before they reach the public portals, and negotiate from a position of genuine market knowledge.


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12 popular buyers agent questions answered 

 

When it comes to buying a property, many people assume that they can navigate the process on their own. However, purchasing a home or an investment property is often a complex and time-consuming process that requires expert knowledge and guidance. This is where a buyers agent can be incredibly valuable. A buyers agent is a licensed real estate professional who specializes in representing the interests of homebuyers. 

 

In this article, we will explore what a buyer’s agent is and the benefits they offer, as well as when it is appropriate to engage their services. Whether you’re a first-time buyer or a seasoned investor, understanding the role of a buyer’s agent can make all the difference in finding your dream property.

 

What You’ll Learn From This Article

 

  1. What is a buyers agent? 
  2. What’s the difference between a real estate agent and a buyers agent?
  3. How much do buyers agents charge?
  4. Are buyers agents worth it?
  5. How much will it cost me not to use a buyer’s agent?
  6. Do i need a buyers agent in today’s market?
  7. How to choose a buyers agent?
  8. What questions should i ask a buyer’s agent before hiring them?
  9. Can you claim buyer’s agent fees on tax?
  10. Can a property seller contact the buyer agent directly?
  11. Do i have to sign a buyer agent agreement?
  12. Can you have multiple buyers agents?

 

What is a buyers agent?

A buyer’s agent is a fully licensed property agent who works on behalf of a homebuyer or property investor in a real estate transaction. The primary responsibility of a buyer’s agent is to help their client find and purchase a home that meets their specific needs and budget.

 

Buyer’s agents work exclusively with buyers and are therefore focused on helping buyers navigate the complex and sometimes overwhelming process of purchasing a home. They typically have extensive knowledge of a local real estate market and relationships with a network of selling agents in that area.  

 

Buyer agents offer purchasers transparency and clarity around price and market value by researching comparable sales transactions and will drive the due diligence and research process to mitigate the risk of a purchased property causing problems or stress to its new owner in the future. 

 

The way a property is marketed, negotiated, and sold depends on many factors including demand for that property type, the expectations of the vendor, and the particular style of the sales agent. Every transaction is unique and a buyers agent’s experience navigating the many variations of the sales process and the legal and financial requirements involved can undoubtedly give a purchaser an advantage.

 

Another of the key benefits of working with a buyer’s agent is that they can provide objective advice and representation throughout the home buying process which may otherwise become an emotional decision. 

 

Because they work solely on behalf of the buyer, they can help their clients make informed decisions without being influenced by any other parties involved in the transaction. Additionally, many buyer’s agents will deploy methods and resources that can help buyers find and evaluate the right property more efficiently than they might be able to on their own. This includes accessing properties not listed for sale by traditional means (off-market or silent listings). 

What’s the difference between a real estate agent and a buyers agent?

Buying and selling real estate can be complicated. That’s where buyers agents and real estate agents come in. A real estate agent is a professional who sells properties. Who does a real estate agent represent? The seller. Real estate agents are paid through commission from either the seller or the vendor. A buyer’s agent, exclusively represents the buyer. They act in the buyer’s best interest and help them through the process of securing the property they want.

 

How much do buyers agents charge?

Many buyer’s agents charge for service like a real estate sales agent ie, a percentage commission. This can make sense if you’re selling a property as the sales agent is incentivised to achieve a higher sales price. Paying more commission to your buyers agent the more you pay for your property can make less sense for buyers In hotter market years such as during 2020- 2021, Unicorn Buyers Agents offered fixed fees, to protect our clients.

 

In neutral or cooler years we offer a percentage-based fee capped at a pre-agreed rate. This way our buyers may benefit from a lower-than-expected commission whilst also having the peace of mind of knowing the maximum they’ll pay. 

For maximum flexibility and transparency, we offer clients the choice to lock in a fixed fee or to hire us on a percentage-based fee capped at a pre-agreed amount.

 

Are buyers agents worth it?

In Australia until recently the use of a professional buyers agent to undertake one’s search and property purchase was uncommon.

 

Sydney house hunters have long been resigned to the stresses of endless weekend inspections and annoying agent phone calls, not to mention having to negotiate with seasoned professionals trained in the art of extracting the highest possible price for their client- the seller. 

 

In the last few years however Australians are increasingly following the trend of their US counterparts to engage a buyers agent to find, negotiate and secure residential owner-occupied and investment property. Why?

 

 The competition for the best property in the most desirable suburbs has intensified, with a significant percentage invisible to the average house hunter. Property prices have spiked- and so has the cost of making a mistake. And we have increasingly become time-poor professionals who realise the value in deploying another professional to do what they do best.

 

Hiring a buyers agent does make sense but what can you expect for your money, and how will you assess the value of your buyers agent’s services?

 

A good buyer’s agent in Sydney will understand your brief in detail, then tailor their services and fees to your exact needs. This may be as simple as attending an auction to bid on your behalf, or appraising a property you have found, or conducting the entire search campaign all the way from day one to contract settlement.

 

  • ‘Bid at auction’ gets you a hired gun as your proxy on the big day. They will bid, deploying one of many strategies they have available, which they believe is best on the day to secure the property for you for the lowest price possible whilst taking into consideration other bidders, and the auctioneers style.
  • An appraisal and negotiate service will see a buyers agent provide you with a professional opinion on the market value and likely selling price of a property you have found, based on recent comparable sales, market momentum, and level of interest in that particular property. The agent will then deploy their negotiation expertise and relationships to negotiate a purchase by private treaty.
  • A complete search really should be just that. The best buyers agents will go beyond public listings to use real estate agent outreach, professional research tools, community networking , door knocking and letterbox drops to source and shortlist potential properties. 

Dozens of physical inspections will follow, accompanied by detailed research to validate the properties have no issues and can be secured within your budget. They will have a team of professionals including building inspector, engineer, solicitor, builder, handyman and property manager- to do all the heavy lifting, and will coordinate them all on your behalf. They’ll deal with selling agents, so you don’t have to. And they’ll package up a shortlist of desirable options to make your decisions. easier.

 

 A top buyers agent will show you the property that ticks your boxes, and sometimes that may be unconventional- but a buyers agent will also show you how an easy low-cost renovation can leave you with the property you dreamed of.

 

 An expert buyers agent will be your voice of reason- guiding you to avoid psychological pitfalls like analysis paralysis, FOMO, buyers remorse, and more.

 

 Finally, a good buyers agent will ensure you pay the right price, the lowest price possible given market conditions. 

 

How much will it cost me not to use a buyer’s agent?

I talk to buyers every day and a comment I often hear is “I’d love to use a buyers agent to find my property but I really can’t afford it because I need to put every dollar toward my purchase”.

 

I put one to three on-market and off-market property matches in front of my clients every week. These properties are within budget, they have been physically inspected and researched to make sure they’re problem free. 

 

I know how the sales agent will run the campaign and by deal time I’ll know the minimum price that needs to be paid to secure the property. This saves my clients thousands of dollars of search time  and many thousands more by not overpaying. I’ll also buy a better house on a better street which means tens, or hundreds of thousands of dollars more in your pocket. 

 

How? Let’s assume you manage to buy without overpaying and you’ve chosen a good suburb, street, and property type that grows in value at say 4% a year for the next decade.

 

 Now let’s assume I could buy you a slightly better property that grows in value at a slightly better 5% for the next decade. That 1% extra on a $2m property means my purchase will be worth $200k more than yours in ten years time. Not using a good buyers agent will cost you money.

 

Do i need a buyers agent in today’s market?

In a seller’s market with FOMO running high it seems easier to understand the value proposition for a buyers agent.

But great buyer agent work is just as critical in a cooler market. Here’s a few reasons why.

  1. Selling agents get much better at returning your calls in a tough market but they still have one thing top of mind – squeezing the highest possible price out of you. That’s their job. 
  2. We have the relationships with agents which helps us find opportunities in the form of off-market /silent listings by anxious and distressed owners. We also help bring things to market. Potential sellers are more likely to list when a buyers agent walks through the home during an appraisal. 
  3. We assess up to the minute market value. Sydney property prices are volatile. Price action varies suburb to suburb, street to street. Last nights’ sale resets todays suburb benchmark. On a $2M home purchase overpaying by 3% is a $60,000 mistake and buying at a 5% discount to market is a $100,000 win.
  4. Cooling markets are a minefield of second grade properties and unrealistic vendors. We shortlist, inspect and present only the best, most viable options saving you time money and stress. 

How to choose a buyers agent?

Hiring a buyer’s agent is a significant investment. Understanding how to prepare for the buying process and how to choose the right agent for your search will save you in every respect. Avoid the following mistakes and you’re well on the way to a profitable, and enjoyable buyer’s agent experience.

 

Mistake #1. Hiring an agent before your finance is approved.

Serious property hunting without the funds available is unproductive. You cant buy if you haven’t got the money! The first step of buyer preparation is to have your finance in place- preferably a fully assessed loan rather than just an approval in principle.

 

It’s certainly advisable to research your property market, write your brief, and get your buying team in place whilst arranging finance. However, the right time to put your buyer’s agent to work officially is when your finance is approved.

 

Mistake #2. Choosing a buyer’s agent without a buying team if you don’t have one of your own

A successful buying assault on a sought-after home or investment requires a crack team of experts; In addition to your buyer’s agent you’ll need a top broker and solicitor, and if the property is a renovation project, an architect, private certifier, a builder, or tradespeople, an engineer a  quantity surveyor as well. This group comprises your personal army, your buying team.

 

If you don’t have a team at hand make it a high priority to select a buyers agent who can bring one to the table. Hiring this agent means you’ll inherit their panel of experts who have worked together in the past. You’ll enjoy the advantage of ‘synergy’ when an experienced team works together with your buyer’s agent for a great result -all without you having to lift a finger.

 

Mistake #3 Not choosing a buyer’s agent who is completely independent and working for you

A buyer’s agent must be  100% working in your best interest.

 

This means they should not accept any type of incentive or remuneration that would affect their ability to give you independent advice.  A clear contravention of this principle would be a buyer’s agent accepting an incentive from a builder or developer for an introduction that leads to a sale. 

 

Standard agency agreements in all states generally make provision for an agent to disclose referral fees and commissions so you can understand whether there is a financial incentive involved with any of your buyers agents associations.

 

Mistake #4 Not choosing the buyer’s agent service that corresponds to your needs

Good buyers agents generally have three or four core offerings ranging from “Done For You” to appraisal, negotiation, and auction attendance. Choosing the appropriate service will require you to be realistic about your own property skillset and the time you can allocate to your house hunting.

 

 If you have the network, resources, and experience to access suitable properties then an ‘appraise and negotiate’ or ‘bid at auction’ service may really be all you need.


Be aware that although you think you can do the job using just these services, you can’t buy what you can’t see and this approach may cost you more time and money in the long run. 

 

Mistake #5 Not choosing a buyer’s agent who specializes in your desired area

An agent that works (and lives and plays) in the suburbs you are searching within is tuned into the important details that can affect a successful purchase. A formal appraisal or valuation is no comparison to the local knowledge of a seasoned area specialist. Bad neighbours, upcoming poor development, problematic executive committees..a local specialist will be aware and steer you clear of troublesome issues that are not apparent to an outsider.

 

Mistake #6 Not paying the right price for the service you’re getting

Buyer’s agents’ pricing can vary widely, and with good reason. Any good agent will tailor the scope of works to your circumstance and most will agree on a fixed price that reflects the work involved. It is worthwhile to understand what that work entails.

 

 A detailed, particular brief for a property in a tightly held suburb should command a premium and what you’ll be paying for is the buyer’s agent’s network of local selling agents, business people, and community, as well as their less conventional methods of sourcing property.

 

More abundantly available property in a less salubrious suburb will see you paying a buyer more for their time conducting inspections and putting together the deal, or their analytical skills if it is an investment property.

 

Paying an entry-level agent an entry-level fee for a challenging brief will not give you an expert outcome.

 

Be as wary of ‘cheap’ fees as exorbitant fees. Take a moment to consider the difficulty of the task at hand and the time and expertise required.

 

Mistake #7 Not assessing the methods your buyer’s agent will use to find your ideal property

Good buyer’s agents will apply multiple resources to source property and it merits asking how your buyer’s agent operates. Key activities you should listen for include personal outreach to a selling agent network, extensive use of research tools such as RPData, and personal outreach to potential sellers, amongst others. Opportunities arise from contact with people and the best agents spend all day talking and researching.

 

Mistake #8 Not choosing an agent with auction experience if that’s the likely method of sale for your property

If the common method of sale for your future home or investment is via an auction then your buyer’s agent should have extensive bidding experience.

 

Auctions are volatile environments where the odds are stacked against the seller. There is plenty of room for error leading up to, and on the day and you will need an agent that, is calm, knows all the rules, and has multiple battle-tested bidding strategies. A well-chosen agent will often know the auctioneer and their calling style which can help.

 

It’s not considered rude to ask your prospective buyer’s agent about their auction experience, and their preferred bidding strategies.

 

Mistake #9 Not screening your agent for negotiating power

Buyer’s agents are negotiators. They are the conduit between you and all the other players in a high-stakes situation. They’ll likely even mediate between you and your spouse when the pressure is on at deal time! To screen for a good negotiator you’ll need to trust your instincts rather than ask questions. Your prospective hire should leave you with the sense that things are going to go your way. Chances are they’ll be waving that magic wand over the other parties too which makes a good deal more likely.

 

Mistake #10 Not having a well-defined brief for your agent

The more thoroughly you detail and communicate your wants and needs, the better your outcome. A good brief goes way beyond just the property attributes. If the property is to be an investment share your overall long-term goals, how the purchase will fit into your portfolio, and when and how it will be divested.

 

If it’s your family home share what you do for work sports and hobbies, what your evenings and weekends look, like where your kids spend their time. Property choice is driven by lifestyle and understanding this is key for your agent to find that perfect property match.

 

Mistake #11 Not confirming your buyer’s agent will be working exclusively on your brief

A buyer’s agent cannot work in your best interest if they have signed on other clients looking for the same type of home in the same suburb and a similar price range.

 

You need to ask the question- will your brief, price range and instruction have exclusivity in your agents’ portfolio, until they have found your property? It’s not a rude question to ask a prospective buyers agent what other types of clients they will concurrently be working on and what assurances they can give you there will be no conflict of interest.

 

It’s easy for buyer’s agencies large and small to blur the line by having multiple clients with similar briefs. In a tight market with short supply who gets first dibs on something matching multiple briefs?

 

Mistake #12 Choosing a larger agency and being assigned a junior or an associate.

As with many professional services sectors you run into the possibility of being pitched to by a senior expert only to have your brief delegated to a junior once you are on board.

 

 This can be a frustrating experience. If you are choosing a larger organisation always confirm that the agent you want to be looking after you actually will personally be responsible for your search.

 

Mistake #13 Not reference checking your Buyers Agent

Just as you would when you hire an employee- dont be afraid to ask your buyers agent for one or two names of past clients who would be happy to comment on how they worked. Confidentiality issues aside a good buyers agent should be able to agree to this. 

 

So there it is in a nutshell. Using a buyer’s agent will be a profitable and enjoyable experience so long as you can avoid the above mistakes.

What questions should i ask a buyer’s agent before hiring them?

 

When you’re hiring a buyer’s agent, it’s important to ask a few questions to ensure that they’re the right fit for you. Here are some questions you may want to consider:

 

  1. What experience do you have as a buyer’s agent?
  2. How do you plan to help me find the right property?
  3. How familiar are you with the local real estate market?
  4. Can you provide references from previous clients?
  5. How will you communicate with me throughout the buying process?
  6. How do you handle negotiations and bidding wars?
  7. Do you have experience working with first-time homebuyers?
  8. How do you get paid for your services?
  9. How many clients do you currently have?
  10. Do you work full-time as a buyer’s agent or do you also handle listings?

Asking these questions will help you get a better sense of the agent’s experience, expertise, and approach to working with clients, which will help you make an informed decision when hiring a buyer’s agent

 

Can you claim buyers agent fees on tax?

If you are using a buyer’s agent to purchase an investment property, for example, your buyers agent fees may be capitalised into the purchase and be deductible on sale. Even if you are using a buyer’s agent to purchase a personal residence, it’s worthwhile hanging on to the invoice. Check with your accountant and tax agent to see what portion of fees may be expensed and how. 

Can a property seller contact the buyer agent directly?

Yes, a property seller can contact the buyer’s agent directly. This does in fact happen. Here at Unicorn Buyers Agents we are contacted daily by sellers interested to avoid sales agents commissions by seeing if we may have a buyer for their property.

A property seller who already has their home listed with a sales agent is much less likely to contact the buyers agent directly as they trust their nominated agent to facilitate the transaction. 

 

A property seller who is selling privately will contact the buyer agent directly and we have conducted a number of purchases directly with the seller.

 

On occasion, a buyers agent may contact a seller directly even if they have a sales agent- but always with the permission of the sales agent. It may be to clarify some detail directly, to give a client peace of mind. 

 

Do i have to sign a buyer agent agreement?

Yes, you do have to sign a buyer agent agreement. A buyers agent operating in NSW is required to be either a class one or class two real estate agent and must operate under legislation set down in the Property, Stock and Business Agents Act and Regulation. The legislation stipulates that an agency agreement must be in place between an agent and a principal, outlining the terms on which the work will be conducted.

Can you have multiple buyers agents?

Whilst you could theoretically have multiple buyers agents working for you, it would be both unlikely and undesirable for you to enter into this arrangement. Most buyers agents will require you to enter into an exclusive agency agreement which recognizes they alone are working for you and their fee is liable to be paid even in the instance another buyers agent finds a property.

 

Here at Unicorn Buyers Agents we work with clients confident to trust us to find and purchase their home and as such only enter into exclusive agency agreements. We do not co-opt with other agents. 

 

So saying, we do occasionally collaborate with buyers agent colleagues outside of our organisation to assist us with a challenging brief. In this instance, we negotiate remuneration directly from our commission and no further fee is payable by our clients.