Find the right property at the right price with help from a Sydney buyer’s agent.
Buying a home in Sydney is harder than ever before. With skyrocketing house prices and an ever-competitive property market, finding your dream home at an affordable price is often far from easy.
But this is where a buyer’s agent can help. Buyer’s agents, also known as buyer’s advocates, work on your behalf to help you find the right home at the best possible price. If you’re looking for a buyer’s agent in Sydney, read on for details on how to find an experienced and reputable professional in your local area.
How do I choose the right buyer’s agent?
The key to choosing the right buyer’s agent is to do plenty of research and shop around to find the best person for the job. Look for an experienced and reliable agent who has an in-depth knowledge of the property market wherever you are looking to buy, and remember to ask for details of their qualifications and references before hiring anyone.
Sydney's best-serviced suburbs
Finding a buyer's agent with expert local knowledge is essential if you want to be sure you're getting the best property deal for your target area. Home buyers often seek the help of a licensed buyer's agent in some of the Sydney suburbs below.
Sydney’s Inner West is home to some of the most sought-after property in Sydney. Stretching from Leichhardt and Rozelle in the east to Homebush and Rhodes in the west, the Inner West offers a range of housing options that include everything from older terraced houses to newer detached dwellings. Home to a population of 297,317 (according to the 2015 census), the area is particularly popular with younger home buyers with a median demographic of 36.5 years of age.
If you’re looking for a suburb that combines a relaxed coastal lifestyle with convenient proximity to all the attractions of the Sydney city centre, there’s a good chance you’ll find the perfect property on the Northern Beaches. Stretching from the entrance to Sydney Harbour north to the entrance to Broken Bay, the region includes suburbs such as Manly, Warringah, Collaroy, Dee Why, Narrabeen and Palm Beach. The 2015 census showed that the Northern Beaches had a population of 266,247 people with a median age of 39.5.
Taking in some of the most expensive real estate anywhere in Sydney, the Eastern Suburbs offer natural beauty, an enviable lifestyle and a wide range of housing options. Although famous for its ritzy harbourside suburbs like Vaucluse, Double Bay and Point Piper, the Eastern Suburbs also includes areas with a more middle-class feel. Coogee, Maroubra, Randwick and Matraville are all located in the area, as is the world-famous Bondi Beach. 2015 census figures showed that the Eastern Suburbs had a population of 283,470 and a median age of 35.2.
What does it cost to use a buyer's agent?
There are two main ways in which buyer’s agents charge fees: they may charge a flat fee for their services, or they may charge a fee calculated as a percentage of the purchase price of the property you buy.
As a rough guide, Sydney buyer’s agents tend to charge between $5,000 and $15,000 if they have a flat fee, or between 1.5% and 3% of your property purchase price. While the bulk of fees are typically payable once the agent has helped you find and purchase a property, you may have to pay a portion of those fees upfront.
We've covered buyer's agent fees in more depth in this useful guide
What is the median cost of buying a property in Sydney?
Data from CoreLogic reveals that as of 31 March 2017, the median dwelling price in Sydney had risen to $805,000, an increase of 18.9% on the previous year. This clearly makes Sydney Australia’s most expensive capital city – the median dwelling price in Melbourne, the next most expensive capital, is some $200,000 cheaper.
With this in mind, engaging a buyer’s agent when purchasing property in Sydney could be crucial. Not only does it give you a competitive advantage over other buyers, but it can also help you negotiate the best possible price.
Popular suburbs in Sydney to buy property in 2017
Only 35 minutes from the CBD, this western Sydney suburb is enjoying increased popularity. Infrastructure projects and housing developments promise a bright future, while CoreLogic data reveals a 67.9% increase in the median sales price in the past five years.
While it has long been home to an ageing population, this popular Inner West suburb is fast becoming sought-after by younger buyers. With a median sales price that’s risen 81% in the past five years, Croydon is a suburb on the rise.
Located 23km southwest of the Sydney CBD, Panania boasts large land sizes and prices that are steadily increasing. The median sales price has risen 6% in the last 12 months and 67.5% across the past five years.
An urban hub 29km west of the Sydney CBD, Fairfield has so far not experienced the same rapid sales growth as other urban centres. However, with a CBD re-development planned and major infrastructure projects in the works, that could soon change.
Located at the foot of the beautiful Blue Mountains, Emu Plains offers a relaxed lifestyle but still allows residents to commute to the CBD. Emu Plains has seen a 53.7% median sales price increase over the past five years.