Buyers Agent Pros & Cons
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It's The Real Estate Podcast, brought to you by Ray White, the largest real estate and property group in Australasia.
And welcome to another episode of The Real Estate Podcast, available on iHeartRadio and also Spotify and Apple Podcast or wherever you get your podcast from. Well, finally, Friday has arrived, May the 27th for 2022. And this time last week, we were just a day out from the federal election. A lot has happened when you think about just how busy the PM Albanese has been. A week ago, he didn't know whether he'd be on a plane heading to the Quad meeting, let alone shaking Joe Biden's hand with photo opportunity. And of course, Josh Frydenberg was optimistic about the election and didn't see what was coming 24 hours later. And Peter Dutton, well, he certainly didn't know. So it has been a very busy week.
Coming up, as always, we're going to be speaking with Rich Harvey and talking about this week what a buyer's agent is. And week in, week out, you've heard him talking about the property market. Lots of analysis and stats and breakdowns. So this is going to be a very fertile subject to cover. But first, let's have a look at your weather around Australia.
It's the main centre forecast with propertybuyer.com.au.
And good morning to Sydney. Expecting early fog with dry, cloudy conditions and a high of 21 degrees. Melbourne, possible morning showers and a high of 15. Brisbane, a wet day with one or two showers and 24 degrees is your forecast high. And in Perth, expect dry and cloudy conditions with a high of 24 degrees. And if you're a fan of the Martin Scorsese film Goodfellas, a film that was made back in 1990, 32 years ago, then you'll know who Ray Liotta was. Unfortunately, though, he died overnight, aged 67. He was shooting a film called Dangerous Waters and was halfway through filming the movie. Not the first time an actor has died in the middle of shooting a film. It reminds me of Oliver Reed who died on the Russell Crowe film The Gladiator.
But sad news about Ray Liotta this morning.
Well, buying a home or investment property is typically the most expensive purchase a person will make in their lifetime. And buyer's agents have been around for over two decades in Australia. But does it make sense for you to get professional advice or to do it on your own? It's a great question. So we are going to break it all down with Rich Harvey, buyer's agent, CEO and founder of propertybuyer.com.au to discuss the pros and the cons of using a buyer's agent. Good morning, Rich. Here we are again at the end of another busy week. It's been a busy one with a new change of government. How busy have you been?
Yeah, it's been quite an interesting week, Craig, with the change of government on the weekend. And as expected, the Labor Party's got in. They're still counting the votes to work out how much of a majority they've got and whether they're going to have the Greens and the Independents sitting on the crossbenches. But we'll see what happens there. But yeah, we've noticed actually a little bit of a pickup in inquiry this week as a result. Hopefully it'll give the consumers and the economy a little bit of confidence and we can get on with business as usual.
Yeah, it's always nice to put that behind us. It's such a great question that we're looking at today. What is a buyer's agent? I guess the first question is, how long has Rich Harvey been a buyer's agent?
Well, I've been a buyer's agent for over 21 years. I started life as an economist and then switched across to being a buying agent. I started my business, yeah, 21 years ago when I saw that there was a real need in the community to help people make wise buying decisions. And I actually prefer the word buyer's advocate because that's what they're essentially called more in Melbourne than Sydney. The word advocate means a layer of protection. We're there to protect the interests of the buyer in the real estate transaction. But the essential definition of a buyer's agent is simply a licensed real estate professional that represents the home buyer or the investor exclusively in the transaction.
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