This is a place for property investors. Whether you are starting out or you have a healthy property portfolio.
We believe that property is one of the best investment options available.
Through our investment journey over 20 years, we have helped people from a variety of backgrounds achieve their financial goals through property. We have also seen many people build large portfolios from relatively small initial investments.
We are passionate about making property investment accessible to a wider range of people.
Investing is a numbers game. Doing the research and carefully considering the options, is what leads to maximising returns. By drawing data from multiple sources, we can develop the clearest possible picture of a property’s investment potential.
We also understand that investing can be a highly personal experience. That is why, when you work with us, we take the time to get to know you and what you want to achieve.
We specialise in developing tailored investment strategies and will work with you to come up with a suitable plan of attack. We also regularly reassess our strategies, making sure they are still fit for purpose and delivering the desired results.
Every investor’s situation is different – they have their own goals, motivations, and preferred path to success.
We buy NEW & ESTABLISHED properties
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This is a great way to build your knowledge about the market and property investing.
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THE KEY AREAS WE COVER:
1. Situational Review
Where you are? Yes we discuss your financial situation. However, there are a lot of other variables that play into the selecting the right property for you. For example, your risk level, beliefs, energy and mindset. 2. Strategise
This is the most important. We have a 1.5 hour Strategy session as part of our process. Before we talk properties, we spend a lot of time talking you. What is it that you want? When do you want it? What's are some of the projections that we have to consider along the way. 3. Search Properties
Once we have your strategy and plan in place we commence the search for the property that best fits this and present one or more to you - depending on the market, urgency or sale, price negotiating leverage opportunity, and your timing. 4. Select the Property
This is where we decide on the property push the button to get the ball rolling. 5. Secure the Property and Progress
This is covers all the small steps involved in getting your property to settlement and then exchange, whilst working with you to create the team that will help you manage your property. This is an important part of the process... and until you experience this, you don't realise how valuable it is to have someone working with you. This is one of the steps in our process that is a clear stand out from other buyers agents... after the property has been purchased and setting up the team to support how you manage and progress your property investment.
SPP Property Portfolio Accelerator
SPP Property Buying Model
Latest Property Deals
Podcast
Buyers Advocate - Luke Moroney, Search Party Property
The ins and outs of property buying & investing.
"We started this podcast to specifically focus on helping people 'crack the deal'. In our 20+ years of property investing, we have seen so many people attend seminar after seminar without actually taking the step to buy a property investment. We want to change that."
12 PART SERIES - How to invest in Property like the Pros!
Episode 2 - Pairing up other strategies with growth
Episode 3 - Reviewing your current position
Episode 4 - Goal Setting
Episode 5 - Research
Episode 6 - Planning
Episode 7 - Choosing your Team
Episode 8 - Take Action and Engage your Team
Episode 9 - Property Review
Episode 10 - Proceed with the purchase
Episode 11 - Review the Purchase, What worked, Who you worked with, What could have been better?
Episode 12 - What is next?
FAQs
What is a property buyers agent?
Someone who works on behalf of a property home buyer or investor to make a purchase. The idea is for a buyers agent to get the best deal on the buyers behalf. We work with you all the way through the purchase (holding your hand throughout). We research the market(s), provide detailed information to you (our client), which includes area research, infrastructure, cashflow, potential risks, property video, and property details, and also negotiate the best price and terms.
Why do I need a property buyers agent?
A property buyers agent is an experienced and skilled person that acts on your behalf. The local knowledge and years of relationship building will work to minimise your risk and set you up for a potential to have growth in value. Real Estate Agents work on behalf of the sellers, whereas buyers agents support and operate for the buyer - working in your corner.
What are the advantages of working with a property buyers agent?
A property buyers agent is able to work on multiple deals, where as real estate agents are often providing deals that they know that our clientele are interested in. We are able to establish price, issues with the property, benefits in quick time to enable a quick sale and get ahead of the competition. We will look to provide off-market deals, and deals that have been on-market for some time, and the sellers are more motivated to reduce their price or provide better contract terms.
What are property buyers agent fees?
At Search Party Property we charge $14,000 (+ GST). The initial engagement fee is $4,000 (+ GST), which would commence the process of a property purchase. At Unconditional Stage (normally, half way through the purchasing period) the remaining amount is payable.
Where do you buy properties?
Property buying decisions are based on the individual's situation. We are in the business of building property investment strategy and sourcing the properties to support this. Brisbane (approx. 15-35km radius from the CBD) is one of the markets we have brought quite a few properties in. For the reasons that it has provided low risk and greater potential growth - in respect to affordability, infrastructure growth, population growth and jobs growth. We also source properties and developments in the Sydney, Melbourne and South Australia. We encourage our clients to diversify their portfolios and keep abreast of the changing market conditions and how they correlate with their strategic direction.
Do you buy properties for investors only?
We typically focus on property buyers that are looking for investment property to purchase. Our focus is to assist clients with the accumulation of wealth to open up their choices in life. The greater the wealth, the more opportunities to experience more in your life. For us, it is about the wealth creation that the property will provide, over the emotional aspects that home buyers look for.
How long does it take for you to buy a property?
Currently, the time frame can be very small, as we are looking/discussing deals with real estate agents daily. If a client focuses on buying something that fits their strategy, often we can secure a deal within 2 weeks. Some people are happy to wait a little longer to buy that slightly better deal that comes up every few months. At the moment, there are more deals, than there are clients as the financing in the market is a lot tougher. When buying a portfolio the finance side can be more important than the getting the property at $5-10K cheaper - as that $5-10k won’t be massively significant in 5-10 years time if the property has grown by $200k. It is about the long term thinking.
How do you choose the properties you buy?
We focus on what makes the property a good deal for our client. Every property is worth buying at the right price. With each deal we look at the potential to build a granny flat, to subdivide the land, have a high cashflow - or have multiple possibilities. Other factors come into play - property repairs and maintenances issues, closeness to transport and facilities, etc.
What are the steps involved when working with a property buyers agent?
1. Have an initial conversation about ideas, strategies, financials. Discuss with you how we work with clients before, during and after the purchase.
2. Ensure that you have assess loan options with a lender or Mortgage Broker.
3. Review deals we have worked on with clients, and if you wish to proceed, the initial engagement fee of $880 is paid to commence the buying process.
4. We discuss the type of property we will be looking for you, and provide current examples for you to review.
5. Present you with a property deal, which includes photos, cashflow sheet, flood mapping information, street maps showing shops and transport, a video through the property with commentary about potential ideas. We discuss the potential for a purchase. If you don’t choose this one, we will provide you with other possibilities.
6. If you choose to proceed, the contract is to be reviewed by a solicitor, then signed.
7. We will assist (if required) with referring other property team members - solicitor, pest and building inspector, property manager.
8. Review the Pest & Building report with you and negotiate on defects if required.
9. Send you payments and organising paper work through to settlement.
10. Discuss next steps in your Property journey.
2. Ensure that you have assess loan options with a lender or Mortgage Broker.
3. Review deals we have worked on with clients, and if you wish to proceed, the initial engagement fee of $880 is paid to commence the buying process.
4. We discuss the type of property we will be looking for you, and provide current examples for you to review.
5. Present you with a property deal, which includes photos, cashflow sheet, flood mapping information, street maps showing shops and transport, a video through the property with commentary about potential ideas. We discuss the potential for a purchase. If you don’t choose this one, we will provide you with other possibilities.
6. If you choose to proceed, the contract is to be reviewed by a solicitor, then signed.
7. We will assist (if required) with referring other property team members - solicitor, pest and building inspector, property manager.
8. Review the Pest & Building report with you and negotiate on defects if required.
9. Send you payments and organising paper work through to settlement.
10. Discuss next steps in your Property journey.
When is a good time to buy an investment property?
It is always a good time to buy an investment property, there are always opportunities. Being on the ground each day you are often presented with great deals (in any market conditions). At some stages of the cycle you need to be more mindful and conservative than at the growth times.
Looking at multiple option strategies can reduce your risk. Also watch out for the market cycles. Be mindful of frenzied activity, as you don’t want to be buying in hot market conditions where buyers are out bidding each other. Be careful about those stagnant markets, that look like they have bottomed out but don’t show signs of growth drivers coming through.
There is also a good time to sell, if that fits into your investment strategy. Consider the market conditions in Sydney after July 2017, and where we saw 10% decline in property during 2018.
Looking at multiple option strategies can reduce your risk. Also watch out for the market cycles. Be mindful of frenzied activity, as you don’t want to be buying in hot market conditions where buyers are out bidding each other. Be careful about those stagnant markets, that look like they have bottomed out but don’t show signs of growth drivers coming through.
There is also a good time to sell, if that fits into your investment strategy. Consider the market conditions in Sydney after July 2017, and where we saw 10% decline in property during 2018.
How much do I need to buy a property investment?
We are currently assisting clients with Brisbane properties as low as $165,000 (this will change over time), which enables clients to use very little of their own money.
Costs to start:
Deposit - this might be 5-20% of the purchase price (depending on lending arrangements)
Buyers Agent Fee - we charge $14,000 (+GST)
Pest & Build Inspection - $500-750
Legal Fees - around $2,000
Renovations, other reports, incidentals (may or may not be required)
When it comes to investing, think about the long term journey, and the learnings you will gain, oppose to the short term costs. At the same time, ensure you have a cash buffer in place to prevent from having to sell the property due to financial stress.
Costs to start:
Deposit - this might be 5-20% of the purchase price (depending on lending arrangements)
Buyers Agent Fee - we charge $14,000 (+GST)
Pest & Build Inspection - $500-750
Legal Fees - around $2,000
Renovations, other reports, incidentals (may or may not be required)
When it comes to investing, think about the long term journey, and the learnings you will gain, oppose to the short term costs. At the same time, ensure you have a cash buffer in place to prevent from having to sell the property due to financial stress.
What should I consider when working with a buyers agent?
- Their knowledge, skill and experience
- Are they practicing what they preach?
- Does the person resonate with who you are?
- Do they challenge your thoughts (be wary of a ‘Yes’ person)
- What is their communication style and does it work for you?
- The team of people around them
- Client Testimonials. Speak with their existing and previous clients.
- Look at what are they doing on a daily basis - talking, commenting, discussing property - on social media, through emails/newsletters.
- Are they practicing what they preach?
- Does the person resonate with who you are?
- Do they challenge your thoughts (be wary of a ‘Yes’ person)
- What is their communication style and does it work for you?
- The team of people around them
- Client Testimonials. Speak with their existing and previous clients.
- Look at what are they doing on a daily basis - talking, commenting, discussing property - on social media, through emails/newsletters.
Contact Us
Have a question? 1300 022 482