The pros of buyers’ agents and stamp duty reforms

The real estate market is abuzz with activity, particularly among first-home buyers who are making the most of the newly implemented stamp duty reforms. Let’s explore the advantages of these reforms and shed light on the rising popularity of buyers’ agents in the property market. So whether you’re a seasoned property owner or a first-time buyer, this will help you navigate the changing landscape with confidence.

Stamp duty reforms is a game-changer for first-home buyers

Thanks to the recent stamp duty reforms, first-home buyers now have an exciting opportunity to defer their stamp duty payments. Instead of a hefty lump sum, they can opt to pay a more manageable amount of approximately $1,000 per year in the form of ‘land tax.’ Consider this: for a $700,000 apartment, with stamp duty around $26,000, this incentive is nothing short of incredible. It’s no wonder that more and more first-home buyers are eagerly jumping into the property market.

Buyers’ agents are your allies

In today’s dynamic real estate landscape, an increasing number of buyers are recognizing the benefits of engaging the services of buyers’ agents. Over the past few years, the use of buyers’ agents has surged, becoming more prevalent than ever before. This trend is particularly evident among downsizers and ex-pats.

A helping hand for downsizers

Downsizers often face the daunting task of transitioning from their long-held family homes in the suburbs to smaller residences or apartments closer to the city. This significant life change can be overwhelming, but buyers’ agents provide much-needed professional guidance to navigate this process with ease. With their expertise and support, downsizers can confidently make informed decisions about their new property, ensuring a smooth transition to their next chapter.

A personal touch for expats

For expats looking to buy a home in their home country, having someone on the ground can make all the difference. Instead of relying solely on online resources and remote communication, buyers’ agents offer a personal touch. They provide local expertise, conducting property inspections and evaluations on behalf of their clients, making the buying process more streamlined and efficient. Expats can rest assured knowing that a trusted professional is looking out for their best interests, even from afar.

The ongoing role of buyers’ agents in 2023

Buyers’ agents have established themselves as a formidable force in the property market, and their influence is set to continue growing in 2023. As the real estate landscape evolves, their expertise and personalised approach will remain invaluable for both buyers and sellers. So, whether you’re considering buying or selling a property, it’s worth exploring how a buyers’ agent can enhance your experience and deliver the best possible outcome.

We’re here to help

The combination of stamp duty reforms and the expertise of buyers’ agents creates a win-win situation for property owners and buyers alike. At Marriott Lane, we understand the complexities and nuances of the property market, and we’re dedicated to guiding you through the process. Whether you’re a buyer or a seller, our team is here to address your property-related needs with professionalism and care.

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