https://propertyplanning.com.au/propertyplannerbuyerprofessor/ In this week's episode of the Property Planner, Buyer and Professor Podcast, the team pick apart the behaviours of real estate agents that drive buyer's' up the wall and shed light on the method behind the madness, as Dave, Cate and Pete discuss: Weekly market insights 1. Rent-vesting to make a comeback? With interest rates the lowest they've ever been and homebuyers looking at where they will purchase and what they can afford, we expect that rent-vesting will return with renewed vigour. Life is too short to live in a location where you'll be unhappy and more people will turn to purchasing investments. It's never been easier to find neutrally geared properties, to ensure your money works hard for you. 2. All capital cities have increased in the value in the last year After the pandemic dust has settled and now all capital cities have returned to growth, all capital cities have recorded an increase in values over the last year. Perth just made it with 0.04% increase, and Melbourne with 0.7% despite the market retraction. Perth and Darwin in particular have been dragging the chain for years, due to the retracting resources market, so this is certainly positive to see. Some capital cities will, of course, go up faster than others. 3. Vic stamp duty concession The Vic budget has announced stamp duty concessions for any property purchases up to a value of $1M, with a stamp duty waiver of 50% for new residential properties and 25% for established residential properties. The offer will be available for contracts entered into between 25 Nov 2020 and 30 June 2021. This is another factor that we expect will drive strong value growth in 2021. Some questions are yet to be determined, for example, whether you can double up on concessions including first home buyer discounts. Agent behaviours that buyer's don't like 1. Why would an agent leave a price tag off the listing? This comes down to understanding what is market centric for the area that you're purchasing in. The trio reveal the reasons why the listing may not include a price tag and how this could present a hidden opportunity to take advantage of. 2. What is the psychology behind underquoting auctions? While this may cause endless frustrations for purchasers who repeatedly miss out, there are reasons why agents adopt this practise. The trio discuss some of the quirks of each state, what the legislation dictates, and how buyers can overcome this hurdle if it strikes. 3. Why do some agents talk in riddles when asked about a price tag? Ultimately, the agent does not work for you, their job is to get the best outcome for the seller. This means that you will be sometimes find yourself on the front line of many well developed, tried and true negotiation tactics. 4. Why is it naïve to assume an agent will negotiate exclusively with you? Whilst it may be frustrating to think you've put in a winning offer, only to find out hours later that another buyer has come over the top of you, this is the agent doing their job. The more people who are involved, interested and willing to purchase, the better outcome the agent will secure. Rather than being sour grapes about competition, buyers should be on the front foot, quizzing the agent prior to submitting their offer to explore how the agent intends to deal with any competing offers. 5. Why do agents shop around after receiving a firm offer for purchase? Encountering competition from other interested buyers is part and parcel of the home buying...