Propertyology or The Right Property Group BA service

Understanding a particular market, the 'nuances' as you refer to them, understanding the local demographic, what is the right style of property, on what streets and for what price are all very important - but there a lot of ways this can be done. Being a person who lives in that location is just one way. Just because a process is different or not 'traditional' certainly doesn't make it wrong or any riskier. As long as the clients fully understand the process and understand the level of research and information they are going to be provided before appointing any professional to represent them - that's all we should be asking as a profession.

 

Might be a while since you have worked with Propertyology @Luke - now cover a lot more. Most states and in both capital cities and some regional centres.

 

Thanks for the info. I'm seriously considering purchasing in an inner ring suburb in the Brisbane market at the moment. Do these guys predominantly work in the Sydney market? I've listened to Victor on podcasts and he sounds like he is a very diligent investor.

 

I haven't worked directly with them, but know many people who have and I've been crossing paths with them for the past six years or so. They do operate in other states, looking for the lower-priced, higher-yielding quick reno opportunities. I'm a fan of theirs. I don't believe they've focused on the Sydney market for quite some time. They purchased heavily in the Logan area in Qld, though not sure if that's still a focus, and the western Syd suburbs e.g. Mount Druitt, about five years or more ago. Very down to earth, personable and I've never seen them use high-pressure pushy tactics with anyone. I've spoken to some of their past clients and they have all been happy with the service. Many well-known western Sydney-focused BAs were originally RPG clients.

 

Not sure I like the concept of them having a property 'strategy' - wouldn't it be best to be neutral and find what the client seeks? (After some consultation to work out what that is exactly)

Otherwise seems like they'd be filling their own agenda?

 

I think you are reading too much into the word 'strategy' @D.T. - for example, I'm not an advocate of the 'reno' or 'doer upper' - it just means I won't simply take someones money and do what they ask. Plenty of people out there who will just take a fee and do whatever the client seeks. I simply will never take money from someone and help them do something I wouldn't do if it was my own money.

 

I as a buyers agent, think it is somewhere in between that is best for the client.Alot of people getting into property dont know how to develop a system or strategy as havent had the experience.So listening to them and working out a system to help them build a portfolio based on them is essential to help them be successfull going forward.
Or on the other side if people know what they want but just need you to find them a good undermarket deal ,with cashflow,opportunity to add value and growth potential,that they dont have the contacts or experince to find ,then thats great too.

 

Hi @D.T.

I think you are leveraging the BA's expertise and 'strategy' when purchasing an investment property. Especially if you are purchasing interstate. But agree with @Luke Taylor that it needs input from the client too, it shouldn't be a one way thing. If you don't agree with what they are saying, choose a different BA.

I really doubt Metropole would purchase in a regional town outside the big 3 cities for their client. Conversely, Propertyology would unlikely purchase in blue chip areas and pay +600k for their client. Each have a particular model that they follow, and would not deviate from that. I imagine there are some BA's who are happy to be given a prescriptive brief from a client (e.g. homebuyers), and follow that method instead.

When looking for a BA, I would suggest you talk to more than one. Your gut instinct should help with who to choose. (Just make sure you have a healthy gut )

 

Yep, I agree with you. I think we were saying the same things , just different wording.

 

Thanks

Thanks for the info @Jennifer Duke. Sounds like they offer a good service then.

 

Absolutely. But do your due diligence - definitely ask for proof of past performance (what and where they've bought when and why) and for numbers of current clients to call and check up with.

 

Yes definitely! Will be making contact with a few different BA services and doing due diligence.

It's a substantial fee to add to other entry costs for property, but worth the fee I believe, if they can find a good performing property.

Thanks

 

As per above comments keep your brain switched on and do your research and if they are buying established property well in markets with limited supply then nothing wrong with using a service. People come unstuck when they become disciples blindly and don't check claims made by services or personalities.

 

I'm currently purchasing with Propertyology at the moment and have been very happy with their advice and research they have shown me so far , the purchase process has also been run smoothly and I like what I've seen greatly

 

Propertyology blocked me on Facebook after an old post of a prediction they made popped up and I called them out on it as their prediction was way off. I think their clients missed out on both the Sydney and Melbourne booms by going regional. And they don't really like the look of Brisbane..

Metropole is pretty good. They don't buy blue chip, they buy within 10km of the cbd so pretty safe and they like their ugly ducklings to Reno a bit too..

Right property group= the best buyers agents out there in my opinion. Trained Nathan birch and helped his business partner start his property portfolio.. I know plenty of people that go with them and have had great results. Steve and victor are great. They don't really market very much as they have a fair amount of clients already.

Depending on what u wanna buy, pick your BA from there but RPG are more flexible than most and don't just buy high yielding properties

 

Thanks for the reply. Very helpful. Yes I am a bit reluctant to go any further with propertology at the moment and TRPG do sound like their strategies are aligned with mine. Budget is around $400k so was thinking Brissie could offer the best value in terms of getting a suitable property within the inner ring suburbs without buying an apartment. I will ask TRPG if they are buying in the Brissie area and doing thorough on the ground research there.

 

I know for a fact they are on the ground and have local buyers agents based up there and in Melbourne too. Steve and Victors dilligence and time in the game tell me everything. They put their money where their mouths are and have invested in the same locations they buy properties for people and have amazing portfolio's themselves.

 

There are several great BAs who work in Brissie including Karen Young from Zest, Andrew Allen, Property Searchers and Property Pursuit, just to name a few - all REBAA members too. Check out the list and start interviewing. Good luck and keep us posted.
Members - REBAA

 

Thanks for the assistance

 

Hi John, who did you end up using? If Right Property Group what's your feedback on their service?