Buyers agents rack up $800million in sales

BUYERS agents are emerging as key players in the Australian property market
according to a survey conducted by a leading industry body.
The survey conducted by the Real Estate Buyers Agents Association of Australia
(REBAA) has shown that the collective buying power of its members accounted for
more than $800 million of residential real estate purchases across the country last
financial year.

According to REBAA President Mr Byron Rose buyers agents are having a significant
influence on the Australian economy in general and the real estate industry in
particular.
“With our growing numbers and with more home buyers and investors realising the
value of using a buyers agent, we expect that figure to tip the $1billion mark next
financial year,” said Mr Rose.

“Buyer’s agents promote and protect the buyer’s interests, keep the bargaining and
financial position of the buyer confidential and provide anonymity if needed.
“Buying a home or any property for that matter, is a major purchase which is often
made after spending as little as half an hour looking at the home.
Mr Rose said in the last 10 years the number of buyer’s agents operating in Australia
had increased from half a dozen to an estimated 100 nationally.
“This recent growth has lead to the establishment of specialist Buyer’s Agent chapters
within Real Estate Institutes in some states and the Real Estate Buyers Agents
Association of Australia nationally,” he said.
“These groups have been established to satisfy the need for an independent
professional body to represent buyer’s agents and operate as a regulatory body for
this new and emerging industry. The aim is to set high standards and to provide the
consumer with access to a recognised group of property professionals with the
relevant and necessary qualifications.”