FREQUENTLY ASKED QUESTIONS

A real estate sales agent is essentially representing the seller, otherwise known as the vendor, in a sale.  Although the sales agent is the person who will typically show you around homes that they have to offer you to purchase, their main aim is to get a sale at the best possible price for the vendor and therefore they are unable to offer you impartial advice.   As a buyer’s agent, we work for you, the buyer.  We represent your best interests and work to secure you the best deal at the best price and conditions.
Most people recognise that a buyer’s agent is very likely to secure you a property at a great price due to their knowledge and analysis of the target area and properties within that area.  A buyer’s agent, however, offer so much more in terms of ensuring that you buy in the right suburb and within the right streets in a location.  The analysis that they do looks far beyond what you may think of, such as traffic issues, parking, development plans for the area or infrastructure projects.  A buyer’s agent can also ensure that you buy under the best possible conditions.
We go through a thorough, methodical process to ensure we understand your requirements, select the right locations, the best properties and negotiate the best deal!  You can find detail about our process here where we cover the Property Zest Buyer’s Agent process.
Typically we will find a property within 2-6 weeks, however, it will depend on what your requirements are and the current market conditions.  Once we assess your requirements we’ll let you know what we think.  We don’t give up either and will continue to work for you until we find what you want!  If we think that we’ll be unable to achieve an outcome based on your requirements and market conditions, we’ll tell you up front before you engage us.
We provide you with detailed reports regarding the locations and specific properties.  We also provide photos, videos and recommendations for property inspections that we conduct.  We can provide samples of these reports if you’d like to see them.
Yes, sure can.  Many people like to do some of the work themselves and just need assistance with certain parts of the process.  Have a chat with us about what you need and we can tailor a package that will suit.
We are focused on Brisbane and surrounds and the Sunshine Coast, as well as key investment locations in regional Queensland.
We charge an engagement fee at the commencement of our service (once we’ve assessed your requirements) and we charge a success fee that is payable once a purchase contract becomes unconditional.  We charge a fixed fee based on the purchase price of the property.  The average cost of a purchase under $500k is $10,000 + GST and 2.2% for properties over $500k.
We are passionate about property and about helping you to purchase the best property for your situation.  Whether you are buying a new home, buying your first home, relocating, investing, we know first hand what each of these experiences feel like in my own life and after several years of education and investing, we’ve built up the knowledge to help you to achieve your property goals.  Give us a call or an email, We’d love to talk property with you!
Note: This answer comes to us from Noel May at Noel May & Associations, Chartered Accountants If the agent charges a fee linked to the sourcing of an investment property and the acquisition was successful, then the fee is not deductible now but adds to the cost of acquisition of the property, in the same way that stamp duty does; forming part of the asset’s “cost base” for capital gains tax purposes. When the property is eventually sold the increased cost base results in a reduced profit for CGT purposes. So in the long run the fee is tax deductible (albeit against a profit that only 50% of which is taxed). If the agent charges a fee linked to sourcing an investment property and the acquisition is not successful, the fee (although it remains a capital expense) would be deductible under the black hole provisions where capital cost which are not claimable elsewhere are written off evenly over 5 years. If the agent did not charge a fee that was not linked to the acquisition of the property but rather a fee for ‘general property advisory services’ then an argument for current deductibility may be able to be supported, especially if the taxpayer has other existing property investments.