by Sanjeev Sah | Aug 15, 2023 | Market Updates
Buying a property off-market can help you avoid the competition, increasing your chances of securing a great deal.
You don’t have to take my word for it either.
Proptrack analysed sale prices for properties sold off-market in 2022, compared to those listed on realestate.com.au, and found that, on average:
- Houses sell for 4.3% less off-market
- Units sell for 1.2% less off-market
PropTrack said that, in dollar terms, this could translate to a discount of more than $60,000 in Sydney and close to $30,000 in Melbourne (see image).
So you might be wondering how to find the right off-market property.
Well, that’s where an expert buyer’s agent comes in.