This week on Realty Talk, Bushy Martin welcomes Melinda Jennison and Rasti Vaibhav to the show to delve into the value that buyer’s agents bring to the purchasing process and the implications of renewed scrutiny on negative gearing. Enjoy the show!
Recent findings from a NAB survey suggest that around 3.5% of property purchases in Australia involve the expertise of a buyer’s agent, a figure significantly lower than the 45% reported in the USA. Projections indicate a potential rise to 37% in Australia. In a recent development, US courts ruled in favor of consumers in a $415M compensation claim related to buyer’s agent payment structures, potentially reshaping the US real estate market. This shift has prompted industry leaders to scrutinize the Australian model. Today, we delve into the value that buyer’s agents bring to the purchasing process with Melinda Jennison, President of REBAA. Additionally, amidst ongoing debates, Rasti and Bushy discuss the potential implications of renewed scrutiny on negative gearing, a contentious issue facing Mum and Dad investors.
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