Client: Can you purchase a property this week in my SMSF?
Me: Possibly– but it needs to be suitable & priced right. Realistically slightly longer to pull the trigger on the right one 🎯
July saw short term SMSF investors rushed to act before the August 10 window closed 🏃🏻
What could possibly go wrong?
Well quite a lot ironically in a market which has turned in the buyer’s favour.
More listings, fewer buyers, price adjustments & negative sentiment are all music to the ears of buyers who finally have the upper hand.
It’s one thing to benefit from the general theme of a market up or down and another to hit a moving target with as much certainty as possible.
So how did we go?
As luck would have it, my clients engaged a Buyers Agent that has been traversing the streets of the Gold Coast & surrounds for over 20 years 😉.
Getting to know the lay of the land through countless valuation inspections, measuring thousands of houses, reviewing floor plans for new builds, renovations or talking with local agents during the sale process, and yes stepping in the occasional land mine 🐕 for good measure.
These reps built up over years allow me to provide a level of understanding & service that gave my client an edge and a decent chance of success in a very short period of time.
Everything from understanding the locations on offer, the age and calibre of different estates, risks with certain types of properties & situations and the common mistakes buyers or agents unfortunately make.
That’s before we even tackle the market & negotiation 🧐
The budget was $950k but with a strong preference to stay close to $850k.
After critiquing hundreds of options, inspecting a number of potentials & applying a suitably critical lens, I targeted & secured a property with a single offer.
As far as I know, in 2026 it is the only sub $850k free-standing home on the northern Gold Coast with 4 bedrooms, 2 bathrooms and a double garage, which is also less than 10 years old.
Corelogic has “valued” the house at $885k
Price Finder $900k
A CMA result sits somewhere well above that.
All are of these figures were realistically too high and I had absolutely no regard to when undertaking my own assessment but they do form part of the process for many buyers and sellers regardless of whether or not I rely on them.
Happy to report to my client that right now there are inferior older smaller duplexes transacting for similar or even higher figures in nearby locations which are relevant.
Smaller 3 bedroom townhouses with body corporate fees are also selling for marginally less.
This outcome would not likely have been possible for my busy client without engaging the relevant professionals to get the job done.
Each person in the chain doing their thing to achieve a result that I’m quietly confident will stand up well in the rear view mirror.
Financial advisor ✅ Accountant ✅ Broker ✅ Conveyancer ✅ Building & Pest ✅ Property manager ✅ & Buyers agent / Valuer ✅