Why is it hard to value a property?

Valuing property in today's market is extremely challenging, even for real estate agents, who are sometimes accused of underquoting. So, is it underquoting? We would argue it isn't. Rather, it's the result of undersupply and high demand in certain market pockets. For instance, last week in Surrey Hills, a property with a quoted range of $2,000,000 to $2,200,000 saw a heated auction with over 20 bids, ultimately selling for $2,737,000. While the property sold well above the quoted range, the real estate agent wasn’t intentionally underquoting;

“Money is made in the buying,” says Lauren Staley, from Infolio Propertyn Advisors.

Investing in property isn't about timing the market; it is about buying well. This doesn't merely imply snagging a property at a bargain price; it's about securing the right property for a fair price. The money is made in the buying. Seek sound advice, commit to your investment, and focus on quality acquisitions. Follow this process, and you will achieve success.