Tag: first home buyers

Is a buyer’s agent worth it? If you’re asking that question, you’ve probably already been through a few opens that went nowhere, or watched a property sell well above what you expected to pay.

That’s usually the moment the question comes up. Not before the search starts, but somewhere in the middle of it, once the market stops feeling manageable.

Here’s a straight answer, built on what Buyer’s Agent Victoria (BAV) actually charges and actually does, not a generic industry line.

Buying in Melbourne’s North in the next few months? I have 3 Foundation Client places at half my standard fee. Answer 7 questions to see if you fit.

What Does a Buyer’s Agent Actually Do?

A buyer’s agent works only for you. At BAV, that means sourcing properties on-market and off-market, physically inspecting every shortlisted property before it reaches you, managing the negotiation, and supporting you through to settlement.

The part that’s easy to underrate is the inspection. Jason McCall spent 12 years as an insurance property assessor and claims manager before founding BAV, reading what a building’s condition actually says rather than what an open home is styled to show. Every property a BAV client is shown has already been through that same read, not a walk-through for the listing photos.

What Does It Actually Cost, and Is It a Commission?

Is a buyer’s agent worth it once you look at the actual number? BAV’s Full Property Search is a flat Professional Fee of $16,500 including GST, split into four instalments across the engagement.

That distinction matters more than it sounds. A percentage-based fee, common across this industry, quietly rewards an agent when the price goes up. A flat fee removes that incentive entirely, since the fee is identical whether the final price is $600,000 or $1,700,000.

BAV’s current Foundation Clients Offer runs the same service at $8,250 in exchange for a case study and a written testimonial after settlement, with a small number of early places still open.

Where Does the Fee Actually Pay for Itself?

Isaac B. bought his first home in Footscray as a first-time buyer working full-time shifts as a stevedore, with almost no time to search between shifts and no experience of how the process worked. BAV inspected 3 properties, and it took 14 days from engagement to an accepted offer, with the final price landing at $650,000. That was $20,000 under the $670,000 that comparable sales pointed to, and $25,000 under his $675,000 budget.

That number matters, but Isaac’s own words afterwards were about something else entirely. He said the process “made my first property buying experience incredibly smooth and stress-free,” and that it made his life easier while working a job that left him almost no time to do any of this alone.

A different client, Mel H., had a similar starting point in a different suburb. Five months of searching solo in Mount Clear, repeatedly outbid at auction with no access to off-market stock, before an off-market opportunity was secured on the very first inspection, $40,000 under what the comparables said the property was worth.

What Actually Separates a Good Buyer’s Agent From an Average One?

Two things, and neither one is really about negotiation tactics.

The first is whether the agent physically inspects a property before you see it, or just walks it through for the listing photos. BAV treats this as non-negotiable, applying the same eye for a building’s condition that 12 years of assessing insurance claims builds.

The second is genuine local knowledge, not a suburb researched from a desk the week before an offer goes in. Jason grew up in Thornbury and still lives there, so the streets BAV specialises in, Thornbury, Northcote, Preston and the surrounding Inner North suburbs, are known first-hand rather than looked up.

When Might You Not Need One?

If you already know a specific street-level market well, have negotiated a property purchase before, and genuinely have the time each week to inspect, research and follow up on listings yourself, the value of paying someone else to do it narrows.

That’s a smaller group than the number of people who assume they’re in it, particularly first-time buyers or anyone buying in a market moving faster than they expected.

So, Is a Buyer’s Agent Worth It?

The honest answer depends on what getting it wrong would cost you. Getting the price wrong is expensive. Getting the property wrong is worse, because a buyer who chooses the wrong asset usually ends up selling and buying again within a few years, doing the whole process twice.

BAV’s Full Property Search exists for exactly that reason, to get it right once, physically assessed and properly negotiated, rather than getting something that looks fine on the day and turns into a costly decision later.

Buyer’s agents are also now formally regulated in a way they weren’t a few years ago. From 1 July 2026, buyer’s agents across Australia were classified as reporting entities under the Anti-Money Laundering and Counter-Terrorism Financing Act, meaning identity and source-of-funds checks are now a legal requirement before any engagement begins. It’s worth confirming whoever you’re considering takes that obligation seriously.

Frequently Asked Questions

Is a buyer’s agent worth it for a first home buyer?
Often, yes, particularly in a competitive market where a first-time buyer is up against experienced buyers and agents who already know the local playbook. Isaac B.’s Footscray purchase is one example of that gap being closed.

How much does a buyer’s agent cost in Melbourne?
At BAV, the Full Property Search is a flat Professional Fee of $16,500 including GST, with no commission or success fee tied to the purchase price. Fees vary between buyer’s agents, so always confirm the fee structure in writing before engaging one. The three fee models are compared in dollars in How Much Does a Buyer’s Agent Cost in Melbourne?

Do buyer’s agents take money from the seller?
BAV never takes a fee from a selling agent, on any transaction. Some buyer’s agencies also run a vendor advocacy arm alongside their buyer-side work; BAV doesn’t operate one.

Are buyer’s agents regulated in Victoria?
Yes. Buyer’s agents operate under an estate agent’s licence issued by Consumer Affairs Victoria, and since 1 July 2026 are also classified as reporting entities under national AML/CTF law.

Is a buyer’s agent worth it if I’ve already bought a property before?
It depends on how well you know the specific street-level market you’re buying in now. Experience buying in one suburb doesn’t automatically transfer to a different one, particularly somewhere as local and specific as the Inner North.

So, is a buyer’s agent worth it for your own purchase?