‘Local real estate agents can make or break the ’social status’ of a suburb’, One of my vendors who used to be a real estate agent said. If real estate agents agree that it is a fantastic suburb, and with the media on their side, the chances of property values appreciating big-time will be great but the opposite happens when all the estate agents agree that the suburb is a slump.

Investors are very much influenced by the advice of real estate agents. They rely on the inputs from real estate agents to provide them with the general sentiments of a certain suburb and the social stigma associated with the suburbs. Hence never underestimate the power of estate agents!

For overseas investors, your best bet is to ask a local real estate agent about the suburb that you are buying into; that way you can never go wrong with your investment property!