Real estate marketing is not new because you can’t sell a secret after all.
These days, though, there seems to be so much money spent on marketing materials solely to convince buyers of how spectacular a property is.
Don’t get us wrong: marketing is part and parcel of the sector, but it should never replace research or working with an expert team.
The market softening in most major capital cities is well under way, however, alarmist media headlines would have us believe that prices are falling dramatically everywhere when that is just not true.
There remain good buying opportunities across the nation if you know what to look for and where to look for them.
The key is to work with the right team because you don’t know what you don’t know, so they can assist you with the right advice and the right research to expertly fill in any knowledge gaps.
Successful property investment has always been about market research and fundamentals but never more so than when the sector is firing on fewer cylinders than we’ve become accustomed, too.
So, it’s no surprise, then, that when the market dynamics are a little flat, that we start to see more and more glossy brochures being produced to market a property that might look pretty on paper but is unlikely to be a sound investment.
Far too often, I’ve seen people who are generally quite savvy, fall for the glitz and glamour of a marketing campaign created solely to entice them to buy emotionally.
Perhaps the brochure helpfully outlines all of the “reasons” why they would love living there or it plays on their emotions about buying their “dream home”.
The truth of the matter is the only place for fancy property brochures should be in the bin!
Plus, there is no doubt that the cost of producing them will be clawed back in the purchase price as well.
Research, then research some more
Now, we’re not saying that any property that has marketing material is a no-go, because it’s standard advertising practice.
The key is that a property has to stand up to much more scrutiny than just looking good on glossy paper.
That’s because property investment should have nothing to do with emotion and everything to do with extensive research and analysis.
Our independent Advisors analyse data from CoreLogic, SQM Research, Cordells as well as economic indicators from the Census and the Australian Bureau of Statistics to name just a few.
From undertaking high level research, our qualified property investment advisors can then make an informed decision about the locations that are most likely to produce the best future results for their clients.
Property investment professionals are highly-skilled at determining the best properties for their client’s individual investment goals.
Unfortunately, just like with the flashy brochures, too many buyers are swayed by sales pitches by agents who are actually working for the developer and not for them at all.
Clearly, that means that their opinion is not an unbiased one.
Property investment professionals, on the other hand, provide independent research and advice to their buyer clients.
At the end of the day, spending $500,000 and often more on a property is not something that should be done just because you’ve taken a fancy to how it looks on a piece of black glossy cardboard.
Every property in your portfolio should be selected because of its fundamentals and its potential for growth in the future.
Each one should move you towards achieving your ultimate financial goal.
It should never have anything to do with the colour of its letterbox.