BlueWealth

I went and saw them but I wasn't too impressed and I have spoken to some acquaintances who have said the same thing.

I just found that they were not the right fit for what I was looking for. I felt that they work closely with developers and have their interest at hand rather than say my interest.

Im not sure what you mean by Astro?

Just a thought, is a buyers agent completely unbiased, will they receive the same amount of money from you if you buy the property or not. Could that extra commission they will receive from you if you buy, influence the advice they give?

Blue Wealth sold units in a block in Campbelltown NSW, in 2009. Their main target for buyers were South Australian doctors (14) and the commissions they charged the developer was 8.5%. So on a $350,000 sale price they were paid $29,750. The units were not selling locally, so the marketeer's had to go to S.A find their target.

I know Tony Hayak, the owner, personally. Tony puts a lot of work into both where they buy and the developers they deal with. They get well paid for sales, but as a developer you can't buy Tony just with high commissions, I know this because my main business is financing property developers and i can't get Tony to do my clients pre-sales because the stock is all in Melbourne and he doesn't like Melbourne at the moment (I don't agree with him on this, but that is beside the point, time will tell who is correct). For someone interested in off the plan purchases, I would suggest that Blue Wealth is about as good a company as you could deal with.

APerry: I don't think UNDISCLOSED 7%-8.5% commissions are acceptable and I am sure Margaret Lomas and PIPA don't agree with you:

PIPA upholds anti-spruiker campaign

Property Investment Professionals of Australia (PIPA) has continued the call for caution in light of recent spruiker concerns, urging investors to ensure full due diligence is carried out before signing the dotted line.
PIPA chair, Ben Kingsley, says the opportunity for investment in property is 'incredibly attractive' right now.
“That being said, it’s critical investors keep a cool head. The worst investment decisions are often made on a whim or with little research, so the proper due diligence steps, including seeking out expert advice, are a must.”
“Unscrupulous operators are quick to circle around budding investors at this time, doing their best to cash in on increasing interest in the property market. Investors must be cautious to check the credentials of any person or company offering properties for sale or providing property investment advice.”

In particular, he says buyers must remember to differentiate between ‘advisers’ and ‘marketers’ – and to remember not to listen to everything a sales person says. “They are after all, trying to sell you a property.”

Kingsley also stresses the importance of utilising a trusted – and qualified – adviser.
“Whether it be property investment advisors advising on suitable property investment, mortgage brokers advising on lending and loan structure, accountants advising on tax matters, or buyers agents assisting with purchase negotiations, they must all put the clients’ interests ahead of their own.”