New property business for investor support
Investors looking to capitalise on opportunities in different property cycles will be provided one-on-one support by a new real estate advisory division.
The new division from Propell National Valuers, called Propell National Property Advisors, is expected to provide property buyers with assistance through the acquisition and investment process with a focus on diversifying portfolios into other cycles.
James Freudigmann, Propell National Property Advisors new national manager, said the advisory business would be supported by a national research team as well as 21 offices in every state and territory.
“Our focus is to provide clients with a boutique, personalised level of service by providing them with a single property advisor to manage their portfolio. Our underlying goal is to assist clients to build a well balanced portfolio, diversified across different geographical locations, with a combination of growth and yield assets,” Mr Freudigmann said.
The service includes a property investment strategy tailored to the client’s personal circumstances, providing a roadmap to achieving their goals in property.
The buyer’s advocates assist with property research, due diligence, negotiation and acquisition of the property, and the project and property managers ensure the property is maintained and tenanted with utmost care. Ongoing support is also part of the service with the client’s personal property advisor providing annual reviews and updated market information.
Propell National Valuers chief executive Bart Mead, said the new business division will create an opportunity for growth.
“We saw a need in the market for individuals and corporations to have access to professional advice and expert assistance in acquiring and managing property,” he said.
“There is often a gap between vendor appraisals and the true valuation of a property, so the ability to provide clients with a fully inclusive, unbiased service will be appreciated by property buyers, banks and financial lenders.
“People who are keen to invest in a different asset class such as commercial property and have only ever invested in residential property can find this to be a daunting experience. With the new division spanning all classes of property, being commercial, industrial and residential, clients can receive holistic advice from a single company.”