logo
Inside edge: Why a buyers' advocate is now essential in regional hotspots

Inside edge: Why a buyers' advocate is now essential in regional hotspots

7NEWS17-07-2025
In tightly held coastal towns like Byron Bay, Bangalow, Lennox Head and Kingscliff, many of the best homes are sold before they even appear online.
In this climate, working with a buyers' advocate has become less of a luxury and more of a necessity.
Nick Goldsbrough-Reardon, Director and Buyers Advocate at Compass, says buyers today need more than enthusiasm and a view.com.au alert.
"In high-demand areas, the best properties are often sold before they're listed," he explains. "A buyers' advocate gives clients access, speed, and strategic advice that helps them avoid costly mistakes and beat the competition."
A common misconception among buyers, Goldsbrough-Reardon notes, is that they can simply watch the major portals and wait for the right property to appear. But the reality is that standout homes are often sold off-market, or snapped up within days.
More critically, many buyers are unaware of zoning risks, flood and bushfire overlays, or planning restrictions, which can turn a dream home into a liability or lemon.
"It's not just about finding a home," he says. "It's about knowing what you're buying, and what you're not."
One of the biggest advantages of working with a buyers' advocate is access to off-market properties. Compass has built long-standing relationships with selling agents, developers and local vendors across the Northern Rivers and Tweed Coast.
"We're often offered properties before they launch publicly," Goldsbrough-Reardon says. "And we proactively approach homeowners whose properties match our clients' briefs."
This behind-the-scenes access can make all the difference, especially when demand outpaces supply.
"Getting A-Grade stock before it is listed online can be the difference between settling for something that is available or securing your 10/10 dream home," he says.
A recent success story illustrates just how effective this can be.
Goldsbrough-Reardon worked with a Sydney-based client seeking a secluded beachfront home in Pottsville. The property was secured 100 percent off-market.
Compass managed all the due diligence, including navigating flood zoning concerns, negotiating favourable terms, and finalising the purchase privately. The entire deal was wrapped up within 72 hours of the initial inspection, well ahead of several other interested buyers.
What sets Compass apart from other agencies is not just its access to listings, but its commitment to full-service representation. The firm has a dedicated team of four agents and two support staff, with deep local knowledge and a full-time office in the region. They work seven days a week, maintain strong trust with local agents, and tailor strategies for each client's unique goals.
"These aren't just transactions, they're long-term investments in lifestyle and wealth," Goldsbrough-Reardon says.
"We act with discretion and integrity, and that earns us the trust of vendors and agents, which in turn benefits our clients."
In today's market, speed, strategy and insight are just as important as budget. With rising competition and a growing number of homes selling off-market, having a buyers' advocate who understands the local dynamics, and can move quickly, is a clear advantage.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Copper mine closure shocks Mount Isa with thousands of jobs at risk
Copper mine closure shocks Mount Isa with thousands of jobs at risk

7NEWS

time4 hours ago

  • 7NEWS

Copper mine closure shocks Mount Isa with thousands of jobs at risk

A historic chapter has ended, with Glencore's copper mine shutting down after seven decades of operation. Just before midnight on Wednesday, workers emerged from nearly two kilometres underground for the final time in Mount Isa, Queensland. The deepest mine of its kind in the country is no longer financially viable to run, according to the Swiss-based operator. 'A lot of people, I'm sure it'll be a sad time, but it'll be a good time for them as well, new beginnings,' one miner told 7NEWS. 'It's going to impact the town big time,' said another. 'But life moves on. I know mine is.' As one worker shouted from a car window: 'All over. Woohoo!' About 500 people have lost their jobs. Some are relocating. 'I'm moving ... going down to work at a new mine in the Northern Territory,' said one miner. 'There's people who've been here 20, 30 years,' another added. 'It's sad for them, but a chance to retire and move on.' What the closure means for Mount Isa The city has long been tied to mining. Local businesses are already feeling the change. 'A lot of the people who've lost their jobs are locals who've been here a long time,' Robert Burow from Colonial Convenience Store said. Mount Isa's population dropped 18 per cent between 2001 and 2021, now sitting around 19,000. City leaders expect further decline if more operations close. Property prices have taken a hit, but not everyone is rushing to leave. 'We're at the lowest amount of properties for sale that we've seen since 2013,' real estate agent Kieran Tully said. Smelter future in doubt with 17,000 jobs at risk Attention has now turned to Glencore's copper smelter, Mount Isa's last major employer, and the Townsville refinery it supplies. As the company reviews their future, up to 17,000 jobs across North Queensland could be affected. Mayor Peta Macrae warned Mount Isa's 'economic ecosystem would enter a death spiral' without it. A delegation is in Canberra calling for urgent federal support. 'It's five minutes to midnight,' Townsville Enterprise CEO Claudia Brumme-Smith said. 'We need a deal between the government, the state government and Glencore — right now.' 'Towns and cities are really facing peril if we don't save this,' Katter's Australia Party Leader and Traeger MP Robbie Katter said. Mount Isa turns to tourism and tech The city is now eyeing a shift toward tourism, agriculture and technology. 'While one chapter is certainly drawing to a close, our future is still very healthy,' Councillor Dan Ballard said. 'We are optimistic,' Renee Johnstone from Bambino Espresso said. 'I've seen this sort of thing before in the town. It's out of our control, so we just have to stay positive.' There are concerns fewer residents could mean reduced demand for essential services like health and education. But Queensland Education Minister John-Paul Langbroek assured 'there'll be no reduction and no intended reduction of funding.' 'This is not about a company or politics,' Glencore employee Cameron Gibson said. 'It's about saving a community. It's about saving rural and remote Australia.'

Tech firm Atlassian axes 150 staff over video, says they won't be replaced by AI
Tech firm Atlassian axes 150 staff over video, says they won't be replaced by AI

Herald Sun

time4 hours ago

  • Herald Sun

Tech firm Atlassian axes 150 staff over video, says they won't be replaced by AI

Aussie tech firm Atlassian has come under fire for axing 150 staff while shelling out tens of millions of dollars on its F1 title sponsorship. Billionaire CEO and founder Mike Cannon-Brookes appeared in a pre-recorded video to staff, announcing 150 of them – including 44 in Australia – would be losing their jobs. Cannon-Brookes appeared dressed in a hoodie and speaking from his home office in the video - which was titled 'Restructuring the CSS Team: A Difficult Decision for Our Future' - in an address some staff felt was 'frank and cold'. Reports from staff claimed termination emails arrived for the unlucky staff 15 minutes later, as their laptops were blocked from company systems. The cuts are understood to be to customer service roles, with Atlassian claiming improvements to its systems meant there would be fewer complaints to deal with. A statement from the Sydney-based tech firm said the 'roles are not being replaced by AI'. 'We made this decision after implementing improvements to the customer experience across our platform and tools, resulting in a significant reduction in support needs,' the statement said. 'While we're proud of this momentum, it leaves us with more capacity than needed to deliver strong customer support. 'These improvements include reducing the time spent on support tickets with more efficient ways to route work to the right experts who can resolve issues more quickly, better identification and resolution of error codes and more.' Atlassian said sacked staff would receive 'a generous severance package, healthcare benefits for them and their families, six months access to our EAP and mental health services, visa support if needed, internal mobility and outplacement services'. The video came hours after co-founder Scott Farquhar was praising the benefits of AI during a National Press Club of Australia address. 'The scale of the opportunity and risks of missing out demand a new kind of partnership – one that moves at the speed of technology, not at the speed of bureaucracy,' he said. When asked about the job cuts, Mr Farquhar said there 'will be jobs changes' as a result of AI but 'if, as a nation we want to stick and have the jobs of the past, that is not a good plan for us'. 'In these times, or any time, we should be helping our employees to make the transition at a company level but also at a national level,' he said. 'Particularly in Australia, I feel very privileged and blessed that we live in a nation that has a very strong social safety net and very strong skill training and opportunities for our people to re-skill into new areas.' The news of the axings was met online with contempt from tech workers, who lambasted the move as 'out of touch', with others criticising Mr Cannon-Brookes for buying a private jet. 'Using AI for business support is kinda stupid, one lost customer could cost way more,' said one disgruntled user. 'The billions they make personally means they could just absorb those 150 heads easily without them even putting a bump on their bottom line,' said another. 'If you have the cash to sponsor an F1 team and then sack people you're an asshole.' The company has not revealed what it paid for its 10-year stake in UK-based Atlassian Williams Racing, but marketing experts say a title sponsorship generally costs upwards of $90m a year. The deal means Atlassian's logo has been splashed on the FW47 race cars being driven by Alex Albon and Carlos Sainz, meaning it will be seen by a television audience of more than 1.55 billion viewers, plus billions more online. Atlassian has been contacted for comment. Shares in Atlassian, which is listed on the US-based Nasdaq, dipped 1.44 per cent after news of the job cuts broke, trading at $197.19 on Thursday, down from $200.05 on the previous day's market close. Despite the cuts, the company was still advertising 345 open positions globally on Thursday morning. It employs more than 13,000 people worldwide. Atlassian is scheduled to release its full-year results next Thursday. The company is currently building a new Australian headquarters near Sydney's Central Station, which it will house the bulk of its local staff. Other staff work remotely across Australia. Originally published as Atlassian savaged for 'frank and cold' video sacking as company spends millions on F1 sponsorship

ASX200: Major miners slump on worst half year result since 2020
ASX200: Major miners slump on worst half year result since 2020

News.com.au

time5 hours ago

  • News.com.au

ASX200: Major miners slump on worst half year result since 2020

Weaker than expected earnings from Rio Tinto, troubles travelling to the US and tariffs starting to impact listed businesses, all dragged on the ASX during Thursday's trading. On a mixed day on the market, the benchmark ASX 200 on Thursday fell 13.60 points or 0.16 per cent to close the month of July at 8,742.80. The broader All Ordinaries also slipped down 16.40 points or 0.18 per cent to 8,999.00. Australia's dollar traded 0.26 per cent higher to 64.63 US cents. While the overall market dropped, eight of the 11 sectors traded higher, with gains out of the information technology and consumer discretionary sectors offset by the major miners slumping. The falls followed Rio Tinto announcing its earnings update after trading on Wednesday, informing the market that first half profits came in at their lowest point since 2020, on the back of falling iron ore prices. BHP fell 2.41 per cent to $39.25, Rio Tinto slumped 3.55 per cent to $111.70 and Fortescue slipped 2.31 per cent to $17.77. IG market analyst Tony Sycamore said even with Thursday's wobbles, July's reputation of being a good month for Australian investors continued in 2025. 'As it enters the home straight, it is poised for a 2.35 per cent gain for the month and on track for a fourth straight month of gains made more memorable by its 1580 points (22 per cent) rally from its early April 7169.2 low,' he wrote in an investment note. Consumer discretionary shares jumped after 11.30am after a surprising bounce in retail sales. Shares in JB Hi-Fi were up 1.30 per cent to 411.70, Harvey Norman gained 1.05 per cent to $5.80 and Lovisa Holdings jumped 2.15 per cent to $34.14 on the retail figures. According to the ABS retail sales gained 1.2 per cent for the month of June, its biggest lift since the end of the Covid lockdowns. AMP economist My Bui said June's retail strength, which came off the back of end of financial year sales and the release of the Nintendo Switch 2, might not be a sign of a strong economy. 'In addition, the strong June result has benefited from one-off releases and promotions, which is not necessarily a sign of strength,' she said. Overall though, Australia's market was unable to follow a jump on Wall Street, with the S & P 500 futures up more than 1 per cent on the back of major tech companies beating expectations. Microsoft futures are up 8 per cent and Meta surged 11 per cent as the two tech giants smashed quarterly earnings forecasts. In company news, shares in Flight Centre slumped 7.3 per cent to $11.94 after the business missed its guidance. The travel group said a combination of Middle East tensions, additional costs out of Asia and difficult travel conditions in the US added to the unexpected result. Champion Iron slumped 13.12 per cent to $4.17 after brokers downgraded the miner following a weaker-than expected trading update on Wednesday. Luxury retailer Cettire shares plunged 23.5 per cent to $0.26 after the business said it was accessing the impacts of US President Donald Trump's tariffs on the business. Shipments to the United States represent approximately 40 per cent of Cettire's gross revenue.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store