Off-market property
A property sold without being publicly advertised on the major portals. It is usually offered quietly through agents, buyer's agents or direct approaches.
- Not listed on realestate.com.au or Domain
- Often sold before or instead of a public campaign
- Less competition, but not automatically better value
How it works
Vendors sometimes want a quiet sale for privacy, speed or to test the price. Selling agents then offer the property to buyers and buyer's agents they know. Some properties are offered pre-market, shortly before a public campaign starts.
The trade-off
Fewer buyers can mean less competition. It also means less price transparency, so comparable sales and independent due diligence matter even more.
73% of the properties Rothmore buys are secured off market. Every one still goes through the same 24-metric assessment as an advertised property.
Common questions
Are off-market properties cheaper?
Not always. Some sell below what a public campaign might achieve, others at full value. The price still needs to be tested against comparable sales.
How do I get access to off-market property?
Mainly through relationships with selling agents. Buyer's agents who buy regularly in a market tend to hear about them first.
Related terms
Sources
General information only. It does not consider your objectives, financial situation or needs, and is not financial, credit, tax or legal advice. Rules change, so check current law and get advice from a licensed professional before acting.