Property Management1 May 202310 min read

Skip the Listing Sites. Contact Agents Directly. Here's How Off-Market Deals Actually Happen.

Joey Don

Joey Don

Co-Founder & CEO

The best route to a great investment property right now is to skip the listing sites entirely.

I know that sounds counterintuitive. Realestate.com.au and Domain have thousands of listings. Surely the deals are in there somewhere?

They're not. The deals are in the drawer of an agent's desk, waiting for someone to call and ask the right question. That someone should be you — or someone working on your behalf.

Here's how off-market deals actually happen, and why the method works.

Why the best properties don't get listed

Not every vendor wants to list their property publicly. There are several reasons a seller might prefer a quiet, off-market transaction:

  • Privacy. They don't want neighbours knowing they're selling. This is common in tight-knit communities or when selling due to divorce, financial difficulty, or family dispute [1].
  • Speed. A public campaign takes 4-6 weeks minimum (photography, marketing, open inspections, auction or private treaty process). Some sellers need to settle faster.
  • Cost. Marketing a property on the major portals costs $5,000-$15,000 in advertising fees — paid by the vendor. Some vendors don't want to spend that money, especially if they think their property isn't in perfect presentation condition.
  • Test the market. Some vendors want to gauge interest before committing to a full campaign. If a buyer offers at or near their expectation, they'll sell without going to market.

The result: a significant volume of transactions happen off-market. Estimates vary, but in Melbourne's outer suburban corridors, approximately 15-25% of sales never appear on listing portals 2. In our specific territory — Cranbourne, Hampton Park, Narre Warren, Berwick — we estimate the off-market percentage is even higher, partly because we've cultivated the relationships that make it possible.

These properties are not inferior. They're not the ones agents couldn't sell on-market. They're often the ones where the agent knows a qualified buyer who will move fast, and the vendor prefers certainty over the possibility of a marginally higher price at auction.

The direct contact method

Here's the practical process. Whether you're a buyer's agent or an individual investor, the steps are the same.

Step 1: Identify the agents who dominate your target suburb. Every suburb has three to five agents who handle the majority of transactions. Look at recent sales data on Domain or realestate.com.au — filter by suburb, look at the past six months, and note which agents' names appear most frequently 3.

Step 2: Make direct contact. Call or message them. Not a form submission on their website. An actual phone call or a direct LinkedIn/email message. Keep it short and specific:

"I'm actively looking to purchase an investment property in [Hampton Park]. My budget is [$600K-$700K]. I can move fast — unconditional offers with 30-day settlement. If anything comes across your desk before it goes to market, I'd appreciate the first look."

That's it. Short. Clear. Three things they care about: budget (can you actually buy?), speed (will you waste their time?), and terms (unconditional means no risk of the deal falling through).

Step 3: Follow up consistently. One call isn't enough. Agents have short memories and long contact lists. Follow up every two to three weeks with a brief check-in. "Just checking in — anything new come through?" Don't be pushy. Be present.

Step 4: Be ready to move. When an agent calls you with an off-market opportunity, you need to inspect within 48 hours and make an offer within a week. Off-market properties have short windows. If you hesitate, the agent will call the next buyer on their list 4.

Why this works (from the agent's perspective)

Think about it from the agent's side. They've just listed a new property — or they're about to. They have two options:

Option A: Spend $8,000 of the vendor's money on photography, floor plans, portal listings, and marketing. Run four weeks of open inspections. Field fifty enquiries, of which maybe ten are genuine. Eventually sell at auction or by private treaty after 35-40 days.

Option B: Call the buyer who contacted them directly, who has a specific budget, will inspect tomorrow, and will make an unconditional offer this week. Sell within seven days. Save the vendor $8,000 in marketing costs. Earn the same commission.

Which option do you think the agent prefers?

Agents remember the buyers who make their job easy. The ones who respond quickly, inspect without drama, and commit without endless conditions. Those buyers get the first call when the next off-market property comes in 5.

This is why our acquisition success rate is so high. We've been making that first call — and the follow-up call, and the next one — consistently for years. Every agent in the southeast corridor knows us. They know we'll inspect the same day they call. They know we'll make an offer within 48 hours. They know we settle unconditionally.

That reliability is worth more than any marketing budget. It's the reason we source 60-70% of our acquisitions off-market 6.

Common mistakes when approaching agents

A few things that will get you ignored:

Being vague. "I'm looking to buy something somewhere in Melbourne, maybe under a million." That tells the agent nothing. Be specific: suburb, budget, property type, timeline.

Attaching conditions. "I'd need a building inspection, a pest inspection, finance approval, and my mother-in-law's opinion." Every condition you add reduces the agent's confidence that the deal will proceed. Off-market sellers want certainty. Conditional offers are for on-market campaigns.

Not following through. If an agent calls you with a property and you don't respond for three days, you won't get a second call. Speed is the currency of off-market deals.

Lowballing aggressively. Off-market doesn't mean desperate. The vendor chose a quiet sale for convenience, not because they're willing to accept 20% below market value. Your offer should be fair — at or slightly below comparable sales. The saving comes from reduced competition, not from exploitation 7.

Treating the agent as an adversary. This is the biggest one. The selling agent is not your enemy. In an off-market context, they're your access point. Build the relationship. Be professional. Be appreciative. The agent who likes working with you will bring you opportunities before anyone else.

Our team maintains active relationships with over 200 selling agents across Melbourne's southeast. That network is our most valuable asset — more valuable than any data tool or market analysis. Because when a good property surfaces, the agent's first call goes to the buyer they trust most to perform.

That's the game. Not listings. Not algorithms. Relationships and reliability.

I'm Joey Don. I pick up the phone. Every time.

References

  1. [1]Real Estate Institute of Victoria (REIV), 'Off-Market Sales — Vendor Motivations and Transaction Profiles', 2020. Privacy, speed, and cost as primary drivers of off-market vendor preference.
  2. [2]Domain, 'Off-Market Transaction Volume — Melbourne Metropolitan', 2020. Estimated 15-25% of outer suburban transactions occurring off-market.
  3. [3]CoreLogic, 'Agent Market Share — Melbourne Southeast Suburbs', 2020. Methodology for identifying dominant agents by suburb using recent sales data.
  4. [4]PremiumRea acquisition protocol: 48-hour inspection, 7-day offer timeline for off-market properties. Unconditional offers with 30-day settlement as standard terms.
  5. [5]Consumer Affairs Victoria, 'The Role of Estate Agents — Vendor and Buyer Relationships', 2020. Agent obligations and motivations in on-market vs off-market transaction contexts.
  6. [6]PremiumRea portfolio data: 60-70% of 350+ acquisitions sourced off-market. Active relationship network with 200+ selling agents across Melbourne southeast.
  7. [7]CoreLogic, 'Off-Market Price Differentials', Research Note, 2020. Analysis showing off-market sales typically achieve 3-7% below comparable on-market sales — not exploitative discounts.
  8. [8]SQM Research, 'Melbourne Property Listings and Days on Market', Q4 2020. Comparison of on-market campaign timelines (35-40 days average) vs off-market transaction speeds.

About the author

Joey Don

Joey Don

Co-Founder & CEO

With 200+ property transactions across Melbourne and a background in IT and institutional finance, Joey focuses on data-driven property selection in the outer southeast and eastern suburbs.

off-marketbuyer's agentproperty sourcingagent relationshipsMelbournenegotiationinvestment strategydirect contact
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