news

Investors encouraged to buy site unseen

While investors are often wary of buying a property they have never visited, two industry experts believe this is the best way to make savvy investment decisions.

Margaret Lomas, TV presenter and adviser from Destiny, warns first-hand experiences at a property might cloud the investor's judgement.

“Investors who learn how to make good choices based on their research have no need to see what they are about to buy,” she said.

“Seeing an area is not a suitable way to decide if the area is right and very often our preconceived ideas can make us reject perfectly good opportunities.”

In her experience, being at a property creates an emotional reaction that may lead to poor investment decisions.

“All viewing a property and/or area can do is make you emotional,” she said.

Ryan Crawford from Crawford Property Group agreed that decisions should be based on investment potential, rather than appearance.

“It’s not always necessary to view a property prior to purchase,” he said.

“An investment purchase should be based on research and return.”

However, he believes investors might benefit from visiting the local area to get a sense of the community.

“Visiting the town at least once will give you an understanding of the region and its dynamics,” he said.

“Nothing beats having your feet on the ground to get a feel for a town.”

Investors encouraged to buy site unseen
SPI logo
Thank you.

Your enquiry has been sent to a local Aussie Mortgage Broker.

We will be in contact with you shortly.
Opps.

error occurred.
Unfortunately Aussie cannot attend to your home loan related enquiry at this stage as you must be a citizen or permanent resident.
Do you need help finding the right loan for your investment?
What Aussie do for you:
  • Give expert mortgage advice to help you find great investment loan deals
  • Help you maximise return by lowering financing costs
  • Save you time and effort by helping with the paperwork
First name
Last name
Location
Mobile Number
Are you an Australian Resident?
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
BLUE BAY 49.18%
2.
PAMBULA 43.5%
3.
BERKELEY VALE 42.74%
4.
POINT PIPER 40.52%
5.
NORTH TURRAMURRA 38.12%