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A new research tool launched by buyer\u2019s agency network BuyersBuyers promises to take the guesswork out of suburb selection by using artificial intelligence to match a purchaser\u2019s budget with their best prospects for capital growth.<\/p>\n
A new research tool launched by buyer\u2019s agency network BuyersBuyers promises to take the\u00a0 guesswork out of suburb selection by using artificial intelligence to match a purchaser\u2019s budget with their best prospects for capital growth.<\/p>\n
BuyersBuyers co-founder Pete Wargent said the unique Where to Buy tool provided answers on which location and what sort of property would be the best choice for investors or owner-occupiers under a specific budget.<\/p>\n
\u201cWe\u2019ve created a simple online process that improves the customer journey, and can help buyers to reduce time, cost and stress in their search,\u201d Mr Wargent said.<\/p>\n
The tool, which was developed in collaboration with RiskWise Property Research, assesses metrics including housing supply, median values, 12-month price growth and vacancy rates to determine whether the locations would provide risky or rewarding prospects for investment.<\/p>\n
RiskWise Property Research chief executive Doron Peleg said the new offering would complement a suite of research tools developed in conjunction with BuyersBuyers that were free for subscribers.<\/p>\n
\u201cFor example, for 2022, we ran a list of thirty suburbs which are expected to perform well for investors with a budget of up to around $1 million,\u201d Mr Peleg said.<\/p>\n
\u201cThe list comprises houses in suburbs in Brisbane, Sunshine Coast and Gold Coast in Queensland, as well as regions of Greater Melbourne, Geelong, Bendigo, and Ballarat, in Victoria.<\/p>\n
\u201cThe list also includes a range of suburbs in Sydney, for investors wanting to buy a unit for under $1 million, as well as houses in the regions to the north, west, and south of Sydney.<\/p>\n
\u201cThe beauty of this tool is that buyers can isolate the area that they want, the property type they want, whether it\u2019s a house or a unit.<\/p>\n
\u201cAnd for those with a higher or lower budget, or requiring a higher yield of, say, 4 per cent or higher, the Where to Buy tool can adjust for those criteria and provide a suburb shortlist accordingly. It\u2019s very user-friendly and simple to operate.\u201d<\/p>\n
Mr Wargent said free property market tools such as the Where to Buy report were becoming increasingly crucial for investor success, with prospective buyers becoming increasingly better informed as technology developed.<\/p>\n
\u201cWe also provide, for example, free valuation reports, for those wanting to know the value of a specific property, suburb risk reports by property type, and regional property market and economic analysis for every region across Australia,” he said.<\/p>\n
\u201cThanks to our sophisticated AI and machine learning, we have many other property market tools which we will make available in due course.<\/p>\n
\u201cAt the present time, and in today\u2019s hot housing markets where stock levels are tight, the Where to Buy tool is a key piece of free research which every property investor and homebuyer should have in their toolkit\u201d<\/p>\n