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More Buyers Using Virtual Inspections

More Buyers Using Virtual Inspections The number of potential property buyers viewing listings via virtual inspections has hit as high as 43% in some markets.

Property inspection platform Little Hinges analysed 300,000 virtual inspections and released the findings in its Sight Unseen Report, which shows interstate buyers are turning more to online viewings.

It found 43% of inspections on the Gold Coast were done virtually by potential buyers from outside of Queensland, with 9% from potential overseas buyers.

Little Hinges chief executive Josh Callaghan says about a third of buyers looking at Queensland properties did so virtually.

The report found an average of 33% of buyers virtually inspecting properties in Brisbane and on the Sunshine Coast are from interstate, with the majority of them based in Sydney or Melbourne.

“The percentage of interstate inspections has remained consistent since January, showing that the trend of buyers shopping outside their home state is here to stay,” Callaghan says.

He says real estate agents who are able to tap into the “sight unseen” market will be able to leverage the influx of Sydney and Melbourne buyers to achieve much higher prices.

In Sydney and Melbourne, virtual inspections by interstate buyers accounted for 13.9% and 15.4% of inspections.


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