Survey Finds What Buyers Don't Want

Posted on 18/08/2019  
Survey Finds What Buyers Don't Want

It’s useful for vendors to know the key factors that deter buyers and comparison website Finder has published a survey which identifies the most common property turn-offs.

Finder surveyed 1,013 Australians about their number one turn-off when looking to purchase a home. 

Asbestos and a suburb's crime rate topped the list, with 64% of Aussies admitting they’d reject a home if it had been built using the potentially harmful material while 64% would avoid buying in a suburb with a high crime rate and 61% would rule out purchasing a "smelly" property. 

More than half (55%) of the respondents would refuse to live near a noisy bar or pub, or in a location with bad parking. 

Living in close proximity to an industrial estate, main road, flight path or brothel also made the list of turn-offs. 

Bessie Hassan, money expert at Finder, said these turn-offs can sometimes shave thousands off the value of a home. And she suggests that represents an opportunity for buyers.

“Buyers can nab a bargain if they’re prepared to think outside the box when coming up with solutions to property bugbears," she says.

"If it’s on a main road, installing high fencing or soundproofing can work wonders. A lack of parking can also be supplemented with a rented garage or parking space.”

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