SINCE 1997

Latest Real Estate Buyers Agents Association News

Sight unseen purchases rise as FOMO takes hold

Buying a property without looking at it has traditionally been almost unheard of in Australia, but an increasing proportion of buyers are willing to take the risk rather than miss out on their dream home.

Person scrolling through real estate listings on a smartphone
Technology has enhanced buyers' ability to forego and inspection, but it remains a risky strategy. Photo: Shutterstock

Buying a property without looking at it has traditionally been almost unheard of in Australia, but an increasing proportion of buyers are willing to take the risk rather than miss out on their dream home.

A survey by the Real Estate Buyer’s Agents Association and Property Talk Australia showed 30 per cent of respondents said they would take the risk to buy a house without physically inspecting it.

REBAA president Cate Bakos said the heated comp…