Brighter Buying

Sydney buyers blindly mixing with thieves in Brisbane trouble spots

by Kate Watt, Marketing Manager 2 March 2016

Sydney investors are buying up big on Brisbane’s south side, without having ever laid eyes on their chosen properties – and they are buying into suburbs targeted by thieves.

“The Logan City suburbs of Woodridge, Eagleby, and Slacks Creek – all 25 minutes south of Brisbane – are now very popular with Sydney property buyers,” The Daily Mail reports.

“But these suburbs also all featured in Queensland Police’s top suburbs for unlawful entry with intent in 2014-15.”

So, would you buy blind?

You might be a little sceptical of relying solely on internet pictures if you read our story last week on the mysterious case of the disappearing water tower.

But many investors swear that buying sight unseen is a good strategy. Amongst them is well-regarded investor and founder of Destiny property group, Margaret Lomas.

As you’ll read in her books, and in this interview with Australia Property Investor, Lomas says viewing a property inevitably evokes an emotional response, which can make you careless with research.

The moral of this story? If you’re an investor, buy with the head, not the heart and complete all due diligence before signing on the dotted line. If you can’t or won’t view a property before purchase make sure you seek the advice of a trusted local agent who can tell you what the internet pictures don’t show you.

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