Artificial intelligence reveals top 30 investor suburbs

#artificialintelligence 

A new research tool launched by buyer's agency network BuyersBuyers promises to take the guesswork out of suburb selection by using artificial intelligence to match a purchaser's budget with their best prospects for capital growth. 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. "We've created a simple online process that improves the customer journey, and can help buyers to reduce time, cost and stress in their search," Mr Wargent said. 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. 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. "For 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," Mr Peleg said.

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