australian suburb
The new AI technology has selected 30 suburbs across Australia. Image – Canva.
  • An artificial intelligence-based tool has been launched for potential property buyers
  • Using the tool can answer where and what to buy for any given budget
  • The tool can be used for both owner-occupier and investor decisions

An artificial intelligence-based tool has been launched for potential property buyers by BuyersBuyers and RiskWise Property Research.

BuyersBuyers co-founder Pete Wargent said, “using sophisticated technology and artificial intelligence we can answer the ultimate question – where and what to buy for any given budget, narrowing down a search area for property buyers based upon their required criteria.”

pete wargent
Pete Wargent of BuyersBuyers. Image – Linkedin.

RiskWise Property Research CEO Doron Peleg said, “The beauty of this tool is that buyers can isolate the area they want, the property they want, whether it’s a house or a unit.

“And for those with a higher or lower budget, or requiring a higher yield of, say, 4% or higher, the Where to Buy tool can adjust for those criteria and provide a suburb shortlist accordingly.”

Mr Peleg said the tool can be used for both owner-occupier and investor decisions.

“We have developed the Where to Buy tool using some of our sophisticated artificial intelligence-based algorithms.

“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. The list comprises houses in suburbs in Brisbane, Sunshine Coast and Gold Coast in Queensland, as well as regions of Greater Melbourne, Geelong, Bendigo, and Ballarat, in Victoria.

Where to Buy tool’s top 30 suburb picks for 2022

2SA4 Region Suburb Postcode Property type Median price 12m price growth
Brisbane North Aspley 4034 House $763,850 25%
Brisbane North Wavell Heights 4012 House $980,221 32%
Brisbane North Brighton 4017 House $726,088 29%
Gold Coast Southport 4215 House $754,191 27%
Gold Coast Robina 4230 House $934,973 26%
Sunshine Coast Tewantin 4565 House $859,968 32%
Sunshine Coast Buderim 4556 House $935,162 29%
Sunshine Coast Maroochydore 4558 House $869,834 25%
Sydney Northern Beaches Dee Why 2099 Unit $1,002,844 18%
Sydney Inner West Leichardt 2040 Unit $988,324 4%
Sydney Inner West Ashfield 2131 Unit $749,536 7%
Sydney Eastern Suburbs Kensington 2033 Unit $996,861 10%
Sydney Eastern Suburbs Kingsford 2032 Unit $937,754 14%
Sydney Inner South Surry Hills 2010 Unit $984,316 10%
Sydney Inner South Marrickville 2204 Unit $839,969 9%
North Sydney/Hornsby Turramurra 2074 Unit $967,720 6%
Sydney Outer SW Mount Annan 2567 House $891,346 22%
Central Coast Bateau Bay 2261 House $907,327 35%
Central Coast Woy Woy 2256 House $888,326 35%
Newcastle/Lake Macq. Charleston 2290 House $745,842 28%
Illawarra Albion Park 2527 House $831,830 32%
Shoalhaven/S. Highlands Ulladulla 2539 House $812,619 34%
Shoalhaven/S. Highlands Moss Vale 2577 House $946,876 34%
Shoalhaven/S. Highlands Mittagong 2575 House $930,793 35%
Melbourne North-West Pascoe Vale 3044 House $1,081,912 14%
Melbourne North-East Reservoir 3072 House $934,598 17%
Melbourne Outer-East Croydon 3136 House $989,509 27%
Geelong Belmont 3216 House $728,734 24%
Bendigo Woodend 3442 House $990,830 27%
Ballarat Daylesford 3460 House $845,813 35%

Source: BuyersBuyers, RiskWise Property Research, 2021

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