New research has revealed one in nine Australians are prepared to buy a property without doing a physical inspection of it. As COVID lockdowns continue, real estate agents report many buyers inspect properties virtually and make offers based on that.

With border closures and stay at home orders preventing buyers from doing a walk through, many are still able to organise for building and pest inspections to be done to help reassure them about what they were buying.

The survey by Canstar found Australians are less likely to buy a car, pet or even rent a property without having seen it in person first.

Pent up demand for properties is leading to increased prices and strong auction clearance rates, despite lockdowns and restrictions. Sydney has consistently recorded auction clearance rates around 80% in recent weeks, compared with around 50% at the same time last year.

According to SQM Research, up to 90% of those sales are being finalised before the property can even make it to auction day.