Property turn-offs

These common property turn-offs could reduce the value of your home.

Prospective home buyers have revealed what they definitely aren’t looking for in their property searches.

Asbestos topped the list, with 64% of Australians saying they wouldn’t purchase a home if it had been built using the potentially deadly material.

Nearly two-thirds of Aussies would avoid buying a home in a suburb with a high crime rate, while 61% would rule out purchasing a small property.

Finder Money Expert Bessie Hassan said these turn-offs could shave thousands off the value of a home.

"Buyers can nab a bargain if they're prepared to think outside the box when coming up with solutions to property bugbears, Ms Hassan said.

"There's nothing you can do about living on a main road but installing high fencing or soundproofing can work wonders. 

“A lack of parking can also be supplemented with a rented garage or parking space."

More than half of respondents would refuse to live near a noisy bar, on a flight path or in a property with bad parking.

Despite the potential for savings, Ms Hassan also urged prospective buyers to be realistic.

"Sometimes there's only so much you can do to improve a property – if you can't think of a reasonable way to fix it, then it's best to keep looking,” she said.

"It's a good idea to seek out pre-approval before you start hunting around.

“That way when the perfect house does turn up, you'll be ready."

Top 10 property turn-offs for Australians

  1. House with asbestos in the walls/ceilings.
  2. Above average crime rate of suburb.
  3. Bad smells.
  4. Located near a noisy pub or bar.
  5. No parking.
  6. Located in an industrial area.
  7. Close to a major road or highway.
  8. Being on a flight path.
  9. Located near a brothel.
  10. Lack of natural light.