Home seekers who turn to AI for financial advice risk being directed to buy properties in risky suburbs where they could lose hundreds of thousands, a new study claims.

The report by financial services group MCG Quantity Surveyors sought to measure the accuracy of AI-produced outputs on where property investors should buy.

The study concluded that AI often led investors down “rabbit holes no human would go” and gave questionable suggestions of the types of properties investors should be targeting.

It comes amid an explosion in buyer’s agencies offering AI-generated property data. These agencies often draw on AI to develop suburb shortlists of where investors can score better capital growth.

Individual investors were also leaning more on AI, with World Economic Forum data showing two in

See Full Page