More than half of Australians spend less than an hour inspecting a house before they buy it

PHOTO: The ME survey found 92 per cent said it was still worth buying the property despite the problems they discovered. Photo: Melanie Dove.

More than half of Australian homeowners spend more time watching a TV show than they would inspecting the property they buy, according to new research by ME bank.

The survey of 1000 property owners found 58 per cent spent less than 60 minutes checking out the house they then went on to buy and more than a quarter of those people found issues with it after their purchase.

ME head of home loans Patrick Nolan said the results were not surprising because many responded emotionally when it came to making one of the biggest financial decisions of their lifetime.

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