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...SHales [330 Posts] rpdata. Download the suburb sales report, cross off the houses that don't match (eg too many bedrooms) and go for a drive to look at the others (or some of them). You really don't know until you've been there. You don't know what the house looks like, or what it is next to, or what the road is like, the rest of the surburb. There just is not substitute for going there and having a look. Say there are three 4 bed 2 bath homes listed in the report, and they seem similar online. Going for a drive reveals that one is a high set fibro across the road from a public housing house which doesn't look good, one is a restored qlder and has a massive $50K shed built in the back yard and one looks like a 10 year old brick family home. Perhaps google earth could be used, but it is not really timely enough for this purpose. You can't beat going for a drive, and in terms of making mistakes with the purchase of RE, going for a drive is normally pretty affordable. All of the statistics on line that you keeping showing us John are useful, but I always have the concern that they are to be used for identifying existing trends, the booms you've missed. Where are, what are the drivers of population growth, what determines where the new people will want to live and how do you identify major projects which have the potential to change a local economy before they hit the major news media? Bullmarket [51 Posts] Hi S Hales Re physical inspection of the suburb, street and property is important. However I would conduct alot of due diligence and research before I inspected the property see Due dilgence Some of this research can be conducted online using digital imaging software. Check out the lot shape, size, dimensions etc see Do some sales data analysis before you inspect. If the property is overpriced and the vendor is not willing to negotiate on price there is no point in inspecting the property See
I do have access to other information about drivers of growth but did not want to bombard readers with info. Anyway here is some specific and detailed research information below.
Check out this information which may be useful :
See the full information here Drivers of Property Growth in Australia Depending on the Economist, commentator or individual investor it is debatable what are the most significant drivers of growth, moderately significant or least significant? What do you think is important? Any major or minor projects are approved by State Gov and Local Gov Area (LGA) authorities years in advance. Looking at the big picture readers may want to ask the question? I have an idea Why not select a specific suburb somewhere in Australia and conduct an analysis on this suburb This could be alot of fun for the readers of this forum? Disclaimer - The information herein is not intended as investment, financial, mortgage, legal, taxation, building, development, trust name, trust structure, caveat or any other advice and must not be relied upon as such. It is intended to only inform and illustrate. No reader should act on the basis of any matter contained in this e-mail or website publication, its products or services without first seeking appropriate professional advice that takes into account their own particular circumstances. SHales [330 Posts] johntaps wrote:
What do you think is important? Brevity. Ha ha. John, I think you are an absolute wealth of information sources, and I just don't have time to do these resources justice. I'd love to store all your links away for future reference, but I guess I can always run a search on your username and it will be right here. I really need to do an income tax return and tax planning so I can borrow some money, and this must take precedence at the moment. The tax office has some of my money and I want it back. Damn PAYG Instalment tax S |
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