zeallousMember@zeallousJoin Date: 2003Post Count: 5
I have a list of suburbs I want to research with. Is searching the council information, sufficient? To me, I don’t think so. But, where else do you guys go and search?
Try some of the links at this page…
Mortgage AdviserlonnieMember@lonnieJoin Date: 2005Post Count: 15
I have found that the logon to the State Government and Local Government web pages can be a good place to start.TigerlillyMember@tigerlillyJoin Date: 2004Post Count: 8
I think you will find that PRD get the information from RP Data.
RP Data has a reputation for being about 3 months behind the times. The best research is done by following the auction clearances in the newspaper and the for sale advertisements.
Mortgage AdviserBattleshipsParticipant@battleshipsJoin Date: 2003Post Count: 63
You can also get auction clearance rates emailed to you free from places like Home Price Guide Newsletter http://www.homepriceguide.com.au
Subscribing to local newspapers can give you some insight
In QLD the dept local govt and planning has some good info but I’m not sure if there is an equivalent in other states.
Australian Bureau of statistics site http://WWW.abs.gov.au is a bit hard to find tthings in but can be useful. If you are very serious and prepared to pay- ABS will do some research for you eg I was quoted about $300 for a full 20 year population projection on a town I was considering.redwingParticipant@redwingJoin Date: 2003Post Count: 2,733
REI for your state and the Valuer Generals Office
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorHallwayMember@hallwayJoin Date: 2003Post Count: 6plpropertyMember@plpropertyJoin Date: 2005Post Count: 50
If you are buying in South East Queensland we have compiled a list of resources available here:
Pacific Lifestyle Property
comments made are general information only. you should seek professional advice for your particular circumstances.
More links here…
The Mortgage Adviser
DazzlingMember@dazzlingJoin Date: 2005Post Count: 1,150
Talk about find the jackpot and be absolutely inundated with great links and advice about where to search for data.
I’m surprised out of all the responses no-one has yet suggested the good old fashioned “off-line” way.
I believe you can’t beat going for a drive, or even a ride on your pushy with a pen and paper. Can you tell I don’t buy interstate ??
“No point having a cake if you can’t eat it.”CyberMicahMember@cybermicahJoin Date: 2005Post Count: 6Don NicolussiParticipant@donJoin Date: 2005Post Count: 1,086
Just to add to the other good posts. Once you have done all your web and phone based DD you can not underestimate the value of visiting the suburb that you want to buy in. Talk to the people that live there. Get the local paper sent to you and read it cover to cover.
Go to some garage sales in the area. Find out how many people are leaving town and why. Are established families leaving or is it just young singles or couples that have split etc.
Drop into the local police station and ask to station guy “would you buy a house in xyz street… if not why not.”
You will get a very straight answer.
Visit the suburb at night. If you think the area may be of concern. Don’t go before 11am for your suburb inspection. Anyone or thing that may be a problem will still be in bed. Try about 3pm.
Ask local businesses what is going on in the area. How many new businesses a starting. Or even better are there established businesses that are expanding and building new premises.
Become a local one way or another. Could you have a conversation with a local about the area you invest in and have them think you have lived there? When you are confident you could then your DD process is well underway!
CheersLuciMember@luciJoin Date: 2005Post Count: 114
A google search can turn up all kinds of things you never expected, both good and bad.
One thing I’ve found (usually through google) is if there is a business/development related site for the area. This is mostly for outside the state capitals, where smaller cities or areas are trying to attract business.
Depending on which suburb, there may be a tourism related site that can give you a little info. Obviously this will be biased towards a good image, and mostly talking about beautiful beaches etc, but sometimes there are a few good figures you haven’t seen elsewhere.
You can also try searching this forum for the suburb, and see what previous people have had to say about it.Don’t go before 11am for your suburb inspection. Anyone or thing that may be a problem will still be in bed.
I remember the most disturbing Auction, taking place at the residence at midday, with a problem neighbour. Auctioneers are well known for having their voice carry, and within a couple minutes an irrate voice could be heard “Shut the f#%* up!”. A guy emerged on the balcony opposite the house and proceeded to shout at the auctioneer and crowd, yelling threats to try and make the auctioneer stop. The auctioneer continued with the auction, as is his job, and the man stormed out of the house, over to the auctioneer and threw a glass of water over him! I seriously thought he was going to get violent, but perhaps the large crowd put him off doing anything more than yelling viscious and rude threats.
Not a neighbour many people would want.Roberthb2001Participant@roberthb2001Join Date: 2003Post Count: 24
Would also suggest reading the local press and visiting any community groups (most councils have contact details on their websites or through their offices). That way you can find out information that may not be available through other souces.
One area you might consider is the Burnett and Bundaberg region. I moved here about a month ago and the amount of land earmarked for development is astonishing.
Also support what the others have been saying – put simply do your reserach.
Robert H Bromwich
Moore Park Beach QLD
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