im begging someone to help!
where can i find capital growth figures in suburbs (on the internet) for free..
something like at the back of the API magazine ?
I was listening to an interview/discussion on 702 this afternoon/early evening. Bottom line (although they didn't say it) was forget about the capital growth and trends over the past 10 years it will take a very long time to get back to where we were just 2 years ago. It will pay to revisit growth figures around the great depression to review the time that it took to recover (about 25-30 years) .
what state
vic
ok, sorry cant help you there.
I think that PRD Nationwide have those figures on their site.
Cheers
K
http://www.rpdata.com.au – goes back by 12 months (month by month) and by 10 years (year by year) for most suburbs
Historical growth figures are quite vague. Unless you have some indepth familiarity with an area, the growth figures will be meaningless eg: did they build a new hospital (or can major infrastructure), was there major subdivision/building works undertaken etc? These all have an effect on the average and median prices ie as soon as the influence of the works peters out, then the rate of growth drops.
Scott,
what do you mean by get back to where we were just 2 years ago?
That property is going to be this relatively expensive for many years for example?seano4ever wrote:http://www.rpdata.com.au – goes back by 12 months (month by month) and by 10 years (year by year) for most suburbsnot free as requested .
digger
oopps… slightly wrong address (www.rpdata.com.au) – this is the subscription area
but you can still get the information from this link:
http://www.myrp.com.au//showProductDetail.do?reportTypeId=1&propertyId=
holp this helps
seano4ever wrote:diggeroopps… slightly wrong address (www.rpdata.com.au) – this is the subscription area
but you can still get the information from this link:
http://www.myrp.com.au//showProductDetail.do?reportTypeId=1&propertyId=
holp this helps
You can also access the same information here: http://reports.rpdata.com.au/ (A little easier to remember that's all)
IP Freely wrote:Historical growth figures are quite vague. Unless you have some indepth familiarity with an area, the growth figures will be meaningless eg: did they build a new hospital (or can major infrastructure), was there major subdivision/building works undertaken etc? These all have an effect on the average and median prices ie as soon as the influence of the works peters out, then the rate of growth drops.I agree. But using the median house price report at least gives you an idea of where you can start. I used it a few weeks back to narrow down a few suburbs I would be interested in, and then visited the RE agent to discuss growth trends like you have mentioned.
All information holds value.
You are definately right with Growth figures.
You have to factor in alot more things.they are usually quite general and take months to be shown as what is actually happening in the market
You will certainly notice in the fine print , that the API mag figures are usually about 3 to 4 months out of date so you dont want to base anything on them.I have used home price guide before for previous sale date and prices and they are good,again need to be used in context though
Luke Taylor | Hope Property Investing
http://hopepropertyinvesting.com
Email MeProperty Support,Strategist and Buyers Agent
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