hey people,
been googling for hours..
where is the best place to go to for up to date statistics on-
Average demographic age in area
Average income in area
Average Mortgage to income %
Also is there a way to see past stock on market volumes for areas? and also past rental rates?
thankyou for your help
Detailed.
http://home.id.com.au/id-community/public-resourcesLess detailed, easier to navigate.
http://www.myrp.com.au/n/free-suburb-profile-report/myrp-410You can also look in the back of Property magazines, Australian Property magazine, Your Investment Property magazine, etc. for rental rates, stock, etc. I think on their websites too.
thanks NHG found vacancy rates and stock on market at sqmresearch.com.au, will ceck out your links.
I look in the back of property mags, but im looking for stats where I can see graphs to look at trends..
cheers
Thanks for that, I didn't know about that site
how about this, useful?
http://www.yourinvestmentpropertymag.com.au/research/You can look at stats using id.com.au
Learnt about it at – believe it or not – a library information session on finding out about ethnicity or something…
You can compile the data on their site (it's an option) and choose what information you want, over what years, etc, you can export it as an excel and turn it into a graph.
Interesting question is how any demographic info might impact on what is often the main reason for the research, future capital growth? I think some of the drivers of future gain can be reasonably well estimated by looking for relative value and improving areas by:
1) Price differentials: Looking for difference in price between gentrified areas and suburbs next door that are not yet as nice or expensive.
2) Infrastructure builds: Build it and capital growth will come, look for where there are train lines, shopping centres, Bunnings etc going up.
3) Quick online searches: Have a look at how much property sells and rents for, how much stock is available in your search price ranges and suburbs?
4) Walk arounds: Spend a half day walking around your area and talking with shop owners, librarians, the walking history of the suburb out watering their gardens and only too happy to have a chat with someone who will stop and show some interest.
5) YieldsA good source for median rents is the RTA website, some excellent sites linked in this thread as well, thanks!
ok so have finally found rental yields and rental rates in graph form, this sites pretty handy, even has yields for each number of bedrooms per house handy stuff, not sure of the accuracy..
http://www.suburbview.com/view/qld/emerald/4720/rent/report/rent+yields+3+months
You can find what you need on http://www.abs.gov.au
Try the National Regional Profile section.
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