Property data and prediction reports

I would take any prediction reports with a grain of salt, especially the ones selling their services. There are better services RP data, pricefinder etc. Need to pay but you have access to some very important data.

There are services kind of like this but more based on cash flow properties. I’d personally prefer the old search yourself method to make sure you don’t miss a bargain.

Hope this helps.

jimjam wrote:

Hi gurus
I’m keen to know what are the best Property data and prediction reports/tools that investors are using. I’ve reviewed RE.com.au, Residex and Propertyvalue.com.au however are there better tools out there? I’m prepared to pay of course. Ideally I would like to use / develop, a formula / technique to narrow down searching across Aus. Even better would be a tool that crunches all the data (including ABS) and alerts you when something meets your criteria. Perhaps it’s a pipe dream but I thought I would ask.
Cheers
Jim

Gday Jim
A tool like that sounds amazing, but I am not aware that it currently exists. All data is inherently backwards looking not predictive, because everything that is measured already happened. Its up to us to measure what we can and make decisions about the future. Any long term economic predictions are to be taken with a grain of salt and be aware that even economists on huge salaries with masses of data and analysis in front of them still make errors.

In terms of property data its a little easier but the tool landscape is still piecemeal. I use a combination of free and paid tools, I have been using pricefinder for many yrs as a property analysis cma and mapping tool, and I still think its one of the best. I like it so much and got asked by many forum members over the yrs to set up a proper discounted group membership which I have done so if you want cheaper access pm or email me. Other tools all vary in specific strengths and weaknesses and what they actually measure. What kinds of things do you want to measure?