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As with almost all statistics I was planning to use them in the context of past results to look for trends and general market sentiment. I recognise all the issues you state regarding these statistics Of course, as with any stat, its not the be all and end all, just another indicator to use.
One thing I really like about forums is the ability to ask the silly questions and learn from misguided thought processes so thank you for your guidance.
After a fair bit of searching, the only place i can find bulk statistics is the back of property magazines. Some people advocate looking for statistical trends and indicators and then doing fundamental research on the area and honing in. Where do we start with getting the statistical data (for example, of the greater sydney region)?
Thanks for your replies.
Ok, interesting. I would have thought there would be relatively reliable statistics out there. Do you feel that they are unnecessary in evaluating a location?
Catalyst, I am interested in Auction Clearance Rates to get an appreciation of the market in certain areas, and for different property types. You say there is a lot of other information out there, what exactly are you referring to?
