Having done the typical run around on realestate.com.au and domain.com.au, I have decided that I need better information. However the next venture confused me even more and raised some interesting questions.
I went to http://www.abs.gov.au, wanted to see if I could get some trend style statistics. No doubt the information is there, somewhere, but it is a matter of finding the right product. Then I asked myself, “What do I really want to know?” and more importantly, what is the right information to get to pick the best place to invest. Assuming I want to do buy/hold or wraps.
My Thoughts…
– Should I be chasing places where the population has increased, or where the average household income is higher?
– Should I go where there are more people renting or more people buying there own home?
– Is information from the ABS too old (last census was in 2001!)?
– What other options have been popular with others looking for the right data for investment?Any thoughts people might have would be appreciated.
g’day
i agree – i think you are suffering from statistics overload.
try and keep it simple or you will go mad
look for areas that are
– growing in size (or atleast not contracting)
– that have low vacancy rates
– yields are goodtry api magazine for condensed statistical info pertaining to realestate.
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