I am considering purchasing a years subscription to Residex MarketFacts for Queensland to help with my investment property purchases decisions.
It costs $$$ so I was wondering if I could get some feedback on it from those experienced users :
How do you find the quality of data ?
Ease of use / any difficulties?
General accuracy of Residex predictions over the past few years?Are there any alternatives companies which provide similar kind of information/products/services ?
Thanks
RP data is a valuable source of info,although it’s just one source.
In my opinion it will give you an estimation of where you should be looking but as you know nothing is guaranteed and the information may not cover all you need to know.
Roy H.
L.R.E.A., Dip FS (FP)
Guardian Property Specialists (GPS)
http://www.gpsnetwork.com.auDo you know where I can find data on UCV (unimproved capital value). The only place I know is on a rates notice. Are there any other sources ?
Not sure, although if you call your local council you maybe able to find out.
Roy H.
L.R.E.A., Dip FS (FP)
Guardian Property Specialists (GPS)
http://www.gpsnetwork.com.auHi Lightning,
how did you go – did you end up purchasing ?
I’m in the same boat – wondering how useful other investors find this data.
Any other comments anyone ?
Daniel.
Hi Daniel,
I have also been using Residex data from time to time to choose the areas I’m to focus on. If I could find a couple of good deals as well, I normally go and pay a visit to the place I have chosen. Partly to gain a local knolwedge of the place, and partly to verify the data presented by Residex. And whenever appropriate of course negotiate the deals direct.
I hope this helps.
Cheers,
herman
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