Hi Guys,
Just wondering if anyone could offer any advice when it comes to researching capital growth and rent yield etc. of suburbs/areas. Any recommendations for websites or resources?
Thanks, KristyKristy,
Welcome to the site.
Maybe it’s a good idea to introduce ourselves whether we are on this site to learn or to offer services.
Like you, I am here to learn and hopefully help others along the way. I am an accountant working for big companies but not to individuals. Hence I am also learning the ropes of property investing.Answering your questions:
I think Australian Property Monitor sells information about sold properties by suburb. It includes $, the usual stuffs like land size, building size, number of bedrooms, etc. There are also other companies / organisations selling similar information. Google will give you their websites.For rental, I usually go to Domain.com.au and Realestate.com.au. I am not sure whether there is anybody out there providing rental prices. So I usually determine which suburbs I want and record the rental rates and other information and analyse it myself.
Would be good to know if other people / members can provide tips as well?
Cheers,
CattleyaCattleya
Here to learn the ropes of property investing & share knowledge, not trying to sell anything at all.
Hi Cattleya,
Thanks for the reply!I just wonder how accurate the data is that realestate.com and Domain.com provide, or where they gather this information from?
Do you do any research into predicted capital growth?
Thanks,
KristyHi Kristy,
I used to buy API (Australian Property Investor) magazine monthly (about $10). Toward the back of each issue would be a data section – it would variously show Median value increases over 12 months, or rental value increases, etc. for ALL of Australia.Check out your newsagent and the mag to see if they still do that.
Benny
Not sure if this helps but there’s plenty of links on our website http://passgo.com.au/property-data-websites.html
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Thanks for the advice guys! I will look into them all!
Thanks,
Kristy.-
This reply was modified 9 years, 3 months ago by
kristy.
This is a worthwhile site for property info and the subscription based section provides reasonable desktop valuations. You can subscribe for 1 month or more, so good for property buyers looking for only a short period and not wanting to pay a full RP Data membership.
http://www.propertyvalue.com.au/
Chris White
http://www.pillarproperty.com.auChris White | Pillar Property
http://www.pillarproperty.com.au/
Email Me | Phone MeThe Property Investment Specialists
I have used Real estate investar tool. It’s pretty good research & forecasting tool.
http://www.realestateinvestar.com.au/
I have used their 21 days free trail :)
Kristy,
I am not sure where Realestate / Domain or indeed other websites get their data from. Data Integrity is always the problem even for ABS, their reports usually come with caveats.
But given our investing purposes, does it really need to be 100% accurate? I think not because there are so many factors determining a good price of a particular property for example:
1. the IP itself: location, condition, the potentials, etc
2. the buyer: our emotional feelings towards the property, our investment strategies and our financial ability, etc
3. macro economics: those buying immediately before GFC (I did – but I consider it to be a blessing because mortgage criteria was more relaxed)So I think, we only need to know the rough ‘truth’ of it and the rest is subject to details.
Having said that, remember they say property prices double up every 7 years? I don’t believe in that, but if we hold an investment for long term, the buying errors tend to become more insignificant as the time goes by. the danger usually comes from our own financial circumstances. If the IP is vacant for a long time, so long as we can cover the finances all will be good.
AK – thank you for the input. I will use that tool.
Just my 2 cents
Cattleya
(On this site to learn and exchange ideas with other fellow investors. Not trying to sell anything to anybody, though also not preventing any professionals on here from selling their services. Hence I try to be impartial but always welcome any further clarifications / discussions on the topic. Thanks.)Cattleya
Here to learn the ropes of property investing & share knowledge, not trying to sell anything at all.
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This reply was modified 9 years, 3 months ago by
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