Ep 6 - Kent Lardner | Learn how to sort through property data and choose what's important

Learn how to sort through property data and choose what's important

Don't believe the hype! What property statistics can you rely on?

Kent Lardner is a “geek with a personality” and he discusses different types of property data and explains what’s important. Knowing a little bit can be dangerous, largely because of the inconsistencies & nuances of data, of which most of us know nothing. In our chat we cover:

• The trouble with median sales data
• What information you need to look at beyond sales data
• How agent bias can affect vendor price expectations
• What goes into an AVM (automated valuation model), when they are used and why automated estimates vary so much from actual sales prices in Australia
• Technological advances that might soon mean machines replace property valuers & real estate agents
• Short term and long term indicators that predict capital growth
• When and how to seek out local knowledge
• Tips for making an objective assessment of property value so you can work out what to pay
• How to use search engines to uncover more properties with potential

 

If you want to make better property decisions, this episode is a must-listen-to!

 

JLL

http://www.jll.com.au/australia/en-au

 

SEIFA scores

http://www.abs.gov.au/ausstats/abs@.nsf/Lookup/by%20Subject/2033.0.55.001~2016~Main%20Features~SOCIO-ECONOMIC%20INDEXES%20FOR%20AREAS%20(SEIFA)%202016~1

 

Zillow Zestimate

https://www.zillow.com/zestimate/

 

House Canary

https://www.housecanary.com/

 

Will robots take my job?

https://willrobotstakemyjob.com/

Free download - list of property data sources

 

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