Ep 16 - Luke Metcalfe | The truth about what really makes property prices go up or down?
The Elephant In The Room Property Podcast | Inside Australian Real Estate · Chris Bates
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Show Notes
Is it possible to do long term property forecasting?
Have you ever wondered what you should be looking for in a property? Should we look for new infrastructure and/or anticipate the impact of driverless cars, noise cancelling and the changing nature of the workplace? The answers are in the data and Luke Metcalfe opens a fascinating window into what really matters. We discover:
- How machine learning can help us understand the property market and where it falls short.
- The 8 criteria that matter when determining future price growth.
- The importance of liveability and how it impacts land value.
- What else you need to know about train stations.
- Problems with short term data versus long term hold strategies.
- What banks do with renovation data.
- 3D imaging, voice activation, drones & image recognition; what will they mean for the property industry?
- Red herring data and the truth about space and tranquility.
- The ethnic predictors of poor growth.
- The behavioural biases that good data can help us overcome
The future meets the past in this interview. And don’t miss the biggest single factor that affects price growth.
Links:
Social headlines:
Is Sydney becoming a London, a Shanghai or a Miami?
The biggest single factor that affects property price growth
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