
Ep 6 - Kent Lardner | Learn how to sort through property data and choose what's important
The Elephant In The Room Property Podcast | Inside Australian Real Estate · Chris Bates
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Show Notes
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
Zillow Zestimate
https://www.zillow.com/zestimate/
House Canary
Will robots take my job?
https://willrobotstakemyjob.com/
Free download - list of property data sources
Social
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