NSW Accurate Median Price and Yield Figures?

Hi guys,

Just wondering what the best source is for up-to-date figures?

I used to like using Investsmart Suburb Search but for example, it's showing a $250k median price and 0% growth for houses in Eagleby, which certainly doesn't seem right.

I also like the Realestate.com.au Invest tab but this is saying Eagleby (3bdr houses) has had -1.1% growth and the median price is $265k.

If you jump on realestate.com.au, there is a very limited number of houses available for sale at or under this figure, so it seems these numbers are way behind.

Is there a source that has more up-to-date figures (perhaps using RPData data)?

On another note, according to re.com.au, it looks as though Eagleby and Beenleigh had a large decline in value from 2009-2013, whereas if you look at areas like Sinnamon Park and Chermside, it remained stable or had slight growth/decline. I wasn't following the market during this time so was just wondering why there was such vast differences in how these markets were affected in comparison?

Cheers

 

I regularly check a few different sources and have found pretty large discrepancies between all of the data, most of the time.
I find it a little frustrating and in reliable. I trust my own experience and knowledge in a suburb over stats because I often find them to be vastly different to what's occurring on the ground at the time. Sometimes capital growth figures line up reasonably well when I am checking the performance of purchases I have made for clients against what the data says, other times not so much.

 

Great question and I find discrepencies. I use the 'Top Suburb' section of Property Investment Magazine find Australia's best investment suburbs . If I'm comparing suburbs at the same time then if one's out, then they'll all (possibly??) be out by the same amount. I use it as a guide for suburbs to devote more time to. I also use the investor section of Real Estate, Property & Homes For Sale - realestate.com.au but as you say there's a discrepency between the various sites.

@Lisa Parker- Buyers Agent if you're researching an area remotely and don't have prior experience of an area, how would you suggest people doing their suburb research??

 

I think the best you can do is collect all the data from many sources, speak with agents and somewhere it should tell you a picture. If it doesn't, and it's too hard to get a picture of the suburbs performance because the data and agents views are so varied, I personally wouldn't proceed unless I knew the area intimately myself. That's just me, I wouldn't feel comfortable proceeding if things were up in the air for me.

 

The numbers are only as good as the data and the analyst.