Census coming, what are the juicy stats?

Discussion in 'Property Information Resources & Tools' started by Keanan, 8th May, 2017.

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  1. Keanan

    Keanan Member

    Joined:
    4th Dec, 2016
    Posts:
    14
    Location:
    Melbourne
    Hi folks,

    With census data coming in June, does anyone have any tried and true census data points that they find very useful regarding selecting where to buy a sub 600k run down fixer upper in the North/West of Melbourne? Sunshine, Ardeer, Albion, Derrimut, Deer Park, St Albans and surrounds. I'll be looking for employment stats, demographics, forecasted growth, infrastructure as well as some other things.

    I would be appreciative of any tips so I can avoid becoming bewildered by all the noise...

    Much obliged,

    Keanan
     
  2. Colin Rice

    Colin Rice Mortgage Broker Business Member

    Joined:
    8th Feb, 2014
    Posts:
    2,063
    Location:
    Perth
    Owner occ v Investment property ratio is something you could also consider for each suburb. More owner occs the better.
     
    Keanan and adam duckworth like this.
  3. househuntn

    househuntn Well-Known Member

    Joined:
    26th Apr, 2016
    Posts:
    160
    Location:
    Melbourne
    Most of the 2016 census data is (are?) out. Are there any starts that are relevant in choosing a suburb to invest in? So far, I've got population growth, change in median rental and household income, unemployment rate change, %OO/renter, and the rates of change compared to national/local. Any stats that might correlate with capital growth/yield? Or any that ring alarm bells? Or is it not very relevant as long as positive growth factors are present ?

    I will probably answer my own question, but obviously the stats don't tell the full story and economic and council decisions are likely more important.
     
  4. Angel

    Angel Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    5,290
    Location:
    Paradise, Brisbane
    The predominant age of residents and what facilities they will want in the future - family homes, low maintenance, lowsets vs highsets etc