Data, Data, Data

Hi all, looking for best resource to purchase IP's in QLD.

Happy to pay RPData for their $150 a month subscription which I understand also includes listings.

Should I be looking at any other services for research other than the above ? I see a few websites have popped up recently.

 

Cash is the best resource to have for purchasing IPs.

 

Do you really need a RPData subscription to buy an IP?

There are plenty of free resources, even talking to a broker who has the access to help you through the purchase without needing to incur the cost.

If you're really looking to pay to play finding a BA who is an expert in the specific area you're looking for would be the most efficient spend I would think.

 

Imho how one interprets data and does DD has a lot to do with it too. Two ppl can look at similar data and come to very different conclusions.

I use a variety of sources. Most of this stuff can be found on line and at the back of YIP magazine.


Some of my list:
- looking at last boom period and try to determine (guestimate) where markets are
at in a particular state.

- discount rate increasing/decreasing

- Look over last 10 years CG and changes in median prices in state and chosen suburbs

- Media sentiment

-market sentiment

- ACR increasing/decreasing (more relevant to Syd and Melb)

- SOM low or high, %age changes

- Buying in the majority stock type' dwelling of a suburb.

- Vacancy rates trending for particular suburbs

- %age of owners/renter/mortgage holders in chosen suburb

- ripple suburb potential

-add value potential

-buy BMV potential

- Talking to different players on the ground and discussing with other peers. Very, very important imo. There is only so much numbers can convey.

 

Thanks all. I still feel having access to data is key for investing.

 

Don't get too hung up on data or you'll fall into economist death trap of making no progress.

 

There are groups for RP data that have National access for a lot less than $150/m. Does anything come up on a search here?

Edit: try this thread.

RP Data Group - Full National Access