Data for /m2

Discussion in 'Property Information Resources & Tools' started by Stvn, 22nd May, 2019.

Join Australia's most dynamic and respected property investment community
Tags:
  1. Stvn

    Stvn Active Member

    Joined:
    22nd Mar, 2019
    Posts:
    31
    Location:
    Sydney
    Hi all,

    Apologies if this question has already been asked (and please point me to the thread) - where can I find a list of suburb average /m2 land costs? eg if I am thinking about making an offer on a property & want to use the average /m2 land value for that suburb as leverage? Or the suburb vs suburb average /m2 land value to identify better-value suburbs?

    And question 2 - how many of you use this data to help you assess the value of a property/suburb & how do you use the data?
     
    Stvn, 22nd May, 2019
    #1
  2. thatbum

    thatbum Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,850
    Location:
    Perth, WA
    I think its completely useless as suburb level data, and mostly useless for specific lot analysis or leverage.

    Its just a very basic number that means very little compared to the full range of factors that should be used to assess a value of a property.

    A very rough indicator at best imo.

    I imagine some people might disagree with me, but I've pretty much never used it on any of my DD.
     
    thatbum, 22nd May, 2019
    #2
    wylie likes this.
  3. Triton

    Triton Well-Known Member

    Joined:
    8th Sep, 2017
    Posts:
    486
    Location:
    Vic
    Agree, only relevant for multi unit development sites that are comparable
     
    Triton, 22nd May, 2019
    #3
  4. The Y-man

    The Y-man Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    13,524
    Location:
    Melbourne
    Used for comparing leases in commercial (office)

    The Y-man
     
    The Y-man, 23rd May, 2019
    #4