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Disconnect between magazine numbers/top suburbs and the reality?

Discussion in 'Information Resources & Tools' started by Leo2413, 6th Aug, 2015.

  1. Leo2413

    Leo2413 Well-Known Member Premium Member

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    I was just looking at some of the numbers and highest growth rates in suburbs.. and top 20 suburbs etc in those property magazines, and I was thinking to myself.. its not often I see any of the areas I bought in featured in those numbers or top growth suburbs etc - and yet they have done really well.

    I'm sure others here would have noticed the same?

    Thanks
     
  2. jins13

    jins13 Well-Known Member

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    I tend to find find list of the suburb to be alittle old. For example a particular area avg is 370k when u hop over to real estate com and the last month's sale history or current listing is above 400k.

    I think as property investors we can make our own luck ie buy the worse house on the street and renovate. I have recently renovated a house which was unliveable but is now tenanted out for $380 per week.
     
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  3. psylink

    psylink Active Member

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    If you watch the month-to-month of a suburbs median you will see some crazy results. Even year on year can have a massive swing and does not at all correlate to what the suburb is doing (in a lot of cases)

    The best method is good old fashioned comparable sales.
     
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  4. Gockie

    Gockie I'm an ISTP-A female, so I might be a bit quirky! Premium Member

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    A lot of what you see in the best and worst % change lists are only suburbs with low sales eg. 10-13 sales because a few property sales can skew median figures in a big way. Ignore that data.
     
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  5. Azazel

    Azazel Well-Known Member

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    Some of them seem to be a good deal of time after the fact, spruiking a suburb that is 'on the rise' when the growth has already happened.
     
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  6. Leo2413

    Leo2413 Well-Known Member Premium Member

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    Yeah I agree. I have seen that happen many a time mate.

    btw 93 more posts till 1000!!:eek:
     
  7. Azazel

    Azazel Well-Known Member

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    Really? Hmm, 93... that's an interesting number...
     
  8. Leo2413

    Leo2413 Well-Known Member Premium Member

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    why is that?
     
  9. bob shovel

    bob shovel Well-Known Member

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    Highest growth can be achieved on paper in say a regional area that has a handful of units, then old mate sells 2 of the nicer ones and boom the median that month looks massive compared to the lemons a few months back
     
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  10. bob shovel

    bob shovel Well-Known Member

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    They all do that, they mostly look at data and that points then to suburbs that have already left the station for boom town

    Only some articles they'll look at infrastructure etc and potential growth areas