Recently Rented Properties

Discussion in 'Property Market Economics' started by Peace2all, 5th Jun, 2020.

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  1. Peace2all

    Peace2all Active Member

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    Hi PC Members,
    Where do I find information and data around recently rented properties? Real Estate gives info only about recently sold properties. I would like to find out about the rental market in different areas. Pls advise.
    Thank you.
     
    Peace2all, 5th Jun, 2020
    #1
  2. wylie

    wylie Moderator Staff Member

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    I use this site and on the drop down menu "more" you'll find rent prices. Depending on what I'm looking for I'll change the order from "highest to lowest" or "most recent" and if you drill down further you can use the street name in the "address keyword" box on the right hand side of the page if you are looking for a particular street.

    In that same filtering box you can put in property type, number of bedrooms, price range etc.

    Search for Real Estate and Property Sold Price - Ksou House - KsouHome.Com
     
    wylie, 6th Jun, 2020
    #2
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  3. Peace2all

    Peace2all Active Member

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    Thank you. Very useful.
     
    Peace2all, 6th Jun, 2020
    #3
  4. The lucky duck

    The lucky duck Well-Known Member

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    Hi

    I checked and the one we own is over quoted by $50 per week in rent. We didn’t get our price with covid. Maybe it holds generally.
     
    The lucky duck, 6th Jun, 2020
    #4
  5. wylie

    wylie Moderator Staff Member

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    Do you mean the website states that you got $50 a week more rent than you are actually getting?
     
    wylie, 6th Jun, 2020
    #5
  6. The lucky duck

    The lucky duck Well-Known Member

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    Yes. It says $500 and we are receiving $450
     
    The lucky duck, 7th Jun, 2020
    #6
  7. wylie

    wylie Moderator Staff Member

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    Did you have it advertised at $500 and accept $450 to get a tenant. I'm guessing they must collect the data from re.com and similar sites, so a negotiated reduction would not show up if the asking price was not changed on the usual sites?
     
    wylie, 7th Jun, 2020
    #7
  8. wylie

    wylie Moderator Staff Member

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    I've just checked our properties and one that was rented early this year isn't even showing, though it was advertised on re.com. The previous year rental price is showing though.

    The others are correct but we did rent them for the asking price.

    One of our IPs shows that we paid $190k and we paid $156k and it also shows the wrong photo for the property.

    I guess these sites gather information from the listing sites and someone has to input details (certainly 20 years ago when the one was input into the system that shows wrong price and wrong photo). These days I guess it might be captured without someone physically doing the data entry?
     
    wylie, 7th Jun, 2020
    #8
  9. craigc

    craigc Well-Known Member

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    I’m pretty sure I’ve heard (confident statement there!) that Ksou is a scraping site that picks up info from the various websites and records it.

    I have used it before but as reported to be based out of China is blocked from work computers. Not sure how this is confirmed or just noted somewhere as a high risk site?
    I just use it on personal devices instead.

    Another site which still records lots of data is onthehouse but they were purchased by REA group and not as useful now but still sometimes shows sold prices not listed elsewhere.
     
    craigc, 10th Jun, 2020
    #9
  10. wylie

    wylie Moderator Staff Member

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    @craigc are you saying looking at Ksou on a computer puts me at some type of risk? That's worrying. I use it a lot.

    I'll just add that RPData itself has the wrong photo and purchase price of our property.
     
    wylie, 10th Jun, 2020
    #10
  11. craigc

    craigc Well-Known Member

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    Hi Wylie - I’m not an IT person by any stretch, so checked with our IT team.
    Apparently categories are blocked with zscaler depending on classification until people report back - almost like crowd response “that no it’s not a gambling / other inappropriate site” and then the block / classification is amended to “ok”.
    Apparently that was the case with ksou as now can access it.
    Apologies for my very rough explanation as again - not an IT person. I learnt something new today as well.
    Cheers
     
    craigc, 10th Jun, 2020
    #11
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  12. C-mac

    C-mac Well-Known Member

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    Ksou is very much a scraping + aggregating site. Which is wonderful because it helps bring lots of disparate sites' data into one place. Nothing wrong with that per se, but of course quality of data on Ksou will merely be as good as whatever is on the other sites it scrapes from.

    I used to love Ksou for their school rankings data to infer on school catchment areas. And not just in AU but in the US too. Being a Chinese run site, Ksou has a lot of school ranking data it scrapes and pulls in, as school catchment zones is often an area of focus for Chinese buyers.
     
    C-mac, 11th Jun, 2020
    #12
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