why are BIS shrapnel reports so expensive??

Discussion in 'Property Information Resources & Tools' started by Keanan, 3rd Jul, 2017.

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  1. Keanan

    Keanan Member

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    Jeez, one of them was like, 10 grand.

    What mystical information is held therein? It must be where institutional investors get their market info? I mean, Who's got that kind of dough otherwise?
     
  2. Scott No Mates

    Scott No Mates Well-Known Member

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    You get what you pay for.

    If you solely rely on free articles you might as well be referencing your taxi/uber driver, hairdresser or fish for the next hot-spot.

    BIS is backed by a team of researchers who analyse demographics including census, planning, approvals data to come up with harebrained schemes oooops respected research.

    It is used by institutional, governments and developers to analyse demand taking into consideration how long it takes to acquire major sites, undertake EIS, commit funds and deliver substantial projects.

    If your budget doesn't stretch to that don't sweat, you're not in the same league as those who can. Copies are easily accessed by members of university libraries, specialist centres in major libraries or some professional association libraries.
     
  3. rattler

    rattler Active Member

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    Do you have an example of such a library ?
     
  4. Phase2

    Phase2 Well-Known Member

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    BIS reports are so expensive because they need to fool customers into thinking that they're getting something really great for that amount of $.

    Plus, now they are BIS Oxford, the upgrade from "Shrapnel" (pocket change) means that they can charge even more..
     
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  5. JL1

    JL1 Well-Known Member

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    $10k is pocket change for a professional company working in property forecasting or even development.

    Eg. an international investment firm looking to buy a milti-million dollar site and build apartments. When they go to the bank, they need some weight behind their own forecasting. That means hiring an analyst or consultant to develop a model, which can easily blow into 6 figures. or they can buy a $10k report and then their modelling also carries the BIS name, which banks may view more favorably.

    10k is also a very cheap way to assess if its worth looking into a given market. You can guarantee most overseas developers will be buying this report before going into a full due diligence on Australian investment.
     
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  6. Cactus

    Cactus Well-Known Member

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    Don't worry consider yourself lucky you can't justify the expense, if it was cheaper and you could you'd be wasting your money. All they do is extrapolate continuing trends and reversion to the mean. Ultimately they guess and take a conservative position. Further the latest version is already wrong as they got the vic population data way off.
     
  7. Scott No Mates

    Scott No Mates Well-Known Member

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    Advice from taxis drivers doesn't come cheap - by the time they've heard about it, you've already lost 10%.

    Copies are available in some university libraries eg UWS Narimba Campus in the reference section under lock and key .