Researching property is more than just browsing listings—it’s about understanding the broader market, the suburb, and the specific property you’re considering. In this episode of The Australian Property Podcast, Owen and Amy break it down into three key categories to help you make informed decisions.
1. The Broader Property Market
- Understanding macro trends: capital growth, dwelling types, market strength, and demographics.
- Why this matters for home buyers and investors.
- Key resources: ABS, CoreLogic, Macrobusiness, Profile.id, and financial news.
- Limitations: historical data lag, misleading statistics and market variability.
2. Researching a Suburb
- Prices and growth can vary by street, amenities, and dwelling type.
- Key factors: shops, cafés, schools, transport, demographics, and rental demand.
- How to research: online tools (REA, Domain, Google Maps), spending time in the area, speaking to locals and agents.
3. Researching a Property
- Due diligence: Identifying red flags and understanding the true value.
- Free checks: Property alignment with your brief, past sales, zoning, overlays, developments, title details, and speaking to your broker.
- Next steps: Building inspections, contract reviews, and trade quotes for further assessment.
Tune in to learn how to research property like a pro and make confident decisions in your buying journey
