An overreliance on suburb data can undermine a property investment
Algorithms can shed some light on the broader real estate performance picture but a more hands-on approach is crucial in any property investment decision.
Real estate algorithms are impressive but they invariably lack local nuance. (Image source: Shutterstock.com)
These days, it’s easy to find suburb data and postcode trends
online.Portals offering subscriptions to buyer’s agents and investors can be found easily.
Twenty years ago, investors would rummage through the data within the back pages of their hard copy API magazine, searching for suburbs that were offering high capital growth and/or strong rental yields.
The data may be more comprehensive these days, but it still doesn’t tell the full picture, a…
