The Elephant in the Room
The property podcast for the thinking person.

Episodes

Episode 339: Is Data or Local Insight More Reliable for Property Investments: Suburb Trends June 2024

Ever found yourself torn between relying on hard data or trusting local insights for your property investments? It’s a tough call many investors struggle with, wondering if the numbers can tell the full story or if boots-on-the-ground knowledge is more reliable.

In the Suburb Trends Report for the month of June 2024, we dive into the age-old debate of whether numbers or on-the-ground knowledge holds the key to successful property investments. We weigh the pros and cons of both data and local insights, and explore how the perfect blend of both can give you a real edge in the market.

Kent Lardner joins us once again to help us unpack how these two worlds intersect and why both are essential in today's investment landscape.

If you're curious to see how combining data and local insights can give you a competitive edge, then don’t miss our latest episode. Click play and get ready to take your property investment strategy to the next level. Tune in now!

Episode Highlights:

00:00 - Introduction

01:39 - Analysis of 10 aspects where data might be limited and local insights are necessary

02:57 - Aspect #1: Local market sentiment

08:42 - Aspect #2: Neighbourhood trends

12:50 - Aspect #3: Community events

14:54 - Aspect #4: School reputation changes

18:07 - Aspect #5: Local business openings and closures

20:56 - Aspect #6: Traffic pattern changes

29:29 - Aspect #7: Property condition

38:09 - Aspect #8: Neighbourhood aesthetics

40:20 - Aspect #9: Local government policies or zoning changes

46:12 - Aspect #10: Insider transactions

Resources:

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Chris Bates