Episode 6 | Learn how to sort through property data and choose what's important | Kent Lardner, JLL Australia

Don't believe the hype! What property statistics can you rely on?

Kent Lardner is a “geek with a personality” and he discusses different types of property data and explains what’s important. Knowing a little bit can be dangerous, largely because of the inconsistencies & nuances of data, of which most of us know nothing. In our chat we cover:

• The trouble with median sales data

• What information you need to look at beyond sales data

• How agent bias can affect vendor price expectations

• What goes into an AVM (automated valuation model), when they are used and why automated estimates vary so much from actual sales prices in Australia

• Technological advances that might soon mean machines replace property valuers & real estate agents

• Short term and long term indicators that predict capital growth

• When and how to seek out local knowledge

• Tips for making an objective assessment of property value so you can work out what to pay

• How to use search engines to uncover more properties with potential

If you want to make better property decisions, this episode is a must-listen-to!

Links:

JLL Australia | latest research
http://www.jll.com.au/australia/en-au

SEIFA scores
http://www.abs.gov.au/ausstats/abs@.nsf/Lookup/by%20Subject/2033.0.55.001~2016~Main%20Features~SOCIO-ECONOMIC%20INDEXES%20FOR%20AREAS%20(SEIFA)%202016~1

Zillow Zestimate
https://www.zillow.com/zestimate/

House Canary
https://www.housecanary.com/

Will robots take my job?
https://willrobotstakemyjob.com/