It’s here folks! Sorry it took some time. We thought we’ll organise it a little bit before broadcasting it to the rest of our fellow couchers.
So here’s the recording of the Facebook Live last week! This session is mainly based on the Questions we’ve received from our webinar, Property Hotspots and How To Find Them. Enjoy!
And here’s the list of questions that we’ve answered on the night along with the time stamps (in minutes). Hope it helps!
|Hey guys, LOVE your work! I’m curious why you look for very low stock on market rather than high stock on market.
If you were to go with buying when others a fearful and selling when others are greedy (Buffet strategy), then wouldn’t you try to purchase in a buyers market where stock on market is higher? Or am I interpreting the data wrong?
|When listening to all the experts they talk about buying properties under the median price.
From memory LS talk about Market Price?
|Does the history on location score for the various measures only go back to 2016 Jan?|
|Hey guys, having a sneaky watch during work…shhhhh. Can you please advise what the \”Statistical Reliability\” index is tracking and how this is determined? Thanks|
|Some commentators mention a term called Established Capital Benchmark as an indicator of value of a property vs others in a certain area. Whilst this does not appear to be related to supply & demand, it may be of value to investors looking at a specific property in a suburb. Is ECB a legitimate indicator when looking at a particular suburb, and is there a place for it as a metric for investors?|
|Is there a way to track the Location Score for a suburb over time? So a report based on date range showing variation in LS over time?|
|I’m keen to buy but not sure which is the best State to invest using my SMSF.|
|What websites am I best to monitor to find major infrastructure projects, in construction or proposed? Cheers|
|Do the high location scores (>80) match your professional opinions on where you would recommend to buy? For example, Risdon Vale looks to be a fringe suburb of Hobart?|
|Firstly many thanks for the data and overview and also the pod cast and book I have consumed all material you guys have produced. I guess the difficult part for me personally is finding a place to start when your looking at so many suburbs! I started my research by listing all suburbs within a 25km radius of the city I was interested in. Then included if the suburb had a train line from there I listed the location score of each suburb and the median price of properties, to try to narrow my searches to a handful of suburbs. I maybe suffering from analysis, paralysis, as I\’m still to close out a purchase. Some feedback on location score I\’d love to be able to filter on some of the metrics ie if I want to know what suburbs in Brisbane have the best rental returns only, or best supply ratio etc. I think it will help with filtering or pinpointing suburbs a lot better. P.s not a question just feedback, keep up the great work.|
|On vacancy rates, rapid increases in vacancy (particularly units) makes sense from a supply perspective (new developments). What’s the driver for rapid decreases in vacancy rates (as per the Southbank example)?|
|Is it possible that the creation of this big data analysis system could artificially change the market? As investors shift towards buying or not buying in a certain location based on this information – does that artificially change the locations supply and demand?|
|If I am trying to get in the market for buy and sell strategy then do I still need to look at all of those indicators we have looked? Thank you so much. Love your podcast Ben and Bryce 🙂|
|I’ve been using LS since your launch & I think it\’s fantastic. I was wondering if the you plan to further define the criteria in future, such as the ability to report a location score to include the number of bedrooms, bathrooms etc.|
|If you pick a location with high location score – does that mean that the market is hot and you are potentially paying more as more buyers are interested in that market?
Once a property has been in a hot spot how does that effect the future growth. is the hot spot a temporary boost in appeal?
|I am a little confused, I subscribed to LocationScore after listening to all of the property couch podcasts and reading the Book. However, I am confused. All I have heard via The Property Couch is about more blue chip properties. Yet on location score so many of the Top 250 suburbs are far from being blue chip suburbs. Can you please why there is such a difference?|
|Excellent webinar team. Just wondering if I should stop using the investment property magazine stats – or is this reliable data with maybe a few gaps if you are time poor and can\’t review each stat on interested suburbs? Keep up the great work.|
|Thank you so much for this webinar, it was a great learning tool! You touched on the fact that there are some differing stats on opposing websites, and I have found this to be true in my research too. Personally, do you take an average of those numbers, or are there certain sites you trust more for this information?|
|When you research a suburb that has some of these indicators missing (No results for vacancy rates etc) in their profiles, do you discount this suburbs? or how do you include them into your research?|
|Does LocationScore take into account, future town planning/development, and other lifestyle factors in the suburbs to give its suitability score?|
|If a lot of these indicators are good by your estimates, doesn’t it mean that it is not necessarily a good time to buy into that market ie if stock on market is low, vendor discounting is low, OSI is high doesn’t it mean the market is quite hot and it may be prudent to wait?|
|Could a downward trending Vendor Discount metric mean that a selling agent is adjusting the asking price lower over time to reflect a downtrend in recent sale prices?|
|Based on your examples, does location score include all States and Territories, as you only showed the East coast or areas down South and South WA|
|Is the research similar to other prediction reports ?|
|Is there a real difference between fair market price and fair market value?|
|Can you see what the weekly sales rate of non auction property
|Crosssing Investment Loans is generally a no-no, would you consider it for cash-flow properties in order to save on LMI (particularly when capital growth is not on the cards)?
|You have negative gearing, and foreign investment trying to off shore their monies against potential political change. The 101 fundamentals of economics and markets, say equity markets doesn’t apply to property in most cases. People generally feel safer with tangible assets.|
|Hey guys, love the show. Would love to know your thoughts on investing in north west Melbourne at the moment (Sunbury, Diggers Rest, Gisborne area).
Prices appear to be growing quite fast and there is lots of new infrastructure however, there are a lot of brand new estates.
|Hi guys, if you had the option of buying a small one bedroom unit in an area close to city, (Randwick) or a 3 bedroom home further away (Gosford) what would you pick for a first home buyer ?|
|As technology increases and people have the opportunity to work from home. (I am a property valuer employed by an office in Brisbane though I work from home on the Sunny Coast), do you think there will be a shift to lifestyle locations and therefore values will take over the cities. eg the coastal areas within 2-3 hours of a city.|
|As Buyers Agents, for a relatively conservative investor (plus young) is their a rule of thumb where you would say ok LVR is now ..% and we are happy for them to go and buy the next one.
Keen on capital growth plays at this stage, rather than yield.
|Opinions of buying an IP and building a granny flat in the back to increase cash flow?
(getting rent from the home and granny flat)
|Hi guys! you are awesome, thanks for your insights.
When targeting auctions, how do you ensure that the value the bank will give to the house is close to the price you could pay for it?
|Hi Guys! Thanks so much for all your great work. I look forward to your podcast every week! I purchased my first investment property 18 months ago and have had a really bad experience with my tenant.
What are your tips for getting past the bad mindset this can cause?