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Following the median methodology is flawed in so many ways for sale price and rental movements. Much better to track individual resales and rents and build data like that from the ground up, compensating for issues such as unimproved resales and the like. This is pretty much known intuitively by a person with a lot of local micro knowledge, though for a larger area over many suburbs or even an entire city you will need someone with serious...

Quote: Originally Posted by Nikolina I have bought both the decemeber issue of API and Your investment property and was wondering does anyone else find the property price guide so conflicting between the two magazines? I did some investigating on another thread for CG of Pymble units in 2009. RP Data has them falling 6.8% APM has them falling 12% PDS Live has them falling 16.9% ABS will be different too. I don't know about Residex but...

Usually do, that's why you don't base investments, or anything for that matter from a third party. Trust your own judgement and what's actually going on.

I have bought both the decemeber issue of API and Your investment property and was wondering does anyone else find the property price guide so conflicting between the two magazines?

caught the opinions of two economists on sydney growth for 2010 ... one said growth by 9%, the other said decline by -7%. BUT sydney is a huge market ... some area may grow by more than 9% and other areas may decline by more than -7%. it is up to you to know your areas, the demand for such and potential value increase.

Residex wins then -1 % I love black box data and have been using it for 10 years. BUT, you cant beat on the ground knowledge...........thats why buyers agents are doing so well, they truly add value to most buying decisions. ta rolf

Christmas has also put things on the back burner. We are also moving into our house in January aswell, so another thing to get sorted out before I do the course. Thinking of actually doing the course Shane mentioned, but it probably won't be until probably mid 2010. Definitely focused on doing the course though!

A website that might be worth having a look at is www.realestatedevelopmentcoach.com He has a Real Estate Development e-book available for about $89, also a Land Subdivision one and a few DVD's and a feasability program. Andell

Excellent story. I enjoy reading about other people's success, can't get enough really.

It is confusing isn't it? Prop is right when he refers to different methodologies- I like Residex and have been referring to their growth figures for over 10 yrs now myself. Residex actually won an international actuarial award for their "Dwelling Price Trading Index" method, which they currently use in their quarterly reports- quite different from the simpler methods used by others to generate data. However every method...