Suburb research is hard. I’m releasing a new course to help you understand what data to collect, how to collect it and how to make sense of it.
Suburb or area research is a big problem that people have when they’re going to invest in property. Because when you’re investing in property, you’re also investing in that particular market and there’s market dynamics at play. Then you really need to do your research before investing because it’s not just the property that you’re looking at, it’s the suburb and the area that you’re looking at, as well.
Hey, I’m Ryan from onproperty.com.au, helping you find positive cash flow properties. Today, I just wanted to let you guys know about my new course that’s coming out on Suburb Research – 7-point Investor Checklist.
This is a video series where I’m going to teach you guys how to do suburb research and I’m also going to provide you with a one-page checklist where you put in 7 points of data. So rather than looking at hundreds of different points of data, I’ve identified 7 key indicating data points for an area that you can research and that you can look at.
And you can actually make sense of, because if you watched the last video that I did on the biggest mistakes people make about suburb research, you’ll understand that people either collect too much data or they collect data that they don’t understand. So I don’t want you to waste time collecting data you don’t understand. I only want you to collect data that you can actually take action on or data that influences your decision.
So we’ve got that one-page checklist with 7 data points in it. Basically, the course will be – it will be a video course. I think it’s about 8 or 9 videos, because we’ve got an introduction and a conclusion video, and we’ll discuss those 7 individual data points. I’ll walk you through them and I’ll walk you through how do you actually find these data points quickly. And then, also, how do you make sense of this data and what does this data mean.
What I’m going to do now is flick over to the video about Suburb Research – The 7-point Investor Checklist. Go ahead and watch that and then I’ll be back at the end to discuss it in more detail.
Do you find it hard to know where to invest? Of all the suburbs, of all the areas across Australia, how do you know the best place for you to invest in? Maybe you found an area that you’re potentially in but you just can’t really work out whether it’s going to be a good area to invest in or not. Maybe you’ve even gone to the effort of getting an RP Data report or a Residex Report or you view some sort of online tool but you don’t know what the data means.
And you don’t know how they got the predictions and what these predictions are telling you about this particular suburb. You just don’t trust it, you’re not confident and you want to understand whether or not a suburb is going to be good or whether it’s not going to be a good place to invest in.
First, let me just say, you’re absolutely not alone. This problem affects, I don’t know, every single investor out there. It is extremely difficult to understand a suburb to the point where you can predict its growth or even to the point of understanding, is this suburb going to provide a steady return or is this a sinking ship that is going to go down and go down drastically, like the Titanic?
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http://onproperty.com.au/311 - View the full transcription and audio version of this episode.
http://onproperty.com.au/free - See real positive cash flow property listings
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