Days on Market & Discounting Data Release

Days on Market (DoM) and Discounting are important metrics used by real estate professionals to gauge market demand. Over the last 3 months, our data analysts made good progress integrating additional data sources into our dataset, which enabled us to incorporate these 2 metrics into HtAG reports and dashboards.

Our dev team are now focusing on enabling this feature on the site, targeting an early December deadline. In this post, we are releasing the preliminary Q3 DoM/Discounting report for 3,342 suburbs to the public. The table below summarises these 2 metrics for house, townhouse, unit and land sales in Q3.

Please read till the end to see the top performing market in Australia right now. I also hope you can help me answer the questions in the last paragraph.

Deep Dive into the HtAG Algorithm with The Investor Lab

Did you know that you can outperform other investors by predicting the future of the property market? What if there is a way for you to foresee how it will be doing in the next three or four years? If you are an existing HtAG Subscriber you may already know that as unreal as it sounds, it is possible.

Matt and Sasha had a lot of fun chatting with Goose from the Investor Lab about machine-learning algorithm and how it’s different from AI… What makes the human element essential to this kind of technology… Why there are multiple growth drives that factor in… And lots, lots more!

In this video, we cover:

  1. The origins of Higher than Average Growth [04:49]
  2. The team behind HtAG [09:11]
  3. Using past property market performance data to predict the future [11:41]
  4. Challenges in predicting the property cycle, all variables considered [15:41]
  5. How HtAG measures accuracy [18:15]
  6. AI vs machine-learning algorithms and their roles in property investing [20:09]
  7. The downside of applying technology to property investment [25:21]
  8. The biggest drivers of the growth of an area [30:02]
  9. The future of HtAG [36:16]
  10. Data interpretation still requires a human element [37:45]
  11. The only way to get your answers would be to keep probing [41:15]
  12. To train an algorithm, you have to feed it with a good diet of healthy data [42:40]

Visualising the impact of COVID-19 on the Australian property market

In recent weeks several leading real estate bodies published detailed assessments of the COVID-19 impact on the Australian property market. The consensus is that, although the sales activity has significantly decreased, it is too early to conclude whether the property prices have been impacted. Based on current data, median prices remain steady despite the restrictions imposed on the real estate industry and the general recessional trends in the economy.

In this article, we will take a close look at the latest sales data in major Australian capital cities – Sydney, Melbourne, Brisbane, Adelaide, Perth and Canberra. We will establish the market trends before the spread of the pandemic early in the year and compare them to values reported in March, April and early May. These 3 months signify the introduction and subsequent easing of COVID-19 restrictions throughout the country. Therefore analysis of property market data during this period, will provide us with a valuable insight into the impact of the pandemic on the Australian real estate market…

What are Sydney’s top performing council areas and suburbs?

A decade of economic boom encouraged businesses in the metropolis to expand, hiring staff from outside the city as the local workforce was fully employed, causing the real estate market to experience property shortages and rising prices. Developers, encouraged by house price predictions, invested heavily in new housing projects. However, as the economy cooled, expected median prices became unaffordable. While there is still population growth and demand for housing in the area, the double-digit growth in prices expected by majority of developers have proven to be unsustainable and now prices are falling. However, there is still capital growth available in Greater Sydney for those who can spot the best suburbs to invest…