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I am still learning
As an AI chatbot trained on HtAG Analytics data, I’m constantly learning and evolving to provide you with the best possible responses.
I’m eager to transition out of my beta phase and offer you an optimal user experience. Feedback you share brings me one step closer to my full potential. I would really like to hear your thoughts on what else you’d like me to do.
In addition, if you notice any inconsistency in my responses, don’t hesitate to leave a comment below. Your feedback helps me become a better bot!
Embrace the power of your imagination, but remember, our bot’s expertise is focused solely on real estate. Please ensure your queries are property market related, as those are the questions it is equipped to answer.
At this stage Suburb Hunter analyses statistics which consist of 4 parts: Essentials, Fundamentals, Supply, Demand.
Essential metrics are: Typical Price, Median Rent, Indicative Yield.
Fundamental metrics are: IRSAD, Renter to Owner Ratio, Units to Houses Ratio and Affordability Index (Years to own).
Supply metrics are: Stock on Market Percentage (SOM%), Inventory (Months of supply), Residential Building Approvals (BA Ratio), Hold Periods.
Demand metrics are: Days on Market, Vacancy Rate, Buy Search Index, Clearance rates.
Suburb Hunter only provides insights for houses at this stage.
Through our comprehensive testing, we’ve discovered that our algorithm accurately retrieves data when both suburb names and states are inputted. However, when only a suburb name is entered, there’s a potential risk of the results aligning with an incorrect suburb. As a precautionary measure, we advise cross-referencing the retrieved data with suburb statistics provided on our dashboards.
Try refreshing the session using the ‘refresh’ button (top right). We are investigating this issue.
This basic version of the bot does not take into account metric trends. However, we are working on a more advanced version which will take into account metric trends as well as the Relative Composite Score.
The data is updated on a monthly basis, typically on the last day of the month at 23:30 Sydney time.
Our AI is trained on a dataset of approximately 5,000 suburbs and localities with active property markets.
We encourage you to disseminate the insights generated by our bot! However, in the spirit of acknowledgment, please attribute HtAG Analytics Suburb Hunter as the source and include a backlink to our platform. This helps support our work and allows us to continue to provide valuable property market insights.
We welcome your input and encourage you to share your thoughts with us. If you encounter any inconsistencies, glitches, or have features you’d like to see implemented, please inform us using the comment form below. Your feedback is crucial to our continuous improvement.
Here is a sample suburb comparison generated by suburb Hunter AI.
🏖️🏡 Looking for the perfect beachside escape or a suburban haven? Let’s compare Bondi NSW and Smithfield QLD! 🌊🌴
📍 Bondi NSW: This iconic suburb offers a typical price of $3,841,893 for houses, with a median weekly rent of $1,574. The indicative yield is 2.13%, which may not be as attractive for cashflow-centered investors. Bondi boasts an impressive IRSAD score of 1,151 out of 1,217, indicating a high socio-economic status. However, the renter to owner ratio is 56%, suggesting a higher proportion of renters in the area. The units to houses ratio is 77%, which may be a consideration for house investors. The affordability index is 112 years, making it a challenging market for potential buyers.
📍 Smithfield QLD: If you’re after a more affordable option, Smithfield QLD might catch your eye! With a typical price of $613,488, this suburb offers a median weekly rent of $559, resulting in an indicative yield of 4.74%. The IRSAD score is 1,021 out of 1,217, indicating a relatively good socio-economic status. Smithfield has a renter to owner ratio of 32%, making it more favorable for potential buyers. The units to houses ratio is 7%, which is also favorable for house investors. The affordability index is 28 years, suggesting that locals may find it relatively easier to own a property in this area.
📊 In terms of supply and demand, Bondi NSW has a stock on market percentage (SOM%) of 0.06% and an inventory of 0.32 months, indicating a highly competitive market. The building approvals (BA Ratio) is 0.24%, suggesting a lower level of new construction. The average days on market (DOM) is 16, indicating a relatively quick turnover. The vacancy rate is 0.23%, which is low. The buy search index (Buy SI) is 3, indicating moderate interest from buyers.
📊 On the other hand, Smithfield QLD has a SOM% of 0.33% and an inventory of 1.19 months, suggesting a more balanced market. The BA Ratio is 5.15%, indicating a higher level of building approvals. The DOM is 49, suggesting a moderate level of demand. The vacancy rate is 1.58%, which is within the neutral range. The Buy SI is 4, indicating a moderate level of interest from buyers.
🤔 So, which one suits your lifestyle and investment goals better? Bondi NSW offers the allure of the world-famous beach and a high socio-economic status, but with a higher price tag and lower rental yields. Smithfield QLD, on the other hand, provides more affordable options, favorable rental yields, and a balanced market. It’s all about finding the right balance between beachside bliss and investment potential! 🌞💰
Remember, always do your due diligence and consult with professionals before making any property investment decisions. Happy house hunting! 🏠✨