That we’re missing here in Australia and as we move towards positive credit reporting we’ll start to get a bit more visibility around how much debt is held against a property you can see how leveraged people are absolutely it’s all publicly available or publicly available and you know you can work out equity of that yeah it is very different what a great point or seen go through there and see who sort of over leveraged in a negative equity and try and pick yourself up a bargain.
I guess but this is the power of data that’s the power of data and blending our datasets with other datasets is really where it’s at now big data is that’s what it’s all about is blending datasets from all over the place bring it into one central location and then really start ringing the value out of it hmm what do you guys got coming down www.sydneypropertyvaluations.net.au life or property versus yours doing you update and whether it’s through acquisition or you’re bringing in new data sets into current modeling you always doing something new what was an ex exciting thing coming down life for property investors well.
It’s probably a couple things one would be along the line of our analytics so we’re always building new indices and and and raising the bar in the way we measure property so our hedonic index which is really well known it’s about how we we track housing markets across the capital cities and across standardized regions we’re starting to apply the same methodology down to more granular levels now suburbs postcodes council areas and even customized boundaries so you can start to see well waterfront properties are performing non waterfront properties for example.
What’s happening with properties with with with large slopes on them for example though they generally discounted and if so by how much so really fine-tuning our analytics across different geographies and different housing types some of the tools that investors should should be expecting to use these days very much now come back to spatial tools so mapping applications and overlaying different data sets across a geographical context really important you know you start to see a whole new view of the housing market.
When you start to see what does it look like when you overlay the geography but forget about suburb boundaries or postcode boundaries you can start viewing trends on a map you know in the context of other geographical boundaries like rivers waterways railways school zones for example give you a whole new view on the housing market it’s good that all these informations available right now and it’s just seems to be more of a more coming on but one of the traps that a lot of investors find themselves in is that they just keep researching you know overanalyze right the fact.