Knowing where to start when it comes to researching and buying a property can be a little daunting. That’s why we’ve compiled all the best free places that you can go to get information on market prices, trends and more to give you that competitive edge.
It’s worth noting that some of this data requires expert analysis and that’s why we always recommend working with a buyer’s agent (also known as a buyer’s advocate) as they’ll be across the latest trends and be able to properly assess all the factors influencing the desirability of a property.
Or become a buyer’s agent and transform yourself into a property expert. You’ll love it!
Understanding the Market
Here are some sites that you can use to get some broader data and insights into the overall nature of the market.
Australian Bureau of Statistics
The Australian Bureau of Statistics (ABS) provides a wealth of historical and statistical data that can be used to gain insights into changing demographics and key market trends
CoreLogic is a great place to start when looking into buying a residential or commercial property. Here you’ll find expert reports and commentary to help with making more informed decisions.
Used both by agents and consumers, CoreLogic offers a large array of free and paid reports to help with understanding the market at a macro level as well individual property information.
Royal Bank of Australia
SQM Research provides research and data which is useful to investors when making purchasing decisions. It includes free reports which encompasses everything from auction results to rental yields.
There’s also the option to access premium solutions which include a property explorer, Boom & Bust report and more.
Speak to an Expert
If you’re not well versed in what some of these indicators mean, get in touch or seek out your local buyer’s agent for some expert opinion to give you more context and an interpretation on what these figures mean.
Choosing the Right Suburb
Not sure which area you should start to look for your home or investment property in?
Doing some research into a couple of key suburbs that are on your radar is highly recommended as this a good way to see what growth potential is in store. Plus, you may come across an area that you were previously not aware of.
Use the handy suburb analyser that DSDR Data offers to look at a numerical rating for your prospective suburbs. You’ll also find info on the nature of supply and demand in suburbs and other familiar statistics like auction clearance rates and days on market.
There are also a number of other useful tools available.
Have a burning question about a suburb or want to see what others think about the area they live in? Homely offers extensive user generated feedback that you can interact with.
Whether it’s a suburb review or a question in their forum, you’ll likely get the insider view.
Microburbs offers information on the suburb of your prospective property that the listing most likely does not include. Get access to information on neighbourhood demographics, local schools, cafes, commute times and more.
This can make a real difference, particularly, if you’ll be living in the property. For example, if you rely on public transport, you want to make sure that it’s readily available and that there’s local amenities in close proximity to the property.
Use Tudi to find the right suburbs with both an opportunity for growth and healthy a healthy rental return. It can also help you identify when it might be the best time to buy and sell. They offer both free and paid plans.
Searching for Property
There are a wide range of sites that you can use to start searching for property in Australia.
Start with these major players. A handy tip is to set up tailored alerts for each and you can also download their mobile applications for simplified use.
Realestate.com.au is the biggest property site in Australia. Here you’ll find most property listings with lots of nifty filters to narrow down the type of property you’re after.
Check out their free blogs for interesting news and content and you also get access to lots of free property data which comes from 3rd party suppliers .
Not far behind as the major source for property listings and information in Australia is Domain. Domain offers a sophisticated interface with plenty of listings and news for you to dive into.
Finding the Right Buyer’s Agent
You’re not going to find everything you need online. Whether it’s a property that’s just not listed or you simply just don’t have the time to be regularly trawling a heap of sites, you can rely on a buyer’s agent to take on the heavy lifting for you.
Use our handy buyer’s agent directory to find a buyer’s agent that meets your requirements.
Got Your Own Suggestions?
There are so many useful resources out there when it comes to property hunting, and these are only a small handful of what’s out there.
Do you have your own that you regularly use and find useful?
Contact us and let us know what is working for you.