When you click on the suburb profile within realestate.com.au, it gives you this "Supply and Demand in XYZ suburb."
So there is a bit of a spiel about how it is calculated. I've included this as a link so you can go directly there:
http://www.realestate.com.au/neighbourhoods/craigieburn-3064-vic
It is a lagging indicator over the past 12 months, but I guess you could track it over a few months and see which direction it's going.
Craigieburn it appears hasn't had strong growth over the past year and this analysis has a low amount of visits, therefore consistent. And I've also been following Montmorency which has 1635 visits and real decent growth over the 12 months. Therefore, the analysis appears to be getting it right.
So does anyone use this information as part of their strategy on picking houses? Just wanting to see if someone uses this as part of their strategy and whether I should incorporate as part of mine...
So there is a bit of a spiel about how it is calculated. I've included this as a link so you can go directly there:
http://www.realestate.com.au/neighbourhoods/craigieburn-3064-vic
It is a lagging indicator over the past 12 months, but I guess you could track it over a few months and see which direction it's going.
Craigieburn it appears hasn't had strong growth over the past year and this analysis has a low amount of visits, therefore consistent. And I've also been following Montmorency which has 1635 visits and real decent growth over the 12 months. Therefore, the analysis appears to be getting it right.
So does anyone use this information as part of their strategy on picking houses? Just wanting to see if someone uses this as part of their strategy and whether I should incorporate as part of mine...