Not every suburb is worth buying property in. Sure, sometimes data may suggest otherwise, but those “top 10” lists don’t really tell you everything.

Aside from the market trends and forecasts in the real estate industry, you also have to check crime statistics - no one wants to live in an area where people live in fear!

So, how can you evaluate and analyze data (including crime statistics) so you’ll know which suburbs to avoid?

Today, we have Suburb Trolls’ Kent Lardner & Mike Mortlock for a lighter chat about what impacts property prices. We also talk about identifying the suburbs to avoid just by looking at the news, crime statistics, and real data.

If you enjoy the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at questions@theelephantintheroom.com.au!

See you in the episode!

 

Episode Highlights:
Taking a look at the crime statistics [02:58]
What constitutes a crime? [05:34]
Measuring the underquoting index of a suburb [09:10]
Kent and Mike’s learnings about suburbs, which they didn’t know before [12:05]
Sh*t towns of Australia [14:14]
The bogan-ometer and the bogan factor that’s good for property prices [19:00]
Do buyers avoid housing commission areas (a.k.a. social housing) [26:29] 
Where do the robbers come from? [28:35]
The truth behind well-regarded publications and their “top 10 lists” [32:44]
Will Suburb Trolls keep pushing forward? [36:23]
Suburbs that have both the high & low end of the same data set [42:30] 
Mike’s property dumbo [50:29]

 

Links from the Show:
Sh*t Towns of Australiaby Geoff Rissole and Rick Furphy

 

About Mike & Kent:

Mike Mortlock is the Managing Director at MCG Quantity Surveyors, Australia's fastest growing QS firm and one of Australia's top 100 fastest growing companies (AFR Fast 100). He’s also a co-host of the Suburb Trolls podcast, and host of the Geared for Growth Property Investing Podcast. Australia's most poorly produced, unbiased, conversation based podcast.

Kent Lardner is a data science and business leader with over 30 years experience working for companies such as JLL, CoreLogic and General Electric. He has a passion for digital high growth businesses and has led teams of 5 to 200 people in both Australia and China.

 

Connect with Us:
Looking for a Sydney Buyers Agent? www.gooddeeds.com.au
Work with Veronica: https://linktr.ee/veronicamorgan
Looking for a Mortgage Broker? www.wealthful.com.au
Work with Chris: hello@wealthful.com.au 
Send in your questions to: questions@theelephantintheroom.com.au 

 

Find this episode on our website:

https://www.theelephantintheroom.com.au/podcasts/209

 

If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!

Not every suburb is worth buying property in. Sure, sometimes data may suggest otherwise, but those &ldquo;top 10&rdquo; lists don&rsquo;t really tell you everything.
Aside from the market trends and forecasts in the real estate industry, you also have to check crime statistics - no one wants to live in an area where people live in fear!
So, how can you evaluate and analyze data (including crime statistics) so you&rsquo;ll know which suburbs to avoid?
Today, we have Suburb Trolls&rsquo; Kent Lardner &amp; Mike Mortlock for a lighter chat about what impacts property prices. We also talk about identifying the suburbs to avoid just by looking at the news, crime statistics, and real data.
If you enjoy the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at <a href="mailto:questions@theelephantintheroom.com.au">questions@theelephantintheroom.com.au</a>!
See you in the episode!
&nbsp;
Episode Highlights:
<ol>
<li aria-level="1">Taking a look at the crime statistics [02:58]</li>
<li aria-level="1">What constitutes a crime? [05:34]</li>
<li aria-level="1">Measuring the underquoting index of a suburb [09:10]</li>
<li aria-level="1">Kent and Mike&rsquo;s learnings about suburbs, which they didn&rsquo;t know before [12:05]</li>
<li aria-level="1">Sh*t towns of Australia [14:14]</li>
<li aria-level="1">The bogan-ometer and the bogan factor that&rsquo;s good for property prices [19:00]</li>
<li aria-level="1">Do buyers avoid housing commission areas (a.k.a. social housing) [26:29]&nbsp;</li>
<li aria-level="1">Where do the robbers come from? [28:35]</li>
<li aria-level="1">The truth behind well-regarded publications and their &ldquo;top 10 lists&rdquo; [32:44]</li>
<li aria-level="1">Will Suburb Trolls keep pushing forward? [36:23]</li>
<li aria-level="1">Suburbs that have both the high &amp; low end of the same data set [42:30]&nbsp;</li>
<li aria-level="1">Mike&rsquo;s property dumbo [50:29]</li>
</ol>
&nbsp;
Links from the Show:
<ul>
<li aria-level="1"><a href="https://www.amazon.com.au/Sh-Towns-Australia-Rick-Furphy/dp/1988547245">Sh*t Towns of Australia</a> by Geoff Rissole and Rick Furphy</li>
</ul>
&nbsp;
About Mike &amp; Kent:
Mike Mortlock is the Managing Director at MCG Quantity Surveyors, Australia's fastest growing QS firm and one of Australia's top 100 fastest growing companies (AFR Fast 100). He&rsquo;s also a co-host of the Suburb Trolls podcast, and host of the Geared for Growth Property Investing Podcast. Australia's most poorly produced, unbiased, conversation based podcast.
Kent Lardner is a data science and business leader with over 30 years experience working for companies such as JLL, CoreLogic and General Electric. He has a passion for digital high growth businesses and has led teams of 5 to 200 people in both Australia and China.
&nbsp;
Connect with Us:
<ul>
<li aria-level="1">Looking for a Sydney Buyers Agent? <a href="http://www.gooddeeds.com.au/">www.gooddeeds.com.au</a></li>
<li aria-level="1">Work with Veronica: <a href="https://linktr.ee/veronicamorgan">https://linktr.ee/veronicamorgan</a></li>
<li aria-level="1">Looking for a Mortgage Broker? <a href="https://www.wealthful.com.au/">www.wealthful.com.au</a></li>
<li aria-level="1">Work with Chris: <a href="mailto:hello@wealthful.com.au">hello@wealthful.com.au</a>&nbsp;</li>
<li aria-level="1">Send in your questions to: <a href="mailto:questions@theelephantintheroom.com.au">questions@theelephantintheroom.com.au</a>&nbsp;</li>
</ul>
&nbsp;
Find this episode on our website:
<a href="https://www.theelephantintheroom.com.au/podcasts/209">https://www.theelephantintheroom.com.au/podcasts/209</a>
&nbsp;
If you&rsquo;ve enjoyed this episode, don&rsquo;t forget to like, share, rate and subscribe for more!

Who's really in control when you buy a property?

The Elephant In The Room is where the things that no one wants to talk about, actually get talked about.  

Veronica Morgan, real estate agent, buyers agent and co-host of Foxtel’s Location Location Location Australia & Chris Bates, financial planner, mortgage broker and wealth coach have joined forces to find out what’s really going on in the world of real estate.

Veronica and Chris talk to property owners and buyers every day in their respective lines of business. They’ve observed a wide spectrum of confidence in people’s decision making ability when buying and selling property, often to the detriment of the individuals concerned. They are both fascinated by consumer behaviour and together they’re going to uncover who’s really making the decisions when you buy a property.

In each episode they get into the psyche of buyers, agents, auctioneers and other industry experts to learn the truth about how buyers are influenced and why they do the things they do. In every episode you’ll learn from the mistakes of a “property dumbo” as well as Chris & Veronica’s “elephant rider bootcamp” training session.

The plan? This property podcast has been created to help us all make better property decisions!

We talk about the things no one wants to talk about in the Property Market

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