In the housing market, buyers have been taught that it’s essential to rely on data when making decisions. But the truth is, property data can be presented in ways that don’t exactly tell the full story. 

Sure, the statistics presented to you by “experts” may be real, but are they used correctly or are they “spin” created just for profit?

In this Suburb Trends episode, Kent Lardner and I talk about the proliferation of the use of misleading property data, the different ways to measure the housing market, the dangers of relying on numbers without knowing the context, and more!

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:
Kent’s learnings about data and how it’s being used in some quarters [01:13]
Using & misusing property data in a number of ways [03:01]
Local specialists and data-driven buyer’s agents [04:15]
A look at misleading data [05:04]
What is the role of a buyer’s agent? [06:47]
Misuse of data to support a “buy, buy, buy property” model [11:36] 
Measuring the same factors four different ways in the housing market [14:05]
How can data be manufactured to create a market that shouldn’t exist? [21:23] 
Is it dangerous to outsource data-driven decisions? [26:13]
What are the weaknesses of local buyer’s agents? [30:41]
The truth about the rise of the property expert [37:46]
How to value an individual property [40:12]
The pros & cons of young people entering the housing market [42:19] 
Creating fancy infographics with misleading data [47:36] 

 

Links from the Show:
How to Lie with Statistics

 

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/207

 

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

In the housing market, buyers have been taught that it&rsquo;s essential to rely on data when making decisions. But the truth is, property data can be presented in ways that don&rsquo;t exactly tell the full story.&nbsp;
Sure, the statistics presented to you by &ldquo;experts&rdquo; may be real, but are they used correctly or are they &ldquo;spin&rdquo; created just for profit?
In this Suburb Trends episode, Kent Lardner and I talk about the proliferation of the use of misleading property data, the different ways to measure the housing market, the dangers of relying on numbers without knowing the context, and more!
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">Kent&rsquo;s learnings about data and how it&rsquo;s being used in some quarters [01:13]</li>
<li aria-level="1">Using &amp; misusing property data in a number of ways [03:01]</li>
<li aria-level="1">Local specialists and data-driven buyer&rsquo;s agents [04:15]</li>
<li aria-level="1">A look at misleading data [05:04]</li>
<li aria-level="1">What is the role of a buyer&rsquo;s agent? [06:47]</li>
<li aria-level="1">Misuse of data to support a &ldquo;buy, buy, buy property&rdquo; model [11:36]&nbsp;</li>
<li aria-level="1">Measuring the same factors four different ways in the housing market [14:05]</li>
<li aria-level="1">How can data be manufactured to create a market that shouldn&rsquo;t exist? [21:23]&nbsp;</li>
<li aria-level="1">Is it dangerous to outsource data-driven decisions? [26:13]</li>
<li aria-level="1">What are the weaknesses of local buyer&rsquo;s agents? [30:41]</li>
<li aria-level="1">The truth about the rise of the property expert [37:46]</li>
<li aria-level="1">How to value an individual property [40:12]</li>
<li aria-level="1">The pros &amp; cons of young people entering the housing market [42:19]&nbsp;</li>
<li aria-level="1">Creating fancy infographics with misleading data [47:36]&nbsp;</li>
</ol>
&nbsp;
Links from the Show:
<ul>
<li aria-level="1"><a href="https://www.theelephantintheroom.com.au/s/How-to-Lie-With-Statistics-and-Current-Market-Case-Study.xlsx">How to Lie with Statistics</a></li>
</ul>
&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/207">https://www.theelephantintheroom.com.au/podcasts/207</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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