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The thing is you need to confirm the formula first before using it i think. So if you have a few suburbs that you know of, you use the formula to test those suburbs and get the answer you're expecting. Once that's done, you use it to identify other places. Idea is to increase the accuracy...

One bit i think is missing is weighting for each area. In the above model, each of the 6 scores is given weight - 16.6%. Just to add another spanner in the works which will make the model more accurate is to adjust scores to put more emphasis on differing factors, eg cbd might be more...