Discussion in 'The Buying/Selling Process' started by Poe, 11th Nov, 2014.
I'd like to see those beaches and pools next time the river floods
I'm sure I've read a few stories on SS regarding this as well as it being in the media
Thanks for the sharing MIW,
so in regards to:
- you do not know the % of owners to renters
It is difficult to know how. Isthere any way to know the percentage using RPData or some other premium search engine tool ?
I've tried to do this analysis for a number of buildings in Brisbane, easiest way is one of the online databases (I used Pricefinder). Compare the buyers address to the address of the property - if they are not the same then fair assumption that they are an investor.
This information will not be known until the title transfer has occurred and in my experience it can take some time until the information appears.
In high density apartment buildings it wouldn't surprise me if the investor % is >90% in Brisbane and of this more than 50% is interstate or off shore.
One example of a building with >200 apartments on Ann St, the breakdown was;
Ownership Unknown : 29 (unsold / unsettled when I checked the data)
NSW: 73 (34%)
QLD: 42 (19%)
China: 17 (8%)
WA: 16 (7%)
C/- onsite manager: 5 (2%)
Singapore & Malaysia: 4
SA, NT, ACT: 4 each
SMSF (Where the naming of the title holder includes text suggesting SMSF, so may be many more than this)
Total: 7 (3%)
Owner Occupiers: 3 (1%)
Thus, of the properties where the ownership was known only 3 were owner occupiers. Of course the 29 that were unknown may increase this number.
Separate names with a comma.