Property Data For VIC - IMPOSSIBLE?!?!

Discussion in 'Property Investment - Other' started by ajago5, 4th Apr, 2012.

  1. ajago5

    ajago5 Member

    Joined:
    4th Jul, 2011
    Messages:
    9
    Location:
    Melbourne, Victoria
    Hi guys,

    I have been going crazy trying to find property data for victorian suburbs. I have searched for products which give you previous sales info, suburb analysis, demographics, vacancy rates, capital growth rates, infrastructure upgrades to area, etc, etc but it seems that due to these bloody privacy laws there is very little that the private investor has access to. I would love to have access to RP Data or something similar but it seems impossible now. Does anyone know of any recourses/products which can be accessed by private investors which give this sort of data or is there a way to get access to RP Data despite the privacy laws???

    Cheers
    Adam
     
  2. matto_

    matto_ Member

    Joined:
    19th Apr, 2010
    Messages:
    992
    Location:
    Melbourne
    Real estate investar (I think) seemed to be a really powerful till, containing all of the items you have listed, of which I found the previous sales history very interesting.

    In saying that, my buying habits didn't justify the monthly subscription costs(had a 1 month trial subscription.

    I am also interested in others opinions/suggestions.
     
  3. hobo-jo

    hobo-jo Not a bear just a realist

    Joined:
    19th Nov, 2006
    Messages:
    3,024
    Location:
    Adelaide
  4. Rooster

    Rooster Member

    Joined:
    14th Apr, 2003
    Messages:
    470
    Location:
    VIC
    It has sales data but not property specific.

    Streets sales figures and dates are listed but not street numbers.

    You can get around this sometimes by cross referencing the data from onthehouse.com.au with the sold data from realestate.com.au

    Rooster
     
  5. Peter_Tersteeg

    Peter_Tersteeg Finance broker/strategist

    Joined:
    29th May, 2001
    Messages:
    8,506
    Media:
    1
    Location:
    Melbourne
    Many of the brokers who post reguarly here provide their clients with free Residex reports. I've attached a sample report.
     

    Attached Files:

  6. rowena

    rowena Member

    Joined:
    2nd Apr, 2012
    Messages:
    213
    Location:
    Qld'er!
    when you do a search on onthehouse.com.au put in the full address, i rarely have a issue, and yes there are some occassions that the house number your after isnt listed, but it does show the area on the map, and you can click on other properties and see what their sold amount was and dates.
     
  7. Rooster

    Rooster Member

    Joined:
    14th Apr, 2003
    Messages:
    470
    Location:
    VIC
    Are you searching Victoria? It is specifically that state.

    Rooster
     
  8. matto_

    matto_ Member

    Joined:
    19th Apr, 2010
    Messages:
    992
    Location:
    Melbourne
    on the house appears to be "estimate" ranges as opposed to previous sales )and previous poster is correct about sales figures, most not listed).

    Just to iterate real estate investar have sales history (as well as estimates for each property).

    DAMN - cant get link update. needless to say google - realestateinvestar
     
  9. .toe

    .toe Member

    Joined:
    3rd Dec, 2005
    Messages:
    657
    Location:
    Bacchus Marsh, Victoria
    I use Realestate Investar for exactly that reason. The great search engine doesn't hurt either.
     
  10. Paul Thewlis

    Paul Thewlis Member

    Joined:
    3rd Nov, 2010
    Messages:
    81
    Location:
    Melbourne, Victoria
    We provide free Residex reports for our clients which gives you data for a specific postcode area. Email me the area you want and I'll send it to you.

    Also we can provide reports on specific properties at http://onyx.net.au/how-much-is-my-home-worth/
     
  11. Graemsay

    Graemsay Doom and Gloomer

    Joined:
    16th Sep, 2009
    Messages:
    861
    Media:
    1
    Location:
    Melbourne
    It's a real shame that you don't have a decent analogue to Zoopla Down Under.

    I'm surprised that no-one has made sales information more available. It makes the market more transparent, and ensures that there isn't an asymmetry of information (which can lead to abuse).
     
  12. mech81

    mech81 Member

    Joined:
    7th Jul, 2011
    Messages:
    138
    Location:
    Victoria
    Problem is with Victoria, there is privacy legislation which makes the information less accessible and you have to pay the individual councils on a regular basis to access it. So much for freedom of information...
    The councils would earn a decent amount from this so there is no push for change and though I have no evidence..the REA's will not complain about it.
     
  13. Peter_Tersteeg

    Peter_Tersteeg Finance broker/strategist

    Joined:
    29th May, 2001
    Messages:
    8,506
    Media:
    1
    Location:
    Melbourne
    As an investor you're entitled to information about property values.

    The individual home owner has the right to keep to themselves the amount they bought their individual property for.

    Tools such as RP Data & Residex have access to the private information and presents it in a generic manner. This gives you the information you're entitled to without volating the privacy of the individual.
     
  14. Aaron_C

    Aaron_C Finance Broker

    Joined:
    11th Jun, 2011
    Messages:
    12,670
    Location:
    Melbourne, Victoria
    Alternatively get a job at the land titles office and you can access the entire database for free!