🏠 Unlocking Property Insights with SA3 Trends!
When diving into property market analytics, the devil is often in the details. Focusing on individual suburbs provides a granular view, but what about the bigger picture? This is where Statistical Area 3 (SA3) trends come into play.
Here's a quick snapshot of the vacancy rate dynamics over the last 6 months across major Australian cities:
Adelaide: 9 SA3s have increased, 5 have seen a decrease.
Brisbane: 4 SA3s have increased, 13 have seen a decrease.
Sydney: 22 SA3s have increased, 10 have seen a decrease.
Melbourne: 11 SA3s have increased, 17 have seen a decrease.
Perth: 10 SA3s have increased, 10 have seen a decrease.
Why is this important? 📊
Suburb-level data can be volatile, especially when it comes to vacancy rates and sale prices for smaller sample sizes (fewer sales or small rental markets). This volatility can create a skewed perception of market trends. By including a trends chart for the SA3, you can capture a more stable and representative overview of the market.
For anyone creating a newsletter, real-estate report, or market analysis, don't just stop at the suburb content. Embrace the power of SA3 trends to provide a comprehensive, balanced view.
🔍 Looking for more insights or tailored analysis for your business? Feel free to connect or drop a message!
#RealEstate #Analytics #PropertyMarket #Trends #SA3
Director and Lead Trainer at T-A-B Solutions
1moCongratulations Freddie, exciting times ahead.