Find Out How Many Properties Sold In A Suburb In The Last 12 Months (Ep230)

When researching a suburb that you’re considering investing in an important metric to look at is how many properties have actually sold in that suburb in the last 12 months. In this lesson I am going to show you how to find out exactly that (and it’s really easy).

Today I’m answering this question’s from Romeo:

“Hello Ryan, when checking out the suburb how do I find how many properties sold in that suburb in a year? Thanks.”

Great question Romeo and this is a great thing that a lot of people might want to know or look at.

There are two websites that I like to use to find out this information.

The reason I use two websites rather than just one is that sometimes the data is different and I don’t like to rely just on one source case that source is wrong. So by having two different sources that I use it allows me to get a more accurate result and I can ensure I’m not getting misrepresentation of the area.

House.Ksou.cn

house.ksou.cn

The first website I recommend using is ksou.cn or more specifically house.ksou.cn. This is a website aimed specifically for people in China researching the Australian market because if you type in ksou.cn you’ll see a website come up with no English on it at all.

Step 1: Type “ksou” into Google

The easiest way to find it is to type ksou into Google, choose the first result which is house.ksou.cn.

Step 2: Choose “Suburb Profile” From The Top

We can see here it’s called SoldPrice and there are all these options at the top and what we’re looking for is Suburb Profile.

Step 3: Type In Postcode and Select Suburb

When we click on Suburb Profile and then we type in our post codes. So let’s go with what we’ve been using lately which is Burleigh Heads in Queensland 4220.

Step 4: Look At The Data

We then select Burleigh Heads and then it will show you here under sales data how many properties have sold in the last 12 months. We can see a 124 houses and 294 units. So that is one way to get the result.

YourInvestmentPropertyMag.com.au

yourinvestmentpropertymag.com:top-suburbs

The other website I like to use is your investment property mag.

Step 1: Go To The Website

So just go to yourinvestmentpropertymag.com.au.

Step 2: Click “Top Suburbs” In The Header

hen click this Top Suburbs icon in the header.

Step 3: Choose Your State And Enter Your Postcode

You then choose your state so in this case Queensland and you enter your post code and choose the area of Burleigh Heads, Queensland and then click search.

Step 4: Look At The Data

This will now generate a Suburb Profile for us and we can see a lot more information than ksou gave us. You can see medium prices, quarterly growth, 12 month growth, 3-year, 5-year growth.

This is all the stuff that you usually see in the back of real estate magazines so you can now do it online. We can also see down here number of sales in the last 12 months, 95 houses and 345 units.

Step 5: Compare With Ksou To Ensure Similar Results

Let’s compare that with ksou which says 124 houses and 294 units. So this one is saying less houses and more units however we don’t know exactly what 12 months it is taking.

So I’m not exactly sure how recent this data is on each of those sites but you can see that it’s within range of each other and it is fairly close to each other.

So there are two different methods you can use to find out how many properties were sold in the area in the last 12 months.

It’s also good to look at how many days on the market properties are. You can see that houses in Burleigh Heads have about 60 days on the market and units have about 90 days on the market.

Ksou doesn’t give us that information so you’re going to have to get that from your investment property magazine.

So there you have it, I hoped this has helped you Romeo, I hope this has helped everybody out there and if you have a question please email me ryan@onproperty.com.au and I’ll make you a video which will appear on the YouTube Stream and appear in iTunes for the podcast and get its own blogpost as well.

DISCLAIMER No Legal, Financial & Taxation Advice
The Listener, Reader or Viewer acknowledges and agrees that:

  • Any information provided by us is provided as general information and for general information purposes only;
  • We have not taken the Listener, Reader or Viewers personal and financial circumstances into account when providing information;
  • We must not and have not provided legal, financial or taxation advice to the Listener, Reader or Viewer;
  • The information provided must be verified by the Listener, Reader or Viewer prior to the Listener, Reader or Viewer acting or relying on the information by an independent professional advisor including a legal, financial, taxation advisor and the Listener, Reader or Viewers accountant;
  • The information may not be suitable or applicable to the Listener, Reader or Viewer's individual circumstances;
  • We do not hold an Australian Financial Services Licence as defined by section 9 of the Corporations Act 2001 (Cth) and we are not authorised to provide financial services to the Listener, Reader or Viewer, and we have not provided financial services to the Listener, Reader or Viewer.

"This property investment strategy is so simple it actually works"

Want to achieve baseline financial freedom and security through investing in property? Want a low risk, straightforward way to do it? Join more than 20,000 investors who have transformed the way they invest in property."