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In terms of property valuation in Essendon, its worthwhile keeping in mind a couple of points that can attract or detract from a valuation. When it comes to property valuation in Essendon, it’s important to understand what creates monetary value – Desire, Utility,...
The 4 steps to take advantage of residential property data Do you agree supply and demand has a correlation with price? If yes, then you need to immerse yourself with data at suburb level. Observing the moving data for many locations provides many insights...
How is a real estate market formed? A real estate market is formed when multiple people place similar levels of importance on the ‘factors of value’ - utility, desire, scarcity, and effective purchasing power/willingness to pay. In a previous article and video...
What are the demand and supply factors that create monetary value? A product or service must have utility, desire, scarcity, and effective purchasing power to have a monetary value. These are called the ‘factors of value’, and represent the fundamentals of demand and...