FREE digital and interactive Scarcity Meter
Determine the amount of property scarcity for thousands of locations – both house and units included.
FREE digital & interactive E-Book/Report – Where are the behavioural & lifestyle trends emerging from COVID19?
We conduct a fact finding data analytics process that uncovers how people are engaging, transacting, and behaving with property, place, and price, at a local level.
Urban Statistic looks at many factors over a time horizon that go beyond sales price metrics including: supply, demand, business use, migration patterns, business diversification, people & business movement, traffic congestion, and the economic health of an area.
The collated and analysed data can also be compared with other locations to address the pitfalls and advantages. Conclusions drawn from the information answers many questions about the state of property in Australia, and it’s all based on human behaviour.
The findings are presented using interactive dashboard’s that bring data to life and tells a story that’s visually compelling and stimulating.
Our property sales data on the Australian housing market is used by real estate agents, property professionals, and financial institutions. These professionals are after an interactive experience that goes beyond property prices and provides real data that helps them forecast for future growth.
The work we do is customised. Therefore, conclusions are solely objective and specific.
Whether it’s validation for a project, or knowledge for business direction, our client strategy is to reduce cost and/or increase revenue through our findings.
Property + Place + Price + People = Picture
Lets Get Better
Better Supply & Demand Statistics & Models
Better Risk Identifiers
About Urban Statistic
News & Education
In part 1 we learned what scarcity is and its relationship with utility. We also learned why scarcity has an influence on both land and the improvements e.g. a house.
Scarcity is the difference between limited and unlimited, and is one of four factors that work together to make something valuable along with desire, utility and purchasing power.
An economic principle known as substitution can have a large influence on property prices across every market and every country in the world.
Reaching a properties peak value through methods of capital improvements e.g. renovations or extensions, can be risky business especially when real estate property is influenced by externalities due to its immovability.