EP11 | Using Macro and Micro Data to Find A Good Property

In this episode, Allan and John discuss the importance of macro and microeconomic data when investing in property. They emphasize the significance of looking at the big picture (macro) and then zooming in (micro) to find the right investment opportunities. Highlights 🌐 Macro data involves assessing national and state-level factors, such as population growth and infrastructure investment, to determine the overall market condition. 💼 Micro data focuses on specific city, local government areas, and suburbs to identify potential investment properties within a chosen market. 💰 Affordability plays a crucial role in property investment, considering both median household incomes and property prices. 📈 Population growth is a key macro indicator, indicating demand for property in a region. 🏗️ Infrastructure development is essential for ensuring future demand and desirability of an area. 🌆 A diverse local economy reduces risk and enhances the long-term sustainability of property investments. ⚠️ Caution is necessary when considering investments in areas with a single industry or economy to avoid potential downturns.