Census meltdown does not help investment property research
Census data is one of the most important sources of information used by property researchers and the census meltdown does not help investment property research. The big question now is just how complete is the new data acquired in the 2016 census going to be in assisting planning over the next 10 or 20 years?
Regardless of the culture described as “Reckless” at the top of the Bureau of Statistics, it is essential that trust between the citizens of this country and the ABS be renewed as quickly as possible in order that the necessary information used for the development of the future of this country is collected fully and accurately with the blessing and trust of every Australian.
Even before the on-line debacle of census night the ABS was not prepared to explain why it now wanted to retain names. It would save millions by posting login codes to most of the population rather than delivering forms. Had it delivered, or even posted, forms it would have had a backup. Instead it gave most of Australia only one way to submit census forms and threatened fines of $180 per day for people who didn’t comply. The result is we have now a group of elected representatives declaring to the masses who vote that they will not comply to filling in the form, even if it means paying a fine. What chance now of having anything like a 95% return on census information?
Lime Property Solutions Property Research, like other property research groups, plays a critical role in finding the best property investment for clients. Much of the research is analysing professional data supplied or purchased from Australia’s most respected property research agencies such as Australian Bureau of Statistics and BIS Shrapnel. Much can also be found by daily scrutiny of quality media such as the Financial Review. This outsourced research involving the growth and development prospects of different regions and locations, is assessed by Lime by visiting areas and increasing our knowledge through meetings with local developers, real estate agents and local Chamber of Commerce representatives. Once our research is satisfied with an area or suburb we seek out suitable property that meets our strict selection criteria. Like all research bodies, full and accurate census information is an essential resource to do this job. The census meltdown does not help investment property research!
Read more: http://goo.gl/N3RN2w
