In the ever-evolving real estate landscape, understanding property prices is crucial for making informed investment decisions.
In this video, we dive into the innovative CoreLogic Hedonic Index, a cutting-edge tool providing deeper insights into property values beyond traditional metrics.
As the market adapts to recent economic changes, including shifts in the Official Cash Rate (OCR), having access to accurate and granular data can offer a significant edge to investors and homebuyers alike.
In this video, host Blandon and special guest Nick Goodall, Head of Research at CoreLogic, discuss the three key benefits of the Hedonic Price Model.
The Hedonic Index delves into a more detailed analysis by considering various characteristics of properties and their sales trends, providing a clearer picture of property prices. Nick explains how this model updates weekly, allowing for timely insights into market shifts and trends.
You will gain an understanding of how the Hedonic Index can help you identify opportunities, that others might overlook, and make more strategic decisions in the property market, especially as interest rates change and demand evolves.
Disclaimer: This article is intended to provide only a summary of the issues associated with the topics covered. It does not purport to be comprehensive nor to provide specific advice. No person should act in reliance on any statement contained within this article without first obtaining specific professional advice. If you require any further information or advice on any matter covered within this article, please contact an adviser from mortgagehq.
