11 May 2019

Data: your best friend when buying

By Tim McKibbin, REINSW CEO

Data is the new oil – why? Because with the right data you can make informed decisions and reduce risk.

In the last decade, the process of buying a home has (effectively) remained unchanged, however, buyers now have access to more and relevant information.

But it's not just having the data that gives an advantage, it is knowing how to interpret it. This is where the local real estate agent as your advisor becomes an essential component of the transaction. And not simply to narrow your search, but to help you understand market trends, what drives them and how they will impact your decision to buy now and in the future.

So, when using data, understand what you're looking for, find a reliable source and look to experts to help you.