G’day, Ben Everingham from Pumped on Property here. In today’s video I’m going to kind of go behind the scenes a little bit, of the property industry. I’m going to share firsthand some of the analysts and the providers of data that I follow on a weekly, monthly and annual basis, to help make your investment life a little bit easier.
Hey there, Ben Everingham from Pumped on Property here. I’m really excited to share today’s video with you, because I think it’s one of those rare moments where you get a bit of a peek behind the scenes.So, as a buyer’s agent, I’ve helped our clients buy well over a hundred million dollars’ worth of property. In today’s video, I’m going to share with you some of the leading data providers that I follow on a weekly, monthly and annual basis.
Hopefully you walk away from today’s video with some great people to follow in the industry, some really good email newsletters to sign up to. Some really good podcasts and some of the more hard data providers and videos that I watch, to make sure that I know what’s going on in the Australian property market and can keep myself, my team, my business and my clients up-to-date. So, very, very excited about this one.
It’s all about keeping your finger on the pulse really, in the sense, that didn’t start well at all, I’m just going to restart there. What I meant to say is, for me, following these data providers and these analysts is really all about keeping your finger on the pulse. I know my wife’s not going to edit that one out, so I’m sorry guys. As per usual, there’s always normally a couple of mistakes in these videos, but it’s really about keeping your finger on the pulse and making sure you understand, in real-time, what’s going on with the Australian property market.
The first person that I wanted to talk through is Phil Anderson. For any of you that haven’t read his book, The Secret Life of Real Estate and Banking, you’re at a massive disadvantage to anybody who has, so I highly recommend that book. It will be one of the heaviest books you’ll ever read in this space, but it is filled with data, insights and a completely different way of thinking. But, if you don’t like reading big books, which I completely get, he has an amazing weekly update, which is the Phil Anderson Cycles, Trends and Forecasts weekly update.
His little update just gets sent to your email, I think it’s about $80 a year, so you do have to pay for it, but Phil’s got this incredible way of explaining what’s going on in the global economy, what’s going on in the share market, what’s going on in the Australian property market, the American and European property markets and really helps you keep that finger on the pulse.
So, Phil’s claim to fame is that, in 2005, based on his research for his book at the time, he realised there was going to be a financial crisis and called it. He shorted the American stock markets and European stock markets and made an absolute fortune, then, in 2007, when everybody said the world was never going to correct, he called the correction into 2009. So, that was based on him reviewing the last 250 years of boom and bust in America and Australia, then realising that there’s a bit of a pattern.
One of the cool things I like about Phil, and it’s an investor bias that I obviously have, because sometimes, you just want to hear good stuff, is he really talks about things being positive for most of the time. He talks about history in a big way and he talks about what’s going on at the moment and what’s spurring growth and what’s going on with the major economies around the world. So, it’s nice to just get a bit of a positive and a critical eye on the marketplace, as opposed to just negativity, which unfortunately, sometimes is all you seem to hear about property around the world.
The second person or people that I follow religiously is a company called RP Data, now, RP Data feed realestate.com, they feed all of the data for Domain, they’re the leading property provider or collector in information and analysis in Australia and they’ve got an incredible history.
So, Tim Lawless, who’s the head of RP Data at the time of recording this video, provides a really, really good monthly update. It’s a short video that you can digest and then, there’s deeper videos that you can look at from there. But, I highly recommend looking at RP Data’s monthly update and subscribing to their newsletter so you can just get that, straight into your inbox.
It gives you a really good idea of where Sydney, Melbourne, Brisbane, Perth, Canberra, Darwin, Hobart, Adelaide, et cetera, sorry if I’ve forgotten anyone, are heading at any one point in time. It looks at all of the key performance indicators and Tim generally gives his thoughts on what’s going on in those markets, from a strategic and a data perspective as well.
He’s by far one of the most respected, if not the most respected people in the Australian property industry and that company collects all of the data in real-time, so they’re understanding things as they happen and that update is an incredible way to spend 10 minutes a month and just really keep your finger on the pulse. Or, you can go deeper, into more of the videos around the specific market you’re targeting. Make sure you add that one to your list, no matter what you do from today’s video.
The third one that I wanted to talk about is the Herron Todd White HTW Month in Review report. It gives a really good rundown of the Australian residential, commercial and rural markets, but one of the cool things I liked about it is each month, they produce a property clock for the residential housing and unit market, where you can see where each of the capital cities and major metro markets and regional markets in Australia are at.
Again, it’s a really nice way, I don’t know why I licked my thumb, finger, it wasn’t even my thumb, but it’s just like, it’s a really good way, I meant to do, of keeping your finger on the pulse again and making sure you’re understanding what’s going on from a different perspective. So, again, none of these guys get everything right, obviously nobody has a crystal ball, but these are just some of the sources that I follow.
Then, after you read and interpret the little clock each month, there’s a really, really good write-up on what’s going on in Sydney, Melbourne, the other capital cities, as well as what’s going on in the major regional markets around Australia. You know, your Wollongongs, your Gold Coasts, et cetera. So, a great little read, especially if you’re thinking about buying in a particular market, just to find out where that market’s at, in terms of its timing in the overall Australian cycle.
Again, I like to buy at the rising stage, or the start of the recovery phase and then, it shows you which markets are at the top, which markets are losing value and which markets are getting close to bottoming out. So, they don’t always get it right, but it’s an exceptional resource for an investor, no matter level you’re at. Whether it’s your tenth property or your first property.
The fourth provider that I follow, he’s a bit quirky, but he produces some epic information and I like the quirkiness, because he’s always got a really strong opinion about what he’s saying. He’s Michael Matusik and again, this isn’t in any kind of order, this is just some of the stuff that I follow. So, Michael does an update for the Michael Massive, or the Michael Matusik Update, it shares amazing data about different markets in Australia. It looks at employment trends, occupancy trends, it looks at vacancy rates, it looks at infrastructure.
Michael’s been in the industry as an analyst for such a long period of time that he provides really accurate information. Again, nobody gets it right all of the time, but he just makes you think about things in a different way. It’s not always a perfect story with Michael, sometimes he gets very critical on the Australian market, which I think is an extremely positive thing as well, to keep all of your opinions and that information that you’re absorbing in check, to make sure that you don’t swing too hard one way or the other.
But again, it’s just an easy update … Email update that you can maybe get once or twice a week. By getting these little emails sent straight through to you and spending 10, 15 minutes a week reading through them, you can really keep your finger on the pulse and make sure that you’re giving yourself the best opportunity to follow what’s going on.
There’s another one that I follow as well, again, it’s not the most amazing update in the world, but it’s a really strong piece around different ways of thinking. That’s Jon from Knowledge Source, he’s hooked in with the Dymphna Boholt group and a lot of those other speakers, from a stage perspective, around Australia.
Jon’s been doing stuff for a long time, he’s a very successful business person and a very successful investor and he’s got a network of very successful investors around him. So, his updates, sometimes you get a couple a week, sometimes you get a couple a month but it’s, again, a really nice newsletter, just to stay on top of different things that are happening.
The cool thing about Jon is, it’s always really topical, it’s always really relevant to what’s going on in the market. His commentary and the effect of different things that are happening at a government level, a political level, a global level, a local level and he provides really nice insights into different markets as well. So, another very easy email to interpret.
Another couple of sources of data that are paid, that I follow is the Residex reports and updates, as well as the BIS Shrapnel reports and updates. Again, this is more something you could do on an annual basis, if you really, really can as an investor and sort of doing things. But, the Residex updates are great, because they look at the Australian market and that’s primarily the Sydney, New South Wales, Brisbane and Queensland and Victorian markets and they provide predictions in terms of where certain suburbs are going, into the future.
Which, according to Residex, which have just been bought by RP Data, which means the quality of the data there is going to improve as well, but the Residex information, apparently, according to their reports, has been about 80% accurate, based on whatever timeframe that they tracked from in the past, to the results that they predicted. Again, nobody has that crystal ball, but they have a nice way of dissecting the market and looking at how and what could perform in the future.
The BIS reports are more one to three-year predictions on what’s going on, from a demographics perspective, in infrastructure, a political perspective and where the market’s heading, in terms of timing. These guys have been one of the biggest analysts and predictors in the business for a long time and their reports are very, very thorough. They are quite expensive for the average investor, but if you’re really thinking about doing this right, what’s a thousand dollars to make a much better decision, based on very accurate data?
That report’s produced for a lot of Australia’s big banks and a lot of Australia’s governments and a lot of Australia’s leading analysts. Again, it’s not always right, I think their 2016 to ’19 prospects report was a little bit off, based on what they predicted and what actually happened. But again, nobody, no matter how much data they have, can see what’s going to occur in the future.
With all of these different providers and the videos like mine, it’s really about taking it with a grain of salt and not getting too caught up on any one predictor. Making sure you follow a balanced variety of different people with different opinions that provide little snippets of information and then, doing your best to collate that information and do what you can with it.
A couple of the other podcasts that I like to follow and videos that I like to follow online is obviously the On Property Podcast and videos. Ryan over there at On Property is an exceptional guy with a great eye for detail and really makes the property investment process simple, in terms of the way that he dissects the marketplace. I jump on a few videos with him as well.
I also like the stuff that the guys from The Property Couch do, they’re a buyers’ agency based down there in Melbourne and they provide a really nice update of particularly the first 20 episodes in their Property Couch Podcast, I think it was really relevant and something that most people weren’t talking about at the time that they did it.
I also do like, even though I’m a buyers’ agent, I do follow some of the other guys. I like the video updates that Nathan from Binvested does as well, another buyers’ agency based in Sydney. Nathan’s one of the most successful young investors in Australia and I find his videos very easy to digest, he’s got a really direct way of speaking to the camera, which I love and I’ve got mad respect for the guy.
His videos are very topical and very informative around certain things that are happening that are changing things for investors as well. As keeping your finger on updates and for example, when the Australian government made some changes to depreciation rates recently, Nathan’s the first to jump on there and interpret them and how they’ll affect investors.
So, again, there’s just so much good information out there, you don’t have to follow all of it, but maybe, in terms of a summary, get onto the RP Data stuff, get onto the HTW stuff, maybe get onto the Matusik stuff and when you get a chance, maybe listen to a podcast or a video every now and then.
I hope I haven’t just spewed all of that over you, I hope that’s meaningful, I hope some of it helps add value to your investment journey and I hope, until next time we get a chance to catch up, you continue to walk towards what it is that you’re looking to achieve in your life and your properties continue to perform the way that you hope that they will. So, thank you so much for your time today.