Introducing the single number property marketers do not want you to know about.
How do you know which location is set to boom or tank?
This single number is a measure of the gap in supply and demand and therefore where prices are more likely to rise. No more relying on "trusted" advisors and their subjective biases.
THE DATA SOURCES
Nine data sources.
Too many investors rely on one or two market indicators from one source as a basis for their analysis.
The problem is this creates an incomplete picture of an areas potential and can be very misleading for those using data-driven research. And how do you know the data you're relying on is accurate? BoomScore grabs it's data from nine different sources to create a cleaner, more comprehensive database than any one property portal or other research company.
It weeds out anomalies in the data and disregards an indicator where the data is 'shallow'. For example, there needs to be at least 3 auction results in a suburb before the Auction Clearance Rate statistic is given much weight in the overall score.
This means you can focus your research on a location where the data is good and reliable.
In fact, the DSR BoomScore™ is not only based the underlying supply-demand indicators, but also how comprehensive the data behind the score is. We call this the Trust Score and it's a good indication of how heavily 'traded' an area is.
How our data is different
- nine source of data
- data anomalies removed for accuracy
- multiple instances of same indicators merged from multiple sources
- eight statistics rolled into one score
- additional stats created unique to BoomScore
Eight indicators of supply and demand.
The opposite is also true. It's that simple but the biggest challenge is how to measure supply and demand. Introducing the DSR BoomScore™. Getting an accurate measure of supply and demand is obviously very difficult. Some experts believe population growth is one example of increasing demand (more people = more demand for property) .
DSR BoomScore™ solves this problem by generating eight 'supply-demand' indicators from no less than nine sources which means the final score is accurate and reliable.
The DSR BoomScore™ is marked down if there is not a full suite of indicators available from most of the sources. This is important because the greater the depth and breadth of data, the more likely the DSR BoomScore is accurate and that the suburb is well traded.
This is where it gets powerful: the DSR BoomScore ™is both a measure of the gap in supply and demand and a tool for rank ordering all suburbs from best to worst.
...And importantly, your strategy will determine which of the eights indicators are more important in your decision making. For example, when we analyse a prospective armchair development for our subscribers, we will not only look at the summary DSR BoomScore™ but we also analyse each underlying indicator in the context of 'develop and sell'.
Target the top one-percent of emerging suburb hotspots.
How will you decide where to invest next? DSR BoomScore™ is a single number assessment of a locations investment potential. It's also a tool for shortlisting suburbs e.g. "show me all suburbs with a DSR BoomScore™of 30+ in QLD where prices are around $450,000".
This means investors can:
- create a shortlist of suburbs...
- that meet their budget...
- that meet their strategy e.g. 'renovate and sell' or 'develop and hold' or 'cashflow positive with high capital growth potential' etc
They can also:
- sell ahead of everyone else if the score deteriorates
- verify what a property marketer or buyers agent is telling them
- identify an emerging hotspot by watching the trends in the data on Boomtown (charts)