Ep. 7: Free Data vs Paid

In this episode of the Suburb Data podcast, we dive into the debate of free data versus paid data in property investing. We kick off the discussion by addressing a viewer's comment from a previous episode about the pros and cons of buying one $1 million asset versus two $500,000 assets.

We weigh factors like diversification, yield, and flexibility in property investment strategies. We then delve into the main topic of free data versus paid data, exploring the reliability and value of different data sources. Emphasizing the importance of thorough research and due diligence when using data to inform investment decisions, highlighting the potential pitfalls of relying solely on free data or marketing-driven analysis.

Throughout the episode, we share personal anecdotes and insights from our 23 years of experience in the property investment game, offering practical advice for listeners navigating the complex world of property investing.

 

TIME STAMPS:

• Introduction: 08:13 - 29:10
• Viewer Comment Discussion: 29:12 - 02:09:02
• Property Management and Maintenance: 02:09:07 - 03:25:04
• Data-Driven Investing Introduction: 03:25:06 - 03:54:12
• Viewers Comment Analysis: 03:54:13 - 05:26:21
• Property Data and Analysis: 05:26:21 - 06:52:15
• Personal Experience and Property Details: 06:52:15 - 07:56:11
• Data-Driven Decision-Making: 07:56:11 - 08:35:02
• Free vs. Paid Data Comparison: 08:35:04 - 09:41:22
• Importance of Due Diligence: 09:42:02 - 10:06:12
• Analysis Paralysis and Data Accuracy: 10:06:12 - 10:46:02
• Value Proposition and Data Sources: 10:46:04 - 11:51:19
• Accountability in the Industry: 11:51:19 - 19:08:16
• Tailoring Data to Specific Needs: 19:08:16 - 20:18:22

 

DISCLAIMER:

Please be aware that the content presented in this video is for general informational purposes only and does not constitute financial advice.

• The information provided is not tailored to your individual circumstances, and we do not consider your specific financial situation.
• It is strongly recommended to consult with a qualified financial advisor or professional before making any financial decisions based on the content of this video, as we have neither offered nor provided legal, financial, or taxation advice to the Listener, Reader, or Viewer.
• We do not hold an Australian Financial Services Licence as defined by section 9 of the Corporations Act 2001 (Cth) and is not authorized to provide financial services.
• Any actions taken by viewers based on the information in this video are at their own risk.