Dodgy property research published through the media
Written on the 15 October 2017 by James CagneyI have been researching the northern suburbs of Melbourne so I can send you the last in the series on the Melbourne property market. This was an area I was not totally familiar with so I reached out to the Internet. What I found was a huge amount of articles published by Melbourne newspapers and on the internet on the huge potential of the area. Apparently this area is the best thing since sliced bread.
On closer examination I found that most of these articles were provided by property developers, builders and real estate agents in the area. These claims were so highly exaggerated and I could not understand why the media would publish the garbage these spruikers wrote.All was revealed at a seminar I attended conducted by researcher Terry Ryder. He explained that the newspapers have been under severe financial duress due to the lack of advertising funds and the event of on-line news and advertising through Google and other service providers. Most have laid off a large number of journalists so many of the editors in these newspapers' and other media rely on press releases sent to them by real estate agents, builders and property developers for their information.
These spruikers are getting away with conning property home buyers and investors into buying their properties and their promotion material is rarely based on sound research. Please learn from my experience and get reliable research before purchasing a property in any area and take what the media say with a pinch of salt. It is a case of the loadest gongs making all the noise.
The research you will find for Sydney, Melbourne and regional NSW and Victoria in the newsletter below is based on what reputable research companies are saying. I don't only take one research companies finding I cross reference with the other companies. Please scroll down down and click on the links of any area that interests you. There is a list of the research companies that I rely on at the bottom of this email for your reference.I pay for my research. Free information is worth what you paid for.....nothing.
The good news I am almost done with my research on the Northern Melbourne area to Craigieburn and I will publish this within the next two weeks.If you are looking to purchase a home or an investment property OR get sound advice based on fact not fiction call James Cagney on +61 416 137 645 0r click >>> HERE.
Author: James Cagney