In this episode, founder and publisher of The Urban Developer Adam Di Marco speaks with Nerida Conisbee, chief economist of REA Group.
After a career leading the research departments of some of Australia’s major real estate houses, Nerida joined REA Group — the parent company is listing website realestate.com.au — as chief economist.
With over 5 million Australians using the website every month (that’s one in four of us) Nerida has a pretty good sense of what’s happening in our markets.
With a wealth of data at her fingertips, Nerida marries the fundamental market drivers of a real estate market with the way we behave online to extract unparalleled insight.
In this episode, we explore:
What exactly is a property market and what are its key drivers;
We dive a little deeper to understand how macro-economic factors combine with local factors to drive property values;
We explore the unique data that REA Group uses to identify "canaries in the mine";
And finally, we ask Nerida where markets are going now and into the future.