Property adviser Richard Crabb outlined why his team counts cars per household when assessing suburbs, arguing forward-looking indicators beat backward-looking measures such as median price movements and sales volumes. Higher rates of multiple vehicle ownership were treated as a marker of aspirational, higher income households, with Bridgeman Downs in Queensland offered as an example where car accommodation also shaped the type of property selected.
Reported by
Richard Crabb, ASPIRE Property Advisor Network, 11 August 2020
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