The Daily Telegraph seeks comments from Catherine on the validity of NSW property data.. 

29/03/2017

The Daily Telegraph seek comments from Catherine Cashmore on the validity of NSW property data...

The Daily Telegraph

IT’S the biggest issue in NSW — yet property data being relied on by the government to make crucial planning decisions isn’t even accurate, with the Planning Minister making the startling admission its figures on new stock can’t be trusted.

Current data from Sydney Water being used to calculate new stock is missing some of the biggest growing housing types, including granny flats, seniors living and student housing.

Newly appointed Planning and Housing Minister Anthony Roberts has been forced to step in to fix the issue.

The Daily Telegraph can reveal the Planning Department is asking the private sector to help with a data collection project.

“The Department of Planning has been relying on information about new and upgraded water connections from Sydney Water to understand where new homes are being built,” Mr Roberts said.

“However, this does not capture the growing importance of alternative housing types, such as granny flats, seniors living and student housing.

“These housing types are under-represented in the Department’s current housing data collections as they typically do not have their own water connection or are classified as commercial.

“The Department started a tender process for a housing data collection project after identifying the need for new, more sophisticated information to paint a complete picture of the state’s housing needs.”

8ed254cf6c2e50a05d29aefe6fc6106d

NSW Planning and Housing Minister Anthony Roberts. Picture: Bob Barker

Mr Roberts said the information relied on by the Department — which also includes Australian Bureau of Statistics data and council surveys — wasn’t “detailed or modern enough”.

He said they had also requested data from other cities such as Istanbul, Vienna, Athens, New York, Washington, Hong Kong and Singapore.

Data from Sydney Water has been abandoned by other researchers because of flaws in the system.

Prosper Australia president Catherine Cashmore recently tried to use water data to calculate how many vacant homes there were.

Ms Cashmore said the group, which lobbies for housing affordability, had not yet been able to complete the project because most apartment buildings had just one water connection.

Prosper Australia president Catherine Cashmore.

c8cdeb66f63e717cec4dae4c123fb244
 
“Apartments are arguably the most important housing type in Sydney so the information wasn’t accurate,” she said.

Ms Cashmore said she was surprised the Department had been relying on data from Sydney Water.

The Department of Planning is also seeking information on vacancy rates across NSW.
 

 


Return

Our Services

Buyer Advocacy

Buyer Advocacy

Whether you want us to bid at auction, or provide a comprehensive buyer advocacy service to search, asses and negotiate your ideal investment property or home, we tailor a plan ideally suited to your individual needs.

Read More
Development

Development

We have the expertise to assist with any type of development you are considering - large, or small - from concept to completion.

Read More

What our Clients are Saying

Catherine worked tirelessly in finding me a great property at a good price. She did things that I wouldn't have done (hours and hours of legwork) and more importantly, couldn't have done (organising the purchase before anyone else had even put in an offer). When I was ready to give up, Catherine kept working. I'm certain that I never would have been able to buy the same property within 10k of what we eventually settled at.... David
The expertise you bring are excellent and helped us understand the process and what to do and what not to do. You discussed at the beginning that by using you it will save us money and in our instance and the current environment of Melbourne’s market I believe you saved us $100,000 or enabled us to get into a suburb which going to auction would have gone way over our limit. You worked tirelessly to help us purchase a home.... Karen
“You impressed us from the start, especially compared with the other buyers agencies we approached…” - Raj

More Testimonials

Why use Cashmore & Co?

Cashmore & Co are experts in market cycles and property investment 

Catherine Cashmore has accrued many years experience working in the Australian real estate market. She is President of Australia's oldest economics organisation (Prosper Australia) and has lectured widely on the real estate cycle and the economics of land.

it's this knowledge that sets Cashmore & Co apart from other real estate agencies. 

Cashmore & Co won't 'spruik' the market, or try and convince you that it's always a good time to buy.

Rather, Cashmore & Co use their expertise to assist investors, home buyers, and developers to make wise decisions based on their individual budgets and unique circumstances. 

They simplify the buying process saving buyers thousands in negotiation, as well as preventing costly mistakes.

Many of our clients benefit from insider secrets we have gleaned from years of experience that buyers, sellers, and developers, simply do not have access to. 

You can’t help but accrue this kind of on-the-ground knowledge when you’re involved with literally dozens of purchases and sales each year.(And also when you have a rare knowledge of the long-term property cycle as your framework.)

Whether it’s getting into a suburb you thought was out of reach, saving a hundred grand by avoiding a too-good-to-be-true apartment pitch, or getting a foot through the door in a hot market, Cashmore & Co has all the practical property ‘hacks’ to place you ahead of the competition.

Investors not only gain assistance with their property investments; with Cashmore & Co they have access to a treasure trove of advice and strategies that help extract the maximum amount of wealth creation from the 18-year cycle that you will not get anywhere else. 

Please click here to see the range of services we offer. 

Or contact us for more information. 

About Catherine

Catherine Cashmore

Owner & Director

Herald Sun Pic .jpg

Catherine Cashmore has been working in the Australian real estate market for over 14 years.

Originally from the UK, and having also lived in the US, Catherine has extensive experience across a range of international real estate markets.

As a buyer and seller advocate, Catherine has assisted hundreds of home buyers, investors, and developers, find, assess, and negotiate, quality real estate for great prices throughout Australia.

She is President of Australia's oldest economics organisation, Prosper Australia - an organisation that has conducted vast amounts of research into the economics of land, market cycles, and the intricacies of how tax and government policy affect the markets.

Catherine is a regular and highly respected media commentator. She has often been called upon to guest lecture at universities and educational institutions (including RMIT and Sydney University) on how tax policy affects the real estate market, the design of cities, and the economy.

She is the editor of Fat Tail Investment Research's Cycles, Trends, & Forecasts, Catherine Cashmore's Land Cycle Investor, and Catherine Cashmore's Real Estate Wealth Course – publications that teach real estate and stock market investors about the land cycle, its impact on the economy, and how to create wealth from property and stocks using this knowledge.

She is also one of the former editors of the extremely popular The Daily Reckoning Australia (or the ‘DR’ as it's affectionately known to its 60,000 subscribers).  The DR is an independent financial news broadcaster that has been in the business of reporting financial trends that shape the economy since 1999.

Previously authoring the annual ‘Speculative Vacancies’ report, the only study in the world that analyses long-term vacant housing based on water usage data (Australia-focused), Catherine has an in-depth knowledge of the Australian real estate market and economic environment few can rival.

You can contact Catherine directly on 0458 143 089 or at cc@cashmoreco.com.au 

Meet the Team

Please contact us for more information
or call us on +61 458 143 089

Contact us for More Information

Contact Us