Property Wealth Advisory (PWA)

Property Wealth Advisory (PWA) is a boutique client-focused property investment advisory. PWA provides advice and market research on property investments specializing joint owned property investments for clients looking to diversify their portfolio. The company also cater for individuals who are seeking to be a home-owner in the right locations.

The service offered by PWA is considered a premium in Australia. The recommendations made by PWA is based on real estate data carefully curated through various means, including data from Consumer Affairs Victoria, Domain.com.au, PropertyData.com.au, and PropertyValue.com.au. The company often advertised its ability to select properties in areas that deliver strong yields with minimum risk (i.e., capital growth in a high-growth area), and/or have the potential for added value to increase future returns (i.e., sizeable land for future development).

PWA operates in three states: Queensland, Victoria, and New South Wales. The backbone of the operations is a small team of young and talented analysts located in PWA’s main office in Hawthorn, Victoria. The analysts’ role is to go through the real estate data and write a report on the trends, key indicators, market forecasting, and other valuable insights emerging from the data.

An Urgent Task

PWA CEO just had a series of meetings with several groups of investors who have indicated a strong interest in real estate investing in Melbourne. These investors have been accumulating funds during the pandemic and now ready to put it to good use. However, they are concerned about the housing market volatility. The news in mainstream media seem to oscillate between the prediction of Melbourne heading into an unprecedented property glut and the forecast of another stellar growth.

2020 has been a challenging year for everyone and for a lot of sectors. The real estate is no exception. It was evident that the Melbourne real estate has ‘cooled off’ last year. On the other hand, the recent 2021 property auction results indicates a reasonably strong performance. However, this could just be a temporary bounce from a depressed market.

These investors have asked for PWA’s insights on the property market. They specifically want to know:

- The trends on the Real Estate Market (REM);

- Growth areas and/or opportunities in the Melbourne REM; 

- If the REM bubble going to burst vs further growth is anticipated;

- Price performance on different types of properties;

- If it’s worth considering investing in properties in, closer, or further away from Melbourne CBD;

- Any useful predictions and/or forecasting on price, growth, etc.;

- Other interesting insights that can add value to their decision making and investment

A special request from the investors:

Infographic showcasing the key findings from the report

These are smart and very critical investor groups. They will not be satisfied being given statements and/or recommendations. They will scrutinize the information PWA give them. Hence, the CEO specifically requested the analyst team to also provide strong justification on every insights, information, trends, recommendations and conclusion.

Melbourne Real Estate Market Data

Our Data Technician has scraped 3 years data on Melbourne Real Estate Market. The 2018-2020 data should be adequate to allow the analyst team to conduct a thorough analysis of the data and write a report. The data technician acknowledges there may be missing values and/or inconsistent values in the dataset, but given the urgency of the request, he left it to the analyst team to contact him (he can be reached through aprananto@swin.edu.au) with specific queries on major anomalies the team encounter in the dataset.

As per usual, the Melbourne REM dataset has been uploaded in PWA central repository (a.k.a., INF30004 Canvas site) ready to be accessed by the analyst team.

In order to help your team making sense of the data, the following data dictionary is provided.

melbourne-rem-data

data-dictionary