Lack of transparency in property a concern
A lack of transparency with reporting asset prices in the property market misleads investors and ultimately costs them money, according to Wealth Within chief analyst Dale Gillham.
Aside from returns, the two most important factors are liquidity and transparency - and property loses to shares on both fronts, Gillham said.
He said the transparency of the share market is evident in every transaction being recorded and reported immediately, and is made available to anyone who chooses to explore the data.
"Therefore price manipulation is quite hard and if it actually does occur it would normally balance out quickly because of the liquidity and transparency of the market," Gillham said.
"However, with property, finding out details of actual transactions is often a huge challenge if not impossible to get, and further, it is also not timely information."
The ability to understand what price trends are doing in both shares and property can save thousands, Gillham added.
"Surely in this technology age the sale of each house could be reported in a very timely manner and made available to all," he said.
"Doing so would bring more transparency and make the property market fairer."
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