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Why the true value of real estate comes back to the cost to rebuild

Using comparable sales as a measure of value for real estate is a trap. Here's how you should be valuing property instead.

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“The way we think about it is how much we’re paying per square metre relative to how much it costs to rebuild that very same property. If you think about it in that context, you’ve got a better chance of preserving the downside of your investment and capturing some of the upside over time.”

In part 3 of this Livewire Expert Insights video, Chris Bedingfield shares how Quay values and identifies properties, and the triggers the team uses to know when to sell.