OuranalysisutilisestheAustralianBureauofStatistics (ABS)geographicalclassificationsystem,employingGCC, SA4,SA3andSA2namingconventionsasthestatistical andcomputationalstandardestablishedbytheABS.This hierarchicalstructureprovidesaconsistentframeworkfor analysingpropertymarketsatvariousgeographicalscales, frommajormetropolitanareasdowntoindividualSA2s. Thevisualrepresentationandpracticalapplicationofthese classificationscanbeexploredthroughtheABSmapping portalathttps://maps.abs.gov.au,whichdisplaysthe2021 GCC,SA4,SA3andSA2shapefiles.Thesearethesame shapefilesandnamingconventionsusedbyNeovalintheir pricemodellingcomputations,ensuringconsistency betweenourdatasourcesandofficialstatisticalboundaries.
Forcomparativeanalysispurposes,theSunshineCoastand GoldCoastregionsareclassifiedalongsideGCCMajorCity regions.Thisclassificationreflectstheirsubstantialprice growthoverrecentyearsandtheircommoncomparison withmajormetropolitanmarkets.Giventheireconomic significanceandmarketcharacteristics,theseregionsare consideredMajorCityregionsforthepurposesofthis analysis.
