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