What the shortlist review changed in Q1

Q1's review work changed three parts of the shortlist engine: approved supply now carries more weight in markets with thin rental depth, yield claims use wider confidence bands when rental evidence is sparse, and low-liquidity suburbs are less likely to receive a strong visible lens without supporting demand evidence.

The clearest lesson was supply timing. A suburb can have a real macro tailwind and still underperform if a nearby approved development adds competing stock before rents have time to reset. That signal now appears earlier in the scoring notes instead of being treated as a late due-diligence item.

Yield confidence also needed discipline. Two mid-ring Queensland examples had the right direction but too much implied precision. The model now handles those cases as evidence-supported but range-bound, which is more useful for a buyer than a neat single-point claim.

The important part is that changes flow back into the methodology and source notes. A shortlist engine only earns trust if the score can explain why it moved.