Rental income estimates are displayed on property.com.au to help give you an indication of the potential rental income of a property.
At property.com.au, rental income estimates are derived using an advanced Automated Valuation Model (AVM) from our partners at Proptrack. This AVM employs sophisticated AI technology composed of multiple models, evaluating factors such as:
- Property type (ie house, townhouse, strata title etc)
- Land size and location
- Comparable rentals (ie similar homes that have been rented out nearby)
- Market trends, (current and historical)
- Property characteristics, such as the number of bedrooms, bathrooms, garages, and the size of the property’s footprint.
The AVM delivers both an estimated rental income value and a Forecast Standard Deviation (FSD), which reflects the model’s confidence level. Confidence levels are displayed as low, medium, or high on our site.
These estimates rely on current market data and are intended as indicative guidelines.
Property features such as bed, bath, car count and floor/land size play a role in this calculation. We source this information from previous listings on realestate.com.au. Sometimes these features need to be updated, particularly if you have made changes since it was last sold! For updates to incorrect property features to ensure the model is considering the most up-to-date information, find out how to request changes here. Any updated features will inform future property value calculations.
For a precise market appraisal when selling, we recommend consulting a local real estate agent. Find an agent in your area here.