Value estimates are calculated by property data company, PropTrack by looking at multiple properties and local market data points, which together can provide insight into the approximate value of a property. The data that informs the estimate range includes property and local market data, including:
- Property type
- Property attributes
- Recent sales
- Local price trends
- Land size
Value estimates are based on the available market data and are indicative only.
An accurate representation of the market can be obtained via an appraisal from a local real estate agent.
Proptrack feeds their data into realeastate.com.au. If you have a question about the estimate showing for your property, you can contact the realestate.com.au Customer Support team at firstname.lastname@example.org.