How are value estimates calculated?

Value estimates are displayed on property.com.au to help give you an indication of the value of a property.

These 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, but not limited to:  

  • Property type (ie house, townhouse, strata title etc)
  • Land size and location
  • Comparable sales (ie similar homes that have sold nearby)
  • Market trends, (current and historical)
  • Property characteristics, such as the number of bedrooms, bathrooms, garages, and the size of the property’s footprint.

Value estimates are based on the available market data and are indicative only.  

To obtain an accurate representation of the market, it is best to seek an appraisal from a local real estate agent. You can find a local agent by following the below link:

Estimated values are powered by Proptrack and sourced from realestate.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 customercare@realestate.com.au.

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