Property value estimates are a key point of interest for consumers researching property information, and where possible, property.com.au will display the value estimate for every property.
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.
A property may not show a value estimate if there is insufficient data to support the publication of a valuation.