HomesEstimate

An estimated value for an individual home.

Calculated from recent sales and public data, it’s a starting point in determining a home’s value and is not a formal valuation. The HomesEstimate is calculated monthly.

What is the HomesEstimate?

The HomesEstimate is our estimated market value, computed using a proprietary formula. It is not a formal valuation. It is a starting point in determining a home's value. The HomesEstimate is calculated from public data only. For a formal valuation your real estate agent or registered valuer physically inspects the home and takes special features, location and market conditions into account.

We encourage buyers, sellers and homeowners to supplement the information provided here by doing other research such as:

  • Getting a comparative market analysis (CMA) from a real estate agent
  • Getting a formal valuation report from a professional property valuator
  • Visiting the house (whenever possible)
  • Getting a building inspection carried out
  • Obtaining the local council Land Information Memorandum (LIM) report