10 sites that help you work out property value
Whether you’re interested in moving or just want to get a sense of your current holdings, understanding your home’s value can be useful.
You can visit a real estate agent for some tips, but they will likely charge you a fee for their consultation.
Thankfully, several websites provide accurate home value estimates for free.
Here, we’ve chosen ten of the best options for finding out what your home is worth.Compare & Save
Domain gives users the APM PriceFinder tools that banks have been using to estimate property for years.
The site offers price information for over 13 million properties in Australia.
With these tools, you'll be looking at the same information that the bank sees when evaluating a property.
The Domain site and app also lets you view similar properties to yours, or ones you're interested in.
If the house hasn't sold in a number of years, the best way to gauge a reasonable price will be to look at what the neighbouring houses have gone for.
Property Value strives to give users the most up-to-date home valuation information online.
They, like Domain and other sites, offer users the same data that big banks look at when determining property value.
You can view for-sale and rental properties, and use their map feature to sort price by neighbourhood.
They use their information to give investors pros and cons of each area and track the present trends in each neighbourhood.
Property Value is one of the most comprehensive house value websites for Australians, covering 98% of all properties in the country.
Real Estate View
Real Estate View provides an interactive home value calculator called "Property 360".
This tool gives you a close assessment of what your property is worth in real-time.
You can customise your results after searching a property by adding extra information.
If you're considering renovations, for instance, you can use the Real Estate View calculator to see how they will affect your home price.
OnTheHouse.com.au is one of the more popular house value websites for Australians.
You can use their online portal or their Android and iOS app to receive free, calculated estimates of your home's value.
This website covers more than 12 million homes in Australia, so chances are they'll have a listing for your home.
OnTheHouse doesn't stop there, however.
Their staff analyses suburb and neighbourhood trends to see who is buying and who is selling to give you a better idea of your local market.
You can also sign up to receive a monthly snapshot of how your suburb is performing.
This feature allows you to see for-sale and rental properties around your desired location.
OnTheHouse can also assist you in finding a local real estate agent if you're on the market for a new home.
On RealEstate.com.au you can claim your home and track the price over time.
You can even sign up for alerts to find out the current trends in your neighbourhood.
The site also offers users expert advice that can tell them whether they should sell or hold-off until the local market improves.
Home Guru takes a few more steps than a simple address search that other websites commonly use.
With Home Guru, you'll receive an entire report on your home, including the property value, neighbourhood trends, and recent sales of similar homes.
If you're looking to sell your home or buy a new one in an interesting location, this site can also connect you with a local professional.
OldListings is a fantastic negotiation tool you can use when you're looking for a new house to purchase.
This site isn't as useful for finding your current home's value, but you can use one of the other options we've listed for that.
OldListings looks back where other sites do not.
It shows you the history of listings at a particular property, so you can find out if it was ever listed at a discounted rate.
You can use this information during the negotiation process on a new house.
You'll be able to tell if the property has been on the market for a long time and if the owners discounted the price in the past to try to entice potential buyers.
DSRData takes a unique approach to property value.
It looks at supply and demand data in a particular area to see how well your home will sell if you choose to list it.
It's one thing to understand the potential value of your home -- it's another to find out whether or not people are interested.
DSRData gives your neighbourhood a score based on the supply vs. the demand.
You can use this information to test the market and find out if it's an appropriate time to list your home for sale.
MicroBurbs is another tool that gives you more than just the value of your selected property.
The site gives users a full report of the market trends, crime rate, and median income along with their property value estimates.
You can use this tool to gauge your own neighbourhood or use it on a property in which you're interested.Compare & Save
This guide is opinion only and should not be taken as financial advice. Check with a financial professional before making any decisions.