There is a new home value estimation, called ozhomevalue. To check it out, my wife applied, and received a printout of data from RP Data showing all the sales in our postcode over the last few months, including 3 and 4 bedrooms and a block of land. Our house has six bedrooms, so this wasn't a lot of use to us. Also of course you don't know anything about the condition of any of these homes. Why did one four-bedroom house sell for $632,500, another for $1,240,000?
The email report we received says we will be given "an estimated price", and in a follow-up phone call the caller confirmed this estimated value would be given without entering our house. How can they do that? Some houses have been extensively and expensively refurbished, with no external sign of that, yet surely that must affect the sale price? We wait with interest for this estimation of our home's value.
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