What is your house worth?

Herald Sun - Property - - NEWS -

WORK­ING out just how much your house is worth or how much the dream home you want to buy might sell for can be dif­fi­cult.

But if you are in the mar­ket for a new prop­erty or just want to check out what homes in your area are worth a new tool launched on realestate.com.au gives you all the in­side info.

Ev­ery prop­erty in Aus­tralia, whether it is on the mar­ket or not, has a ded­i­cated page which re­veals what it last sold for and, if not al­ready listed for sale, gives a price es­ti­mate of what it could sell for in to­day’s mar­ket.

You can check out neigh­bour­ing prop­erty val­ues, what fa­cil­i­ties are in the area, re­cent sales and even the clos­est schools.

REA Group chief dig­i­tal of­fi­cer Henry Ruiz said giv­ing price es­ti­mates for prop­er­ties not cur­rently on the mar­ket helped peo­ple un­der­stand what a prop­erty could be worth.

The es­ti­mates are based on sim­i­lar prop­er­ties in the area and there are links to agents who can pro­vide more de­tailed ap­praisals.

“When you’re start­ing to think about buy­ing or selling, we ap­pre­ci­ate there can be a bit of guess­work about what a prop­erty might be worth,’’ he said.

“With a page for ev­ery prop­erty in Aus­tralia, we’re mak­ing it eas­ier to re­search the mar­ket where you can see the pre­vi­ous sold his­to­ries, re­search prop­erty val­ues and mon­i­tor what’s hap­pen­ing in your lo­cal mar­ket.’’

CoreLogic RP Data pro­vides the price es­ti­mates for realestate.com.au.

CoreLogic ex­ec­u­tive gen­eral man­ager Greg Dick­a­son said ac­cess to price es­ti­mates helped peo­ple make good prop­erty de­ci­sions.

Prop­erty prices are just a click away us­ing realestate.com.au.

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