Find out what your Property is worth in the Current market
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with a once in a generation Spike in growth - what could your home be worth
Your FREE property report includes comparable sales, suburb performance and a market estimate for your home.
Property Value Estimate
Get a property value estimate from Australia’s leading real estate data provider. See how the value has changed over the years with past sales. The last two years have seen amazing growth.
the most Recent Sales and Listings
Discover the latest sales and listings nearby to better understand the local market and get an idea of the market value of your property in an instant.
Performance and Insights for your suburb
See how the property market in your suburb has changed over the last 10 years including median property prices, average days on market and auction clearance rates for both houses and units.
Frequently
asked questions
Your property value is determined by factors such as location, local sales, block size, number of bedrooms and bathrooms, the age and condition of the property and other external features such as a swimming pool.
A free online estimate is a quick way to get an understanding of what your house might be worth, however this only takes into account a few factors. The best way to know the value of your property is to have a professional come to your house, with the right service for this dependent on your needs.
The additional factor like the aspect, natural light, street appeal and the need for any repairs or maintenance will impact the value.
If you’re considering selling and want to know what price you should advertise your house, the best option is to have a free market appraisal from your local agent. If you want to know what your house is worth for legal or financial reasons, you will need a licensed valuer to provide a valuation. This will be a much more conservative value, and isn’t what is used if you’re looking to sell.
What’s the difference between a Real Estate estimate and an appraisal? An estimate is just that a guess using comparable sales data and a helicopter view of your property. There are two types of estimates but there is only one appraisal. The different types will depend on the need and whether the property can or has been accessed.
Desktop estimate
As the word explains these estimates are provided using online research and data along with aerial photos and potentially archived historical photos. Drone comparisons with other properties in the same location with similar attributes. There is no physical inspection conducted and whilst these are a guide, they are often not very reliable or accurate .
Curb side appraisal
Unlike desktop estimates these incorporate a drive-by of the property and through the neighbourhood to cross reference your property with the other sold properties pound for pound. In the absence of a physical internal inspection, these curb side estimates can be more accurate.
So, what is an appraisal?
An appraisal is when an area specialist views your home to get a look under the hood so to speak. This form of appraisal allows the agent to get a sense of space, condition, aspect and presentation when factoring in their appraisal price. If you are truly interested in knowing where your property sits in the market is without doubt what you need.
Appraisals are relatively not intrusive and only take 10 or 15 minutes to conduct
At AURA we have a real point of difference with regards to tenanted properties. To get the tenants full co-operation we include a tenant appreciation pack. We get significant improvements to not only the presentation but also maximum cooperation with inspections. Our packs include movie and dinner vouchers typically at the landlord’s expense, but for our AURA landlords we provide this free of charge. We schedule a time to sit down with the tenant and explain the whole process for moving forward we work out a schedule of inspections that are in line with the tenant’s availability and giving them as much control as possible about when we conduct the showings.
We also like to organise collective viewings rather than be back and forth three or four times per week with individual buyer appointments. This can make tenants feel very disrupted, so where possible we conduct showings in the form of an open home to allow minimal disruption to the tenant and at the same time it allows us to show several buyers at once. This evokes competition amongst buyers and proves the property is a ‘Hot listing’.
Pricing strategy is a subject that sellers are always keen to discuss. There are essentially three main pricing strategies:
- Set price
- Offers over
- No price
A set sale price is the most common pricing strategy and is popular with buyers as it offers price clarity and transparency. This strategy does however have some potential drawbacks for sellers. Firstly, a set price can place a ceiling or cap on the ultimate sale figure. For example, if a property is listed at $899K then most buyers will assume that there’s some wiggle room and come in with a lower offer. Some will offer around $850K and a few will even make a cheeky offer around $800K. A good agent will work with these buyers to raise their offer/s and to get to the asking price or above. A set sale price work well when there is a lot of interest and multiple offers, but it can be limiting when there is only one offer.
A second common pricing strategy is ‘offers over’. This approach has become more common in recent years, especially during the 2020 – 2022 property boom. Whilst some buyers aren’t fans of this strategy due to its lack of specificity, it is popular with sellers as it removes any ceiling on price. Whilst a good agent can often achieve over and above a set asking price, it can be easier to achieve when the listing is ‘offers over’.
The third major pricing strategy is list a property with no price. This is understandably the least popular with buyers, but it can have the effect of creating intrigue and attracting buyers from multiple price points. For example, a buyer with a $1.2 million budget is unlikely to look at a property priced at $899k. However, in the absence of price, they may consider an inspection. When we remove price, we increase buyer inquiries and inspection numbers. Whilst some buyers are adamant that they wouldn’t inspect a property listed without a price, consider this example: If there was a small cul-de-sac with three homes for sale at $750K, $850K and no price, and all had Saturday opens, genuine buyers would look at all three.
As you can see, there are pros and cons for each pricing strategy. The strategy that you and your agent employ will depend on the market, competition and personal preference.
With AURA PROPERTY you don’t have to worry about any marketing cost up front. We have a pay on sale scenario, in fact you can access up to $25k if you would like to spruce up your property or have it go towards the marketing plan.
We recently had an seller who had their property appraised at $900,000 and after a $25k refurbishment which included painting, timber deck repair, waterproofing and landscaping, the outcome was phenomenal as the property sold for $1.150 million which was $250,000 more than the earlier agreed appraisal estimate by another agency.
So, you can have peace of mind that if there are few things required to be done around the property then you can take advantage of this offer without the upfront cost.
The market is changing. Find out the value of your property now.
