ANZ Property Profile Reports provide a price range estimate sourced from PropTrack Pty Ltd. These estimates:
Provide a price range estimate on listed and unlisted properties
Adapt to changes in the real estate market
The price range estimate is calculated by PropTrack fluid models. It’s different to a valuation and it’s important to understand the differences before you make an offer.The property price range estimate in an ANZ Property Profile Report is:
NOT a guarantee of what the final property sale price will be, but rather an estimate. On this basis you should consider carefully the price you are planning to pay and or bid for a property.
NOT a valuation which may be required to assess how much a bank is willing to lend you. The valuation amount for a property can be different to the estimated or predicted price.
The PropTrack estimate is based on many variables as mentioned in the ANZ Property Profile Report, which includes available public sales history and features such as property location, including proximity to services (e.g. train lines); property attributes, including bedrooms, bathrooms, parking, land size etc.; and property features, such as balcony, pool and timber floor.