Difference between estimate valuation from CBA app vs CBA report

Discussion in 'Property Information Resources & Tools' started by FrivolousPanda, 9th Oct, 2020.

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  1. FrivolousPanda

    FrivolousPanda Well-Known Member

    Joined:
    21st Sep, 2016
    Posts:
    256
    Location:
    Sydney
    Hi,

    I noticed that the property I was looking into had a 20% disparity in midpoint estimate between CBA's app and the CBA report provided to me by my broker.

    This is more a matter of curiosity given these valuation estimates from these reports are to be taken quite loosely as it's better to form your own judgement by seeing home opens and tracking properties.

    Thanks,
    Panda
     
    FrivolousPanda, 9th Oct, 2020
    #1
  2. marty998

    marty998 Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    627
    Location:
    Sydney
    I own a unit in a block of 34 two bedders. All substantially identical.

    CBA values them all on their app between $550-600k, except for my one at $526,000.

    It's bloody maddening. So I just edited the value in the Portfolio view :D
     
    marty998, 23rd Oct, 2020
    #2
  3. FrivolousPanda

    FrivolousPanda Well-Known Member

    Joined:
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    Location:
    Sydney
    Did you get it at a good price which may affect the algorithm?
     
    FrivolousPanda, 23rd Oct, 2020
    #3
  4. marty998

    marty998 Well-Known Member

    Joined:
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    Location:
    Sydney
    I thought I paid a little less than MV. But that was 6 years ago!
     
    marty998, 23rd Oct, 2020
    #4
  5. FrivolousPanda

    FrivolousPanda Well-Known Member

    Joined:
    21st Sep, 2016
    Posts:
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    Location:
    Sydney
    Maybe you thought wrong and actually got a better price than you think. Or the app is just wonky.
     
    FrivolousPanda, 23rd Oct, 2020
    #5
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