Suburb analysis - recent property sale tools ?

Discussion in 'Property Information Resources & Tools' started by AyJay, 27th Aug, 2019.

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  1. AyJay

    AyJay Member

    Joined:
    27th Aug, 2019
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    Perth
    Hi guys

    Bit of a newbie here, have a couple investment property's but no expert at all.

    Any tips on software or websites to use to analysis recent sale data. Id like to be able to analyze recent sales of comparable property in a certain suburb in attempt to gain a estimate market value on new listings etc. I've heard comparing recent sales of similar listing in the suburb is one good way to estimate this.

    Once again apologies if this all sounds super rookie!
     
    AyJay, 27th Aug, 2019
    #1
  2. Trainee

    Trainee Well-Known Member

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    Rp data has recent sales reports. A mortgage broker or agent will usually do a search for you.
     
    Trainee, 27th Aug, 2019
    #2
  3. BuyersAgent

    BuyersAgent Well-Known Member Business Member

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    its not rookie and you are already taking action with a couple investment properties so you are ahead of many others. RP Data and Pricefinder are the two tools the majority of investors use to review sales data and make market value estimates. You said you heard that comparing recent sales is good...You are totally right. Recent comparable sales are the best quality data we have to make informed choices about what to buy and at what price.
     
    BuyersAgent, 2nd Sep, 2019
    #3
    AyJay likes this.
  4. The Y-man

    The Y-man Moderator Staff Member

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    If you have narrowed it down to a certain suburb, go to re.com and got do a suburb search of sold then go to the map function. I find this crucial, as prices can vary within the suburb greatly (eg under powerline etc which may not be obvious from a list ) so it gives a visual presentation of what sold when for how much.

    The Y-man
     
    The Y-man, 2nd Sep, 2019
    #4
  5. AyJay

    AyJay Member

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    Hey, guys just seen this, thanks for the information, much appreciated, I'll be sure to investigate and use the tools mentioned!.
     
    AyJay, 2nd Sep, 2019
    #5
  6. Dan Wood

    Dan Wood Well-Known Member

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    Dan Wood, 4th Sep, 2019
    #6