Few numbers get more attention in Australian real estate than the median house price. It is also one of the least well understood.Data providers release suburb and city median figures on a monthly basis and those figures circulate widely. What starts as a statistical output from a data provider ends up shaping the financial decisions of buy… Read More
Homeowners seeking a property appraisal generally expect to walk away with a single number. The reality is a range informed by market data, interpreted through judgement, and subject to variation depending on who conducts the assessment.The question of what a house is worth sounds simple. The process behind answering it is not. Sellers who … Read More
The Limitations Behind Automated Valuation ModelsMost sellers check an online estimate before speaking to an agent. Understandable. Also where the first pricing misconception usually starts.That is the extent of their input. No inspection. No condition assessment. No awareness of what has changed inside the property or how … Read More
The Judgement Layer Behind Every AppraisalMost sellers assume a second opinion will confirm the first. Sometimes it does. Often it does not. That gap is worth understanding rather than dismissing.The data is public. The methodology is consistent. What varies is the interpretation of how that data applies to this property, i… Read More
What a Property Appraisal Is and What It Is Used ForMost sellers have heard both terms. Fewer know what distinguishes them. Property appraisal and formal valuation are used interchangeably in everyday conversation, but they are different assessments produced by different people for different purposes - and confusing them can lead t… Read More