
When building your knowledge of local property prices, one of the key pieces of information you must seek is data on sold properties One of the best ways for you to determine whether a property represents value is to build your skills in pricing the market. Looking at properties currently for sale will go some way to helping you understand this, but there is no better substitute than actual data on properties that have sold.
You’re able to get some data on SOLD property prices from www.realestate.com.au There is a facility to search the sold database for each specific area. The sold data is data representing sales from the last 6 months.
There are other sources of data that you can use, such as Home Price Guide or RP Data reports (as well as other guides). These can provide data over longer time periods.
At this point I’m going to recommend that you visit our website and download a FREE Market Analysis Report (for any suburb in the Hornsby or Baulkham Hills Local Authority). The cover sheet of the report outlines the info. that you get: -
Past Sales Showing properties that have sold and their prices over last 18 months in the requested area. The address is provided, along with the sale price, sale date, and the property size. This information is useful in understanding what price was actually achieved.
Properties for Sale Showing properties currently for sale in the requested area. The latest advertised price is shown, along with the address, list type (normal sale/auction), attributes of the property, and property size. This information is useful in understanding what price is currently being asked for properties on the market. Note, at the time of printing, some of these properties may sold.
Statistical Analysis Providing an Area Profile, Area Map, Demographics, Recent Median Sales Prices, and House Statistics (for a range of property sizes). Note – due to limitations in our source data, the statistics do not include properties on acreage.
For a few minutes worth of effort you’ll have the SOLD data for free!