Property value and rental income estimates FAQs

Where can I find property value and rental income estimates?

Property value and rental income estimates are available on off-market property pages (i.e., pages for properties without an active sale or rental listing on Allhomes) as well as in My properties.

If you would like to view the estimate for an off-market property, simply search for the address on the Allhomes site.

If the property you’re interested in is on-market (i.e., currently has a live sale or rental listing on Allhomes), you can still access its value or rental income estimate by following the property via the My properties page. Once you’re logged in and following a property, its value and rental income estimates will always be visible whether it’s on-market or off-market.
 

How are estimates calculated?

Price estimate ranges are calculated based on a range of data including:

• Most recent sale date for the property
• Available data on neighbouring property sales
• Similarity of neighbouring property sales to this particular property

Price estimates are calculated using many sources of data, including publicly-available data, our own price estimate model and sometimes information given to us by home owners. They're also based on the most recent sales data for the property, and other comparable homes.

Estimates can be less accurate if the property is unique or does not have many (or any) similar properties to compare it to in the area, or if there's little public record data. You can also get an appraisal from a local expert, for a better understanding of your home's value.

Our Rental Estimate is a model-generated guide to a property's potential rental income. It is calculated by our Automated Valuation Model (AVM) which analyses the advertised rental prices of similar, recently listed properties in the local area. We show two values, the estimated Weekly Rent for a property and the Rental Yield.

Our Rental Yield figure is the estimated annual rent expressed as a percentage of the property's estimated value. The figure shown is a Gross Yield, meaning it does not account for property expenses (e.g., strata, council rates, maintenance).

The accuracy level (e.g. High, Medium, Low) indicates our confidence in the estimate and depends on the quality and volume of comparable property data available

What does High/Medium/Low accuracy mean?     

The estimates include an ‘accuracy’ tag, which is based on how much relevant information is available for us to produce the price estimate.

When you see ‘High’ accuracy displayed, it means we have a large amount of recent and relevant data on the property and that we are quite confident this estimate is very accurate.

When you see ‘Medium’ accuracy displayed, it means we don’t have as much recent data required to display a ‘High Confidence’ tag, and the estimate will be less accurate.

When you see 'Low' accuracy displayed, it means we have very little recent data.

‘No estimate available’ will be displayed when we have insufficient data for an estimate.

Other statuses you may see are: 'Recently sold', 'Pending review' or 'Flagged for review' 

For Rental Estimates, our accuracy level (e.g. High, Medium, Low) indicates our confidence in the rental estimate for a property and depends on the quality and volume of comparable property data available.

Why is there no estimate available for a property?

Where a property does not have an estimate available, it is because we are unable to generate one of acceptable accuracy, due to insufficient applicable data availability for either the property to be estimated or lack of appropriate comparable properties.

Also, if there is low turnover for the area or a low amount stock available within the area (e.g. rural areas), there may be an insufficient amount of information to calculate an appropriate estimate.

In some cases, we do not have an estimate because the information we have regarding the property type and number of bedrooms, bathrooms and parking spaces come from historical data records from when the property was previously sold or listed for sale / for rent.

My property attributes are incorrect

To update Property Profile attributes, please submit a request via the Domain Help Centre. This streamlined process ensures your data is updated simultaneously on both Allhomes.com.au and Domain.com.au.

The estimate is not right for my property

We provide these property price estimates as a free feature, to help homeowners understand the possible value of their homes and to help property seekers understand the possible value of the home they're looking to buy.

Our automated price estimates are generated using a vast amount of data from various sources, including publicly available records, government data, and recent sales of your property and comparable homes.

It's important to remember that our estimates are guides, not formal valuations. They may not capture every unique aspect of your home, especially if:

• Recent improvements: you've made renovations or significant changes that aren't yet reflected in public records, our estimate may not account for them.
• Unique properties: your home has very few direct comparisons in your area, or there is limited public data, which make it harder for our internal valuation model to accurately estimate your home's value.

Rest assured, our estimates update automatically when new, relevant information (like a new sale or listing) becomes available in the public domain.

To get a more precise estimate and understanding of your home's current market value, especially after improvements, we recommend seeking a professional appraisal from a local expert, which you can search for on the Allhomes site.

I have made improvements to my home which are not reflected in the estimate

Our price estimates are designed to provide a helpful guide based on available data. They are dynamically updated whenever property data is refreshed by one of our trusted data sources, such as when a new sold price is received from the government or when an agent lists the property for sale or rent. Where a property has been substantially renovated or rebuilt, the historical public information may no longer accurately reflect its current state.

Improvements to your home, such as renovations or additions, may not be immediately reflected in our automated price estimates. This is because the information we have regarding the property type and core property attributes (like the number of bedrooms, bathrooms and parking spaces) come from historical data records – typically from when the property was previously sold or listed for sale or rented. Allhomes’ public-facing website and property profiles are designed so that property attribute information is only updated when this information is updated by one of our trusted sources, for example, when a sold price is received from the government or when an agent lists the property for sale or rent. Whenever your property data is refreshed by one of our trusted data sources (for example, if your property is listed for sale or rent), the information will automatically be updated.

My properties: 

You can update certain property attributes (bed/bath/car) in My properties. It’s important to understand that changes made in this section are for your personal reference only and will not be visible on our public-facing website or within property profiles that other users can access. This feature is intended to help ensure that the properties displayed to you are more relevant to your personal circumstances. For example, if your property attributes have changed or differ from what is shown in our system, this tool allows you to customise your view without affecting the broader database or public listings. Ultimately, it serves to provide you with a more tailored and accurate experience.

If you are considering selling your home and would like a more precise estimate that accounts for any recent renovations, we recommend reaching out to a local real estate agent for a professional appraisal. You can search for agents in your area on our Find agents page.

I want my property removed

See this article for more details: I want my property history removed

A recent sale is missing

It can take up to 3 months for the sale data of a property to come through from the Government if the property has recently transacted.