Hi,
I just like to ask people, when doing due dilligence and researching comparable sales data, since we live in Victoria, I am unable to get sales data for Private Treaty sales. Its easy to get auction results and etc but that only covers about 70-75% of the market.
I would like to know 100% of past sales data of a target suburb just to be exactly sure.
Your help would be much appreciated.
Is there a way around it?
Regards
Thanks Michael & Kaye,
I also have tried those sites but they just give you an indication of how much the properties are through ‘lower median or upper median’ house prices.
I ‘m sort of looking for exact sales data in Vic.
http://www.homepriceguide.com.au is the best one I have found so far but they wont tell you private treaty sales.
Thanks for replying
Vinh
Hi there,
From my research when doing some links, you can find the data, but on a ‘user pays’ system. Or you could do it the hard way, like I used to do, which is to get a copy of the newspaper after auction and private sales and do a list of prices for a certain suburb and then do an average, median sum. It’s hard work and not as accurate.
Just a suggestion albeit an archaic one.
Cheers
Sooshie [
]There are no problems, only solutions
The best way to find out values is to hit the pavement. I no it is labour intensive but from a sheet of historical prices doen’t help. I bought historical data of home price guide and it was next to useless.
I think private treaty sales are sales that are not listed with an agent ie FSBOs (For Sale By Owner) or individual to trust/company. I got one of those price guide reports and a property we had bought last year was listed in it and we’ve never bought at auction. So some of these reports may contain up to 95% of sales data depending on how many FSBOs you have in your area.
I think private treaty sales are sales that are not listed with an agent ie FSBOs (For Sale By Owner) or individual to trust/company.
A private treaty sale is simply the form of sale where offers made on a property are not public knowledge like they are at auction. Basically any property that is not put to auction is a private treaty regardless of if its with an agent or an FSBO.
Cheers,
Mathew.
Hi Everyone,
Valuers are faced by this problem aren’t they? I did a Real Estate course with Tafe a while back and they had access to a Land Title office database which could spit out ALL the sales for the last 12 months for a suburb or for a “2km radius” from the property selected. I think there is a cost to subscribe to this database. Most valuers should be subscribed. While doing the course I did a search for my house in Russell Lea (Five Dock, Sydney) and it gave all the sales data for Five Dock and its surrounding suburbs (several pages, 10 or so I think). Since this was a while ago can someone (possibly a valuer??) confirm this?
Otto Dargan
Home Loan Manager
Mortgage House Five Dock
02 97128988The real estate agents in NZ will give you a print out of a couple of pages (depends how big the area is!) of the last houses they sold in the area, with the GV/CV and the price they actually sold for. Then you can figure out what a realistic price should be. In a lot of the areas I am looking in property is sold at 10 percent or 20 percent under GV.
I have also noticed that prices drop in winter and rise in summer…seems kinda obvious really but I have never heard anyone mention it
cheers-
MiniMini Mogul
I think we’re on the same page re: NZ
Maybe we can discuss
My details are [email protected]
Cheers
David U
]
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