Are mortgagee sales included in the HomesEstimate calculations?

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• What are the various Council sales types?

  According to Local Government (Rating) Act 2002 all sales transactions needs to be notified to the relevant Territorial Authority (Local Council) as these sales records form part of the next Rating Valuation assessment. Also note that the sale data ...

• My HomesEstimate is too low or high?

  The HomesEstimate is a starting point in figuring out the true value of a house. The amount of data we have for the house affects the HomesEstimate accuracy. Price history and property facts: Check to see if your price history (the sale price and ...

• How accurate is the HomesEstimate overall?

  The HomesEstimate's accuracy depends on the availability and accuracy of council and sales data in an area. The accuracy percentages are calculated by comparing our HomesEstimates to recent sales in the area. An up-to-date accuracy estimate for the ...

• Are related-party transactions included in the HomesEstimates calculations?

  No. The HomesEstimate is intended to provide an estimate of the price that a home would fetch if sold in a full-value, arms-length sale (e.g. the sale isn't for partial ownership of the property or between family members).   This means that when ...

• Why is median sale price in market insights different from my HomesEstimate?

  The median sale price and the HomesEstimate are two different numbers calculated in different ways. The median sale price is simply the middle value in a range of other values. For example, you claim a 3 bed, 2 bath townhouse in Waiwhetu. Based on ...