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 related-party transactions for a property have been recorded by the council, we will show these transactions on homes.co.nz for that property, but ignore it for the purposes of estimating HomesEstimates in the area.
Android Third Party Licences
Our Android app may include the following open source libraries, which are subject to the terms and conditions of the Apache License Version 2.0, included below. ActionBarSherlock, Copyright (c) 2012 Jake Wharton PhotoView, Copyright (c) 2011, 2012 ...
iOS Third Party Licences & Notices
Our iOS app uses a number of third-party open source software licenced under various licence terms. These licences include The MIT Licence, the Apache Licence v2.0, the BSD 2-clause Licence, the BSD 3-clause Licence, the MWFeed Parser and Google APIs ...
Are mortgagee sales included in the HomesEstimate calculations?
Yes. These transactions are still considered to be a reasonable estimate for the market value of properties in the area and will be included.
How often are the HomesEstimates updated?
We aim to update the HomesEstimates for all homes fortnightly.
Does homes.co.nz delete HomesEstimates?
We do not delete HomesEstimates. We believe that making these value estimates available for everyone to access makes the property market in New Zealand work better and more transparent.