Are related-party transactions included in the HomesEstimates calculations?

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 for that property, but ignore it for the purposes of estimating HomesEstimates in the area.

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      Yes. These transactions are still considered to be a reasonable estimate for the market value of properties in the area and will be included.
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      We aim to update the HomesEstimates for all homes fortnightly.
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      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.