What is pricefinder?
We have taken the guess work out of property estimations, with the introduction of pricefinder. Pricefinder is a simple Automated Valuation Modelling (AVM) application that uses the most recent comparable sales and property statistics to provide you with our best price estimate for any property.
Who's it for?
Use pricefinder to assist with market estimates in CMAs and Vendor presentations, determine capital values for property management clients or to quickly perform quality assurance on valuations.
Sign up to our platinum package
Pricefinder is now available for free for pdslive.com.au platinum members. We believe that pricefinder is an invaluable tool in aiding you with your property estimations. Get a free trial today!
How does pricefinder work?
Pricefinder calculates price estimates based on 2 methods:
- Index methord, uses the lastest sale price adjustment to current market value according to suburb growth.
- Regression-based method, uses statistical analysis of recent comparable sales.
The Index method, uses the property’s locality's growth since the property’s last sale date until the estimate date. If, for example, the locality experienced a 8% growth over this period, the property’s last sale price will be increased by 8%.
The Regression-based method, searches for comparable sales within 1.5km over the past 12 months, and then calculates the price estimate based on the property’s land area, number of bed, baths and parking and other attributes in comparison to the comparables sales' attributes including sale prices.
Pricefinder the uses a combination of the above methods to estimate the property’s value
