澳洲Australia property RPDATA in Facebook | Sydney
在澳大利亚 Does anyone have recommendations for a floor sander tradie? Am about to rip up the carpets in an IP and need someone in the next few weeks to sand and polish the floor boards. On that note, when in the renovation sequence do you get this job I have just purchased an apartment. The conveyancer has advised that i do not need to do a pest inspection report as my apartment is on the ground floor we have done a building inspection report and everything seeme to be fine. it is an old
I read from AFR that RPDATA gives free property valuation and apparently some banks are accepting this in loan application. Is this true? Has any tried this? Wonder how accurate the valuations are.
Also I read that valuators are upset with this new online tool. Maybe they are just threatened that one day their jobs will be made redundant. I'm not a fan of valuators. They have given us grief in the past.
LOL i doubt that an online valuation would suffice for banks....that would be in never never land
Yep, I got it to work after a long time searching for it..
Regarding the accuracy.. for the 3 vals that I chose (in Brisbane), they're very generous. They give a "range", so the true val I think is the bottom of the "range". Also there is a "confidence level" - labelling it "high" for Bisbane is also way of the mark I reckon..
We use Residex CMA with similarly scattered, but often OK results
Most lenders valuers laugh at us when we try and compare like to like in comparables
RPData and Residex reports are based on statistics. Nobody actually visits the property and the results can vary substantially depending on the quality of the data.
Some lenders do use these services within a narrow range of parameters for their own online valuation but you cannot rely on the results of these reports and you cannot rely that lenders will always except them. They are not proper valuations and are definitely not a substitue for proper due dilligence.
Use them to compliment your research, but don't expect valuers, vendors or agents to agree with the figure on the front page.
As PT said - when treated as part of an overall due diligence process, the reports aren't too bad.
I particularly like the comparable sales that they list - they can often help when negotiating with REAs.