Aussievaluer vs Homepriceguide for 2775

[ellie]

I have been researching postcode 2775 and using both the free online property data sites I know of (home price guide and aussie valuer), I get way different results. I really don't think it is differences in dates, median or mean, houses or units etc that could cause this. All the other postcodes I have looked up have had prices in the same ballpark. Has anyone else experienced this problem?
Neither site gives the number of houses/units contained in their numbers. I know I could get to the bottom of this by buying the complete data for the suburb but was hoping I could work this out without doing this - it makes a difference to whether I might be interested in the area or not.

thanks all
ellie

 

[Rolf Latham]

Hi ellie

The source data is one and the same - The valuer generals Stamp duty data base.

If you are getting way diff results then its due to the way the data is being played with.

For my money I find the most scientifically based methods and approaches are from the Residex stable. DO I sell the stuff, no, do I use it - yes - daily.

Like with all numbers, its only one tool in the toolbox, often the numbers can mean absolutely nothing.

ta

rolf

 

[Les]

G'day Ellie,

I've used AussieValuer for some years. It has good features that others don't (yield for area, and 5 years of data).

BUT, I can tell you that the last time Aussievaluer figures were updated was early Sept 03, while HPG is updated monthly !!!

Thus (without looking) I would guess that AV would be showing a lower figure than HPG. By the way, the Aussie site states that "prices are valid as at time of your request" - or some such words, but, at the same time, they state "figures are updated Quarterly (i.e. every 3 months!!!) - which seems to me to contradict the earlier statement !!!

Add to that, if they WERE updated quarterly, then I should have seen updated figures around the beginning of Dec 03 - I'm STILL waiting !!!

Hope that helps,

Regards,

G'day Rolf - just noted your reply. In a "cut-and-paste" from Aussie Valuer, it says "The service is provided by Residex, an independent organisation!" But it seems to be "doctored" in its presentation (and its timeliness) by Aussie themselves...