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Onthehouse for my ppor is at least 100k out (too low)
Excellent idea! I think i'll do that too. I suppose the more people that do this, the better websites like this will get.I've recently "claimed" a couple of houses we own or control
Excellent idea! I think i'll do that too. I suppose the more people that do this, the better websites like this will get.
No but all the houses are way too low in the area. Shows my price as 70k less than I paid a year ago, and thanks to the western sydney boom its worth 70k more than what I paid for it
My personal piece of advice
do not even look at these valuation sites or onsite valuations,
they are often so wrong, we are talking 50% off, and so even if it was right, you shouldnt be trusting it,
the only possibility of use is when you are comparing two very close by properties and then judging by the difference in price, then you can work out which is better, BUT on onthehouse, people/owners can submit what they think their is worth or how much it sold for so once again it can change greatly
I think even looking at these figures is a very dangerous game
4B Yeo St, Neutral Bay, 2089...
OTH value: $877-989k
Sold 14.4.14: $1.31 million.
Whoops, missed. Also, are you kidding?
No. I'm not kidding (if you are asking me).
Sorry, bad context on my part there. No, the kidding bit was the price for that sized property. A year or 2 ago you could have bought much bigger houses & land just around the corner for the same or less.
It's also opposite a busy corner.
I know websites like this are very rough guides at best, but I've been monitoring some properties i know well, and sometime in the past week or two, their values have jumped up by 20, 30% to values that are not realistic. anyone else noticed? do we know why?
My folks have a piece land valued at $1.5m based on that website. Only a triple frontage across 5 addresses, 800sqm land in the middle of the CBD opposite BHP HQ and with laneway access to Chinatown; can probably get permits to build 70 stories.