It’s a question we get asked all the time: “I looked up my property on an online tool—how accurate is the valuation?”
The truth? Auto valuations can be a helpful starting point, but they’re rarely spot-on—and sometimes, they’re wildly off the mark.
Auto valuations are generated by algorithms using recent sales data, market trends, and property records. You enter an address, and it instantly provides an estimate or a price range. On our own website, for example, you can now access this tool. The result is colour-coded—green, orange, or red—to indicate the estimated accuracy.
Green means “go”—you should be able to rely on it.
But in reality? We’ve seen plenty of green-rated valuations that miss the mark by a long shot.
To be fair, these tools can provide useful insights:
They’re quick, easy, and a great way to start thinking about your property’s value.
There are many crucial factors an algorithm simply can’t account for, such as:
These are the elements that buyers notice—and they significantly affect price.
If you’re just curious or want a ballpark idea, an online valuation tool is a good place to start. But if you're serious about selling, refinancing, or simply want to understand your property’s true market position, your best next step is to speak with a local real estate professional who knows the area—and your property—inside out.
I'd be happy to pop over to your home to offer a free, assessment that considers all the things an algorithm can’t.
Feel free to contact me to book a time on 0413 009 962