Hi, I’m in the market for property reports for purchasing within Sydney.
I heard Core logic does some promotions offers for yearly subscriptions. Is there a way I can opt into property valuations for free or a sale on their yearly subscriptions?
ING has an affiliation, but I can only search 3 properties.
Brokers will usually provide you the report for free if you’re already working with them.
But as said above, the info on realestate should be more than enough.
Google ing core logic. You’ll find what you’re looking for there
RP Data for Residential Real Estate $198 for a single month. It's used by the real estate profession, have never seen it given away for free and there's no reason they ever would. If you can find a third party to run a report for you it may be inaccurate unless your property has changed ownership recently and a user has updated your property details and condition. I purchased my home in 1992; renovated, extended and landscaped some years later - RP Data doesn't know this.
ING has a affiliation but I can only search 3 properties.
Just put in another email and phone number, you don't seriously use your real details?
You used to be able to get free reports off ANZ, not sure if they still do them.
Try this. https://propertyinsights.nab.com.au/home
Once you have done the estimate, a link to full property report will appear and then you could request for one.
property.com.au is also a good website
Do you have a broker? Ask them
Mine sends me property reports and suburb guides whenever I want to ask
Search for the property on google, click the property profile link. If you scroll down on this page, a livechat type box comes up to "Send me property report"
https://www.domain.com.au/property-profile/30b-o-keefe-cresc…
That report doesn't include a valuation, because it may not be able to access current information about the property being searched. So there's no way of comparing to similar properties in the area. We aren't able to effectively DIY real estate in this country.
Try google.com.au and search for this thread's title text.
Guys I’ve been researching a lot and asking my broker at random times is not possible. He’s not always prompt in giving me the details.
I liked a property and the bank is sending someone tomorrow. The apartment is brand new and I can’t seem to find any data. How does a valuer value a property? I’ve been told if you have a huge deposit bank valuer doesn’t care.
Also recently I found a townhouse on March 2023 it was sold for $1.1m and in May the next townhouse same size and inside work got sold for $1.4m.
It’s just unbelievable. Did the bank even value the property that high in 2 months?
Guys I’ve been researching a lot and asking my broker at random times is not possible. He’s not always prompt in giving me the details.
Get a new one..
I’ve been told if you have a huge deposit bank valuer doesn’t care.
False
apartment is brand new
Oh (profanity), definitely will need a manual valuation then, it might fall down tomorrow.
This may not be helpful, just speaking of my own experience. But when I had loan pre-approval with HSBC, I was able to email my "relationship manager" to generate a property report for me. By the end, they had probably generated 20+ reports for me.
If you have pre-approval with a bank, might be worth a quick email.
Hi Op, I am assuming you are after the property profile reports and not an actual valuation of the property done by a real person(valuer) visiting the property. ANZ provides them for free. Just put a valid email id and dummy phone number etc if you don't want ANZ sales people to bother you. Just search property profile report on ANZ.com
Do you have the full link?
The valuer went in and valued the property we were looking at 150k less than the agreed price.
This is so stressful after competing with tons of people and getting the vendor to agree on a price. Transferred 0.25% only to see the property was valued less. I really can’t afford to keep losing 0.25%. What do I do moving forward?
There are two different thoughts:-
Depends on what you believe. The value of the property is what a person is willing to pay for it. Everything else is just an opinion.
How do people buy properties without risking the 0.25% deposit? It’s a painful experience getting the vendor to agree on a price. After that you only get 5 day cooling off period for the valuations and solicitor to do everything.
I’m so worried that I’ll keep trying and bank doesn’t value the property to agreed price.
What do I do?
Are you choosing to sign unconditional or being pressured by the vendor and their agent?
No I’m trying to purchase through private sale not auction. I’m not sure if I under your question.
I’m following the normal sales guide of 5 day cooling off period.
Apologies, I work in real estate admin in Qld. You'll need to consult an agent about negotiating a longer cooling-off period and including a "subject to finance" clause. This is a pretty standard thing here but laws differ in each state.
@sumyungguy: Thanks mate. In NSW in my humble experience 5 day cool off is standard and 0.25% in non refundable.
Commbank (and other banks I assume) can give you their indicative valuation of the property beforehand. Generally this is higher than what the property is worth, so just make sure you don’t get too close to that amount and you have the required lending power.
Sold properties on realestate.com.au typically has enough data for the average punter.