Check out property listing sites.
They’re a great way to check out the recent home selling prices in your location.
Browse local agents’ websites.
Many of them list their most recent results on their sites or in ads.
Head out to auctions.
It's a great way to observe buyer behaviour, sentiment and trends that you can't get a sense for online. And the turnout alone can help set your expectations. Just don’t stretch or practise your Saturday Night Fever moves when the bidding starts.
Download a property report.
Property reports provide a detailed breakdown of the sales in your area, including individual properties. Reports differ depending on who provides them (realtors, valuers, finance companies, etc.) but you can generally expect handy information like:
- the total number of properties sold in a suburb and the average selling price in the last 12 months
- the average asking price compared to the average selling price (a great indicator of how a property's time on the market can impact what buyers are willing to pay)
- specific details for individual properties, like the number of bedrooms, car spots, etc. so you can make comparisons from similar properties to your own.
If you’re looking for insights for your area, download free NAB Property Reports to get the inside edge.