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Get your free property value estimate

Buying or selling? Learn the value of your home or a property you're looking to purchase.

Free home price guide with property value estimate and history


View millions of properties

Search over 12 million Australian properties in our growing database provided by the Australian and New Zealand leader in property assessments, Insight Data Solutions.


Property price estimate

Receive the same detailed estimate of your property that real estate agents and property developers do based on local sales, trends and more.


Sale History

Get the full sales history of any property including the average days on the market and see how fast nearby properties sell.


The benefits of a property estimate

A free property report can be valuable to buyers, sellers, or anyone else interested in more information about a particular address. The report will give you insider details, including the estimated property price, sale history, and other recent sales in the area. 


You can then use this information to help you narrow down your property search and decide if it’s the right property for you, or to estimate your property’s value if you’re thinking of selling or refinancing.

What is a property report?

A property report is a detailed document that provides you with information about a specific property, including its estimated value, sales history and details about the area. You can get a free property report on RateCity, or most real estate websites, which will include helpful information regarding the property you’re looking at buying or selling.  

In your free property report

The exact information in your free property report may vary depending on where you get it from. Generally, you’ll find details such as:


  • General property information, such as the year it was built, general condition, the number of bathrooms and bedrooms, a floorplan, and some property pictures.
  • Estimate of the property’s value based on previous sales history and recent sales of similar properties in the area.
  • Historical details like the property’s previous sales, how much it sold for, and the number of days it remained on the market. 
  • Details of other similar properties on sale or were recently sold in the area you searched for. You might even find information like the number of houses sold, the median price and how property values and rental yields have changed over time.

How can you use your free property report?

If you’re planning to buy a property, you can get a free property report from RateCity. In this report, you’ll find all the relevant information you need to narrow down your search and make a well-informed offer.


A property report can help you by giving you helpful information to guide you through the buying process. For instance, the location or suburb information in a property report can help you decide whether it’s an area suited to your lifestyle. It will include details like the schools in the area, the number of parks, population demographics, and may even have the crime rate. 


You’ll also get information about recent sales in the area, which will help you understand the price you may expect to pay. It will have historical sales data like the number of sales when it was sold and how much. By reviewing the past sales, you can gauge whether the price you’ve offered or that the agent has offered as the expected sales price is reasonable or not. You’ll also find pictures of the interior and exterior of the property. This will give you an idea of the general condition of the property. This will include the floorplan to see if it fits your family’s requirements or if you’d need to undertake any major renovations.


Information about recent sales in the area can help you understand the price you may expect to pay. By reviewing the past sales, you can gauge whether the price you’ve offered or that the agent has offered as the expected sales price is reasonable or not.  


Even sellers can benefit from getting a property report. It will help them get a realistic estimate of how much their property may be worth in the current market based on recent sales.

Limitations of an online property report

A property report is an excellent tool for preliminary research and property comparison. However, you must bear in mind that online property reports are automatically generated. This means the information might not be adequate to give you the complete picture of a property. The information may also be out of date or not very detailed, which lowers the property report’s usefulness. Furthermore, the property’s value estimates are primarily based on the available suburb data about recent sales for similarly-sized properties. Factors like the property’s current condition and any possible renovations are not taken into account. But these things do tend to influence the actual market price of a property. 


Overall, a property report contains a lot of helpful information for prospective buyers and sellers. Still, it’s not a substitute for visiting and inspecting a property in person or getting a professional valuation from an expert.

Get your property estimate free from RateCity

Simply enter your address to receive your free RateCity property guide. This report includes all the basic details of your property, such as its size and features, as well as an overview of its past sales history. It also estimates the property's approximate value, based on recent sales of similar properties in the local area.

Frequently asked questions

What is a property report estimate?

A property report estimate is an approximate calculation of a property’s value, found in an online property report. These estimates are typically based on the property’s age, size, location, and number of bedrooms, bathrooms and car spaces. The property’s history of previous sales, plus recent sales of similar properties in the local area, may also help to calculate the property’s current value. 

What is my property value?

Your property’s value is how much your property is worth to a bank or mortgage lender, when it comes to securing a mortgage over a property and calculating the loan to value ratio (LVR).

A professional valuer assesses a property’s value based on data about the property, its sale history, and other recent sales in the area. The valuer may also visit the property to assess its condition in person.

A property’s value may be different to a real estate agent’s appraisal, which indicates how much a property may sell for. It’s also often different to a property’s sale price at auction or private sale, which shows how much a buyer thinks it’s worth in the current market. 

Is it free to get your house appraised?

A house appraisal, in which a qualified real estate agent assesses a property to make an estimate of its value, is a service that is generally offered to homeowners free of charge.

Local real estate agents tend to offer free property appraisals to homeowners as a way to build a relationship with them, and potentially secure the listing if the homeowner has plans to sell.

It can also be a good opportunity for the homeowner to gauge the agent’s level of expertise and determine whether or not they would be an ideal listing agent for the sale of their home.

You may also like to consider using an online service like RateCity to get a free property value report. Similar to an appraisal, the report is a computer generated valuation based on a significant amount of data and insights, and can provide details including the estimated property price and information about similar properties for sale or recently sold in the area.

How much is my house worth?

Your house’s worth may depend on its age, size, location, and overall condition. This may be affected by its number of bedrooms, bathrooms and car spaces, as well as its previous sale history, plus recent sales of similar properties in the local area. A property report provides a summary of this information to help you make an estimate.

You may get a different estimate of how much your house is worth if you ask a real estate agent, a professional valuer, or a property purchaser at an auction or private sale. This is because an appraisal from a real estate agent is an estimate of how much your house could sell for; a valuation is a professional assessment of whether your home’s value is enough to secure a mortgage; and a sale price is how much a buyer thinks your house is worth on the current market. 

What is a valuation?

A property valuation is a formal assessment of how much your home is worth, to determine the Loan to Value Ratio (LVR) when you’re applying for a mortgage.

A valuation is carried out by a certified practicing valuer on behalf of a bank or mortgage lender, and is often based on available data about the property and recent sales of other similar properties in the local area. The valuer may also visit the property to assess its condition in person.

A valuation is typically different to an appraisal from a real estate agent, which is an informal estimate of how much a property could sell for at auction or via private sale.

What is an appraisal?

An appraisal is the process by which a qualified real estate agent conducts an inspection and assessment of a property in order to make an educated estimate of its value, typically in preparation of it being listed for sale. It is not to be confused with a valuation, which is conducted by a Certified Practising Valuer on behalf of a mortgage lender to determine the Loan to Value Ratio in relation to the borrow amount.

To begin the appraisal, the agent will start by visiting the property and assessing features such as the size, layout, number of bedrooms and bathrooms, quality of fixtures and fittings, and how well it has been maintained.

Next, the agent will use the findings to compare the property the with other similar properties in the area that have recently sold. In doing so, they are able to determine a more accurate appraisal that is representative of the current market demand.

What is a valuation and valuation fee?

A valuation is an assessment of what your home is worth, calculated by a professional valuer. A valuation report is typically required whenever a property is bought, sold or refinanced. The valuation fee is paid to cover the cost of preparing a valuation report.

When does Commonwealth Bank charge an early exit fee?

When you take out a fixed interest home loan with the Commonwealth Bank, you’re able to lock the interest for a particular period. If the rates change during this period, your repayments remain unchanged. If you break the loan during the fixed interest period, you’ll have to pay the Commonwealth Bank home loan early exit fee and an administrative fee.

The Early Repayment Adjustment (ERA) and Administrative fees are applicable in the following instances:

  • If you switch your loan from fixed interest to variable rate
  • When you apply for a top-up home loan
  • If you repay over and above the annual threshold limit, which is $10,000 per year during the fixed interest period
  • When you prepay the entire outstanding loan balance before the end of the fixed interest duration.

The fee calculation depends on the interest rates, the amount you’ve repaid and the loan size. You can contact the lender to understand more about what you may have to pay.