RP Data v Pricefinder

I have used PriceFinder as part of Real Estate Investar membership, and it is really quite easy to use and learn.   The information provided is probably going to be the same as RP Data, but the way it is presented is extremely useful.  Through the use of Google Maps and Google street view, you can get a colour coded outline for an area showing recent sales, price brackets, rental rates, etc.  Really helpful stuff.

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Good luck.

I was told it can take up to 12 weeks for price finder to enter a property sale into there system. What service is out there that will give me recent sales results ie. most recent weekend auctions?

Yes, the reason that you cant get immediate results is that it sometimes takes that long before the sale price gets to the titles office- it is not a function of the data or the service itself.
As Matt says – call the agent on the Monday and see if they will give you the price. Or watch the sales yourself.
You dont really need values so immediately as its not an exact science. You can spend all your time getting values but then the market shifts- there is an interest rate rise or fall and it all changes the landscape. Just because that house sold for $X does not necessarily mean that the next one will sell of $x or $x+Z… it is an overall moving value. Its helpful but not exact so dont get hung up on the immediacy of the numbers – go with what the market is telling you.
PRData used to call us immediately after an auction to get the sale price. They are both expensive to get into – I would not bother too much unless I really think something is a good buy.
But it helps to make it cheaper – so if Matt is offering to be part of a subscription – then it will be more worthwhile………

Hi Rodgo

PriceFinder can only input data from government advice, ie once the sale goes through the titles office which is why it can take up to 4 weeks to publish.

Data also gets published from some agents that are more eager to make the information public – this is is rare and is indicated next to the entry saying 'agents advice'

Hope this helps

Cheers,
Matt