The PropTrack AVM expansively and instantly searches hundreds of thousands of properties across proximity, time and similarity for relevant properties to generate an estimate based on the surrounding sales evidence. In addition to comparable based models, there are indexation, listing and hedonic models that combine to give the most accurate and holistic estimate possible.
Computer vision and machine learning techniques help AVMs assess property images and consider a property’s aesthetic appeal, renovation status, and feature conditions without a human appraisal.
The PropTrack AVM uses insights only available from Australia’s largest listings portal realestate.com.au, including supply and demand metrics, allowing organisations to rely more thoroughly on instant valuation estimates and bring new innovative services to market.
Dive into the best practice standards for completing back testing and assessing whether your AVM is performing as it should
Speak to one of our specialists to find out if we can service your property valuation needs.
