Property Reports 101: Who To Buy From and How Much?

by Chris Lang on April 8, 2010

Property reports And now, when you’re all back from your Easter holidays and are house-hunting again, finally we get to the most interesting part. This post, in fact, will save you the “price shopping”, as it lines up all the major property report providers and compares their products and prices.

There are 3 big report providers to consider: RP Data, APM and Residex. They all offer property reports to be purchased and delivered online. Below you will find a list of reports they provide, with samples, pricing and my comments – things to pay attention to.

RP Data Property Reports

1. Individual Property Report, price: $60
Note: not available in VIC.

2. Street Sales History Report, price: $50.
Download sample – click here.

3. Suburb Sales History Report:
12 months of sales, price: $50.
24 months of sales, price: $60.
Download sample – click here

4. Postcode Sales History Report
12 months of sales, price: $60.
24 months of sales, price: $70.
Download sample – click here

Things I didn’t like about RP Data reports

1) There is no number of bedrooms their reports, so no way for you to differentiate between 3 / 4 / 5 bedroom houses.

2) There is no differentiation between houses and units.

3) The report is delivered in a PDF file and the data can’t be sorted. For instance, if you wanted to sort the report by price and see what areas are the cheapest and what areas are the most expensive, it would be impossible.

APM (Australian Property Monitors) Reports

1. Postcode report
12 months of sales, price: $65.
24 months of sales, price: $75.
Note: Reports for VIC have no street numbers.

2. Property report, price $75.
Download sample – click here

3. Street history report (15 years of data), price: $35.

4. Postcode 3 month subscription
2 years worth of data, price: $75.

Note: this report is not delivered as PDF. Instead you would need to login to APM website and access data through their interface. You will have continuous access to all the new data as it’s released during the 3 month period.

Things I didn’t like about APM reports

1) There is no differentiation between houses and units, except in the subscription product.

2) Reports are delivered in PDF files and don’t allow sorting of data.

Things I did like about APM reports

1) APM do specify the number of bedrooms in their reports, which allows you to understand the difference in price between 2 houses in the same street sold in the same period.

2) The 3-month subscription allows sorting, which is very convenient.

Residex Property Reports

1. Postcode Explorer – $90 houses OR units, 12 months
Download sample – click here
Download Sample – click here (Victoria)

Note:
1) There are no historic sale prices for Victoria – today’s estimates only. Not sure I would trust the estimates, I always prefer real numbers.

2) There is no bedroom data for Victoria.

2. Property Explorer
With past sales for the property – $65
Without past sales for the property – $55

Download sample – click here (Victoria)

Note: unlike RP data and APM, Residex will sell you reports on houses OR units, not both.

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{ 3 comments… read them below or add one }

homes for sale mn April 12, 2010 at 12:23 am

“There is no number of bedrooms their reports, so no way for you to differentiate between 3 / 4 / 5 bedroom houses.”

They must fix that, right?

Reply

Chris April 14, 2010 at 2:11 pm

I don’t think they are going to – it’s the way they collect data, this looks like a major change to their database. No doubt they should 🙂 just a question of whether they’d want to allocate the resources to it.

Reply

Shelvia December 15, 2010 at 12:47 pm

What do you think of myrp.com.au?

Reply

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