Recent sales around the site and the Valuer General land value for the parcel itself — the official record rather than a portal estimate, attached to the lot you are looking at instead of to a suburb average.
Automated valuation estimates are everywhere and they are all modelling something. The Sales & market and Land value sections do not model anything: they show the sales the NSW Valuer General has recorded around the site, and the land value the Valuer General has determined for that parcel.
That distinction matters for development work. A land value is the unimproved value of the land as assessed for rating and land tax — it is not what the property would sell for with the house on it, and it is not a valuation of your proposal. But it is a consistent, official, per-parcel number, which is more than most inputs to a feasibility can claim.
Because sales sit on the map next to the cadastre, the zoning and the constraints, you can see the thing a table of comparables hides — whether the sale two doors up was a similar lot or half the size, whether it was in the flood planning area, whether it had the same frontage.
Select several lots with multi-property compare and their values line up side by side, which is the quickest way to sanity-check a site’s asking price against its neighbours.
No. It is the Valuer General’s assessment of the unimproved land at a base date, used for rating and land tax. A property with a house on it is generally worth considerably more than its land value, and a site with development approval may be worth more again.
They are as current as the Valuer General’s published release, which lags actual settlement. Expect recent sales to be missing rather than wrong.
Where the Valuer General has recorded one, yes — and the sales around it, which is usually the more useful part for pricing a development site.
Yes. Sales are one of the optional sections in the branded PDF site report, alongside the cover, maps, development potential, standards, hazards and demographics.
Because the official record is free, properly licensed for us to redistribute, and covers every parcel in the state. Commercial datasets add agent listings and estimates on top; they also add a per-seat cost that would end up in your subscription.
The fastest calibration is a suburb where you already know what things went for.
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