Using Trade Me's Property Insights tool
Helpful property insights at the click of a button.
When it comes to real estate, it’s good to be nosey. This is why we’ve developed our free Property Insights tool, an interface that allows you to view records, rateable values (RVs), estimates and recent sales for over 1.5 million NZ properties.
Now, you can also track your favourite properties to receive monthly email updates. So, whether it’s your house, a home you’re targeting, or that gorgeous property two streets over, Trade Me’s Property Insights helps give you the information to make decisions with confidence.
Here’s how it works.
Using Trade Me’s Property Insights tool
From the Trade Me Property homepage, click the Property Insights button in the top right hand corner.
This will take you to the Property Insights homepage with a search bar where you can enter a specific address, or search more generally within a suburb or city.
Then, you’ll see a map covering the area you selected, with properties represented by price tags.
Click on a property to open its records. As well as an estimated price range, sales history, and council details, on the right side of the screen you’ll see a button labelled “start tracking”.
Once you’ve chosen to track a property, look out for an email confirmation from us within 24 hours. From here, you just need to sit back and wait for your monthly update on how that property has changed over the last 12 months.
You can search specific addresses, or take a suburb or city view.
In the Trade Me Property app, tap the ‘Insights’ icon at the bottom of your screen.
From here, the process is similar to the above, you’ll see a map of NZ with a search bar at the top where you can enter a city, suburb or property address. Then you just tap on the house you’re interested in to learn more about it.
If you’re using Trade Me on your mobile, but aren’t in the app, you’ll find Property Insights in the ‘Tools’ dropdown menu in the top right hand corner of your screen. From here, just follow the same process described in the desktop section above.
Why use Trade Me’s Property Insights tool
It’s always useful to know the estimated value of your rental property, especially if a potential move to selling is on the horizon.
How we get our data
Recent sold prices
We get this information from the relevant local council – you’ll see the date of sale plus the amount the property sold for.
Until council info is provided, the sold information may come from the licenced real estate agent who last sold the property.
Trade Me Property Estimate
This is our computer-generated estimate of what we think a property is likely to sell for. We use our own algorithms to calculate these estimates, based on the sale prices for similar properties and rateable values (RVs).
These estimates aren’t professional valuations, and won’t be spot on every time because they don’t involve physical property inspections. This means price-altering factors like recent renovations may not be taken into account.
Rateable value (RV) information
A property’s RV is the value set by local authorities in order to charge rates. This information is provided to us by local authorities at different times, and we’ll use it when there’s insufficient data for us to provide a reliable price estimate.
However, it’s worth noting that RVs aren’t necessarily representative of the market value of a property.
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