What Is My Property Worth? A Complete Guide for Australian Homeowners

Whether you're planning to sell, refinance, or simply curious about your home's value, understanding your property's worth is essential. With the Australian real estate market constantly evolving, knowing your home's value helps you make smarter financial decisions—and potentially unlock thousands in profit.

Many sellers overlook the hidden cost of selling through agents. Did you know that real estate commissions can exceed $20,000–$30,000 on a $1 million home? Selling privately through platforms like salebyhomeowner.com.au allows you to keep more of your equity while still reaching serious buyers.

What Factors Influence Property Value in Australia?

Several key elements determine how much your home is worth:

• Recent sales of similar properties in your area

• Location desirability, infrastructure, and school zones

• Property size, layout, and number of bedrooms/bathrooms

• Renovations, upgrades, and overall condition

• Broader market trends, interest rates, and buyer demand

💡 Understanding these factors helps you price your home competitively—especially if you're selling privately.

How to Determine Your Property’s Value

1. Use Online Property Valuation Tools

• Access free estimates from sites like realestate.com.au, Domain, and CoreLogic

• These tools use recent sales data and property characteristics to generate a price range

• Keep in mind: they don’t account for unique features or recent renovations

💡 Use multiple tools to get a balanced estimate before setting your price.

2. Conduct a Comparative Market Analysis (CMA)

• Review recent sales of similar homes in your suburb

• Compare size, age, features, and location

• Use public sales records or online sold listings to guide your analysis

💡 A well-researched CMA helps you price your home to attract serious buyers.

3. Get a Professional Property Valuation

• Hire a licensed valuer to assess your home’s structure, improvements, and location

• Ideal for legal, financial, or refinancing purposes

• Costs typically range from $300 to $600

💡 A formal valuation adds credibility to your asking price—especially in private sales.

4. Consider a Real Estate Agent Appraisal (for reference)

• Agents offer free appraisals based on market demand and buyer trends

• Be cautious—some agents inflate prices to win listings

• Use their insights as a benchmark, not a commitment

💡 Private sellers can use agent appraisals to validate their pricing strategy—without paying commission.

How to Increase Your Property’s Value Before Selling

Want to boost your sale price? Focus on improvements that deliver strong returns:

• Renovate kitchens and bathrooms—these areas drive buyer decisions

• Repaint interiors with neutral tones to appeal to more buyers

• Install energy-efficient features like solar panels or insulation

• Improve landscaping and curb appeal for a strong first impression

💡 Small upgrades can significantly increase your home’s perceived value.

Why Selling Privately Can Save You $20,000+

Traditional agents charge 2%–3% of your sale price in commission. On a $1 million home, that’s $20,000–$30,000 gone.

By selling privately through salebyhomeowner.com.au, you:

• Avoid agent commissions and keep 100% of your sale proceeds

• Control your negotiations and buyer communication

• List on the same major websites agents use—like realestate.com.au and Domain

💡 More Australians are choosing to sell privately for the savings, control, and simplicity.

Final Thoughts

Knowing your property’s value is the first step toward a successful sale. Whether you're selling or just exploring your options:

• Start with online valuation tools

• Compare recent local sales for accuracy

• Consider a formal valuation to support your pricing

• Make smart upgrades to boost appeal