What Is a Property Report?
A property report is a comprehensive document that outlines key information about a specific property. It includes the estimated property value, sales history, comparable sales data, and suburb details—giving you a clear picture of what a property is worth and how it compares to others in the area.
Property reports are valuable for:
- Buyers – Understanding fair market value before making an offer
- Sellers – Setting a competitive asking price
- Investors – Assessing rental potential and capital growth
What's Included in a Property Report?
The information varies depending on the source, but most property reports include the following sections:
1. Property Details
A breakdown of the property's key features:
- Address and images
- Land and building size
- Property condition
- Floor plan
- Number of bedrooms and bathrooms
- Major features – balcony, garden, parking, pool, etc.
2. Estimated Property Value
The report provides a property price estimate based on:
- Property information and features
- Recent sales data in the area
- Current market conditions
Note: The estimated value is often shown as a range (low, mid, high) with a confidence rating. The accuracy depends on available data—more comparable sales means higher confidence.
3. Sales History
A record of the property's previous transactions:
- Sale prices – What the property sold for previously
- Sale dates – When each transaction occurred
- Days on market – How long it took to sell each time
- Rental history – Previous rental amounts (if applicable)
This helps you see how property values have changed over time.
4. Comparable Sales Data
Information on similar properties that have recently sold nearby:
- Number of comparable sales
- Final sale prices
- Median days on market
- Rental comparisons and vacancy rates (useful for investors)
This section helps you understand what buyers are paying for similar homes in your area.
5. Suburb Details
Broader information about the local area:
- Local schools and amenities
- Future planning and development
- Median house prices
- Capital growth trends
- Historical property value fluctuations
Why Is a Property Report Important?
For Buyers
A property report strengthens your position as a buyer by providing:
- Market value insight – Ensure the asking price aligns with comparable sales
- Suburb confidence – Understand the area before committing
- Loan planning – Determine how much you may need to borrow
Armed with data, you can negotiate from a position of knowledge rather than guesswork.
For Sellers
A property report helps you:
- Set a competitive price – Use estimated value and comparable sales to price accurately
- Time your sale – If similar properties are selling quickly, it may be the right time to list
- Maximise returns – Understand rental demand and vacancy rates if considering investment options
For Both
Property reports save time, money, and effort by consolidating all relevant property information in one place. Instead of researching multiple sources, you get a complete picture instantly.
Limitations of Property Reports
While property reports are valuable, they have some limitations:
- Automatically generated – Reports use available data, which may be incomplete
- Missing comparables – If few similar properties have sold recently, estimates may be less accurate
- Renovations not captured – Recent upgrades may not be reflected in the data
- New suburbs – Limited historical data can affect accuracy
Important: A property report provides a useful starting point, but it shouldn't replace a professional property appraisal from an experienced real estate agent who can physically inspect your home.
How to Get a Free Property Report
Several sources offer free property reports:
- Home loan lenders – Banks often provide reports to potential borrowers
- Real estate agencies – Many agents offer reports as part of their service
- Financial institutions – Some provide reports to attract future customers
Paid Option: CoreLogic
CoreLogic is Australia's leading property data provider. Their reports include comprehensive sales history, rental data, suburb statistics, and up-to-date valuations. This is a good option if you need detailed, verified data.
Better Alternatives to Property Reports
While property reports provide useful data, there are more accurate ways to understand your property's true value:
1. Free Property Appraisal
A local real estate agent conducts a free property appraisal by:
- Touring your home in person
- Assessing its features, condition, and presentation
- Comparing it to recent comparable sales
- Providing an estimated value based on current market conditions
Why it's better: An agent sees what data can't capture—renovations, street appeal, layout flow, and buyer demand in your specific area.
Find a real estate agent with LocalAgentFinder's free comparison service. Compare agents based on their sales history, fees, marketing strategies, and reviews from other homeowners.
2. Property Valuation
A property valuation is similar to an appraisal but conducted by a formally qualified valuer. The resulting report is legally binding and often required by:
- Banks approving home loans
- Legal proceedings (e.g., divorce settlements)
- Estate planning
3. Free Online Property Value Estimate
LocalAgentFinder's free property value estimate tool provides:
- Estimated value range with a confidence rating
- Recent sales data (12 months) including distance from your property, median prices, number of sales, and average days on market
- Growth data and property type trends
Property Report vs. Property Appraisal: Which Is Better?
Recommendation: Use a property report for initial research, then get a free property appraisal from a local agent for an accurate, up-to-date valuation.
Find a Real Estate Agent for a Free Property Appraisal
The best way to understand your property's true value is to speak with an experienced local agent. At LocalAgentFinder, you can:
- Compare real estate agents side-by-side
- See agent ratings and reviews from verified homeowners
- Compare fees and commissions before choosing
- Request free property appraisals from top local agents
Why Homeowners Choose LocalAgentFinder
- Free service – No cost, no obligation
- Trusted since 2007 – Connecting Australian homeowners with agents
- Data-driven comparison – Sales history, marketing strategies, and real reviews
Ready to Find Out What Your Property Is Worth?
Get a free property appraisal from a top local agent—no obligation, no cost.
Key Takeaways
- Property reports provide estimated value, sales history, comparable sales, and suburb data
- Useful for buyers and sellers – Helps set realistic expectations and competitive pricing
- Limitations exist – Automated reports may miss renovations or lack recent comparables
- Free property appraisals from local agents provide more accurate, personalised valuations
- Compare real estate agents to find the right one for your property
