What is Land Value Australia?
Astute property buyers compare the sales guide of a property with the land value. The unimproved land value without buildings is assessed by the government. This is often significantly lower than the sales guide. Currently serving NSW, ACT and QLD.
Problem
Property buyers often rely on the sales guide of a property, which includes the land and buildings. The assesment of property value based on these can be misleading as the sales guide is often much higher than the unimproved land value without buildings, which is assessed by the government. This causes issues in accurately determining property worth.
rely on the sales guide
misleading as the sales guide is often much higher
Solution
A platform/dashboard aimed at helping users in comparing the sales guide of a property with the government-assessed land value
Users can identify good value properties by examining discrepancies between the sales guide and unimproved land value.
Focusing currently on NSW, ACT, and QLD.
comparing the sales guide of a property with the government-assessed land value
Customers
Property buyers
Investors looking into real estate within NSW, ACT, and QLD
Real estate agents seeking a better understanding of land value
Homebuyers examining property investment options
Financial analysts evaluating property markets
Unique Features
Focus on unimproved land value without buildings, uniquely assessed by the government.
User Comments
Users appreciate how the tool helps in making informed property purchase decisions.
Some users suggest expanding coverage to more regions.
It aids in identifying discrepancies between sale guide and actual land value.
The government assessment feature is particularly valued.
The current focus on specific Australian regions restricts its utility.
Traction
Launched on ProductHunt and currently serves areas in NSW, ACT, and QLD.
Market Size
The Australian real estate market is estimated at $1.5 trillion, with continuous growth due to increasing demand for property investment and better valuation tools.
