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You can obtain Suburb Summary Statistics for properties of a similar type in two ways:

  • via the AVM Detailed Estimate response (v2/prod/properties/{id}/estimates/detailed) - the statistics returned are for properties of the same type (house/unit) and number of bedrooms to the target property;

  • via the Suburb Summary Statistics response (v2/prod/localities/summary) - the statistics are returned for the suburb (suburb name + postcode) for similar properties of the type (house/unit + number of bedrooms) you specify in your request.  

Info

Number of bedrooms - statistics are generated for the following combinations of property type and bedrooms.

Houses - 1 & 2, 3, 4, 5+

Units - 1, 2, 3+

The number of bedrooms in a request is max’d or min’d to return the correct statistic, so for example:

  • a request for 5 bedroom units returns the statistics for 3+ bedroom units; and

  • a request for 1 bedroom houses returns the statistics for 1 & 2 bedroom houses.

The following statistics are available:

...

Average number of days on market for properties in the suburb of the same property type which sold in the past 3 months.

Discount on asking price

Average % difference between sale price and listing price for properties in the suburb of the same property type which sold in the past 3 months. A positive value (premium) means properties on average sold for more than their list price. A negative value (discount) means properties on average sold for less than their list price.