Comments on: realestate.com.au Introduces Sales Info http://www1.propertyportalwatch.com/2009/07/realestatecomau-introduces-sales-info/ Everything You Need to Know About Property Portals. Thu, 18 Mar 2010 21:27:10 +1100 http://wordpress.org/?v=2.8.6 hourly 1 By: Suburb Data, Reviews at realestate.com.au | Property Portal Watch http://www1.propertyportalwatch.com/2009/07/realestatecomau-introduces-sales-info/comment-page-1/#comment-3322 Suburb Data, Reviews at realestate.com.au | Property Portal Watch Wed, 04 Nov 2009 23:24:07 +0000 http://www1.propertyportalwatch.com/?p=4961#comment-3322 [...] in July, realestate.com.au added suburb sales history to its property pages. That followed a series of website enhancements unveiled in [...] [...] in July, realestate.com.au added suburb sales history to its property pages. That followed a series of website enhancements unveiled in [...]

]]> By: James http://www1.propertyportalwatch.com/2009/07/realestatecomau-introduces-sales-info/comment-page-1/#comment-2226 James Thu, 02 Jul 2009 00:01:43 +0000 http://www1.propertyportalwatch.com/?p=4961#comment-2226 Having had some experience in the data arena, the fact is that many agents either do not supply the sold price to REA and Domain choosing to withdraw the listing in many cases rather than updating it to sold and having to provide the price. Some agents will also just enter or leave the Listing price as the sold price or in a small number of cases put an incorrect price. Ultimately the reliance on this data in its own right is questionable. There are many reasons for these practices but in the main many agents want to keep this data for their own use rather than make it available to their competitors. This can be confirmed by comparing the prices displayed on these sites to the Sales Data provided by the LPI once made available. Having had some experience in the data arena, the fact is that many agents either do not supply the sold price to REA and Domain choosing to withdraw the listing in many cases rather than updating it to sold and having to provide the price. Some agents will also just enter or leave the Listing price as the sold price or in a small number of cases put an incorrect price. Ultimately the reliance on this data in its own right is questionable.

There are many reasons for these practices but in the main many agents want to keep this data for their own use rather than make it available to their competitors.

This can be confirmed by comparing the prices displayed on these sites to the Sales Data provided by the LPI once made available.

]]>