Bank property report
  • Anyone can access a bank property report—homeowners, investors, and the curious. You do not need to be a customer.
  • It took me a few minutes to get the bank property reports I ordered. I did not even need to speak to anyone.
  • Banks are offering free property reports that come with a valuation estimate plus other useful property and suburb insights.
  • The CommBank property report even lets you see what your neighbours paid for their homes.

What is a bank property report?

A bank property report provides a valuation estimate for a property you might be interested in. It could be your home or another property you have your eye on. Banks have their own data as well as partnerships with property data groups which often power these reports.

Who can order a bank property report?

Anybody. You do not need to be a customer of the bank.

Property reports are usually ordered as a starting point when looking to learn more about specific property valuations and area-wide valuation trends.

The curious

Wondering what your house is worth? Or what price your neighbour sold for recently?

There is nothing stopping you finding this out with a free bank property report.

Buyers

If you are a looking to buy, then a bank property report can be a good starting point. Knowledge of past sales activity and price movements is very helpful when considering a purchase, especially when no asking price is listed—like for an auction.

A property report in isolation is probably not enough information to base a financial decision on, so engaging professionals like valuers, real estate agents or mortgage brokers can be a sensible next step.

Homeowners

If you are a homeowner, then a property report could give you an idea of your property equity. Understanding your property equity can be an early indicator of the potential for you investigate a refinance, renovation or potential upgrade.

I introduce borrowers to brokers so they can explore what is possible.

Investors

Investors can get valuation history and area trends on both sales and rentals from bank property reports.

Why are banks offering these reports for free?

Banks use property reports to increase their online engagement. Aside from attracting new customers, it is also a nice way to keep existing customers informed.

The only thing you may need to hand over are your contact details so they may market to you. It is up to you if that seems a reasonable trade off.

What is in a free property report?

A property report can offer valuation estimates for a specific property address—for anyone. As well as providing a valuation estimate it can also offer extra insight by displaying photos, area zoning and number of bedrooms.

In addition to property-specific information, many property reports can provide an overview of property value trends and prices for recent sales in the area.

Bank property reports contain so much information—for free. I have listed some (not all) banks below who provide property reports for free.

Before you access a property report

Property reports are not the same as property valuations.

No one visits the property. The estimated valuation and other numbers provided are derived from records, statistics and unsurprisingly—algorithms.

While banks and their partners make their best effort to ensure accuracy of the final product—none is guaranteed. So again, use it as a guide. A starting point. But be prepared to engage other professionals to help you long your journey before making any financial decisions.

Which banks are offer free property reports?

I have put together a list of some (not all) Australian banks that offer free property value reports. I have not used a ranking system, so they are arranged below in alphabetical order.

is a Local School Details section with detailed information on nearby schools and their catchment areas.

ANZ property report

The ANZ property report is suited to those craving detail. This report provides quite a lot of insight given property reports usually have a high-level approach to numbers.

The ANZ property report is perhaps the most comprehensive of all the bank property reports featured here in my list. It is another property report that is received by email so could be kept as a handy resource indeed.

  • One of the more comprehensive bank property reports
  • Suburb demographic profiles
  • Mentions active local real estate agents

Overview

The ANZ property report provides ample insights for the requested property. What is does do well, is the demographic profiling of the suburb your property is located in. Not only will you have a good idea of the age of your new neighbours, it also provides information around whether they are likely to be renting, homeowners or mortgage free.

The ANZ property report offers some insights in who the active real estate agents are in the area. This can be helpful if you are unfamiliar with an area and want to learn more from agents at the coal face.

CommBank property report

See what neighbours paid….

The CommBank property report will suit those who like their reports brief, but also offers something more to the curious.

Oh, and you do not need to hand over your email address or contact details for the CommBank property report.

  • No need to hand over your email address
  • Can cruise an interactive map and see sold property prices for neighbouring properties
  • Some past sales information goes back many years
  • Provides summary style suburb and demographic profiles

Overview

The CommBank property report covers what needs to be covered. There is a price estimate, some property history detail and suburb trends.

The CommBank property report does not go into any great detail on demographics and suburb data—rather just relies on some summary numbers.

What is does do is provide an interactive map to access the “sold price” for numerous properties close to your target property. Just hover over the yellow dot and select.

It could be the neighbours of the property you are interested in. It could even be your neighbours. From what I have seen, if the information is available they will have it.

NAB property report

The NAB property report opens as a webpage which lends itself to some nice interaction with a map and past sales history.

  • Provides useful graphs showing the discounts sellers are taking for active listings
  • Has an interactive map and see sold prices for recently sold properties

Overview

The NAB property report provides all the insights you would expect from property report. They have a nice graphic that shows the relationship between how long properties are on the market, and how much of a discount sellers are taking—the difference between original listing price and actual sale price. It can present like this.

The NAB property report goes an extra step in providing further insight into past sales activity. They present it as an interactive map. Rather than having access to any neighbour’s sales price, you can see recent sales nearby on a map—then open these to see the property characteristics and sale price. Nice for getting your bearings if you are unfamiliar with an area.

P&N Bank property report

The P&N Bank offers their Free Digital Property Report and could be considered one of the more comprehensive layouts.

  • Details property history shown including sold prices, rental info and development approvals
  • 1yr, 3yr, 5yr suburb price trends
  • School catchment area info
  • Nice toggle function to move between map and list for recently sold prices

Overview

The P&N bank property report is quite detailed for an online valuation estimate. In addition to the valuation estimate, it lists past activity for the property going back many years. This can include previous listings for sale or rent, actual sold prices and development approvals.

Most sections of the P&N Bank property report allow toggling between a map and list for recent data covering nearby sales, current listings, and rentals. You can use the same function to see how the property sits in relation to nearby schools and to see what is withing the catchment area for the house.

You can also toggle between 1yr, 3yr and 5yr trends for the suburb price trends.

Westpac property report

The Westpac Property Market Research function is multi-layered.

A Westpac property report will provide suburb profile on a different webpage to the individual property characteristics. Although this needs two different enquiries, the information is quite informative, and allows for some interaction. It also features property market updates with a YouTube channel.

  • Different requests for suburb vs property specific data
  • Property market update YouTube channel
  • Comprehensive demographic breakdown for area

Overview

The Westpac property report covers everything you would expect, including the individual zoning of the property which can be helpful. The demographic section paints an overall picture of the suburb make-up. It breaks down average age bracket, occupancy type (couples vs families) and residence type (rent vs own vs mortgaged).

Westpac Property Market research also has a YouTube feature, powered by CoreLogic, with comprehensive monthly commentary on the Australian housing market for those seeking more information.

Property report ordered – what next?

See what the property report tells you. It might be a nice exercise and you leave it at that.

If something sparks your interest then It might be a good time to engage a professional to explore a refinance home loan. A mortgage broker or lender could help you explore how much deposit you need for a house or alternative no deposit solutions like a guarantor home loan.

A cautionary note

The information provided is no substitute for any disclaimers provided by the property report issuer.

Property reports are not the same as a property valuation, nor a bank valuation.

They are a valuation estimate based on data.

Valuations and other numbers might change daily. Differences in property reports between two banks may be due to in both the information entered and the methods used to calculate the estimates.

The data that drives property reports is collected at multiple points and while accuracy is strived for, it is not guaranteed. So, liability for any loss associated with these reports is not offered by the report providers.

These property reports may be free, but they could cost you if you make any financial decisions based on them. So, consult professionals as needed.

Wrap up

Banks offering access to free property reports allow you insights into property valuations and trends that were once something you would pay for.

Property reports, while they are estimates and not always accurate, are a good way to stay up to date with the property market.

They say knowledge is power, a free property report can help shift some of that power balance back towards you.

If a property report gets you thinking, I recommend seeking further advice from a professional before making any financial decisions.

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