Find Me A Home

Residex have launched a new service, FindMeAHome.

From my quick review, it is not very user friendly or accurate.

Using a map interface, it lists properties for sale. First, the list is not comprehensive. Second, it lists properties for sale that have been sold.

When selecting a property, it gives an indicative value. For the apartments that I looked at, the indicative value is not very accurate.

For example:

• A two bedroom apartment in Quay West - indicative value given as more than $1,348,000. This apartment would be, at best worth in the $800,000s.
• A one bedroom apartment in Charlotte Towers - indicative value given as more than $731,000 to $837,000. This apartment would be, at best worth $400,000 (most likely $360,000.)
• Casino Towers, Apt 3702, indicative value given as more than $1,166,000. This apartment recently sold at auction for $705,000.

There are many other examples, including for suburban houses. John Edwards has clearly got this wrong.