Introduction

This page provides additional data on where we get and how we use the data in our calculator, and how your search criteria are used to provide information, scenarios and estimates.

Property Values

We work with Australia's leading property data partners to source and provide initial estimates of property prices for each suburb and property type. For example, estimated median house prices used in our calculator are provided by HtAG Analytics. 

Calculations

• 'Results' section - 'Total house purchase costs' - these include the estimated property purchase price, plus state government stamp duty, and an additional $2,500 in estimated buying costs covering expenses such as conveyancing, legal costs and services. 80% mortgage costs, 20% deposit costs and the cost of combined stamp duty and estimated buying and legal costs are also shown for further information.
• 'Why use Reaia?' section - 'Without Reaia' - all amounts displayed are calculated from your search criteria and our estimated property buying costs as displayed. It's important to remember that any unknown future property price increases, rent price increases, monthly savings amount increases and interest are not calculated here. However the total amount of savings at the end of each month have a 3.00% p.a. (after tax) estimated interest rate applied, paid monthly. learn mo
• 'Why use Reaia?' section - 'With Reaia' - all amounts displayed are calculated from your search criteria and our estimated property buying costs. It's important to remember that any unknown future property price increases, rent increases, monthly savings increases and savings interest are not calculated here. 
• 'But what if property prices do go up?' section - 'Median house price increases over 5 years' - the figure provided as 7.3% p.a. is estimated as the annual compounding growth rate of the 'Mean price of residential dwellings ;  Australia' from data provided by the Australian Bureau of Statistics (https://www.abs.gov.au/) with series ID reference being A83728647F.
• 'But what if property prices do go up?' section - 'Time to save gap' - based on your search criteria, the estimated amount of time it would take you to save for the combined cost of a 20% deposit, stamp duty and other estimated buying costs, also taking into account the annual property price rise you've selected.
• 'But what if property prices do go up?' section - 'Total savings target achieved' - based on your search criteria, the estimated month in the future when you will have enough savings to pay for the combined cost of a 20% deposit, stamp duty and other estimated buying costs, also taking into account the annual property price rise you've selected.
• 'But what if property prices do go up?' section - 'Estimated property price' - based on your search criteria, the estimated price of that property on the month and year in the future when your 'Total savings target achieved', taking into account the annual property price rise you've selected.
• 'But what if property prices do go up?' section - '20% deposit +stamp duty + costs' - based on the 'Estimated property price' defined above, the total combined cost at that time in the future of a 20% deposit, stamp duty and other estimated buying costs.
• 'But what if property prices do go up?' - the graph shows what might happen when house prices go up by different annual growth rates. You can use the slider to see different estimated outcomes based on different annual growth rates. Your total savings have a 3.00% p.a. (after tax) estimated interest rate applied, paid monthly. Total estimated rental costs are based on your search criteria with a 3.00% p.a. annual rent increase applied every 12 months. Lower or higher annual rental increases will mean different rental amounts paid over time.
  
  Disclaimer:
  All prices, amounts, numbers and figures displayed on our calculator are estimates only.
  Terms, conditions, fees, qualification criteria and approvals apply to all applicants for Reaia products and services.
  For an accurate scenario based on your personal circumstances and needs, you can talk to a Reaia expert.