Real Estate Investar Training

A Grid Variance Analysis is the process where you break down the numbers of a suburb to identify the Sold and/or For Sale numbers into low, mid and high price ranges.  This is a great method in identifying suburbs where there are big price gaps between the low to middle and middle to high where renovations or development can result in the best financial return. 

To run a grid variance analysis, there are 2 options you can run depending on which platform you are using within your Real Estate Investar Pro Membership. Please see the below steps.

CoreLogic RP Data 

1. Click on RP Data/Pricefinder.
2. Enter your target suburb in the address bar and click "Search".
3. Click on either the Sales  History or On The Market tabs to search by.
4. Enter your desired criteria (i.e. houses only) and click "Refine".
5. Select your target properties from the results lists by checking each box or click "All".
6. Click on Sales History Report.
7. Click on Summary  to see the Low, Median, Average & High prices  for your selected criteria (includes bedroom count if "All" is selected)

Pricefinder

1. Click on RP Data/Pricefinder.
2. Select the Market Activity tab.
3. Click on either the Sales or For Sale options to search by.
4. Enter your target suburb and click "Search". 
5. Enter your desired criteria (i.e. 4 bedroom houses only) and click "Search".
6. Scroll down and click on the Search Summary tab to see the Low, Median, Average & High prices.