Methodology
How our AI valuations work
No black box. Every map marker, deal badge, and confidence band comes from the same simple pipeline below.
1. Gather + tidy up
Every day we pull in fresh Brisbane listing data and tidy it up, layering in practical local context like flood overlays.
2. Model + Benchmark
We use the most advanced algorithms combined with local comparable sales benchmarks within 1km to estimate what a home is likely worth.
3. Explain + rank
You get a clear price range, a simple deal score, and plain-English reasons so you can quickly see why a place looks undervalued (or overpriced).
Example signal
15 Macquarie Street, Teneriffe
- AI fair: $3,720,000
- Market ask: $3,200,000
- Confidence band: $3,450,000 - $3,990,000
- Deal badge: Good · 78 (high confidence)
How to interpret: The AI fair estimate is higher than the market ask, so the deal score may be stronger. Confidence bands show the plausible range, and the reasons list explains why (larger land, renovated finish, pool premium). If market ask is above the band, listings are flagged as "overpriced".
Deal scores reflect how consistently RealistIQ identifies value relative to market estimates. Not a guarantee.
Your checklist
- Set the AI estimate range to match your budget.
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What’s the AI estimate range?
It’s our best “likely value” range for a property, not just a single number. We combine recent nearby sale prices (local comparables) with the home’s characteristics (size, location, condition and known risks) to get as close as possible to what it’s really worth today.
Think of it as your fast, data-driven price guardrail — not a formal human valuation.
- Use the filters to isolate your target bedroom count and flood criteria.
- Tap each marker and review the CI bar; your strategy could be to pursue homes where the market ask sits below the confidence midpoint.
- Cross-check the reason chips (flood, renovation, land size) and bring your own due diligence to confirm the story.
- On the Explore page, flip “Show overpriced listings” to quickly spot properties you might avoid because the market ask exceeds the AI fair value.
- Use the “Show comparable sales” toggle on each listing to compare it against the most similar recent sales in the area.
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What are “comparable sales”?
They’re recent, nearby sales that look like the home you’re viewing (same suburb pocket, similar size/bedrooms/land/condition). We use them as a reality check for the estimate range.
This is a zero‑BS comp list: we show close matches, not cherry‑picked “best case” examples that make a property look like a bargain.
Coming soon
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