Easily run a grid variance analysis test from the market activity tab
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 through Real Estate Investar, please see the below steps.
- Click on RP Data/Pricefinder.
- Select the Market Activity tab.
- Click on either the Sales or For Sale options to search by.
- Enter your target suburb and click "Search".
- Enter your desired criteria (i.e. 4 bedroom houses only) and click "Search".
- Scroll down and click on the Search Summary tab to see the Low, Median, Average & High prices.
