Identifying comparable properties via multiple search criteria across all Australian states and territories is a core feature of the DAS platform.
Comparable properties are typically identified on the basis of proximity and land use, sometimes making allowances for improvements such as buildings to derive a "normalised" price per hectare. DAS makes this straightforward by allowing users to identify property sales within a given timeframe and radius and filter based on farm buildings.
By using the “Filter” button to the left of the search bar we enable search by factors including location, size of farm, sale price and date.
However, there are sometimes not enough recent transactions on properties which meet this criteria to derive a valuation. What to do now?
The first option is to widen the search radius (beyond 30km it becomes unconstrained) and filtering on additional characteristics such as:
Number of Buildings
Primary Land Use
The second option is to use image overlays from the Layers menu to identify areas with similar characteristics such as
Primary Soil Type
Rainfall
Elevation and Slope
By using some of these characteristics and widening the search radius, DAS enables you to find comparison properties that you might not have considered in the first instance and derive a more robust basis for a valuation