Cotality offers a high-performing suite of world-class property indices that have transformed the way Australians measure and understand changes in residential real estate values.
Track value changes in Cotality property portfolios driven by market movements, not portfolio composition.
Trading or hedging residential property value changes; Estimating valuations over time.
Assessing historical property risk and returns by suburb, city, state, or nationally over any time period
Forecasting residential property returns or risks across regions and timeframes.
Understand the Hedonic Regression Model behind our home value indices.
This methodology seeks to overcome the issue of compositional bias associated with median price and repeat sales measures. The premise for this lies in hedonic theory which says that the valueof a composite good, such as a house, is the sum of its components. Thus, by separating the sample of houses into their various structural and locational attributes, the differences in these qualitative factors across houses can be controlled.
Hedonic imputation is a method of imputing the value of dwellings having a certain set of characteristics (but no current sales price) by observing the sales prices and characteristics of other dwellings that do have recent sales prices.
To learn more about the methodology used in the Cotality Home Value indices please refer to the following studies, which have been published in the interests of transparency:

The patented Cotality Home Value Index is part of the suite of housing market indices produced by Cotality. Since the launch of Hedonic Home Value Indices in 2007, Cotality established a new quality benchmark for accurately measuring value changes across the Australian housing market.
The Cotality Home Value Index aims to measure movements in the value of Australian housing markets using a hedonic methodology. Instead of relying solely on transacted sale prices, it incorporates the attributes of properties transacting such as the number of bedrooms and bathrooms, land area, and geographic location to provide a more accurate analysis of the true value of movements across specific housing markets. This method also captures compositional changes in consumer buying patterns when measuring capital gains.
All Cotality hedonic indices such as the Cotality Home Value Index, as well as any other products based on the hedonic methodology, are revised each month for 12 months inclusive following the initial reported date. In the case of the reported daily indices, these are revised along with the standard month end indices. Each day’s result is not directly recalculated but results across the month are adjusted for the daily series to be in line with the monthly results.
Cotality’s Unimproved Land Value Index is a measure of the change in underlying land values for detached housing for various geographic demarcations. Unimproved land value (also referred to as Unimproved Capital Value) is the estimated value of the underlying land which a property is built upon, excluding any improvements on the land such as the dwelling itself and other structures (e.g., swimming pools, carports, etc.).
This is distinct from the market value of the property which accounts for both the improvements as well as the unimproved land. Leveraging a similar hedonic methodology as the Home Value Index, Cotality’s Unimproved Land Value Index is derived from a statistical analysis of observed market transactions of residential houses. The model is optimised to control for the contribution of various attributes to changes in observed market sales prices by factoring only the land area and location attributes to the hedonic model.
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In compiling this publication, RP Data Pty Ltd trading as Cotality (ABN 67 087 759 171) (“Cotality”) has relied upon information supplied by a number of external sources. Cotality does not warrant its accuracy or completeness and to the full extent allowed by law excludes liability in contract, tort or otherwise, for any loss or damage sustained by subscribers, or by any other person or body corporate arising from or in connection with the supply or use of the whole or any part of the information in this publication through any cause whatsoever and limits any liability it may have to the amount paid to Cotality for the supply of such information.
* Note: Index values for Canberra, Hobart, Darwin and Brisbane excluding Gold Coast, can be found in Monthly Movements. Qtr and Yr changes are rolling 3 & 12-month respectively. Day-to-day movements in the daily Cotality Home Value Index can be impacted by a variety of factors including the flow of transaction data and market events. We urge caution in interpreting daily movements of the index and recommend utilising the daily series to update market trends rather than emphasising short term movements. Use of the daily Cotality Home Value Index is subject to the Cotality Disclaimers located at: www.cotality.com/au/legal/disclaimers.
New South Wales Data
Contains property sales information provided under licence from the Valuer General New South Wales. RP Data Pty Ltd trading as Cotality is authorised as a Property Sales Information provider by the Valuer General New South Wales.
Victorian Data
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Queensland Data
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South Australian Data
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Western Australian Data
Information contained within this product includes or is derived from the location information data licensed from Western Australian Land Information Authority (WALIA) (2025) trading as Landgate. Copyright in the location information data remains with WALIA. WALIA does not warrant the accuracy or completeness of the location information data or its suitability for any particular purpose. Western Australian Land Information Authority owns all copyright in the location information which is protected by the Copyright Act 1968 (Cth) and apart from any use as permitted under the fair dealing provisions of the Copyright Act 1968 (Cth), all other rights are reserved and no location information, or part of the location information, may be reproduced, distributed, commercialised or re-used for any other purpose without the prior written permission of Western Australian Land Information Authority (Landgate).
Tasmanian Data
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Base data from the LIST © State of Tasmania http://www.thelist.tas.gov.au
Australian Capital Territory Data
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