Real Estate Intelligence

Melbourne Market Insight

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Filtered Listings
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of -
Median Predicted
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In current view
Good Deals
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Overpriced
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Suburb
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Predicted Price ($k)
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Beds
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Deal Signal
Property Type
All Types
About the model

Prices come from an XGBoost regression model trained on 114,594 Sold transactions (2005โ€“2026) using a time-based 70/15/15 split, with locked hyperparameters from the ML report.

The model uses 34 features: property attributes (beds, baths, land size), location (suburb, distance to CBD, train), and area demographics (income, age, population, crime). At inference, current Year and Month are injected so predictions reflect today's market level.

Test MAPE 11.83% Test Rยฒ 0.869 Test RMSE $203k

Deal Signal logic: compares asking vs predicted price. Asking >10% below predicted = Good Deal, asking >10% above predicted = Overpriced, otherwise Fair.

How to read the map

The map has two modes - toggle them using the buttons at the top right of the map panel.

Points mode - every For Sale listing is a dot, colored by Deal Signal. Click a dot to see asking vs predicted price, specs, and a link to the original Domain listing.
Suburb Choropleth - suburbs colored by their median predicted price. Hover for stats. Click a suburb to filter the entire dashboard to that area.
Valuation Map
Predicted Price Distribution
Deal Signal
Property Types
Top 10 Suburbs by Volume
Top 15 Suburbs by Median Predicted Price
Predicted Price vs ...
How prediction works

Fill in the property details below, click Estimate Price, and the XGBoost model runs directly in your browser (no server) to return a point estimate plus an 80% prediction interval.

The model is loaded once per session (~14 MB total across 3 quantile models). Predictions are calibrated against the latest weekly snapshot and reflect the current market level.

Property details
Fill in the form on the left and click Estimate Price.

The model will load on first use (~14 MB), then runs instantly in your browser.
Point Estimate
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Lower: - Upper: -
Limitations to keep in mind
Luxury range (>$2.5M): ~23% MAPE - the model is less accurate at the top end where transactions are scarce.
Budget range (<$500k): ~17% MAPE - mostly small apartments where condition variation is large.
New builds: 30% of For Sale but only 0.3% of Sold history. Predictions on new-build types carry extra uncertainty.
Cold-start suburbs: a handful of suburbs (0.03%) have no training data. The model falls back to medians.