IDS produces a comprehensive set of indices across a full range of residential property types and regions/areas. The combination of IDS’s AVM and Indices allows for monthly revaluation of every collateral asset on a lender’s book. This allows much simpler:
Indices are available at the ABS Statistical Area (SA), Locality, Postcode, LGA and IDS Stratum levels.
Median Price, Lower and Upper Quartile, Trimmed Mean and Hedonic indices are all available.
Vendor Expectation Error and Time on Market are measures of market momentum. They have applications in both the AVM and the Forecast AVM models.