Book a call ↗Acquisitions · Updated Sept 2026
What Are Comparable Sales (Comps) in Property Valuation?
Formula / Rule: Fair Market Value = Settled Sales of Equivalent Land, Condition & SA1 Street Score
Ripehouse Benchmark: Settled Sales Within ≤ 90–180 Days on Matching Street Score Blocks. Check any market live in our Suburb R-Score tool or Street Score tool.
How to Read Comparable Sales Analysis (Comps) in Australian Property
| Reading / Tier | Market Interpretation | What It Means for Property Investors |
|---|---|---|
| Inferior Comparable | Smaller land, unrenovated, or lower Street Score | Sets the floor price below the subject property |
| Direct Comparable | Matching land size, dwelling, and SA1 Street Score | Establishes true current bank valuation range |
| Superior Comparable | Larger land, renovated, or higher Street Score | Sets the ceiling price you must not pay above |
How selling agents use mismatched comparables—and how to spot it
At almost every open home, the selling agent hands out a sheet of three recent sales that justify a high price guide. When you run those three addresses through the Ripehouse Street Score (/streets), you will frequently discover that the high-priced sales occurred on 75–100/100 owner-occupied streets while the listing being sold sits on a 25/100 block. Checking the Street Score takes 10 seconds and saves tens of thousands at the negotiation table.
Top Australian Suburbs Measured this Month (Sept 2026)
| Suburb | State & Council (LGA) | R-Score | Median Price | Gross Yield | Vacancy | Drill Down |
|---|---|---|---|---|---|---|
| Docklands (3008) | VIC · Melbourne | 100/100 | $1,152,000 | 16.2% | 7.4% | Suburb · Streets → |
| Alice Springs (0870) | NT · Alice Springs | 100/100 | $355,000 | 15.4% | 2.1% | Suburb · Streets → |
| Weyba Downs (4562) | QLD · Sunshine Coast | 100/100 | $1,001,000 | 15.1% | 11.1% | Suburb · Streets → |
| Goodmans Ford (2575) | NSW · Upper Lachlan Shire | 100/100 | $380,000 | 14.9% | 25% | Suburb · Streets → |
| Bunyan (2630) | NSW · Snowy Monaro Regional | 100/100 | $380,000 | 14.6% | 0% | Suburb · Streets → |
| Knowsley (3523) | VIC · Greater Bendigo | 100/100 | $540,000 | 10.6% | 12.5% | Suburb · Streets → |
| Mia Mia (3444) | VIC · Greater Bendigo | 100/100 | $250,000 | 10.4% | 11.1% | Suburb · Streets → |
| Myalup (6220) | WA · Harvey | 100/100 | $435,000 | 10.2% | 5% | Suburb · Streets → |
Apply the Data to Your Portfolio
Want our research team to apply these 27 indicators to your next property purchase?
Book a free 15-minute discovery call with Ripehouse Advisory. We will review your equity, borrowing capacity, and show you how our suburb and street screening works in practice.
Keep Exploring the Glossary
Gross Rental Yield
Rental Vacancy Rate
Ripehouse Suburb R-Score
Ripehouse Street Score
Days on Market (DOM)
Owner-Occupier Ratio
Comparable Sales Analysis (Comps) FAQs
Frequently Asked Questions: Comparable Sales Analysis (Comps)
What Are Comparable Sales (Comps) in Property Valuation?
Comparable sales (or “comps”) are recently settled property transactions (typically within the past 3 to 6 months and within 0.5 to 1.5 kilometres) that share the same land size, bedroom/bathroom configuration, building condition, and street quality as the property being valued. Bank valuers and buyer’s agents use settled comparable sales—not current advertised asking prices—as the primary legal evidence of what a property is worth today. Ripehouse Advisory cross-checks every comparable sale against its Ripehouse Street Score so a home on a 25/100 street is never valued against a sale on a 100/100 street.
How is Comparable Sales Analysis (Comps) calculated or measured in Australia?
Comparable Sales Analysis (Comps) is measured using the formula: Fair Market Value = Settled Sales of Equivalent Land, Condition & SA1 Street Score. Ripehouse Advisory’s target benchmark band is: Settled Sales Within ≤ 90–180 Days on Matching Street Score Blocks.
How can I check Comparable Sales Analysis (Comps) for any Australian suburb or street?
You can inspect live monthly R-Scores, median prices, weekly rents, gross yields, vacancy rates, and ABS SA1 Street Scores across 15,000+ suburbs and 518,400+ streets for free at ripehouseadvisory.com.au/suburbs and /streets.