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Are related-party transactions included in the HomesEstimates calculations?

No.

No, the HomesEstimate is intended to provide an estimate of the price that a home would fetch if sold in a full-value, arms-length sale (e.g. the sale isn't for partial ownership of the property or between family members).  


This means that when related-party transactions for a property have been recorded by the council, we will show these transactions on homes.co.nz for that property, but ignore it for the purposes of estimating HomesEstimates in the area.

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