1. What is Property Value Percentage Increase?

The percentage increase calculation measures how much a property's value has grown over time, relative to its original value. This metric helps homeowners and investors understand appreciation rates by postcode area.

2. How Does the Calculator Work?

The calculator uses the percentage increase formula:

Where:

• New Value — Current property value
• Old Value — Original purchase price or previous valuation

Explanation: The formula calculates the relative change as a percentage of the original value, providing a standardized way to compare appreciation across different property types and locations.

3. Importance of Tracking Property Value Changes

Details: Monitoring value changes helps homeowners understand equity position, investors assess ROI, and provides data for refinancing or selling decisions. Postcode-level analysis reveals local market trends.

4. Using the Calculator

Tips: Enter the postcode for location reference, original property value (without commas), and current estimated value. Values should be in the same currency for accurate comparison.

5. Frequently Asked Questions (FAQ)

Q1: How often should I calculate property value changes?
A: Annual calculations are typical, but quarterly may be useful in volatile markets or when considering selling.

Q2: Should I include renovation costs in the old value?
A: No, renovations are capital improvements. Track them separately as they may increase the new value.

Q3: What's a good percentage increase for property?
A: Varies by market. Historically, 3-5% annually is considered healthy, but postcodes can vary significantly.

Q4: How accurate are online property valuations?
A: Automated valuations provide estimates. For precise figures, consult a licensed appraiser in your postcode.

Q5: Does this account for inflation?
A: No, this shows nominal increase. For real value change, adjust old value for inflation first.