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PHOTO: Having an accurate understanding of the property’s value is crucial. Photo: Getty

When it comes to buying and selling, finding out what your home is worth is tricky business.

Nearly one-quarter of Australians – 23 per cent – check the value of their property every three months, according to a recent HSBC study, with many of them jumping online to find a value estimate which, nowadays, can be done within seconds.

But estimates can vary greatly depending which provider is used. To get a sense of just how much they can differ, The New Daily compared the estimated prices of a house in Melbourne and an apartment in Sydney.

The three-bedroom, two-bathroom house in Melbourne’s Fitzroy was estimated at between $981,000 and $2.019 million depending on which site was used.

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