Is PropertyLens a licensed valuation service?

No. PropertyLens is an AI-powered research and analysis tool, not a licensed valuation service. Our predictions are estimates based on publicly available data and AI analysis. They should not be used as a substitute for a formal property valuation by a certified valuer, nor as financial advice. Always consult qualified professionals before making property decisions.

Where does the data come from?

All our data is sourced from publicly available datasets and official APIs. This includes historical sales data from Domain.com.au and PropTrack, demographic data from the ABS Census, planning overlay data from local council open data portals, economic indicators from the RBA, commercial listings from Domain Commercial, and fitout cost data from published industry sources.

How accurate are the property price predictions?

Property price predictions are inherently uncertain — no model can perfectly predict what a buyer will pay. Our system tracks prediction accuracy against actual sale prices, and we publish these metrics transparently. Predictions include confidence scores and price ranges to reflect uncertainty. Typical accuracy varies by suburb and property type.

What commercial property features are available?

PropertyLens offers comprehensive commercial analysis including: cap rate and yield calculators, Weighted Average Lease Expiry (WALE) analysis, Debt Service Coverage Ratio (DSCR) assessment, AI-powered investment analysis, commercial fitout cost estimation for 7 fitout types (office, retail, restaurant, medical, industrial, make-good, base building), make-good cost estimation, fitout ROI calculation, and multi-city cost comparison.

Which cities and suburbs are covered?

PropertyLens is live across four major Australian cities: Brisbane (33 suburbs), Gold Coast (24 suburbs), Sydney (42 suburbs), and Melbourne (38 suburbs). All cities include residential and commercial property analysis, AI predictions, construction and fitout cost estimation, and market intelligence.

How does the AI component work?

We use Claude by Anthropic, a leading safety-focused AI model, to analyse property descriptions, comparable sales data, feature adjustments, and market context. For commercial properties, the AI also assesses tenant covenant strength, lease structures, and market positioning. The AI prediction is blended with statistical analysis to produce the final estimate.

Can I use this for construction and fitout cost planning?

Yes. For residential properties, we provide detailed cost estimates for raise-and-build, second storey additions, and basement conversions. For commercial properties, we offer fitout cost estimation covering office, retail, restaurant, medical, and industrial spaces across budget, standard, and premium grades. All estimates include phased budgets, make-good costs, and ROI calculations. These are starting points for budgeting — always obtain professional quotes.

What planning constraints does the system check?

We check local council planning overlays relevant to each city, including character housing provisions, heritage listings (local and state), flood overlays, landslide hazard, and biodiversity overlays. We also monitor Development Application activity through Planning Alerts. These constraints affect what you can build on both residential and commercial properties.

We analyse publicly available property data — we do not collect, store, or sell personal information beyond what you voluntarily provide through our contact or waitlist forms. Property analysis is based on public listing data, public sales records, and public planning data. See our Privacy Policy for full details.

Back to All Features

Residential Build Costs & Commercial Fitout Estimation

Construction & Fitout Costs

Detailed cost estimates for residential renovations (raise-and-build, second storey, basement) and commercial fitouts (office, retail, restaurant, medical, industrial). Our cost database covers published rates across four Australian cities with budget, standard, and premium grades.

Key Capabilities

What's Included

Residential Construction

Complete cost estimation for raise-and-build, second storey additions, and basement conversions. 120+ line items across 16 construction phases with three finish levels and builder type multipliers.

Commercial Fitout Estimation

Fitout cost estimates for 7 commercial types: office, retail, restaurant, medical, industrial, make-good, and base building. Rates sourced from published industry data with city-specific pricing for Brisbane, Sydney, Melbourne, and Gold Coast.

Make-Good Cost Estimation

End-of-lease make-good and strip-out cost estimation including demolition, ceiling grid reinstatement, floor restoration, services decommissioning, and professional project management. Essential for lease exit budgeting.

Multi-City Cost Comparison

Compare fitout costs across Brisbane, Sydney, Melbourne, and Gold Coast side-by-side. Understand regional cost premiums and identify the most cost-effective market for your fitout type.

Process

How It Works

Select Build or Fitout Type

Choose a residential build scenario or commercial fitout type. Specify area, finish level (budget, standard, premium), and location for city-specific pricing.

Granular Cost Breakdown

The system generates detailed cost breakdowns including base construction, professional fees (architect, engineer, certifier), contingency allowance, and phase-by-phase budgets.

ROI Calculation

Every estimate includes ROI analysis — residential builds factor in end-value estimates, while commercial fitouts calculate lease-term returns considering rent-free periods and make-good costs.

Budget Management

Generate phased budgets with line items, track budgeted vs actual costs, and monitor variance as the project progresses. Export budgets for contractor discussions.

Data Sources

All data is sourced from publicly available datasets and official APIs. No proprietary or private data is used.

ABS Producer Price Index — Construction cost inflation
Published commercial fitout rate guides
Domain.com.au — Comparable sales of renovated properties
Local Council — DA/BA lodgement fee schedules
Professional fee surveys — Architect, engineer, certifier rates
Industry rate databases — Builder, subcontractor, material rates

Key Benefits

Transparent, data-driven analysis to support, not replace, professional property advice.

Residential: 120+ line item budget across 16 construction phases
Commercial: 7 fitout types with 3 grades across 4 cities
Make-good cost estimation for end-of-lease budgeting
Multi-city cost comparison for commercial fitouts
Phased budget generation with actual cost tracking
Fitout ROI including rent-free periods and lease-term analysis

Important Disclaimer

Construction and fitout cost estimates are indicative only and based on industry rate databases and published cost guides. Actual costs vary significantly based on site conditions, builder selection, material availability, and council requirements. These estimates are starting points for budgeting — always obtain multiple quotes from licensed builders and fitout contractors.

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Discover the full range of prediction and analysis tools available.

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