Bankwest has launched a new feature in its app designed to help both brokers and borrowers better determine the price of a property. The rollout comes as property prices continue to climb nationwide and interest rates remain elevated, alongside Bankwest’s ongoing expansion as it strengthens its broker channel strategy.
The new property estimate tool is Bankwest’s latest investment in the digital space, aiming to answer the question: what could this property be worth?
"The property estimates feature adds to a growing range of in-app experiences that help customers manage their money easily and hit their property goals," said Bankwest General Manager Origination and Lending Experiences Frances Fattoretto. “The new property estimates feature aims to deliver to customers fast market insights that offer a clearer view of their options when they’re having those important conversations about buying or renovating a home.”
Powered by Cotality data, the tool provides estimated price ranges for residential properties, helping prospective buyers compare listings and plan their next move with greater confidence. Estimates are based on factors including recent sales data, market conditions and current listings. The feature also gives homeowners a clearer picture of their equity position, supporting more informed decisions around refinancing, investing or renovating, the company said.
Bankwest said the feature builds on its growing suite of digital tools, designed to "put housing market insights into the pockets of customers." The app aims to help users plan ahead, set financial goals and approach conversations with brokers and lenders with greater confidence, the company said.
"The property tab is one of the most visited sections of the Bankwest app, so it made sense to build more value into it and bring useful insights to a place that customers already check regularly," Fattoretto explained. “Access to property intelligence helps make it easier for customers to move from uncertainty to action, whether they’re thinking about using their equity or planning their next purchase."
The latest feature from Bankwest, which is a division of Commonwealth Bank (CBA), underscores the lender’s continued push into the broker channel, even as competitors ramp up investment in their proprietary lending networks.
Ian Rakhit, Bankwest's general manager home buying distribution, said 94% of Bankwest's home loans are written by brokers, with 9.7% of all broker loans across the country having been written by Bankwest brokers, as of December 2025.
"Our ambition is to get to 12%; we have an ambition to be the best broker bank in Australia," Rakhit told Australian Broker. "Customers like and value the expertise of a broker, in increasing numbers. They value that human-to-human connection.
"It's that kind of return on investment that allows us to continue to push ahead with our solutions," he added.
