How Computers Will Start Taking Over Your Home Valuation

Author: Scott Matthews. This article first appeared in the AFR.

One of the big questions being asked in Australia’s property sector at the moment is whether machines are starting to take over the task of valuing homes.

Chess, played since the 7th century, is a mastermind game steeped in tradition and focused on strategy, but over the years that strategy has become the focus of attempts to build a machine that can outplay the game’s best.

In 1997 IBM’s Deep Blue supercomputer famously…