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RBA Glossary definition for Indicative

Indicative – Data are not necessarily observed but calculated from reference points. For a financial asset or product, an �indicative� price may not necessarily correspond to the price at which dealers in that market would execute transactions; for an example see Notes for Table F11.

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Appendix B: Comparison to Residual Land Valuations

5 Aug 2020 RDP 2020-04
Keaton Jenner and Peter Tulip
These estimates are based on industry consultation and expert judgement. Table B1 shows their indicative estimates as of June 2019 (Ciesielski 2019). ... Average across cities. 84. Note: Indicative values of sites based on potential high density
https://www.rba.gov.au/publications/rdp/2020/2020-04/appendix-b.html

The Apartment Shortage

5 Aug 2020 RDP 2020-04
Keaton Jenner and Peter Tulip
Research Discussion Paper – RDP 2020-04 The Apartment Shortage. Keaton Jenner and Peter Tulip. August 2020. 3,815. KB. 1. Introduction. Australian cities face a shortage of apartments. The severity of this shortage can be gauged by the difference
https://www.rba.gov.au/publications/rdp/2020/2020-04/full.html

Directions for Further Research

5 Aug 2020 RDP 2020-04
Keaton Jenner and Peter Tulip
We assume that sales within five years of construction are indicative of the returns developers might expect.
https://www.rba.gov.au/publications/rdp/2020/2020-04/directions-for-further-research.html