‘Property Value’ tool hits the market
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‘Property Value’ tool hits the market
Posted on Friday, July 03 2015 at 12:47 PM
As announced in this month’s Australian Property Investor magazine (which is on sale now, folks!), property data and research company CoreLogic RP Data has today launched its new consumer property information website Property Value (www.propertyvalue.com.au).
Described as an “all-you-can-eat
data buffet”, it’s set to help homebuyers, sellers and investors achieve an
active reading of a property’s performance as well as deliver updates on
current market conditions prior to a purchase or sale.
The website and tool, which
comprises both free and subscription-based elements, was created in response to
an increasing demand from everyday buyers and investors.
“It’s our hope Property Value
will help Australians make more informed and better property decisions and
ultimately put them in a better financial position,” CoreLogic RP Data head of
solutions Greg Dickason says.
The site provides extensive data
coverage and decision-making tools and also works on mobile. Every day buyers
and sellers can estimate the sale value of a property and take a much deeper
dive into data before deciding on which property to buy and where, by using the
benchmarking option, and analyse comparable properties for sale, for rent and
recently sold. Users can even look back over 30 years to see what the property
has previously sold for, how long it’s generally taken to sell and whether it’s
been rented.
Investors are also provided with
a unique estimated rent and yield for individual properties in addition to “Investor
Scores”, which score a property and its surrounding suburb in relation to cash
flow, capital growth and lower risk investment strategies.
It’s not just about individual
property, though. Each street and suburb has its own profile – giving further
insight into the surrounding areas. If a buyer’s considering a couple of
suburbs, these can be compared side-by-side using the “compare” function. Users
can also check out the make-up of the street they’re interested in, including
how many units and houses there are and whether they’re likely to be rented or
owner-occupied.
In a nutshell, then, Property
Value helps investors to:
- Understand what a property
might be worth by comparing its estimated market value with comparable recent
sales - Perform due diligence on
investment opportunities - Locate capital growth
information for states, cities, suburbs, streets and individual houses - Easily find auction clearance
rates - Identify vendor discount rates,
rental yields, vacancy rates and demographic information.
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