One of Australia’s top property data firms has announced that it plans to expand its insights into the property market, giving investors the ability to research markets further.
CoreLogic has announced that it is updating its comparative market analysis (CMA) tool, RP Data, to include new data points for users to analyse property markets even further.
Tracey Ah Hee, CoreLogic’s head of product, data and analytics, said the launch is the result of both customer research and listening to customer feedback.
The current update is available to real estate customers, with an investor package expected in the future.
“Everything we deliver is focused on customer value and as such, the development process is constantly ongoing,” Ms Ah Hee said.
“With this approach, in addition to the new RP Data experience, we are also continuing to roll out enhancements to our … CMA tool.”
“Because of the depth and breadth of our data, we’re in a unique position to provide our customers with more recent sales with prices, bank-grade property valuations at a glance, [and] school catchment zones and the best CMA tool in market.”
Other factors the new RP Data update property investors will be able to access in the future includes ‘similar properties’, allowing for easier appraisals by displaying comparable properties and being able to view properties based on what has been recently sold, are for sale or for rent, as well as deep historical property history data, which includes a variety of property images, floor plans and land value history.