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A new initiative is offering investors and home buyers free and instant access to residential property valuations via Facebook.
Launched by RP Data, the initiative aims to provide consumers with the transparency and confidence needed to manage the country’s largest asset class in what is a somewhat confusing market time.
Speaking about the launch, RP Data’s chief executive Graham Mirabito said the company wanted to help Australians make informed decisions about property.
“Australian residential property is now worth over $3 trillion which is three times more than the stock market value. “Through our free residential property valuations opportunity, we want to make sure people are not selling themselves short during these current slower than normal times in the market,” he said.
“Our aim is to help consumers understand the real value of a property through using this Facebook app to connect them to industry professionals for advice - we believe it’s our role to educate the media, empower industry professionals and inform consumers by showing them how to research residential property.
“As the largest provider of property data and analytics to banks, government and real estate professionals, we feel it’s important consumers get access to the best databases in the country.”
RP Data will offer up to three valuations per person via the company’s Facebook page for the next six months. “This will allow consumers to see first-hand just how properties fare for value right now.
Once consumers have registered for a free valuation, the results will be updated each month for every property of interest registered. Additionally, they can click through to our website and download free suburb profiles and statistics on every suburb in Australia,” Mr Mirabito said.