Capital growth potential of every property revealed
Investors and potential homebuyers are now able to access the estimated sale value and potential capital growth of 98 per cent of properties across the country thanks to a new digital tool launched today.
CoreLogic RP Data has unveiled its new digital property market tool, Property Value, which enables investors to access profiles of individual properties, streets and suburbs.
Property Value provides users with estimated sale values and a 30-year sales history. In addition, properties are scored based on their potential for capital growth, cash flow and risk.
Properties are electronically valued every week for sale and rental value.
CoreLogic RP Data head of consumer Paul Argus said the tool was created in response to increasing demand from everyday buyers and investors for more transparent property information. He said the website’s information, combined with the knowledge of local real estate agents, will help people make better property decisions.
“The comparable properties are really useful because they are tangible examples of what similar properties are selling for. In addition to this, you can use the expertise of your local real estate agent and the suburb profiles to understand how the local market is performing," he said.
“If you’re considering a couple of suburbs, you can compare them side by side using the 'compare' functionality. You can also check out the makeup of the street you’re interested in, including how many units and houses there are and whether they are likely to be rented or owner occupied.”
Property Value has various access levels available, with some information available for free. Investors can access more comprehensive information by paying a one-off fee or signing up longer term.