Propertyvalue.com.au is giving one-week free access
What’s your property worth?
Property Value, launched in July by CoreLogic RP Data, is an online tool for buyers and sellers to estimate the value of a property in Australia, benchmark against comparable properties for sale or rent and even look up the history over the past 30 years to see what that property has previously sold for.
More than 800,000 people have used www.propertyvalue.com.au so far, which works out to 66,000 user hours invested.
CoreLogic RP Data is giving away one week free access to Property Value - redeemable at:
www.propertyvalue.com.au/xmas (Valued at $49.00 the offer is for one x log in per individual, valid for one week. The offer expires on January 1).
The offer also includes access to new site additions including: local schools with Naplan scores, development approval data for properties, streets and suburbs, scatterplot charting and access to charting the return on a $100 investment for any two suburbs over the past five years.
“Property Value provides more data coverage and decision-making tools than any other offering and it also works brilliantly on mobile,” CoreLogic RP Data head of consumer Paul Argus said.
“It’s a great tool for anyone looking to buy or sell property, particularly investors. Every street and property holds its own profile. Suburbs can be compared side by side and estimated rent and yield scores can be assessed.
“A perfect scenario showcasing the functions and attributes housed in the Property Value site, and included below, is our extraction around picking and comparing the best performing suburbs over time,” he added.
Assisted by CoreLogic RP Data research analyst Cameron Kusher, the data used highlights a few things.
Firstly, while capital city figures tell a broad story, “the experience across individual suburbs can be vastly different,” he said.
This is highlighted by the NSW example. “Most people would have anticipated that a market like Mosman would have outperformed Parramatta, however, this hasn’t been the case. It actually highlights that new investment in a region generally has a positive impact on housing demand and subsequently property values,” Kusher said.
“The data also highlights that picking winners in the market is very difficult which is why investment in the housing market should be a long-term investment not a punt on short-term gains.”
See below - real-time examples broken down as follows:
• NSW – Premium vs. up and coming (Mosman vs Parramatta)
• QLD – Brisbane inner city vs Gold Coast (Newmarket vs Southport)
• VIC – Toorak vs Canterbury (premium suburbs)
• WA – Battle of the beaches
NSW – Premium vs. up and coming (Mosman vs Parramatta)
• Would turn $100 into $185 over 5 years if invested in Parramatta
• Compared to $125 if invested in Mosman
VIC – Toorak vs Canterbury (premium suburbs)
• Toorak was ahead until the last few months where Canterbury growth has increased significantly
• $100 invested in Canterbury in Dec 2010 would yield $135 today
WA – Battle of the beaches
• Returns on Scarborough investment overtook Cottesloe in Dec 2013
• $100 invested in Cottesloe in Dec 2010 would yield $95 today
QLD – Brisbane inner city vs Gold Coast (Newmarket vs Southport)
• Neck and neck over last 5 years with Southport experiencing a dip in 2012 followed by recovery in 2015