FOR IMMEDIATE RELEASE Friday 11 December, 2015 National Media Release What s your property worth? Find out for Free at: www.propertyvalue.com.au/xmas Property Value, launched in July by CoreLogic RP Data, has become a premier property information tool now used by thousands of buyers and sellers across Australia. In fact, over 800,000 people have now used the site this equates to a whopping 66,000 user hours invested. Visitors to Property Value (www.propertyvalue.com.au) over the past six months have found out first-hand, the value in navigating the site to access myriad property data information. In celebration of its 6 months anniversary, and to coincide with the Christmas festive period, 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 login per individual, valid for one week. Offer expires on 1 January, 2015). This 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, as an example and seen in today s release, access to charting the return on a $100 investment for any two suburbs over the past 5 years. By using Property Value, every day buyers and sellers are able to estimate the value of a property, benchmark it against comparable properties for sale, for rent and recently sold and even look back over the past 30 years to see what the property has previously sold for. CoreLogic RP Data head of consumer Paul Argus said, Property Value provides more data coverage and decision-making tools than any other offering and it also works brilliantly on mobile.
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, but with a quirky twist. Assisted by CoreLogic RP Data research analyst Cameron Kusher for Property Value, the data used highlights a few things. Firstly, he said that while capital city figures tell a broad story, the experience across individual suburbs can be vastly different. This is clearly highlighted by the NSW example. Mr Kusher said, 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. 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. If you look at inner city Brisbane vs Ipswich for example you would see big differences, or alternatively, premium inner city Melbourne (Toorak) vs Mornington Peninsula (Portsea). 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
More exciting insights at: www.propertyvalue.com.au/xmas Ends. Media inquiries to: media@corelogic.com.au or mitch.koper@corelogic.com.au -1300 472 767 About Us: CoreLogic RP Data is a wholly owned subsidiary of CoreLogic (NYSE: CLGX), which is the largest property data and analytics company in the world. CoreLogic RP Data provides property information, analytics and services across Australia and New Zealand and is currently developing and growing partnerships throughout Asia. With Australia s most comprehensive property databases, the company s combined data offering is derived from public, contributory and proprietary sources and includes over 500 million decision points spanning over three decades of collection, providing detailed coverage of property and other encumbrances such as tenancy, location, hazard risk and related performance information. With over 11,000 customers and 120,000 end users, CoreLogic RP Data is the leading provider of property data, analytics and related services to consumers, investors, real estate, mortgage, finance, banking, insurance, developers, wealth management and government. CoreLogic RP Data delivers value to clients through unique data, analytics, workflow technology, advisory and geo spatial services. Clients rely on CoreLogic RP Data to help identify and manage growth opportunities, improve performance and mitigate risk. CoreLogic RP Data employs over 480 people at nine locations across Australia and in New Zealand. For more information call 1300 734 318 or visit www.corelogic.com.au Disclaimer: In compiling this publication, RP Data Pty Ltd trading as CoreLogic has relied upon information supplied by a number of external sources. CoreLogic does not warrant its accuracy or completeness and to the full extent allowed by law excludes liability in contract, tort or otherwise, for any loss or damage sustained by subscribers, or by any other person or body corporate arising from or in connection with the supply or use of the whole or any part of the information in this publication through any cause whatsoever and limits any liability it may have to the amount paid to CoreLogic for the supply of such information.