What’s their sales history what’s the ownership profile are there more investors are their own occupiers all that sort of stuff is is what we would generally find property investors be using IP data for so give some context to property this is probably this as always what more I’m one of them and we always want stuff for free and that’s the way it is but to give some context globally is the sophistication of the tools available to the average property investor in Australia.
How does it stack up to other OECD countries with example like England or the US do we have better analytics here as the just a common consumer versus our counterparts in other parts of the world it’s it’s similar I’ll go that far initially so it really comes back to data analytics obviously build on on data availability so in Australia we are very lucky that we have a very transparent well regarded tidal system each of the state governments every single property that transactions in Australia.
That record is collected by the state government and they sell that to data aggregators like like ourselves so it really comes back to them what do we do with that base level of data it comes back to matching it up with other sets of data so think about the typical property transaction will see in Australia the government record that comes through it’ll have a few key pieces of information it’ll have what the property sold for the day that sold on the price sometimes who purchased it and who sold it in a bit but not in every state it’ll have the property identifier so the lot and plan number generally will show.
The size of the lot sold and but getting really important information like how many bedrooms does the property have how many bathrooms what’s its elevation what’s the zoning on the property that’s all additional information we need to then plug onto that property record www.sydneypropertyvaluations.net.au so even though a state-based transactional data is the real base of our a property records system it’s matching that data up with listings information with Town Planning data with demographic information.
Economic information building approvals data all the sort of stuff which really paints the whole picture of the housing market and gives you a much clearer and transparent view of the property now if you look at other markets around the world the u.s. is probably the best example they’d have a very similar tidal system but they don’t have the same level of transparency a level of detail in their property records but they do have some additional information for example every single property record in the US you can see how much debt is held against it for example is there a lien against the property and so forth which is something.