VALUE TOOL TO RE­MOVE COST OF MISSED HOME­WORK

The Weekend Post - Real Estate - - Real Estate - MICHELLE HELE

TIM Law­less of CoreLogic RP Data said prop­erty buy­ers could be throw­ing away the equiv­a­lent of ren­o­vat­ing the kitchen if they didn’t do their re­search. He said not know­ing the mar­ket and pay­ing even one per cent more than a home was worth could equate to $5000 on a house at a fairly stan­dard price of $500,000. “If you don’t do re­search you could ac­tu­ally cost your­self a lot of money or end up buy­ing the wrong type of prop­erty,” he said. Mr Law­less said re­search should be on­go­ing. Now that CoreLogic RP Data has launched its Prop­erty Value tool, any­one could easily re­search the mar­ket, he said. Prop­erty Value, www.prop­er­ty­value.com.au, al­lows po­ten­tial buy­ers and sellers to search prop­erty in­for­ma­tion online for free. It gives data on a prop­erty, street and sub­urb, map­ping and sub­urb anal­y­sis. It has been cre­ated in re­sponse to in­creas­ing de­mand from ev­ery­day buy­ers and in­vestors for more trans­par­ent prop­erty in­for­ma­tion.

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