Interesting RP Data article

http://www.rpdata.net.au/indices/pdfs/ABF_DRAFT_Article.pdf

Including development of automated valuation models

 

There's no doubt RPData is a great tool and absolutely necessary for businesses in RE to research and know their markets more intimately. However, it's new feature of providing online "valuations" should be taken only as a loose guide, as the range they provide can be enormous (I had one recently of between $510-748K!). Statistics can only reveal so much, and don't take into account improvements and other factors that only being "on the ground" can provide, as an insight into ascertaining the likely value of a property.

Their maps are fantastic, however, and the new easy to use format has improved the usage as well.

Though it's not cheap to subscribe, any serious investor who's got the time and money to invest in this system should consider it, especially if they're purchasing multiple properties over a period.