Free Property Data To Hurt Competition

trademeProperty investors have been paying for property data via service providers like RP Data, QV and Property Guru.  However this is about to change now Trade Me is offering it for free.

Many investors who frequent PropertyTalk say they pay a monthly fee for the service as it speeds up their buying decision.  Knowing the sales history and comparable property sales data assists in determining a fair price for a property within a given area so it assists any type of home buyer.

Trade Me Property say their iphone/ipad app now allows users to access both the property sales history data  and comparable sales information on homes in the main centres of the country.  All other areas will be coming online in the not too distant future and also an Android app version too.

This is a game changer for Trade Me who have arguably been losing ground lately to their main competitor; the property listings site realestate.co.nz.  However now they will reap the rewards for releasing this information free of charge on a handy mobile app.

A Trade Me backed website homes.co.nz is also online in beta mode offering property data information for Wellington while it’s in test mode before releasing it for other areas around the country. Finally it looks like New Zealand will be catching up with the tools available on property listing websites overseas.

PropertyTutors knows the value of property search data as New Zealand’s leading provider of property investment mentoring services.  Via their Property Masters program their clients purchase hundreds of properties every year.   Property sales data is fundamental so Trade Me’s free service will be well utilised by investors, home buyers and sellers.

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