Property data and analytics firm CoreLogic has turned to GIS to present the results of their latest report on the Australian property market.
The report, titled Mapping the Market, compares median property prices in December 2017 to December 2012, and is built around Esri’s ArcGIS platform. Users are walked through a spatial presentation of key trends and findings for each state and territory’s capital city and invited to drill down to suburbs of interest.
The data presented in the app represents over 98 percent of the Australian property market.
Matt Lythe, head of geospatial solutions, said that use of GIS technology assisted in discovering property trends valuable to investors and those looking to enter the market.
“At a glance, consumers can gain an understanding of the median house prices relative to the suburb’s distance from the CBD allowing them to make better informed decisions whether they are buying or selling,” he said.
Francisco Urbina, Esri Australia’s lead technologist, said advanced location-based analytics can help predict and visualise patterns and trends, contextualising evidence-based data.
“For those industries vested in the Australian property market, spatial technology delivers the advantage of being ability to quickly and accurately identify critical data by literally painting a picture of the information that matters,” he said.