CoreLogic NZ’s latest ‘Mapping the Market’ report offers location analytics using geospatial tools.
CoreLogic property economist Kelvin Davidson said: “The constantly changing dynamics of the New Zealand property market means that many would-be homeowners often find it challenging to understand which suburbs currently match their home-buying budgets.”
The updated visualisation tool uses geographic information system (GIS) – and millions of datapoints in the background – to deliver an easy-to-interpret explanation of the current property market. By clicking on any particular NZ suburb, readers can instantly see its current median property value.
With new attributes now added to the Mapping the Market tool, users can quickly see current median values, as well as values a year ago. Each suburb’s change in the past year can also be viewed in percentage and dollar terms. The map is also colour-blocked and, as Davidson notes: “At a glance, it’s very easy to see which local suburbs sit within a particular budget and which have changed the most or least. For example, Auckland has a distinct tinge of cool grey/blue, indicating a soft market over the past year. By contrast, Dunedin has a sunnier disposition, with the yellow shading indicating the strength there over the past year.”
In addition to the visual demonstration, the smart map also provides key market commentary from the CoreLogic research team, with data highlights and trends provided for each major city. However, users can easily focus in on any part of the country they want.
