Average Australian Mortgage Size in 2023
29 Nov 2023
What is RP Data?
When you’re thinking about buying a property, it’s important to learn as much about the property as you can before you purchase.
RP Data property reports can help you by giving you an estimated property value, as well as information about recent sales in the area and other valuable suburb insights.
RP Data (rich property data) is a subscription product that gives you access to 20 years' worth of property data collected by property research company CoreLogic.
An RP Data report will give you extensive information about the property you’re planning on buying or selling. RP Data reports are the most reliable source of information if you’re planning on buying a property or if you just want to learn more about a local property market.
Each RP Data report includes an estimated price range for the property, recent sale prices for similar properties in the area, details of nearby properties that are on the market, information on the suburb’s performance and a suburb profile.
RP Data is mostly used by real estate agents but it can also help you make smarter property decisions if you’re thinking about buying or selling.
RP Data lets you do your homework on the property market before you buy or sell. If you’re thinking about buying, RP Data can tell you the estimated price range of the property you’re interested in and what similar properties in the area have recently sold for. This can help you see if the property you want to buy is overpriced and how much you should be offering for it as a result.
Similarly, if you’re selling, RP Data can tell you what’s currently on the market and what it’s being offered for, which can help you price your property competitively. You can also find out how property in your suburb is performing including changes in the median sale price, which can tell you if now is a good time to sell or if you should wait it out.
If you’re looking for an investment property, RP Data can also estimate the investment rental yield to help you with your purchase decision. It can also tell you what has been the capital growth trends for the area you’re looking in.
1. The estimated price range of the property
A property report will give you an indication of how much a property is worth. This is based on a number of factors including the recent sale prices for comparable properties in the area. Obtaining a property report before buying or investing will help you understand the value of the property.
2. Recent sales of similar properties in the area
You will be able to see details of recently sold properties in the area including the date they were sold, land size, number of bedrooms, number of bathrooms and garage size.
3. What’s on the market
The property report will provide detailed information about properties currently listed for sale.
4. Suburb Property Performance
You can find out more about how property in a suburb has performed over the past 10 years including changes in median price, sales per annum and the recent median sale price broken down by month.
5. Suburb Profile
The property report will provide you with some insights into the suburb's demographics, such as household occupancy, household income and household structure.
It includes a range of useful information about the property that you’re interested in so you can make a well-informed decision about whether to buy.
To receive your free property report, check out our property report page. Alternatively, you can call us on 1300 686 631.
As Australia's leading online lender, loans.com.au has been helping people into their dream homes and cars for more than 10 years. Our content is written and reviewed by experienced financial experts. The information we provide is general in nature and does not take into account your personal objectives or needs. If you'd like to chat to one of our lending specialists about a home or car loan, contact us on Live Chat or by calling 13 10 90.