The Real Estate Institute of Victoria (REIV) has partnered with PointData to provide its agent network with artificial technological capabilities.
The partnership will REIV agent network take advantage of Australian-first data and analytics capabilities, equipping them with the power to unlock the full potential of a residential property.
With the partnership, agents will be able to utilise PointData’s Micro-Market Price Index, which provides growth trends at a granular neighbourhood level.
Meanwhile, REIV and PointData will be launching ViewPoints, a new publication for agents.
The partnership will also provide data feeds for real estate businesses and tools for buyers’ agents that can help them access over 510,000 off and on-market development sites.
For instance, PointData’s Development Report can help agents update their listings, show the full development potential, and increase the market traction of the property. This will ultimately help them place a better price tag and increase the speed of sale for their vendors.
REIV CEO Quentin Kilian said all these new capabilities will improve the group’s data insights and will help give members an edge to help drive listings via stronger conversations with vendors.
“AI technology is transforming real estate, providing real-time data and analytics that enable agents to make informed decisions, and PointData is at the forefront of this new paradigm,” he said.
“This technology is unlocking new possibilities, improving efficiency, and ultimately delivering a better experience for buyers and sellers.”
PointData's CEO George Giannakodakis said what they offer to the partnership is the opportunity to have an “unparalleled” level of dynamic real estate data and knowledge.
“Our algorithms have been developed over several years and will provide competitive advantages to the industry in Victoria with its ease of use, speed and accuracy,” he said.
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Photo by AndreyPopov on Canva.
