For the first time in New Zealand there is choice in the property information market with the launch today of a new service and product, Valocity.
Produced by Auckland-based data analytics firm Data Insight, Valocity is a new Kiwi-owned and built property information, market insight and valuation service for the booming New Zealand property market.
Fusing together a combination of data never before available in New Zealand, the service includes property information at a household level containing the latest unconditional sales.
This, in turn, enables visibility of market trends as they happen instead of waiting for settled council sales data (as is the status quo).
The proprietary service also incorporates a significant amount of amalgamated data, so banks, insurance companies and clients looking for real-time property information can make decisions faster.
“Organisations that need property data can now access the latest information in real-time for the first time,” says Carmen Vicelich, founder and CEO, Data Insight.
“We are thrilled to offer the deepest, most level of insight into property data in New Zealand.
“Our specialist team has worked for months to deliver what we believe is a beautiful solution for those who need it most.”
Vicelich says Valocity uses new cloud-based technology to deliver a “flexible and tailored” system so clients can create unique and branded views and reports.
“The establishment of an alternative supplier of property data is long overdue to challenge a monopoly that inherited the data as a former State Owned Enterprise that now has the majority of its ownership based offshore,” she adds.
The team at Data Insight has doubled every six months since launching in April 2013 and is already working with every major bank and insurer in the New Zealand market.
“We are so proud to deliver so many firsts in data, technology, flexibility and innovation today,” Vicelich adds.
“We’re excited about the future and looking forward to bringing greater choice, speed and flexibility in the provision and analysis of data.”
According to Vicelich, Valocity is aimed at lenders, insurance companies, government departments and those in the property sector wanting faster, deeper insights.