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Facebook initiative paves the way for free property valuations

Facebook initiative paves the way for free property valuations

June 21, 2011

Finding out what a property is worth is now as easy as updating your status. For the next six months, RP Data – Australia’s largest provider of property data and analytics to banks, government and real estate professionals – are offering up to three free property valuations per person. And it all happens via the company’s Facebook page.

According to RP Data’s chief executive Graham Mirabito, the initiative was prompted by a lack of transparency in the currently confused housing market. Mirabito said the company felt there was a need to help Australians make better informed decisions about their property purchases and mortgage services.

The Australian property market is valued at over $3 trillion – three times more than the stock market – and Mirabito says the free valuations will help vendors make sure they are not undervaluing their property during the current downturn. Consumers will then be able to see for themselves a realistic portrait of current property values.

RP Data’s Facebook app will connect uses to a database of industry professionals who can provide advice for free and teach people how to properly research the market.

To receive your free valuation click here.

Once you have registered, results are updated monthly. Alternatively, you can click through to RP Data’s website and download free statistics on every suburb in Australia.

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