Friday, January 25, 2013

CommBank Releases Property Guide App

It seems that housing valuations are becoming more easily accessible with the emergence of mobile apps seeking to lure buyers into one home loan or another. The Commonwealth Bank has just released their own Property Guide app which you can download for free.

From the Map view, you can see what properties are for sale, or even zoom in closer and select any property not for sale to see details about that property (your house for example).

For individual properties, you can see the
  • Commonwealth Bank Home Lenders that are willing to see how much money they can loan you. 
  • Valuation Estimate from RPData, which gives a range as well as the level of confidence that they have in the valuation. 
  • Recent Sales which shows you all the recent sales around the property that you selected
  • Suburb Insight this will tell you whether the suburb currently favours buyers or sellers depending on the availability of properties vs demand. There is also a repayment calculator to help you work out how much you can afford to borrow.
For the house hunter and for those that just like to google themselves, this app will be quite useful and indicates the way of the future with the real estate market. It would be interesting to track how many people make an enquiry on a house from the app.

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