Property Value goes live
The Property Value website is live! This much-anticipated CoreLogic portal provides property information for most Australian residential properties. With a "freemium" pricing structure, it's expected to have a major impact on the Australian property data industry, and ToolTwist built it.
A property tool for everyone
Property Value is a great tool to:
- Understand what a property might be worth by comparing its estimated value with comparable recent sales and its last sale price.
- Perform due diligence on investment opportunities, including assessing a property's estimated rent, yield, and gross cashflow.
- Look back up to 30 years to see what a property has previously sold for, how long it has generally taken to sell, and whether it has been rented.
- Locate capital growth information for states, cities, suburbs, streets, and individual houses.
- Check vendor discount rates, rental yields, vacancy rates, and demographics at a suburb level.
Built using ToolTwist following responsive design principles, the website puts property information directly in the hands of people looking at houses, whether on a desktop, tablet, or mobile phone.
What ToolTwist built
Property Value (and its predecessor MyRP) is the consumer-facing pillar of the Australian property data ecosystem, designed to give everyday Australians the same depth of data previously reserved for banks and real estate professionals. ToolTwist was the primary technology partner, using the ToolTwist Framework to build both the frontend and backend of these high-traffic portals.
That meant solving the hard parts that come with going public:
- Scale. Unlike an internal bank tool, a public portal has to absorb unpredictable spikes from millions of unique users, so it was engineered for extreme horizontal scalability across a database of 10 million-plus Australian properties.
- On-demand commerce. It was one of the first platforms to let consumers buy individual property and suburb reports on demand, which needed a secure, seamless payment and digital-delivery pipeline behind the "freemium" model.
- Speed and SEO. Competing in online real estate demanded lightning-fast page loads and a structure built for search-engine indexing, with a search-centric interface that lets users instantly find any property and view a rich, visual summary of its history and value.
Read the full story
The detail on the challenge, the solution, the impact, and ToolTwist's involvement is written up in the case study.