Overview
The Acquisitions Team at Investorkit relies on CoreLogic as a primary data source to assess market trends, analyse property values, and conduct due diligence on potential acquisitions. CoreLogic provides comprehensive real estate data, analytics, and insights that empower our team to make informed investment decisions for our clients.
Why CoreLogic?
CoreLogic is the leading provider of property data in Australia, offering:
- Real time market insights
- Comparable sales and rental data
- Suburb level performance analytics
- Automated valuation models (AVMs)
- Property ownership & history reports
- On the ground agent intelligence
Key Tools & Features Used by the Acquisitions Team
1. RP Data Professional
RP Data Pro is the go-to platform for property research and analysis. The team uses it for:
- Property Reports – Generating property specific insights, including ownership details, past sales, zoning information, and risk factors.
- Comparable Sales Analysis – Finding recent sales data to determine fair market value.
- Automated Valuations (AVMs) – Cross-referencing property values with market trends.
- Suburb & Market Trends – Tracking market performance to validate investment opportunities.
- Owner & Agent Contact Details – Identifying key stakeholders for property negotiations.
For mobile access, the team can also use the RP Data Pro Mobile App.
2. Market & Suburb Research
Before acquiring a property, the acquisitions team deep dives into suburb level data:
- Growth Trends – Identifying capital growth potential.
- Demographic & Economic Data – Understanding local demand drivers.
- Rental Yield Analysis – Ensuring strong rental income potential.
3. Due Diligence & Property Vetting
Every property must pass Investorkit's 21-Point Due Diligence Checklist, with CoreLogic providing essential data for:
- Historical Sales & Rental Data – Ensuring price accuracy.
- Days on Market & Selling Trends – Evaluating how competitive the property is.
- Property Attributes & Zoning – Ensuring compliance with investment criteria.
- Risk & Environmental Factors – Checking for flood zones, bushfire risk, and overlays.
4. Negotiation & Pricing Strategy
To strengthen negotiation strategies, CoreLogic data helps the team:
- Assess fair market value – Ensuring we do not overpay for a property.
- Identify seller motivations – Using historical sales data and agent feedback.
- Track recent price reductions – Capitalising on price adjustments.
- Compare multiple properties – Benchmarking against similar sales to ensure a competitive advantage.
CoreLogic Academy & Continuous Learning
The team can enhance their expertise through CoreLogic Academy resources:
Best Practices for Using CoreLogic
- Always cross-check CoreLogic data with on the ground insights.
- Use the RP Data Pro app for mobile research when working remotely.
- Leverage comparable sales before negotiating purchase prices.
- Keep up with CoreLogic training & updates to maximise tool effectiveness.
For more details, refer to the Acquisitions divison SOP or reach out to your leader.
Need Help?
Reach out to your leader or helpdesk@investorkit.com.au