What Data Determines Your Home’s Value?

Location intelligence powers Automated Valuation Models (AVMs), which use detailed location data to estimate property values.

These models combine detailed location data—like the building’s age, floor space, recent upgrades, and roof condition—with market insights to give a fuller picture.

This provides quicker and more informed decision making, reducing the need for time-consuming physical property assessments.

But it’s not just about the property itself.

AVMs also consider proximity to schools, transport hubs, shops, and hospitals. Zoning changes, like a shift from low-density to medium-density housing, can have a major impact on a home’s value.

Geoscape Australia partners with several real estate companies, providing comprehensive datasets that includes buildings data, geocoded addresses, administrative boundaries, cadastre, and surface features, all of which feed into these models.

But these datasets can provide more insights beyond just home valuations.

They enable insights that benefit other sectors as well:

• Emergency Resilience: Location data powers tools like the Bushfire Resilience Rating, which helps homeowners assess and manage risks.
• Renewable Energy Planning: Location data helps track solar energy trends, supporting the need for community energy storage and network upgrades.
• Net Zero Emissions Reporting: Banks use property data to calculate carbon footprints, aligning with Net Zero commitments.
• Insights for Insurers: Insurers rely on property data for underwriting, claims assessment, and fraud detection, all tied to precise property locations.

These applications enable a safer, greener future for Australia, supporting communities and industries nationwide.