New player undercuts QV.co.nz's prices for online reports

Data Insight sets up online property information and valuation reporting tool to compete with QV.co.nz

Property

Data Insight sets up online property information and valuation reporting tool to compete with QV.co.nz

30th May 16, 2:44pm by Greg Ninness

A price war may be about to break out in the online property sales and valuation report market, with a new entrant setting up in competition to established player QV.co.nz

Myvalocity.co.nz is offering similar property-based reports to those provided by QV.co.nz but some of Myvalocity.co.nz's reports are a few dollars cheaper.

For example Myvalocity.co.nz is offering an online valuation of a property for $44.95 compared to the $49.95 QV.co.nz charges for its online valuations and Myvalocity.co.nz will also provide a building consent report for $3.95 compared the $4.95 charged by QV.co.nz.

People will also be able to look up council rating valuations at no charge on Myvalocity.co.nz, while QV.co.nz charges $3.25 for this service, even though many councils publish the information free on their own websites.

Myvalocity.co.nz has been set up by Data Insight, a company which already competes with Quotable Value by providing banks with panel valuation services.

Until now Data Insight has restricted its activities to providing property-based information and research services to corporate clients but with Myvalocity.co.nz the company will now be offering services to the general public as well.

Here are links to the Myvalocity.co.nz and QV.co.nz websites.

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11 Comments

by rp | 30th May 16, 3:12pm 1464577931

looks like a very good new service

by Yvil | 30th May 16, 4:07pm 1464581230

Love competition

by Simon | 30th May 16, 4:43pm 1464583411

Greatvto see. Qv are terrible. I don't need any convincing to start shopping around

by Boatman | 30th May 16, 5:34pm 1464586482

Excellent news , I always have a problem when there is a monopoly in the provision of informati , particularly where it is the resale of the same information over and over again . This is neither productive nor healthy in a free market economy .

by Joe Public | 31st May 16, 12:22am 1464610947

What a rip off. In the UK rightmove and zoopla offer this for free. Recent house price sales and estimated valuations for any property in the uk.

Realestate.Co.nz should offer the same service and win back the properties listed on trade me.

by bigblue | 31st May 16, 7:17am 1464635826

www.homes.co.nz is free and provides an estimate of value of any home

by Carlos67 | 31st May 16, 11:29am 1464650969

Not sure where they pull those numbers from, looks pretty wild to me. Still everything way over CV. Quite useful if you click on the price, the sales history comes up on some properties.

by President of P… | 31st May 16, 9:56am 1464645376

Wow. Just a heads up.what a load of bollocks.
Just download QV app for free CV information and current price range predictions if you don't want to trouble yourself from using council websites for the same free CV information and as for historical prices blow your mind to pieces with the wealth of knowledge on the trade property app. Every sale zoom in soon out click each sale for more details info like sale date etc. In standard and satellite format. This information is free. Just the same as if your due a tax refund is freely available on the IRD website - no need to get this through a third partly that clips the ticket when the information is already freely available in a easy to search format.
Hope you like that heads up little gem folks. Sometimes I can't resist sharing my closely held secrets.

by Northland Hippy | 31st May 16, 1:14pm 1464657258

Computer valuations are less accurate than CV's. You are dealing in averages, unless you know the comparison properties the comparison is guessing. If you are serious about wanting to know approximate fair value, try a good, experienced real estate agent or pay a professional valuer.

by President of P… | 31st May 16, 2:27pm 1464661660

Ummm. I think you'll find CV's are computer generated valuations because that's what they are. But yes, registered valuations are usually more accurate - depending on other sometimes influencing factors.
President of Property

by xk | 31st May 16, 10:31pm 1464690711

Please, don't rely on computer generated values. That's like having one foot in a pot of boiling water and the other in a bucket of ice, then declaring everything is sweet! A real valuer will actually look at the property and the comparable ones which have sold, then make his/her call as to the value.