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.
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