How to Access Your Free CoreLogic Property Report
Step 1 – Enter a suburb
Tell us the suburb you’re interested in to access your CoreLogic Suburb Report.
Step 2 – Cotality (formerly CoreLogic) compiles your report
Cotality gathers the latest market data to create a comprehensive suburb-level market summary.
Step 3 – View your report instantly
You’ll be taken straight to the suburb report page, with insights available immediately.
What is a CoreLogic Suburb Report?
Similar to a CoreLogic Property Report, a suburb report helps both property investors and prospective homebuyers evaluate the property market to make informed, data-driven decisions. However, the CoreLogic Suburb Report aggregates data on a suburb level rather than an individual property level to give a detailed overview of regions to buy in. Suburb reports combine property sales data for the last 12 months, median property values, days on the market, rental statistics, and even demographic information.
CoreLogic reports are powered by their RP Data platform, and are the most widely used property database in Australia.
What Does the CoreLogic Suburb Report Include?
A CoreLogic Suburb Report compiles a range of data to give you a summary of a full suburb’s property market in one downloadable report:
- Core suburb data: A count of properties currently on the market or listed in the past 12 months, including median property values and trends.
- Market performance: Sales history activity, including days on market, to evaluate how active the local market is.
- Returns insights: Sales values to gauge returns and rental yields to assess income potential.
- Demographic information: Overviews of occupancy patterns, household summaries, and market stability.
How to interpret key metrics in a CoreLogic suburb scorecard
The key to using a suburb report to your advantage is to evaluate the insights each metric provides about the risk, timing, and future performance of the local market. Our top-rated AFMS brokers can help you assess a suburb’s key metrics for a data-backed decision in line with your financial situation and goals, such as:
- Strong short-term and long-term growth may show a sturdy local market, whereas a recent short-term spike against a long-term flatline may need more analysis.
- Fewer days on market (DOM) can show a competitive market, which may lead to a higher estimated value. Longer DOM possibly shows lower demand but potential for negotiations for buyers.
- Low rental vacancies may show that tenants are competing to rent in this suburb, whereas high vacancies may indicate rent reductions to negotiate with tenants.
- Gross rental yields compare annual rent against property value to indicate the income return. Yields should be evaluated against sales history, vacancies, and growth percentages to make an informed investment decision.
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How to Use a CoreLogic Report in Negotiations
Buyers
Use the report to check if the asking price is reasonable against the suburbs median value, sales history, and days on market. The data can help buyers to negotiate and avoid overpaying.
Sellers
Historical and recent sales information allows sellers to compare against similar properties in the local market, analyse the days on market, and choose the right time to sell.
Investors
Rental yields, percentage growth, and vacancy information can allow investors to evaluate a suburb for both rental income and capital growth.
Refinancers
Suburb trends can help a homeowner understand how their suburb has performed and to choose how and when to release more equity.
Why CoreLogic Reports Matter
CoreLogic reports can give every Australian a deeper understanding of the property market and empower them to make smarter moves. Reports are trusted by all major Australian financial institutions, including mortgage lenders and brokers. When aspiring property owners gain access to detailed data, it can help to avoid overpaying or underselling and help them make decisions for capital growth.
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Frequently Asked Questions
Is there really no additional cost for the CoreLogic reports?
AFMS offers free CoreLogic Suburb Reports to ensure all Australians have access to crucial market data.
How often is the suburb market data updated in CoreLogic reports?
Suburb report metrics are updated monthly to avoid daily volatility from incomplete sales. This could mean that a report generated min-month could use the previous month’s data to give a more accurate overview from a full dataset.
How does CoreLogic evaluate a suburb?
CoreLogic bundles a few different data metrics to provide an overview of a suburb, which can save buyers, sellers, and financial advisors a lot of time in manual research. Value data is aggregated from listing platforms and land titles offices to evaluate median prices and sales across a full suburb, and growth percentages are then calculated using these metrics over time periods. Days on market and settlement timelines are calculated directly from an estate listing, and rental yields are calculated using median rents and the estimated value.
Do banks use CoreLogic?
Yes, many banks use CoreLogic reports for both internal and customer-facing analysis. The property and suburb reports can help lenders set limits, assess risk, and provide data-backed insights to customers.
Where does CoreLogic get its data?
CoreLogic obtains data from multiple sources, including government records, the real estate industry, online property listings, and partner integrations with other platforms.
How can I use suburb reports for investment decisions?
Yes, a suburb report is an ideal tool to analyse the best area for an investment property or long-term home. Buying a property can be an emotional decision, but in-depth property sales data can ensure the decision is balanced with facts. With data such as historic growth, rental yields, demographics, and vacancy information, you can make a decision with confidence.