Over 400 properties change hands daily in New Zealand. Add onto that the building consent applications, the neighbourly disputes over fences, trees and driveways, the resource consents for major developments and the properties being settled or contested under an estate and you begin to understand the scale of property data being checked in NZ daily.
Unfortunately, the process of manual reviewing a property’s legal information isn’t failsafe. We’ve all seen the headlines of addresses being mixed up, of errors in certificates of title causing major stress years down the track, of land parcels going missing full stop. As anyone who works in the business of property law will confirm: when it comes to property details, context is king.
Which is exactly why a NZ company has created the ‘next level’ in convenient legal property data. Designed after in-depth industry feedback, CoreLogic proudly launches PropertyView on 11 June 2018, promising to provide legal professionals with all the NZ property information they need to support clients when buying and selling property or resolving property disputes.
PropertyView offers rich base maps and quality high resolution property imagery, combined with interactive mapping and CoreLogic APIs, so that property professionals can capture comprehensive property data and insights in real-time, including: property attributes, property photos, covenants, easements, ownership, titles, last sale date and price.
As Matt Lythe, CoreLogic’s Head of Geospatial Solutions explains: “To truly understand a property, you need to combine the officially documented legal records against a ‘real-world’ visual context. Only then can you achieve a more accurate appreciation of that specific property and the risks/opportunities it may carry”.
Through quality mapping and mark-up tools, PropertyView enables the visualisation of easements, boundaries, ownership and titles, sales information and estate types…and not just the property in question but other properties of interest/surrounding properties too. “All that comprehensive NZ property data and advanced geospatial mapping is wrapped up in a clean, easily understood tool - which ultimately allows NZ’s legal property professionals to get more done”, Lythe notes.
Previously, the time taken to locate all the relevant pieces of data and mapping required for legal transactions was major. But as Lythe comments - the focus is now very much on convenience: “The various data tools are now all in one place. Easy searching cuts down on time taken to identify properties in the first place, plus the advanced mapping enables a property to be properly visualised. This helps ensure that neighbours, titles, property boundaries, easements and recent sales are accounted for and understood”.
Lythe describes PropertyView’s biggest win as “Being a very easy to use tool, enabled in the background by complex data and advanced mapping technology. We’ve leveraged our geospatial expertise to make searching, reporting and drawing/measuring as easy as possible. There’s real power in being able to visualise a property in context, so we’re thrilled to make that available for NZ’s legal professionals”.
Lythe notes that there is potential application of PropertyView beyond the legal profession too: “Any industry that needs to understand property boundaries, easements and ownership would benefit from PropertyView, indeed it’s already getting interest from the telecommunications and utilities sector”.
PropertyView will be available from 11 June 2018 in 3 licensing models. A single user 60 day project plan is available for $250+GST, a single user subscription is available from $80+GST/month and a multi-user office subscription is available from $250+GST/month (12 month minimum term applies for subscriptions).
Read more about PropertyView here.