a tour of Locational Intelligence

introducing

REALMaps

A tool for Market Rent Analysis

RTA S25 (3) … “what a willing landlord might reasonably expect to receive, and a willing tenant might reasonably expect to pay for the tenancy, in comparison with rent levels for similar properties in similar areas”.

It’s a bit like alchemy…• a pinch of this• a dash of that• shake it all together• Throw in a bit of statistical data

- How do you figure out market rent?

The Alchemist in Search of the Philosopher's Stone, by Joseph Wright, 1771

$ ????/week

…And out pops a magic number

Two industry sources – a real life example

• There simply isn’t enough information to be able to compare properties using these statistics

- Helpful… but is it good enough?

Pets allowed? Smokers allowed? Maximum number of tenants? Close to schools, shops and parks? Nice area or not so nice? On a hill or in a valley? Does it have views?

Does it have garaging? Are there any seasonal factors?

• Data is highly summarised

Market Rent Analysis - easy as 1-2-3

Instantly search over 75,500 rental properties since Jan

1Login to REALMaps

2Search, Filter

and Select

3Save and Print

Login – www.realmaps.co.nz1

30’000 ft view Closer…. Closer still….

2 Search, Filter and Select

Searching and Filtering

Highly optimised code for speed and efficiencyClient side Techy stuff :

• all written in HTML 5, CSS, Javascript, AJAX with compressed streaming data and a combination of Google APIs and locational algorithms.

Server side Techy stuff:• Lots of data scrubbing and geo algorithms such as Damerau–Levenshtein, Hamming distance,

Haversine, and fair weighted queuing. Oh, and our secret sauce!Works on an iPad or PC with a modern browser (5x faster on Chrome)

Get a little detailed

3 Save and Print

Please come and see us during the break for

a demonstration.

Thank you

visit www.realmaps.co.nz

Greg Munrogreg@realmaps.co.nz