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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.