29 August 2008
Media release
REINZ recent sales statistics data added to Property Guru
Subscribers to REINZ Statistics Service will have access to a new level of integrated sales data via the internet
product Property Guru later this year, thanks to a new agreement signed today between Terralink International and Real
Estate Institute of New Zealand (REINZ).
This, for the first time within the industry, brings the two key property sales datasets together seamlessly via leading
industry online tools available through Terralink’s Property Guru. With this integrated information at their fingertips,
real estate agents will be able to conduct higher level analysis allowing them to provide more informed advice to their
clients.
Terralink’s Managing Director, Mike Donald, says: “the agreement gives real estate agents a new level of quality land
and property information. Real estate agents will be able to have ready access to improved information which means they
can add further value to the work they do in the market. Integrating REINZ recent sales statistics, which includes those
sales which have been made, but yet to be settled, with the normal sales information which flows through after
settlement will enable a more complete and current picture to be obtained.
REINZ National President, Murray Cleland said the agreement with Terralink fits well with REINZ’s drive to enhance the
delivery of superior land and property information services to its members, and ultimately to their clients. “This
agreement will result in real estate agents providing a higher standard customer service and value to both buyers and
sellers. By incorporating the REINZ recent sales statistics with Terralink data, our members will have immediate access
to the best and most up-to-date information on property sales, with easy to use and comprehensive tools allowing more
informed analysis and decision making, along with the added benefit of a wider choice of product,” Mr Cleland said.
In addition Mr Cleland said REINZ and Terralink were natural partners because, between the two organisations, they hold
the most comprehensive national land and property information data, and they are able to deliver this information
through innovative services such as Property Guru specifically tailored to meet the needs of real estate agents.
The enhancements to Property Guru are expected to be available to the industry within the next few months. Also under
development, REINZ’s property information applications are progressing well and anticipated to be accessible to its
members in the near future.
ENDS
About REINZ
REINZ regulates the real estate industry in New Zealand, promoting quality, expertise and integrity in the real estate
profession. REINZ trains and educates real estate agents and provides advice and support to to the real estate industry.
About Terralink International and Property Guru
Terralink International Limited has the most comprehensive, complete and accurate land and property information database
of New Zealand. This database –NZMasterMap is supplied to Emergency services, Central Government and corporate clients
throughout New Zealand
Terralink’s Property Guru is the leading online application tool for the real estate industry, providing comprehensive
property information including sales, valuation, aerial photos, titles and ownership.