Technology is ‘learning’ to look at images of property and assess the value. Chief analytics architect at CoreLogic, Scott Matthews, explains what this means for the future of buying property and the humans in the process.
Teaching Machines To Understand Property
Auction volumes are expected to rise across the combined capital cities this week with CoreLogic currently tracking 2,496 auctions, up from last week’s 2,199 and last year’s 1,922 auctions held.
Comparing current capital city values with previous peaks adds some perspective to the current housing market upswing – particularly in Perth and Darwin, where values remain substantially below their record highs from 2014. It also highlights the very different dynamics across capital cities – such as in the...