In place from today, the new partnership was made possible through Ray White’s capability to fully integrate and leverage PropTrack and realestate.com.au's expanded market performance data sets via its proprietary NurtureCloud and Pulse platforms, inhouse technology infrastructure.
Ray White is the first agency group to access REA’s new market intelligence data suite which will support agency benchmarking with insight into market share and conversion trends at a suburb, state and national level.
In addition, the network-wide Pro subscription provides Ray White’s Australian network with access to the most advanced solutions in the industry to win more business, while advertising and transacting property with greater ease.
Ray White Chief Systems Officer Jason Alford said the group’s investment in cutting-edge technology made them the natural first partner for REA's new market intelligence offering.
"Ray White has invested heavily in building technology platforms that other networks simply don't have. Our OneSystem, plus NurtureCloud and Pulse suite, are specifically designed to absorb, analyse and activate comprehensive property data at scale," Mr Alford said.
“Our technology vision has been built on industry leading technology, powering our OneSystem and NurtureCloud platforms. Through our own network scale and trusted third parties, we have curated a range of extensive data sets to power the OneSystem, as well as provide our specialist economics, technology, digital, marketing, and wider corporate team, the data they need to bring best in market insights and products to you.
“We’re constantly looking for ways to improve the quality of our data and its completeness, and we now have the opportunity to do this through a new agreement we have entered into with REA and its data company, PropTrack.
“We’re confident that this partnership will support our ambition to generate more leads, assist with getting in front of more vendors as they consider bringing their properties to market, and help our agents win more listings.
"We chose realestate.com.au and PropTrack as our data partners because their unmatched market insights, industry leading API architecture, combined with our tech stack, will help propel the growth of our 550+ Australian offices. Ray White’s systems are built to turn these insights into actionable intelligence that drive real results for our agents and their clients."