Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
subscribe to our newsletter

RP Data fortifies Rismark partnership

RP Data has acquired an intellectual property portfolio relating to Automated Valuation Models (AVMs) and Indices from its strategic partner Rismark International.

Included in the acquisition of the Rismark assets are a series of domestic and international patents, patent applications and associated methodologies.

“RP Data has had a successful strategic alliance with Rismark International for the past eight years as our primary local analytics partner,” RP Data chief executive Graham Mirabito said.

Advertisement
Advertisement

“During this period Rismark has compiled valuable intellectual property in connection with the residential property asset class which is recognised in Australia, New Zealand and the United States,” Mr Mirabito said.

“In 2006, Rismark recognised the value in partnering with Australia's leading property data company while RP Data saw great value in the analytical capabilities of Rismark's PhD level statisticians,” he said.

The collaboration saw the two companies release Australia's first hedonic regression index relating to housing markets in 2007 – the RP Data Rismark Home Value Index.

“After a long and successful relationship with RP Data, we are pleased that the intellectual property portfolio will be leveraged and enhanced by RP Data,” Rismark International director Matthew Beach said.

In 2012 RP Data and Rismark, working with the ASX, produced one of the world’s first daily property index based on an improved hedonic methodology.

 

RP Data fortifies Rismark partnership
mortgagebusiness

Latest News

The Morrison government has commissioned a new inquiry into the Consumer Data Right, which aims to further empower consumers and “overcome...

The central bank is set to hold off on a rate cut in February following a stronger than expected bounce in the labour market, ANZ Research h...

Almost nine in 10 residential properties are being resold for a profit, according to the latest research from CoreLogic. ...

FROM THE WEB
podcast

LATEST PODCAST: New government loans and grants for SMEs

Do you think Australia will move to quantitative easing this year?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.