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.

“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.

Advertisement
Advertisement

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

PROMOTED CONTENT


>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.

“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 Commonwealth Bank has indicated that it will cut opening hours across 90 regional branches, with impacted staff to spend the rest of the...

A report has found that home ownership is the single most important factor affecting a person’s perceived level of financial wellness. ...

The complaints authority has recruited three new ombudsmen (including from ANZ and Westpac), and promoted three others internally. ...

Join Australia's most informed brokers

Do you know which lenders are providing brokers and their customers with the best service?

Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!

How long do you think it should take to discharge a mortgage?

Website Notifications

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