A new banking iPhone application will tell you the value of a house just by pointing the smartphone at the address.
Commonwealth Bank’s iPhone augmented reality application has been designed for anyone buying or selling a home, or simply looking to keep on top of the property market.
The new iPhone application is claimed to take property search to a new level by allowing users to make property decisions with virtual reality insight in to any Australian home anywhere, anytime. The technology is supported by realestate.com.au and rpdata.com.
Core functionality of the application utilises ‘augmented reality’ where rich data including past sales history (on more than 95 per cent of properties in Australia), current property listings and recent sales, is mapped on to a real world view through the iPhone’s camera.
Users can also switch to a list or bird’s eye view to pull in insights on properties matching their search criteria. Home hunters can then track their ‘dream house’ in their favourites, send to a friend and make informed decisions with access to detailed suburb profiles revealing demographics, median price, property hotspots and capital growth trends.