Valuer-General of Victoria awards Australian PropTech IDS’s VM Online platform mass property valuation contract for the State of Victoria, enabling state-wide property valuations on a 12-month cycle.
Why increasingly accurate Automated Valuation Models (AVMs) are so important, and how Machine Learning coupled with existing physical appraisal techniques can lead to a future where AVMs become the de facto appraisals/valuations that lenders and the public rely upon for property transactions.