Today SIRCA agreed to partner with RP Data to provide researchers from leading Universities with access to Australia’s largest property data collection.
“Australia’s housing market is the most valuable and important asset class in the nation, worth an estimated $4.7 trillion. There is a natural appetite from academic institutions both domestically and around the world to gain access to data from Australia’s largest property database and analytics via their SIRCA affiliation” said Mike Briers, CEO of SIRCA.
“Better data leads to better research and ultimately better Government policy and importantly more efficient private sector investment” noted Professor Terry Walter, Chief Research Officer, SIRCA.
“RP Data wants to ensure students and academics can gain exposure to Australia’s leading suite of property related analytics as well as raw data which can be used to further the analysis of property markets nationally,” he said.
“It’s important we invest in the future leaders and professionals of the industry so we are excited to be able to contribute to and support education and research at Australia and New Zealand’s leading Universities and raise the bar when it comes to management of our largest asset class” said Graham Mirabito, CEO of RP Data.
Under a multi-year agreement, SIRCA will be provided with a range of analytics including metrics at the suburb level through to capital city, state and national indicators. Raw transaction data will be made available on application to SIRCA by its academic partners.
SIRCA is a specialist Australian company who have created and manage the world’s leading financial market data collection covering over a decade of transactions on all major global stock markets and other types of securities exchanges.
SIRCA data is now cited in over 1500 scholarly papers worldwide by leading Australian economists, business and finance researchers as well as top scholars at the world’s most preeminent institutions including Harvard University, Oxford, MIT, NYU, Stanford, Karlsruhe Institute of Technology and Berkley. Already SIRCA and RP Data have commenced discussions to explore how this agreement may be extended to cover property data held on other markets including the US and Europe.