Powered by
MOMENTUM
MEDIA
Cotality has unveiled a new tool tailored to provide lawyers with instant access to property valuations, aiming to “bridge the gap” in the legal industry’s access to timely and reliable property data.
Formerly known as CoreLogic, Cotality has launched a new tool designed to provide legal professionals with fast, data-driven property estimates.
The Automated Valuation Model (AVM) Reports for Lawyers provide independent valuations of residential properties, leveraging the same trusted data relied upon by banks and lenders.
Cotality’s general counsel, Agrita Cliff, said the reports were developed after receiving repeated inquiries from legal practitioners seeking access to the same tools available to lenders and other property professionals.
“In the past, we identified inefficiencies and unmet needs within the legal sector, often fielding requests by lawyers for access to the same tools used by lenders and other property professionals,” Cliff said.
“This inspired us to develop a tool that bridges the gap, empowering lawyers with timely, cost-effective property insights to deliver more informed advice, greater client value, and stronger outcomes.”
The organisation explained that AVM Reports are not intended to replace full property valuations conducted by registered valuers, but rather to offer legal professionals a faster, lower-cost alternative for early-stage or non-contentious matters.
“Traditional valuation reports can cost over $500 and take up to five days to receive, so they may not always be the most appropriate tool for every stage of a matter, and can also delay a lawyer’s ability to provide timely, confident advice,” Cliff said.
Priced at $100 (including GST) per report, the AVM tool is designed for single-use access with no subscription model, making it accessible on an as-needed basis.
Stephen Thompson, director of sales at Cotality, said the on-demand tool offers lawyers a practical alternative to traditional valuation processes.
“With no subscription and quick and easy access to industry-recognised data from a trusted source, this on-demand solution offers a faster, more cost-effective way to gain property insights, exactly when they are needed most,” Thompson said.
