The Victorian motoring organisation RACV has taken a stake in start-up website Landchecker.
RACV stake is 13.5 per cent. RACV invested $750,000 out of a total capital raise of $1.85 million.
Landchecker overlays zoning, geographical and development permit data over title boundaries.
It hopes the fresh capital will see it expand to include listings and price details on properties.
It seeks to create a product that it says will not only provide consumers details about a property they own or want to buy, but will allow a more accurate valuation of a site's worth.
"In the coming months, RACV and Landchecker will together launch a new initiative, Claim My Property, to give homeowners essential information," RACV chief executive Neil Taylor said.
"It will allow them to register their ownership, receive property reports and monitor buyer interest. Those who sign up will also be alerted to any market updates and legislative changes that have the potential to impact the value of their property."
The site kicked off two-and-a-half-years aho.
It was started by architects Will Leaf and Toby Ewart and developer Ed Farquharson.
It only covers properties in Victoria, but hopes to roll the service out to the most populous state within the next six months, Landchecker CEO Will Leaf told Fairfax Media.
Landchecker CEO, Will Leaf and RACV Managing Director and CEO, Neil Taylor (pictured above)
