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Using the iPhone camera, the app gives buyers a street-view look at properties, with information from past sales prices to suburb profiles including median prices, demographics and growth trends. The satellite map shows available properties in surrounding areas and users can save and track favourites to compare contenders or forward on to friends.
Realestate.com.au currently only provides a mobile version for smartphone users, while competitor, Domain, recently released an iPhone app for property listings; however, the Commonwealth Bank's offering will be the first for the industry with augmented reality capabilities.
The app will be free, with a demo available next week and the app expected to hit the Apple app store soon after.