The company has announced its new investing data software would be underpinned by data provided by CoreLogic Australia.
Halo Property, the new research product focused on the Australian property market, which is reportedly on track to launch during the December quarter of 2022, expands the company’s addressable market by “tapping into a huge investor interest in the Australian market”, a company statement said.
A subscription-based research offering, the company has drafted in former ANZ Bank and Credit Suisse Australia chief economist Warren Hogan as economic adviser to HALO, tasked with leading a team in development and launch of the Halo Property product.
Given property’s position as a “traditional wealth accumulation channel for Australians”, Mr Hogan expressed his belief the platform would give investors a “top-down view of what’s happening in property markets and how the economy is affecting property — creating a unique and accessible end-to-end property analytics function for investors”.
He added CoreLogic’s data “makes sense as the foundation of the Halo Property analytics”, especially given its position as the most comprehensive independent and trusted source of Australian property data.
“We believe there is always value in the market, and this platform will give investors the ability to dig deeper and identify it,” he said.
Building on this, HALO chief executive officer George Paxton affirms the company’s goal “is to continuously expand and enhance HALO’s product offering to appeal to the ever-growing cohort of investors searching for research and insights”.
Mr Paxton detailed the company’s intention to become a “one-stop shop for all investors” through its raft of “data solutions tailored to the specific markets they are interested in — be that Australian equities, global equities, and now Australian property”.
He anticipates HALO’s latest offering would be met with “a strong and rapid surge in adoption, which in turn has delivered strong revenue growth for the company”.
Moreover, HALO announced its feed data is now available in market-leading financial planning and wealth management software, Xplan, which allows financial advisers to connect their HALO Global custody holdings to Xplan via a one-way live data sync.
The integration between HALO and Xplan is expected to expand the former’s appeal to prospective financial advisory clients by enabling connectivity with an industry-standard software offering.
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