Investors can now make even wiser investments with the advent of a brand new property tool that calculates the estimated sale value and potential capital growth of 98 percent of Australia’s properties.
Launched by CoreLogic RP Data, the digital tool called, Property value, has a unique place in the market because of its ability to view profiles of suburbs, streets and the individual properties that lie in between them.
Apart from the digital tool providing weekly sale and rental values for properties; the information that the tools provides offers an insight into a 30-year sales history of the property market and estimated sales values. What’s more is that the tool gives a score on how viable potential investor properties are in terms of cash flow, risk and future capital growth.
According to CoreLogic RP Data head of consumer, Paul Argus, “The comparable properties are really useful because they are tangible examples of what similar properties are selling for. In addition to this, you can use the expertise of your local real estate agent and the suburb profiles to understand how the local market is performing”.
Property Value also has a place in the market place for comparing different investor possibilities, Argus says that “If you’re considering a couple of suburbs, you can compare them side by side using the ‘compare’ functionality. You can also check out the makeup of the street you’re interested in, including how many units and houses there are and whether they are likely to be rented or owner occupied.”
Have a look at how to access the tool here.
With a tool that closes the gap between demand consumer needs and market gain, what is not to love when looking for your next investment.
For more investment questions and answers, call us today on 1300 878 898, and learn more of what this means for you!