Real Estate Agent
Ever needed to know how to find a good rental agent for a given area?
Go to www.realestate.com.au and check out all the listings for a suburb. Take notes on which office/agent is renting each property. The agent with the most listings is the one you want to go with, as this is indicative that they are receiving a large amount of business and have a strong rental roll. It’s important to look at the exact location of your property, as agents will often specialize in specific pockets of a suburb.
Market Research
There’s no better resource for overview ‘state of the market‘ data than Residex.com.au.
We use data from Residex because they compare ‘like for like’. That is, they separate apartments from houses and this stops results from being skewed. They also have the strongest and most robust methods of calculation in the market.
We incorporate RP Data in our training as they are able to provide the most comprehensive and accurate data on Australian residential property, on a suburb by suburb level basis. Want to see what your property, street or suburb is worth? They offer excellent free suburb profiles and other reports here http://www.rpdata.com/index.html
SQM Research does a fantastic job providing data on vacancy rates.They are responsible for the vacancy rate information that is provided in the popular real estate investment magazines ‘Australian Property Investor‘ and ‘Your Investment Property‘. Their free vacancy rate information by the suburb is here. http://www.sqmresearch.com.au/vacancy.php?t=1
Borrowing Capacity
To estimate your borrowing power through the banks use this tool.
http://www.banks.com.au/tools/calculator/borrowing-power
Quick Tip: Every bank has slightly differing criteria when evaluating lending capacity. How much you qualify for with one institution may not be the same with another. Before selecting a financial provider, do your research and apply to several lenders to ensure you are borrowing at the highest capacity you are able to.
Capital Gains Tax Calculation
To calculate tax payable you will add the capital gain amount to your income and put it into the ATO Tax Calculator. http://alturl.com/2poit
Quick Tip: When selling your Investment Properties, it is prudent to first speak to an Accountant to properly plan this event. As laws change regularly, it sometimes pays to get up to date advice on how to legally minimize tax payable.
Stamp Duty Calculation
realestate.com.au have built an excellent tool for calculating stamp duty costs, that is available for free use online. The calculator is easy to use and allows you to select a state, so it will take into account the differing state laws pertaining to stamp duty. To use the stamp duty calculator click here.
http://www.rs.realestate.com.au/cgi-bin/rsearch?a=calc&jar=StampDuty
Sunday, 18 December 2011
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