Where do most people do the research needed to find property other than
in state newspapers .
Are some using the real estate websites well known such as Domain.com.au ,etc .
and then putting in the required fields to bring up property ? And to find out where
the growth is happening ? How many hours are being put in ?
Maybe some are using a program to search for property interstate ?
Any feedback appreciated.I wish it was that easy.
CBA IPhone app is great. Give that a shot. I am sure there are alot of others out there though.
There is no magic property program to give you a strategy. You need to give yourself clear direction as to where you want to invest and go from there.
Hi slowachiever
We have a number of handy IP related research links on our website – http://www.passgo.com.au/property-data-websites
Hope that helps.
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Hi Slowachiever,
The due diligence depends on what strategy and property type, but for an overall look at a ton of links to help you in your research go to http://theblockblog.com They are all there for Australia,NZ and there is access to a huge resource for the US.
The hardest part I think is finding an area you are happy to invest in. I spent a long time going between unit in better are vs house further out. Couldn't decide. Spent a LOT of time going to open homes etc.
Once I finally decided on ONE area I went to lots of open homes. Compared prices. Found out what was in demand. What rents best. Rent prices etc. Then I knew what a bargain looked like. So when I saw something that fitted my criteria I bought it.It does take a lot of time. You can research a lot on the internet but nothing beats walking the streets (so to speak).
You need to decide what YOU want. Do you need high yield? Can you profit from a reno? etcMeetups, forums are good to. You get to hear what other people are doing/buying etc.
Thankyou very much folks .I'll checkout those weblinks when I get home .
cheers .
Hi slowachiever,
A good starting point are magazines like 'Australian Property Investor' which is published monthly and has growth rates and yields by suburb at the back of the magazine. Quite a few of our customers (who are all property investors) read these.
Yep, API is a good read. A few forum members have graced its pages.
Another excellent read is the Herron Todd White month in review – here’s the latest edition http://www.htw.com.au/Month_in_Review/Month-In-Review-July-2011.pdf
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
API is a good source of background information. But be aware of the advertisements — a few friends were attracted to some ads and were relaxed about doing their own due diligence. They ended up with big disappointments.
If I had to survive with just one website it would be http://www.realestate.com.au Would end up saving thousands every month in data subscriptions as well
Don't need that many hours, just set up an area or suburb of focus, get the email alerts and just observe what happens for a few months, hard not to build up knowledge about a small target area when you do this.
There are good deals in all areas, and they come up all the time as well.
Jamie, thanks for the 'Month in Review' link. VERY interesting reading.
Joanna – New Investor wrote:Jamie, thanks for the 'Month in Review' link. VERY interesting reading.No worries at all, I've always found it very useful.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Hi there,
There’s already been some great comments above so I won’t repeat them.
What I will add is that many high volume sales real estate agents will typically distribute Weekly/Monthly Property E-Magazines. For instance, Bryn Fowler from Sydney Cove properties in Sydney distribute weekly e-magazine (http://www.sydneycoveproperty.com/our_e_guide) of inner city properties that are pretty good. It’s fantastic for keeping up to date with the market in terms of opportunities and prices. Simply ask your real estate agent.
At risk of sounding like I’m advertising, our website http://www.myinvestmentdecision.com.au, genuinely provides great resource for property investors (news, tax, calculators, links to other resources). In addition, InvestSmart is a great resource for finding historical sales growth and rental growth etc.
Best of luck and let me know if you have any questions.
Jase
And once you've nailed down your area, you sometimes need to go deeper, depending on what type of investor you are.
After deciding the rough area I want to go into, I tend to start using all the zoning and planning overlay maps to pin down areas even more!
Because I've been buying in Vic, I use this site a lot to learn more about flood zones, development potential etc etc.
http://services.land.vic.gov.au/maps/pmo.jsp
I also tend to use local govt sites a lot too to check what plans there are. Some sites like my own local one has every little DA listed and you can check exactly what is going on and where……and for that matter who is doing the building etc.
http://www.onthehouse.com.au is pretty handy
grantos_champos wrote:http://www.onthehouse.com.au is pretty handyYep, this is one of my personal favorites
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
To work out good areas to invest in, I use the newspapers to see what new infrastructure is going in.
It's one of the principles how i base my decisionsksherwell wrote:To work out good areas to invest in, I use the newspapers to see what new infrastructure is going in.
It's one of the principles how i base my decisionsYep………….these are great. I tend to use these every single day. I read online all around Oz, esoecially where my current stuff is happening.
You can find the most of the local papers online here => http://www.newspapers.com.au/VIC/
Just choose your state or type into the "town" search box at top right and you're away.
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