Hi everyone , I was wondering if anyone could tell me how to go about finding out what a particular property previously sold for , I thought it might be a good tool to gauge capital growth in that area , any info would be much appreciated?
You can do a search online at the Land Titles site in your state. Costs about $8. You need to look for the transfer. this has the names of the buyers and a sellers and the amount.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Thanks Terry,
This is pretty useful information.You can also join ABR or RPData and get the figures online. Well worth the $$
Property Data Solutions, PDS, is operating in NSW now and are a similar however much cheaper option than RP data, etc…
Before you subscribe to any service, I want to share with you that there is a lag between the time the property gets sold and the time you can search for it in any service available out there. This lag includes settlement and government red tape, etc, etc. In other words, if the property gets sold tomorrow, you should be able to get the price through any of the services mentioned above, however it takes 2-3 months to get updated…. Just in case, however if all you want is to find out how much comparable properties have sold for, then I would really recommend you pay for this data, it will save you money in the end. I used to be a property analyst before going full time property investor, and this is why I know about "the lag", Happy Investing
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