- beauParticipant@beauJoin Date: 2011Post Count: 6
Hi all I am just getting into property investing having been mainly involved in shares before this. I am looking to buy my first IP after 2 years of reading up on property investment books and such. I have read other posts but cant seem to find much mentioned about software so far. I just wondered if someone could suggest the very best property software. So far I have found two main stream ones – PIA and POSH. My maths is not great and my computer skills are fair at best but I would love to hear from someone who uses software what they feel the very best one is to simplify the analysis of potential property purchases?
Cheers, Beau.Jamie MooreParticipant@jamie-mJoin Date: 2010Post Count: 5,069
Here's a spreadsheet that will help you assess the numbers on a potential deal. I'm sure it's not as flash as some of the expensive programs but at least it's free – http://www.passgo.com.au/pass-go-investment-property-analysis-tool
JamiecorkeranParticipant@corkeranJoin Date: 2007Post Count: 9
Here is a free online version that is far more powerful than PIA or POSH
Andrewcarolyn01Participant@carolyn01Join Date: 2011Post Count: 1DerekMember@derekJoin Date: 2004Post Count: 3,544
I use PIA.
Find it pretty helpful.christianbParticipant@christianbJoin Date: 2009Post Count: 386
It may seem a little primative, but the best looking deals I see are explained quickly and clearly with pen and paper.Scott No MatesParticipant@scott-no-matesJoin Date: 2005Post Count: 3,856
Without being too specific, what do you want the software to do?
Mortgage calculations, simple gross/nett returns or the heavier dcf/irr & cashflow analysis?beauParticipant@beauJoin Date: 2011Post Count: 6christianb wrote:It may seem a little primitive, but the best looking deals I see are explained quickly and clearly with pen and paper.
I cans see how that would be right once you have done it a few times. I was more after software that will show me all the potential costs when analyzing a deal so I know I have truly done my home work and so I don't get any surprises at tax time a year later. They certainly don't make it easy in our country.
Thanx already though everyone. Ill check out these links till I find the best software for me.superAndrewParticipant@superandrewJoin Date: 2014Post Count: 188Brett MParticipant@brettmesser1Join Date: 2016Post Count: 14
Take a look at Propertie.com.au, has fields for your specific property calculations like an excel spreadsheet, dashboards for equity, cashflow, mortgage and taxes, plus pulls in API market data and comparable sales, mortgage rates etc
Sitbon09Participant@sitbon09Join Date: 2009Post Count: 5
- This reply was modified 3 years ago by Brett M.
I also tried your link but it isn’t working for me. I get
An error has occurred.
The requested page can’t be found.
SitbonBennyModerator@bennyJoin Date: 2002Post Count: 1,416
Like you all, I tried the link that Jamie provided. It failed. But then, I deleted the latter part of the URL to leave just the website name – that worked, so I looked down the home page, saw the “Investors” button, and clicked that.
On the Investors page, right down bottom is a list of resources – and one of them was the “Property Analysis tool” – clicked THAT, and up it came.
And guess what? It was the IDENTICAL link to the one Jamie had posted (????) but this time it worked. Go figure !!
BennyPropertyGuru31Participant@propertyguru31Join Date: 2018Post Count: 8
I have used Property Director, which is excellent which someone posted on the forum here a while ago. They allow you to add your property and forecast it, and also give you access to property market activity data (Days on market, vendor discount rates), and median house prices covering all Aussie suburbs going back decades.
You can search ANY property address in Australia and it gives you detailed info about it like zoning info and price sale history. I’ve used for researching specific properties before making offers. You can go to http://propertydirector.com.au to check them out and they give you a free trial.