Much like the Property Search tab, simply type in the street and suburb name, select the property you are interested in and PriceFinder will reveal the property report for this address. PriceFinder also displays an interactive map displaying exactly where each of those sold properties are located. This is a particularly good strategy when looking to acquire properties that have not yet come to market. This might not seem like anything special given every sales and rental listing can be found on realestate.
The longer a property is on the market, the more undesirable it becomes and often the vendor becomes more negotiable depending on the circumstances. With a complete list of all the properties for sale in your area of interest, you can then sort from oldest to newest and cherry pick the properties that have been sitting there for longer than 12 months and start digging for problems that need to be solved. Why is that so powerful? Check out the video below to see how you can use this to find stale properties and negotiate substantial discounts.
Like the previous tab this one also has a dual purpose in that you can follow the same process to find all the current and previous properties that have been rented. This may not be a critical search functionality but still a handy tool for investors looking to assess an area for potential rental returns and vacancies. The Growth Charts tab is also referred to as the Suburb Flyover and is exactly as it sounds. The demographics tab includes the population based on the previous Census along with the family composition of household i the area.
Both are articulated with visual graphs. The housing tab pertains to average weekly household income, dwelling types, home ownership and average home repayments. The recent sales tab shows sales from the past six months for all categories of dwellings. Similar to the recent sales tab, the recent rentals tab shows rentals from the past six months showing all types of dwellings.
PriceFinder has some phenomenal functionality and search filters that allow you to check out sales history data for the entire street, suburb or via a customised radial search. All you need to do is click on the Run Estimate button and PriceFinder will spit out the top 6 comparable sales using its clever algorithms and parameter matching software.
You can then adjust the similarity to your property using a sliding scale on how accurate you believe the price comparable to be. Literally within a few clicks you have created your own estimated sales value report that can be used to back up your own offer to the agent or vendor.
This data, along with all the photos and mapping information provided, allows you to formulate a comprehensive view on what the property is worth, without leaving the comfort of your own home! Each one of these shortcut links play a pivotal role in drilling down to further information on the property of interest. Clicking on the interactive map icon will open up the mapping application.
I found the mapping tool to be quite advanced and easy to use. Using the measuring tool is a commonly used function that is helpful for understanding the boundary realignment potential on a property or neighbouring sites. With a simple click you can quickly access details about your chosen property or any of the surrounding properties including:. Now that PriceFinder have enhanced their photo display at the top of the Property Report page, the mapping application has a whole new lease on life given it accesses the same display section.
This makes navigation far easier to use. Imagery of the property you are interested in is always important and by clicking the photo icon, a new page appears with any current and past photos taken of the property. On the same page is a list of the property features however this often only has the basic information bed, bath and car since it relies on agents to input the data. By clicking the icon, PriceFinder defaults to a m radius search around your property of interest and this can be customised to any dimension.
The results are displayed on a handy location map as well as a full list of the associated properties below the map including a thumbnail photo and a stack of relevant data as shown in the image below:. This is a fast and effective way of assessing the value of your property by looking closely at the surrounding sales. Much like the above radial search, this research tool provides similar data but confined to just the sales in the street you are investigating.
The list of sales generated is quite long and detailed given PriceFinder extracts all sales for the existing houses in the street as far back as 30 years. PriceFinder repeats the above approach but this time providing far more sales data given the larger geographical footprint it is capturing. With this in mind, PriceFinder gives you the opportunity to filter the parameters before providing the results. These parameters include, length of time between sales defaulting to 6 months , land size, sale price and property features.
The benefits of this feature was detailed earlier in the blogpost. Click here to go back and read more detail about this feature. This is also another duplicated shortcut and allows the user to filter out and display all the properties for sale in the chosen suburb. This shortcut effectively takes the user to the For Sale Rent search tab and you can click here to go back and read more about this search functionality.
This is a handy shortcut to access the lot number and registered plan details along with the cost to purchase the title and plans of the property. You may need to contact PriceFinder directly by phone to organise the purchase of this documentation.
A colleague of mine, Daryl Rae managed to unearth this bonus filtering tool which has proven to be very popular amongst investors interested in subdivision. A splitter block is a property that has two lots on one registered title.
These types of sites are generally found in Queensland and have proven to be subdivision goldmines. I would like to acknowledge Daryl Rae for his contribution to this video. Daryl is a long time contributor at Property Resource Shop and a member of our Ultimate Property Hub PLUS he is a successful property investor in his own right he retired from his job at aged 40! Daryl taught me the above strategy many years ago and it has assisted me to find a stack of splitter block deals which has lead to some amazingly profitable opportunities — thanks Daryl!
PriceFinder have compiled a comprehensive library of videos that explain the many uses of the program. Whether you are a first time user of PriceFinder or an old hand, the support provided is outstanding. Since this blogpost is geared towards informing property investors on the benefits of PriceFinder, I will only be sharing prices available to that niche of users.
PriceFinder are great supporters of local property networking groups and allow select groups such as ours to provide their resource as part of an investor package. PriceFinder has become my personal choice for gathering and filtering property data to assist with my property deal feasibilities. I tend to have PriceFinder open permanently on a second monitor screen because of the constant referring to this great resource. I find the mapping tools and one quick research tools exceptionally good and have learned to appreciate the simplistic layout and display of a huge amount of data.
Price: 9 out of 10 stars Ease of Use: 10 out of 10 stars Quality of Data: 9 out of 10 stars Customer Support: 9 out of 10 stars Deal Finding Capability: 9 out of 10 stars. If you missed the previous two blog posts detailing the pros and cons of Real Estate Investar and PriceFinder, I encourage you to click on the links below to read them first:.
Many investors and real estate agents along with valuers and mortgage brokers would be used to the name RP Data as far back as the previous century. CoreLogic is the largest property data and analytics company in the world.
Currently they have 20, customers and , end users, which pretty much makes them the Big Daddy of this niche. CoreLogic RP Data provide a multitude of services which I think can sometimes dilute the quality provided to the smaller players in their market, which is everyday property investors like you and me.
However just like the other two competitors, CoreLogic RP Data have a premier resource for providing accurate up to the minute data to assist investors with assessing project feasibility. With so much scope in what this company provides, it can be a little confusing when you go to their website as they are marketing to a variety of different sectors in the industry.
As you can see in the above image, there are a vast array of clients that CoreLogic RP Data market to. Property Value has a free and paid version that provides limited property data researching tools. Ultimately the Property Value option is a neat package for those wanting very basic information.
With On The House, you can get property value estimates, zoning information, land size and sales history including how much a property was sold for. It also allows you to carry out suburb research, affordability assessment, run individual property reports and view comparable properties in the area so you can compare the asking price before you make an offer.
Property Styling. Save my name, email, and website in this browser for the next time I comment. Sign in. The estimated price range of the property A property report will give you an indication of how much a property is worth.
Recent sales of similar properties in the area You will be able to see details of recently sold properties in the area including the date they were sold, land size, number of bedrooms, number of bathrooms and garage size. Suburb Property Performance You can find out more about how property in a suburb has performed over the past 10 years including changes in median price, sales per annum and the recent median sale price broken down by month.
Suburb Profile The property report will provide you with some insights into the suburb's demographics, such as household occupancy, household income and household structure. Related articles. Property report What it is and why you need one. What is a suburb report? Top 3 tips in buying a new investment property. TAP to chat! You can access the report straight from your phone, or open it on your PC. However, you like.
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To chat about your deposit, lending and first home ownership options book in a time to sit down with us, or feel free to call on The information on this page is general in nature and should not be considered as advice. Before you act on this information you must seek independent legal and financial advice.
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