New online investment property search from homesales.com.au prioritises financial strategy alongside location
Property investors seeking property investments that best match their investment strategies now have a new search tool launched by real estate portal Homesales.com.au.
The free search tool allows property investors to search for properties based on whether they are seeking a positive or negative cashflow investment.
Investors are also able to search based on suburban historical capital growth performance, suburban rental yields, suburban population size and the percentage of people who own properties in the suburb.
Investors can choose from a number of mortgage repayment options when beginning their searches.
Capital growth performance and yield data is provided by Residex, while suburb home ownership and population data is “created” by Residex based on ABS data from the 2006 census.
Each property listing also provides median weekly rents for houses and units in the suburb, the annual number of sales, average vendor discounting and average number of days on market – all provided by Residex.
While each listing provides a “Property Rental Yield” category, this information is not currently provided.
The search does not include properties listed for auction or those with a price on application listing.
Homesales.com.au is a website in the stable of ASX-listed online car sales classifieds portal carsales.com.au.
“Property investment is about making informed rather than emotional decisions. Therefore it was important to build a unique service for this part of the property marketplace,” says homesales.com.au general manager Rhett Dallwitz.
Dallwitz says the investment property search is the first of a number of market-specific launches homesales.com.au is planning moving into the next financial year.