Real Estate Investar Training

How do I reconcile rental payments?

Once rent is showing in your bank feeds, to reconcile the income and account for any expenses that have been taken by your Property Manager please follow the below steps.

Before you start, have a copy of your rental statement with you as it will make it easier to process.

How do I run a Grid Variance Analysis?

A Grid Variance Analysis is the process where you break down the numbers of a suburb to identify the Sold and/or For Sale numbers into low, mid and high price ranges.  This is a great method in identifying suburbs where there are big price gaps between the low to middle and middle to high where renovations or development can result in the best financial return. 

How is the valuation estimate generated?

1. Most recent sale date/price for the property (Pricefinder define recent as within the last 2-3 years).
2. Analysis of sales from local neighbourhood. 
3. Similarity (type of property, no. of bedrooms, land size etc.) of neighbouring property sales to the target property (within 1km radius).
4. Only Sold properties contribute to the estimate, no listing data is used. 

The confidence score indicates how likely the valuation estimate generated is accurate based on the availaiblity of comparable sales data. 

• Age of property.
• Quaility of fixtures and finishes.
• Pre or post renovated.
• Location within the suburb (i.e. waterfront).
• Proximity to infrastructure and amenities (i.e. next to a cemetery or powerlines). 
• Prone to flooding.

How do I save or delete a property from my Watchlist?

To save a property in to your Watchlist:

How do I generate an estimated valuation in My Valuer/My Research?

What is a Moving Average?

This can be found in the Sales & Growth Chart

A moving average is a set of numbers, each of which is the average of the corresponding subset of a larger set of datum points. 

A 3-month moving average forecasts an accurate representation of what the median price will be for the coming month based on the last 3 months. 

What is the accuracy and timely input of data in to My Valuer/My Research?

How do I search by an address to order a Property Report?

How do I run a rentals report for a suburb?

The Rentals Report will identify properties based on your criteria that are currently for rent and rented. It will provide:

How do I access the sales statistics and demographics of a suburb?

1. Click on My Valuer/My Research.
2. Order a Suburb Flyover Report by either entering in the suburb in the address field at the top of the screen OR click on Statistics > Suburb Flyover.
3. Enter your target suburb and click "Search"
4. Suburb Flyover Report will launch on screen.
5. Click on Demographics, Housing or Other Statistics to access data collected from the 2011 and 2016 Census.