by ENAMUL MAZID 
“90% of all millionaires become so through owning real estate.”
-Russel Sage, Financier
Property investing is not something that you should jump into blindly. Before the down payment, do thorough research. Take a deeper look into the property and how you’re financing it.
Get an expert to critically analyse the property title with you before making your final decision. It is no fun being house-poor. Or even worse, it is a nightmare to take on a piece of property that becomes a money pit instead of making money for you.
The great thing is that there are tons of tools out there that can help you to avoid the pitfalls of property investing. Wherever you are in your property investment journey, you can find material to guide you. It just takes a little bit of research. The fact that you’re here means you want to make informed decisions going forward.
So let’s look at 5 tools that everyone in the real estate investing industry should be using.
Aussie Property
This is an industry-specific search engine. You can go to aussieproperty.com to search for different property listings across the country.
Even if you’re a newbie to property investing, there’s a lot to learn from Aussie Property. They have an entire section dedicated to educating property investors on what they need to know to make ethical and lucrative use of the industry. You’ll get tips on investment techniques and strategies to get you both the best property and to keep you safe from a legal standpoint. So you will have access to things like advice on property tax situations you might encounter as an investor.
The Aussie Property helps with renting, property management, investments and syndication, exclusive buying opportunities, and property financing.
DSRdata.com.au
Here you’ll find the demand and supply ratio of different areas. So if you are searching for property in a particular suburb, you can use DSRdata.com.au to find out how lucrative buying property there could be for you.
DSRdata.com.au uses a scoring system out of 100 to show you the demand versus the supply for an area. 50/50 means that the demand versus the supply for the suburb that you are looking at is balanced. Any score above 50 indicates that demand is higher than supply and vice versa. With this information, you can get an idea of the possibility of growth in that area.
DSRdata.com.au also tells you the typical house price for a particular area and the reliability. So this is a useful tool to use if you are looking to buy or sell a piece of real estate.
Propertyvalue.com.au
Propertyvalue.com.au is a product of CoreLogic. A lot of people might be more familiar with CoreLogic under its former name RP Data. CoreLogic is already well-known within the property market to provide high-quality property data and analytics.
