They say that 90% of all millionaires become millionaires through owning and investing in real estate.
We’re not entirely sure if that’s true.
But one thing is undeniable.
If you aren’t using well-respected tools and resources to perform thorough and detailed research into the properties you buy and the market you’re trying to break into, you’ll be letting yourself down.
There’s no sugar coating it.
You’ll be left behind.
That’s an easy fix. Below are 5 tools that every property investor should be using to keep themselves informed.
This well-known encyclopedia is highly accessible to both property newbies and veterans alike.
Not only is it a terrific resource to look for any property in Australia that you want. It’s superb for learning a whole range of different tips, tricks and investment techniques.
It’s also excellent if you’re hungry for information on taxes, renting, property management, property financing and more.
Basically, it’s your go-to guide for everything Australian property.
- Smart Property Investment
One of the best resources on the internet to find critical property market data.
Complete with detailed informative news articles and podcasts, this is certainly a place for every property investor to source information necessary for crushing goals.
You can source high-quality expert analysis on the property market, whether you’re craving information on the newest listings, trends on postcodes, taxes, the metaverse and more.
A brilliant resource to find exactly what its name suggests – the value of a property.
Sometimes we don’t have time to engage an agency or wait for a bank to come back with a property valuation.
A tool like Property Value can help you get a pretty good idea of what a property is worth at your research stage.
It can help you also make data-driven decisions when figuring out the best way to grow your portfolio.
- Smart Investor (Australian Financial Review)
The Fin Review’s Smart Investor is a well-known national authority on the topics of personal finance and investing.
This is another outstanding resource for the confident investor who has a strong understanding of financial concepts and is looking for ways to apply those concepts to their personal finances.
This, of course, includes property investment.
- PropertyInvesting.com (forum)
There is true power in community.
If you’re looking to pick other investors’ brains, join the Property Investment forum (it claims to have over 100,000 members and growing).
Sometimes the best ideas you’ll get are from bouncing off other people.
This community is incredibly active. You’ll be sure to learn something useful navigating your way through the various threads and drilling other investors for information.
You have what you need. So go nuts!
(Or, if none of these websites do it for you, ask for another reference – we have plenty of other resources up our sleeve).