Money management is an intricate task. However, nowadays with the help of smartphone apps, investors can manage and plan future investments in a better way. There are several apps that can be beneficial for the property investors in Australia and can be used to augment their purchases. Some of these apps are explained below:
1. PROPERTY CALCULATOR AUSTRALIA
Developed by ZANIDY PTY Ltd., this calculator app is ideal for property investors. It facilitates the buyers to calculate the cost of an investment property. The app is free for both Android and iPhone users. The Property Calculator represents a holistic picture of the financial investment. It calculates the deposit and stamp duty when you enter the purchase price. Furthermore, you can customize the results and assess your repayments, lenders mortgage insurance, and your loan balance. The app is particularly great for comparative analysis as you can change the rate of interest for customized loan terms as well as draw a comparison between different loan options.
2. TAP MORTGAGE AUSTRALIA
This app is restricted for iPhone, iPod Touch and iPad users. You can calculate loan repayments and stamp duty and give an interpretable graphical representation of the amortization tables, cost structure, and property valuation analysis. Just by moving a slider, you can change the variables and calculate results for a different set of data. Investors who have to deal with mortgages and home loans can make the most of the self-proclaimed “No. 1 Mortgage app of Australia”.
3. BMT TAX CALC
This app is exclusively designed for iPhone/iPad users who are in the property investment business. The app calculates the potential depreciation tax deductions. It facilitates the property investors to claim annual deductions based on the depreciation of a building and its fittings. An important thing to keep in mind is that BMT Tax Calc only calculates the maximum and minimum estimates. Therefore, the values cannot be mentioned in the depreciation schedule.
4. SUBURB INVESTOR
This app is meant for both iPhone and Android users and it enables property investors to pick an ideal suburb for investing in properties in Australia. The smartphone application analyses the amount of equity that a property investor can accumulate after an investment in a particular area. With the help of this app, you can judiciously reach a conclusion as it provides you with reports about the capital city suburbs, the fastest growing suburbs and the suburbs which are ideal for long term annual growth. So, if you want to find out the suburb that can yield maximum return on investment, you can download this app.
5. REALESTATE.COM.AU
Realestate.com.au is a property search app compatible with both iPhone and Android. You can discover properties for renting or buying along with the estimated prices. Property investors will get notifications about important events, such as inspection time, new listings, and auctions. You can integrate these events with your calendars so that you do not miss out an opportunity.
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