A critical element in both activities is deciding where to look to get the best result.
John Kovacs, managing director of NMDDATA, has developed a new property listing website that identifies the real gems in the real estate market, and just like mining, he says it is critical to look in the right place. Once you've located a gem, careful analysis is required to determine its conceived value.
NMDDATA has created a website that exclusively lists mortgagee foreclosures & deceased estate and housing authority properties for sale Australia-wide. The website is aimed at making these properties more transparent and accessible to all that recognise true value in today's property market.
This is valuable information to all potential buyers - especially first homebuyers who are being priced out of the market - when the ratio of average income to average home price has increased from four times the annual average in 2002 to a whopping nine times the average annual income in 2008.
For property investors the average growth of 11% in rental returns over the past three years has once again spiked interest for those value-based properties that are not going to waste time or money to bring a solid yield and capital return.
Since its inception, nmddata.com.au has featured over 9,500 properties worth in excess of $2bn. Whether they be repossessions, deceased estate or housing authorities, the NMD database sources WHEN, WHERE and with WHOM each property is listed for sale, and updates are daily. Collectively, they constitute the best value for money in today's ever tightening property markets across Australia. 10–30% less market value is certainly achieveable.
Banks, non-bank lenders, public trustees and estate administrators are applauding the initiative and the growing body of property listings is indicative of the support from real estate agents throughout the country.
All in all, the establishment of NMDDATA has created a more efficient approach for both buyers and sellers in this segment of the real estate market.
Unearth that elusive GEM!
Visit www.nmddata.com.au Today!
The above information is supplied by NMDData.
Dislcaimer: while due care is taken, the viewpoints expressed by sponsors do not necessarily reflect the opinions of Your Investment Property.
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