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The propertyhelp.com.au
website offers a number of free online real estate calculators which are designed to
assist home buyers and property investors. Some are our very own
creations, while others are online calculators available on other reputable
websites.
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Buying Costs Calculator
Before you sign a contract to buy a home or investment
property you need to work out how much it is going to cost you all up. The
purchase price itself is only one of the costs that you need to consider - don't
forget stamp duty, titles office registration fees, the cost of pre-purchase
inspections, banks fees, mortgage insurance, legal costs and the list goes on.
Simply insert details of the type of property you are buying, whether it will be
a home or investment, the purchase price and how much you are borrowing into
our useful
Buying Costs Calculator and it will
automatically take care of the rest! |
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Loan Repayment Calculator
This useful
Loan Repayment Calculator will work out how
much your monthly, fortnightly or weekly loan repayments will be based on
how much you want to borrow, the term (ie. length) of your loan, and the
interest rate your lender is charging. |
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Borrowing Power Calculator
So how do you work out how much a lender will be
willing to lend you? The
Borrowing Power Calculator (from
Ninemsn) will give you an estimate of how much you could expect to
borrow based on your current salary and existing financial commitments.
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Land Tax Calculator
If you own one or more investment properties in
Queensland then you may be liable to pay Queensland Land Tax. The handy
Land Tax Estimator (from the Office of State
Revenue website) will help you to work out whether or not you will have to pay
land tax and, if so, how much. |
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Decline in Value Calculator
If you want to calculate the tax deductions that you
will be entitled to claim for the decline in value of your depreciating assets
(which is more commonly known as 'depreciation'), then this handy
Depreciation Calculator (from the Australian
Taxation Office website) will do all the hard work for you. You can even
use this calculator to compare the diminishing value and prime cost methods of
calculating decline in value, and to work out which method is best for you. |
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Sales Commission Calculator
In Queensland the Property Agents and
Motor Dealers Act 2000 sets the maximum commission that an agent is
entitled to charge for selling your home or investment property.
For many years this has been 5% of the first $18,000 plus 2½% of the
balance of the sale price. 10% GST will be added on top. Use
our Sales Commission Calculator to automatically calculate how
much commission your agent will receive when they sell your property.
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Rental Return Calculator
The rental return (or rental
yield) that an investment property earns is the total amount of rent
that the property earns each year expressed as a percentage of the
purchase price (or value) of the property. The higher the rental
return the better. The rental return is one of the factors to take
into account when looking for an investment property, and comparing
different properties, but should not be used as the sole or determining
factor. Our
Rental Return Calculator will automatically
calculate the rental return for a property - all you need to do is
insert details of the purchase price and the weekly, fortnightly or
monthly rental amount. |
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Loan to Value Ratio (LVR)
Calculator
Your loan to value ratio (or LVR) is
the total amount of your loan or loans expressed as a percentage of the value of
your property. Your LVR is important for two reasons. Firstly, if
your LVR is more than 80% then you will have to pay mortgage insurance to your
Lender. Secondly, if your LVR is more than 95% (or even 90% for some
Lenders) then you may not get a loan! Use our useful
Loan to Value
Ratio (LVR) Calculator to work out what your LVR will be based on the price
of the property you wish to buy and the amount of the loan you intend to take
out to buy it. |
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Deposit Calculator
How much of a deposit should you
offer when you are buying a property? Generally the amount of the deposit
should be more than the commission that the Seller will have to pay to their
real estate agent when the property sells, but not more than 10% of the total
purchase price. Our Deposit Calculator will help you work out how
much deposit you should offer. |
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Termination Penalty Calculator
If you terminate a sale contract during the 5 day cooling off period,
you will be entitled to get your deposit back less a ‘termination penalty’ equal to
0.25% of the purchase price stated in the contract. If you are thinking of
terminating a sale contract during the 5 day cooling off period, use our
Termination Penalty Calculator to work out the amount of the termination
penalty that you will have to pay. |
THE FOLLOWING ONLINE CALCULATOR,
NEW AND EXCLUSIVE TO PROPERTYHELP.COM.AU,
IS COMING SOON!
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Rental Property Cashflow
Calculator
Use our useful Rental Property
Cashflow Calculator to prepare an estimate of the cashflows arising from a
rental property that you already own, or one that you intend to buy. Work
out approximately how much you will need to come up with out of your own pocket
each week to meet the rental shortfall or, if you are lucky enough to have a
rental property which is positively geared, how much the property will make each
week. |
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