What if I don't have enough information about the property to perform the analysis?
We understand that you might not have all the information available to you if you are looking to buy a property. The MID Input Wizard™ has many sources to guide you in obtaining relevant information for the investment analysis. In addition to this, there are some specific property information (such as strata fees and council rates etc) which you might be able to obtain through Property classifieds websites such as Realestate.com.au or Domain, or you can ask your real estate agent.
Alternatively, the MID analysis has the flexibility to exclude the information in the analysis if you don't have it handy (note: there are some mandatory fields which have an asterisks (*) marked next to it). This will reduce the accuracy of your results however it may still provide you with valuable indications about the viability of the prospective property investment. When using MID with incomplete information, think about the impact of the missing pieces of information on the results or alternatively you can input an estimate through the wizard and amend the information when they become more clear to you.