What type of information will I need before I can use the MID Investment Property Analysis Application?
The MID Investment Property Analysis Application™ requires some basic information about your property. The most important pieces of information you will need before starting the analysis are:
1) Purchase price for the property
2) Loan amount including the term of the loan and interest rate
3) The expected rent of the property
4) General expenses such as strata, council and utility rates
5) Your marginal tax rate
The rental and capital growth rates are also extremely important inputs however MID Input Wizard will provide you with guidance on how to best estimate these rates.