One of the first things you need to do when valuing your own property, is to research recent sales of similar properties in your area.

Collate a list of properties that have sold in the last 6 months that have similar attributes to your own property.

The listing price is not important but rather, what the properties actually sold for.

You need to compare like for like, so look at properties with

• Similar land area
• Similar construction type
• Same number of bedrooms, bathrooms etc

There are numerous reports available online that provide estimates of what your property is worth, with recent sales data to back up the estimates.

 Real estate agents are also a good source to access data on recent sales in your area.

Tap into some of the great features to help you manage your properties in Australia, such as Bpay payments, direct debits, rent tracking, maintenance requests and much more...

RealRenta's Property Management Software will automatically complete many recurring tasks, notify tenants and Owners of upcoming inspections, and can issue reminders and notices when a compliance breach occurs.

Use RealRenta for Free for up to 2 months and  share this with friends and family who have investment properties.