A new app to help property investors assess the financial health of their portfolios has hit the market.
Investor Forecasts’ new app provides access to a range of the fintech’s tools on the go, including their proprietary Property Assessor and Property Optimiser calculators.
By leveraging the platform, investors can get the info and support they need to make important decisions about how to manage their portfolios, by assessing the cost versus return on renovations and potential market movements. The tools provide insight for investors looking to optimise their potential financial returns and assess investment risk.
Investor Forecasts founder Brenton Smalley said the ease of having info readily available on an app was intended to help investors make the most of their hard-earned savings.
“I am thrilled to be launching this new software today, it’s been quite the journey to get here but we are excited to be helping people achieve their financial goals in an accessible way,” Mr Smalley said.
Launched in 2019, the company caters specifically to individual investors looking to get support on their investing journeys. Annual subscriptions range in price from $330 to $660 per year.
Mr Smalley noted that in developing the tech, they wanted to ensure it was applicable to Australians no matter where they were looking to base their portfolios.
“Our calculators can be used on any investment property in the country to forecast potential financial returns, cash flow, capital growth and loan positions,” he said.
“In uncertain times with inflationary and interest rate pressures it’s essential for investors to get their fundamentals right.”
The firm notes that it also has made a commitment to improve social outcomes in the country, and thus donates 10 per cent of gross profit to charity.
ABOUT THE AUTHOR
Based in Sydney, Juliet Helmke has a broad range of reporting and editorial experience across the areas of business, technology, entertainment and the arts. She was formerly Senior Editor at The New York Observer.