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Property Investment Software (from $260 to $90)

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Property Investment Software (from $260 to $90)
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devank on 31/01/2013 - 12:17 propertyinvestmentsoftware.com.au (876 clicks)
IRR153040

This is a Property Investment software. Generally they charge about $260 but they have 50% off sale finishing today. However I found the promo code on the web (URL should take it directly) which gives you additional $40.00 discount which makes it $90.00. If you can get tax deduction then you will be paying only about $60.00 which is not bad at all.

Features are taken from their website:
Made for the Australian property market
Multiple analysis scenarios
Choose between equity or cash
Built in depreciation calculator
10 year performance forecast reports
and graphs

Financial

Related Stores

propertyinvestmentsoftware.com.au
propertyinvestmentsoftware.com.au

closed Comments

  • siraitken on 31/01/2013 - 12:38

    Has anyone used this software before?

    I am interested but would like other peoples opinions.

    • devank on 31/01/2013 - 12:46
      +1

      I used the trial version of PIA (http://www.somersoft.com.au/software.htm). PIA has been around for a long time and also widely used. So I would think PIA to be 'bug free'. PIA is kind of 'industry standard'.

      However discounted price for this product (and ease of use) made me buy this.

      Having said that I may still prefer my own Excel though :)

    • FirstNameLastName on 31/01/2013 - 12:49
      +1

      maybe ask/search the somersoft property forums.. heaps of investors there.
      also whirlpool

      • devank on 31/01/2013 - 12:57

        I would suggest whirlpool because the somersoft property forum and the PIA are related.

  • jv on 31/01/2013 - 13:30

    PIS is overrated…

    • devank on 31/01/2013 - 14:04

      Can you please explain your reasons?

  • xtanda on 31/01/2013 - 14:27
    +2

    Hi
    I think nobody really ever pay that RRP as their own website (the maker) already selling it at $129
    http://www.propertyinvestmentsoftware.com.au/buy.html

    And further discount is achieved with affiliate program to $89
    http://www.propertyinvestmentsoftware.com.au/affiliates.html
    (So the link above should be marked as affiliate link, then!)

    As property investor tough, PIA is really the "standard" - I mean bring the report to the bank they probably have a look at it.

    If it is just for calculate cashflow/future value/etc - as indicated above - your spreadsheet can do that - all formula is on the net if you do not know, some provide ready template. If you are serious, it is actually better to know how they come up (i.e: calculate) with the number.

    Well, the problem with custom spreadsheet or non-PIA program is that, you cannot really discuss/compare it with other which is usually uses the PIA.

    One other "fancy" software is POSH - but this is even more expensive than PIA
    http://www.supertech.com.au/POSH.htm

    Having said all of the above, pricewise - with similar functionality, $89 is a good price but probably not too much of a "bargain" as most buyer will pay pretty much that price.

    • devank on 31/01/2013 - 15:23

      I think the 'affiliate' discount is meant to take $40 away from their regular price. Their current 50% off is not a regular deal. It is supposed to finish by today but it may well be marketing technique. I don't think they expect people to use both!

    • davidl2 on 31/01/2013 - 16:18

      thanks for sharing

  • geoffs87 on 31/01/2013 - 16:35

    does this do anything excel and a keen eye can't do?

    • siraitken on 31/01/2013 - 16:50
      +2

      I doubt it can do anything excel can't as it merely programming basic formulas.

      But if you don't have the time & skill $89 may be worth it.

      I have the skill to run the same calculations as theirs and the abiltiy to customise it for my own purposes but I spent the $89 to consolidate my current spreadsheet without expending my time.

      Effectively you are forking out a few hours of pay to save multiple hours of work.

      • geoffs87 on 31/01/2013 - 17:11

        yeah makes sense. I built a similar calculator in excel for fun, does pretty much all the above mentioned stuff for me, but this program looks fancier, that will probably sell me to spend the $89!

    • devank on 31/01/2013 - 17:16

      Agree with Siraitken. I'm pretty good with Excel and do everything in Excel! Nothing beats the flexibility Excel offers. However, I'm not an accountant or tax agent so I can 'programme' only what I know. There is always a 'doubt'.

  • nimbin2k on 01/02/2013 - 01:11
    +1

    so this is only to test different scenarios of buying an investment property, and not a tool to manage one?

    • devank on 01/02/2013 - 20:55

      I don't think this software can be used to 'managing tool' but I think you can track capital costs though. I haven't played enough to answer that question fully.

  • [Deactivated] on 01/02/2013 - 08:17
    +1

    for testing/comparing different scenarios this probably isnt as good but its free: http://download.cnet.com/Free-Investment-Property-Calculator…

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