Welcome back to the latest Moorr Quarterly Update!
We’ve been hard at work over the past few months, developing new tools and content that make managing your finances and property investments even easier. Whether you’re focused on budgeting, investing, or simply trying to stay on top of your finances, these updates are designed to give you greater insights and control. Here’s everything that’s new and a sneak peek at what’s coming next.
What’s New?
1. Rental Analysis Tool:
Our Rental Analysis Tool is designed to give you a detailed and comprehensive view of rental market conditions, whether you’re a landlord, tenant, or property investor. In addition to up-to-date rental insights, the tool offers key statistics such as minimum, maximum, median, and weighted average rent, as well as the current days on market. Unsure about any of these terms? Just click the info icon for a clear explanation.
But that’s not all – the tool also provides historical rental data with three years of trends, including the median rental value by radius and suburb, as well as the weighted average by radius. This feature helps you track changes over time, offering valuable insights into how rental values have shifted and assisting you in making informed property decisions.
Learn more about the Rental Analysis Tool here >
2. Property Cashflow Projection Tool:
We’ve heard your requests, and the Property Cashflow Projection Tool is now available! This feature helps you break down the true costs of owning a property by projecting its future cash flow. You’ll get a clearer picture of your asset’s performance by calculating potential income and expenses, giving you more confidence when managing your portfolio. It’s perfect for investors looking to stay ahead of their financial commitments. Learn more here >
3. Property Depreciation:
One of our most requested features is now live – Depreciation for Investment Properties! This new release allows you to enter depreciation for each tax year, either as a total sum or by breaking it down into Capital Works and Plant & Equipment (if applicable), provided you have a valid depreciation schedule for the property. Learn more here >
4. Net Worth, Asset and Debt Position
Understanding your financial position is key to making informed decisions and planning for the future. Our new tracking tools are designed to give you a comprehensive overview of your finances, helping you to manage your money more effectively and reach your goals faster… via your mobile! Learn more about these mobile tools here >
5. Offset Benefits Insights & Projections
Do you ever wonder how much you’re saving with your offset account? Our Offset Benefits Insights & Projections feature gives you a detailed view of how your offset savings are working for you. It helps make the invisible visible by showing the interest saved in real time—because the money you save is just as important as the money you pay. See how much faster you could pay off your loan, and make more informed decisions about your savings strategies. Learn more about our offset feature here >
6. And heaps of other mini-updates and improvements such as:
In addition to these big updates, we’ve rolled out a series of smaller but significant improvements to ensure Moorr continues to provide a seamless experience. From performance enhancements to feature refinements, we’re constantly working behind the scenes to make managing your finances simpler.
You can learn more about our regular updates here >>
New Educational Content Released
1. Webinar: Data to Decisions – Moorr’s Tools for Savvy Property Investors
A must-watch 1-hour session where we walk you through how to use Moorr’s data-driven tools to make smarter property investment decisions. It’s packed with actionable insights and step-by-step advice for leveraging the platform’s top features. Watch the replay here >
2. The Real Cost of Holding On
What are the true costs of keeping a mistake, perhaps an underperforming investment? In just 4 minutes, this video breaks down why holding on might be costing you more than you think. Watch now to understand what sunk cost fallacy is really costing you.
3. 99% Have AAC Biases. Do You?
In this 5-minute video, we explore the often overlooked AAC bias that can shape your investment decisions without you realising it. Are you falling victim to this bias? Find out now!
4. Unlocking the Secrets of Loss Aversion
Why is our brain wired to avoid loss, even at the expense of gaining more? This 5-minute deep dive uncovers the psychological forces that drive us to make suboptimal investment decisions. Learn more here!
What’s Coming
And of course, we have an array of incredible tools and features lined up for you in the near future:
(Oct 2024) How Social Media Shapes Your Property Decisions – Ever wondered how much influence social media has on your property choices? In this upcoming video, we explore the impact social media has on property investment decisions and how to stay objective.
(Q4 2024) MoneySMARTS 2.0 – Just in time for your annual rollover, we’re launching an enhanced version of MoneySMARTS! This update will help you take control of your finances in a whole new way, with advanced features designed to streamline your budgeting and money management process.
(Q4 2024) Money Management Webinar – Ready to step up your financial game in 2025? This webinar will be packed with practical tips and tools to help you master your finances in the new year. You won’t want to miss it!
(Q1 2025) New and Updated Knowledge Centre – We’re revamping our Knowledge Centre to be a one-stop resource for all things money, property, and wealth creation. Expect deeper insights, more educational content, and expert advice right at your fingertips.
And that’s just a taste of what’s to come; we have plenty more surprises up our sleeves so make sure you look out for our monthly updates in your mailbox. 😉
