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Scenario Analysis of what ?
Sounds like the type of thing Terry was discussing. A property financial plan but most people wont pay a cent for it.
As a result he no longer offers the service. Dont know of any software that could handle the multitude of scenarios required. e.g. positively geared, negatively geared, trust vs individual vs super, projected capital gains and tax effects of the various structures, etc, etc, etc
Hence why there must be some software to help pull all of this together. And no ... the answer is not a financial planner ...
You might be looking for something like this:
http://www.plansoft.com.au/Products/FinancialPlanner/FinancialPlanner.aspx
which I have never used, but looks interesting?
I have the software, I can build any number of scenarios for you. I have been doing this for the last 9+ years. I produced a property report for one of the mortgage brokers on here.
The software that I use is available to anyone who wishes to subscribe to the service, however the cost is prohibitive for individuals.
Although I haven't seen it, maybe the Somers' property program would be suitable for you? There is also a guy from Perth who has developed a software package designed for financial advisers that focuses specifically on property investment scenarios, although I can't remember what it's called. Googling for it should get you some results.
Edit: here it is: http://www.bezdex.com/
Not a promising startJust tried to download/install home edition and it failed with error message
Does anyone know of any software that does scenario analysis taking into account your PAYG job with up to date tax rates ?
1. scenario one property held 50% in one owner's name amd 50% in partner's name with income for 20 years and standard growth rate. nice and easy analysis. partner earning same income.
then compare it to the partner giving up work in 5 years time and affects on negative gearing benefits overall. a whatif property is sold during that time
compare to if partner not working for 5 years and property sold after 7 years when she is back working the same job.
does the scenario analysis include an asset which has moved into super. does the scenario analysis should a further scenario of buying in a UT and allowing it to move to super vs not moving to super. sub scenarios of both those scenarios where contributions are made to super vs not made to super and in-specie contribution of units.
Xplan
Best to see a financial planner who can model out these scenarios for you.
This website has a lot of excel spreadsheets relevant to property
http://www.investmentpropertycalculator.com.au/calculators.html
Well its not like they can go see a paraplanner that provides outsourced paraplanning servicesNot really. There are very very few advisers that understand RIP and fewer who can model scenarios.