Stacked Up app gives each suburb an index number - or 'index score' - to show the ratio between estimated short term rental income and the median purchase price of a unit property. A higher index number indicates a higher estimated rental-income to median purchase price ratio, demonstrating how short-term renting in some suburbs may potentially provide a better opportunity to make the numbers stack up than in other suburbs.
Example: An apartment in suburb A which costs $500k and has an estimated rent of $100pn has an index score of 20, whereas an apartment in suburb B which costs $500k and has an estimated rent of $150pn has an index score of 30. A third apartment in suburb C, which costs $750k and has an estimated rent of $200pn, has an index score of 27.
We’re still working on the app - we want it to show how income from short term renting compare for places with different numbers of rooms, different proximities to transport, and different property features - to help first-home buyers, up-graders, and those who already own a home (and want to see if short term renting stacks up for them). What do you think the app should do? Take the survey here.
Read the Stacked Up App Disclaimer.