iPhone App review – Agent Calculator

Rental Yield CalculatorThere’s no denying that the Apple iPhone has dominated the mobile telephone market in recent times and tech heads seem to have created apps for pretty much every purpose imaginable. Now an app has been released suitable for Australian real estate agents to perform quick calculations.

Agent Calculator has been developed by Tasmanian real estate agent, Patrick Berry in association with Panotasmania.com

Agent Calculator gives four categories of calculations; Agents Commission, Stamp Duty, Area Conversion and Rental Yield calculator.

When you first start the app you select which State you’re operating in (the app also supports New Zealand) and the state can be changed at any time.

The app is very easy to use and navigate with just four ‘menu’ choices at the bottom of the screen to switch between the four types of calculation.

The Commission calculator is quite basic, providing a total package including commission, GST and advertising costs. The only downside I see to this calculation is that the App assumes that all commission rates you enter are GST exclusive, so adds GST on. I’d suggest a tick box be added where you can select whether the commission percentage you’ve entered is GST inclusive or exclusive, this would be handy for agents charging say three percent including GST. The commission calculator provides different options for different states ie. Allows for a sliding scale commission rate for Queensland for example. There are two commission calculators for New Zealand, fixed percentage and sliding scale.

The Stamp Duty calculator allows different options reflecting the various differences between states. For NSW, the calculator asks whether the purchase is for a ‘first home buyer’ and whether the home is a ‘brand new home’ in order to give a correct total. In Victoria, the app asks whether the property is to be the ‘principal residence’.

The Area Converters are again basic as they should be. Squares to Square Metres and Acres to Hectares. Each calculation can of course be done in reverse.

The Rental Yield calculator is the function I liked best as I, like many agents are hopeless when it comes to anything more difficult than simple arithmatic. Simply enter the property price, the rent and whether the rent is weekly, fortnightly, monthly or yearly and you get the yield. The Rental Yield calculator is simple, clean and completed in a second.

The cost to download Agent Calculator is just $1.99. I think the app would provide value to many agents and let’s face it, you can’t get much for under two dollars that’ll provide any productivity benefit. Clearly, Apple feels the same way, ranking the app as ‘new and noteworthy’ and there have reportedly been plenty of downloads so far with the app being featured as one of the top 5 paid apps within 3 days of its release.

With more and more agents using iPhones and a huge predicted take-up of the iPad amongst agents over the coming year, tools like Agent Calculator could be seen as almost ‘necessary’.

All in all, Agent Calculator is a very useful app that does everything it claims to do!

Agent Calculator can be downloaded at the app store http://itunes.apple.com/au/app/agent-calculator/id443102280?mt=8#

Agent Calculator, commission, iPhone, iPhone App, iphone for real estate, stamp duty

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About Daniel O'Meara

Daniel is one of the Directors and the principal of O'Meara Property at Nelson Bay, NSW. Having started working weekends in real estate while at school, Daniel has now been in the industry for almost twenty years. O'Meara Property is a growing coastal agency dealing in reasidential and commercial sales and management, self storage and holiday rentals.

11 Responses to iPhone App review – Agent Calculator

  1. Ryan O'Grady July 19, 2011 at 10:06 am #

    Thanks for the review Daniel and welcome to contributing to B2.

    The app sounds good, I see it can also caclulate stamp duty which could come in handy for agents at opens inspections interacting with property buyers.

    What do you think guys is this something you could/will use?

  2. Ryan O'Grady July 19, 2011 at 10:08 am #

    Also, I have a few other free vouchers to download the app. So if anyone else would like to give it a test run and of course post their experience on this thread then send me an email.

  3. Patrick Berry July 19, 2011 at 10:44 am #

    Hi B2, thanks for the great review, I

  4. Sal Espro July 19, 2011 at 10:48 am #

    Stamp duty is the only useful one really, isn’t it. Will the tables be automatically updated whenever they change?

  5. Glenn Rogers July 19, 2011 at 11:25 am #

    $1.99 ?
    How would you expect to make money out of that unless you sold it to the US market ?
    Sell the app to REA and they will price is at $500 🙂

  6. Brendan Lindstrom July 19, 2011 at 12:05 pm #

    Thanks for the Review 🙂
    I like the App – It works well – GST Inc option will be a good upgrade and contract/settlement date calculator will be welcomed
    The Rental Yield calculator is very nice
    Happy Hunting all.

  7. Daniel O'Meara July 19, 2011 at 1:56 pm #

    Hi Patrick.

    The GST function and the settlement date calculator will be a great addition to the app. Referring you to Glenn’s comment, can you let us know; is the app designed as a business proposition or is it a tool for your staff and you’re recovering some costs?

    If it is a business proposition, is there any other apps in the pipeline?

  8. Patrick Berry July 19, 2011 at 2:17 pm #

    Hi Daniel,
    To be honest I was just surfing the app store one day while at work and noticed that the REIQ had developed a commission calculator for Queensland agents which got me thinking about developing an app for Tasmanian agents as I could see myself using it daily while running meetings with vendors and purchasers.

    Once I launched the Tasmanian version of Agent Calculator I could see there was potential to develop this app Australia wide and it was not until I re-launched the app covering all of Australia that it really took off.

    The cost involved in purchasing the app is in regards to development costs/time involved in getting Agent Calculator to the app store. As to if this app is a business proposition or a personal tool I would have to say at the time of my initial development that it was really just a fun hobby while I had down time within the office. Now that the app has exploded further than I could have imagined I am excited to see what doors/opportunities it creates and where we can take it over the coming months.

    The feedback from users has been very positive and we are already starting to include ideas provided by our users with 3 new calculators being released into the app this week and a list of future developments still to come including an iPad version of the app and a android version also.

  9. Glenn Batten July 19, 2011 at 7:47 pm #

    Android version… now we are talking !! 🙂

  10. Patrick Berry July 21, 2011 at 10:24 am #

    Version 1.2 is now live in the app store, fixing your GST question.

  11. Daniel O'Meara July 21, 2011 at 11:44 am #

    Patrick. Thanks for advising of the update. I’ve downloaded the updated version and yes you have addressed my suggestion.

    Contract date calculator and the other converters are worthy additions to an already very useful app.

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