Your property might be worth more than you think. Your financial goals might be closer than you realise. But how would you know?
In our latest monthly Moorr LIVE, Product Managers Connor and Kev took us behind the scenes of two exciting new features designed to give you a clearer picture of your finances, today and into the future.
🏡 Property Value Estimate: Discover what your property could be worth today and why keeping your property values up to date matters.
🎯 Dynamic MyGOALS: Go beyond simply setting financial goals. See when you could reach them, which ones are on track and how your priorities affect the bigger picture.
Both features are now available on the Moorr web app, and there’s plenty to explore!
Missed the LIVE? Catch the full replay below.
🏡 Property Value Estimate: What’s Your Property Worth Today?
Here’s a question Kev raised during the LIVE:
When was the last time you updated your property’s value in Moorr?
If you’re like many property owners, you might have entered your property’s purchase price or a previous bank valuation when you first set up your account. And then… never touched it again. 😅
The problem? Your property’s value plays an important role in understanding your financial position.
An outdated property value could mean your net worth, equity and loan-to-value ratio (LVR) aren’t reflecting your property’s estimated value today.
That’s where Moorr’s new Property Value Estimate comes in.
How does it work?
Moorr takes a property value you’ve previously entered, such as a purchase price or bank valuation, and looks at how similar nearby properties have performed since that date.
Using your property’s details, including its location, property type, bedrooms and bathrooms, Moorr generates an updated estimate.
During the LIVE, Kev demonstrated how users can:
- View an estimated property value based on comparable market movements.
- Explore an estimated value range, rather than relying on a single figure.
- Compare property performance, including estimated growth over time.
- Review property insights, such as estimated equity, comparable property medians and days on market.
- Update property details, including renovations or additional bedrooms, to generate a new estimate.
What if you’ve renovated your property?
This was one of our favourite demonstrations!
Kev showed an example property with an estimated value of approximately $965,000. After updating the property’s details to reflect an additional bedroom, the estimate changed to approximately $1.2 million. Of course, these were demonstration figures, but they highlight why keeping your property details current matters.
One important reminder: Property Value Estimate is just that, an estimate. It’s designed to help you understand your property’s potential value and performance, not replace a formal bank valuation or professional property appraisal.
The team also shared plans to explore automatic quarterly estimate updates in the future, making it even easier to monitor property performance over time.
👉 Explore Property Value Estimate in Moorr
🎯 Dynamic MyGOALS: Can You Actually Achieve All Your Financial Goals?
Now, let’s talk goals!
A European holiday. A new car. Buying an investment property. Celebrating a milestone birthday.
Most of us have more than one financial goal. But here’s the tricky part.
They’re all competing for the same pool of money.
When we first introduced MyGoals back in 2022, users could set their financial goals, choose target dates and track what they wanted to achieve.
But Connor highlighted an important limitation during the LIVE.
Setting a savings target is one thing. Knowing whether you can realistically reach it, while working towards all your other goals, is something else entirely.
That’s why we’ve introduced Dynamic MyGOALS.
Your goals. Your priorities. A clearer path forward.
Dynamic MyGOALS connects three important pieces of your financial picture:
- Your current savings: The money available in your bank accounts, less any excluded balances.
- Your budgeted surplus: Your income after budgeted expenses and loan repayments.
- Your goal priorities: The order in which you want to work towards your goals.
Moorr uses these figures to project when each goal could be fully funded. And here’s where things get interesting.
Add a new goal, change a target date or shuffle your priorities, and your projections recalculate instantly.
What happens when you add another goal?
During the LIVE, Connor demonstrated this by adding an investment property goal alongside an existing holiday and birthday celebration.
But how much cash would you actually need to purchase that investment property? Dynamic MyGOALS lets you enter your target savings amount or estimate the cash required using a desired purchase price, deposit percentage and estimated purchase costs.
For example, the demonstration used a $600,000 investment property with a 20% deposit and 6% purchase costs. Once the goal was added, Moorr recalculated the projections across the existing goals. That’s because your savings and surplus aren’t unlimited. Setting money aside for one goal can change how quickly you reach another.
And that’s exactly what Dynamic MyGOALS helps you understand.
Note: The property purchase goal focuses on the cash required. It doesn’t factor available property equity or borrowing capacity into the goal’s funding calculation.
Priorities matter, not just deadlines!
Here’s another interesting part of the demonstration.
By default, goals are ordered according to their target dates. But what if your investment property purchase matters more to you than that overseas holiday?
Or what if your upcoming birthday celebration is non-negotiable?
With Dynamic MyGOALS, you can change the priority order of your goals. Moorr then recalculates how your savings and surplus are allocated, helping you see the potential trade-offs.
It’s not just about when you want to reach a goal. It’s about what matters most to you.
💰 See Where Your Money Goes with Cash Projection
One of the most powerful features Connor demonstrated was the Cash Projection.
Instead of simply showing a list of goals and savings targets, Dynamic MyGOALS maps out how your cash could be allocated across your goals over time.
You can:
- See how your savings could build month by month.
- Understand how much cash is allocated towards each goal.
- Explore what happens when a goal is funded and the money is spent.
- View projections over 1, 3, 5 or 10 years.
Imagine saving for an investment property while also planning a major holiday. The Cash Projection helps you visualise how those two goals interact and what happens to your available cash when you reach them. It’s a much clearer way to understand the financial impact of your goals before making decisions.
🛟 Don’t Forget Your Emergency Fund!
Another important feature Connor highlighted was the Emergency Fund.
Unlike a holiday or car purchase, your emergency fund isn’t something you’re saving towards and then spending as planned. It’s your financial safety net.
In Dynamic MyGOALS, your emergency fund receives priority over your other goals. If your savings fall below your emergency fund target, available surplus is allocated towards rebuilding it before funding your other goals.
For example, if you’ve set aside three months of expenses as your emergency fund, Moorr will work towards maintaining that savings buffer in its projections.
🚀 Two New Features. One Clearer Financial Picture.
There’s a common theme behind both releases.
The better you understand your financial position, the better equipped you are to make informed decisions.
- Property Value Estimate helps you better understand what one of your biggest assets could be worth today.
- Dynamic MyGOALS helps you explore what’s possible with your current savings, budgeted surplus and financial priorities.
Together, they’re another step towards making Moorr a more useful place to understand and manage your household finances.
And we’re not stopping here!
As Connor and Kev shared during the LIVE, the team is continuing to improve Moorr, with more refinements, features and educational resources on the way.
Ready to Explore?
Both features are now available on the Moorr web app.
🏡 Learn More About Property Value Estimate
And remember, our Moorr LIVE sessions happen every month on our YouTube Channel! Join us for live feature demonstrations, practical tips and the chance to ask our product team your questions.
Got feedback or ideas for future Moorr features? We’d love to hear them! Send them in below 💜
