Should I furnish my rental property?
Have you faced the decision of whether to furnish your rental property? Maybe you are moving out of your own home and want to know “should I leave my furniture for a renter to use” The obvious benefit to an owner of leasing an apartment furnished is achieving more rent. But what is the rent…Read More→
Property Manager – Find the best one for you.
Find the best property manager for you. Appointing (or changing) property managers or letting agents can feel daunting but in reality it is straight forward. There are 6 areas to evaluate your new property manager Experience and Advice Type or style of buisness Boutique or large network agency Property Managment fees Location Systems and processes….Read More→
How Governments impact the housing market
I am sure your attention (like mine) is caught by news stories on the housing market, and lately it feels like a daily event with a flood of real estate reports as the Federal Election and interest rate changes take centre stage. Much the commentary is about affordable housing, but have you noticed the debate is not…Read More→
New apartment supply under pressure
As we know, one of the main influences on the future value of existing and new apartments, is the relative movement in supply and demand. Demand is relatively opaque and influenced by many factors. Some logical like population growth, and some less rational. Supply however, is much more predictable and each quarter property research houses…Read More→
Tax time for apartment investment.
When we are approaching June 30 each year it is a good time for investment apartment owners to get everything in place to claim all the tax deductions available for your apartment. Some owners may have experienced a drop in revenue during the 12 months to 30 June, so maximising the deductible expenses is important….Read More→
What to do now when rents are rising?
While rents have already risen most commentators (including this one) agree there is further growth to go. Owners are asking what is the best time to increase the rent and renters are asking can I lock in a longer term lease to protect against future increases. The question of how much the rent will rise for…Read More→
The rental market is tightening, pushing up rents
We are moving into a period of strong rental growth and tight vacancies, both in Melbourne and across Australia. As reported in the AFR this week, research by Domain shows vacancies have plummeted over the last 12 months to 1% nationally which is pushing up rents. While some of this growth is catching up from…Read More→
Federal Budget extends first home buyer support
One of the main reasons property prices rose so much through the pandemic was the healthier home balance sheet, or in a buyers language, saving a bigger deposit. Fueled by low interest rates and a few other factors, this was the primary reason people were able to pay more. Conversely, the lack of a sizable…Read More→
The case for regulating property spruikers
The financial services profession is awash with regulations designed (in part) to protect consumers from advisers promoting or recommending inappropriate products or being influenced by incentives with little knowledge of the client’s needs. Whilst most financial advisers don’t need regulations to guide their professional morality or expertise to understand a client’s circumstances and appetite for risk, regulation…Read More→
Apartment market forecast to tighten
With the relatively strong pipeline of Build to Rent (BTR) apartments in various stages of planning and the reducing pipeline of Build to Sell (BTS) apartments, both these sectors are now being analysed as part of the broader Apartment market by the major research houses. I attended a recent briefing by Charter Keck Cramer (CKC) Research &…Read More→
When should I repair my apartment?
Many owners corporations (OC) (formerly body corporates) have a long term maintenance plan to undertake repairs of common areas and general property of the building over a 15-25 year period. The OC collects payments from every apartment owner each quarter to fund these works. For investment owners those payments are tax deductible even though the works don’t take place…Read More→
Can owners increase the rent?
It is great news for apartment owners that the market rent for apartments is improving after the Covid dip, but does this mean owners can immediately increase the rent? Well that depends… Many owners have been incredibly supportive of renters during the difficult Covid times and provided rent concessions. Other owners have incurred the decline in…Read More→