Should investment owners sell or hold?
Here are some interesting recent market stats. Rental rates for apartments nationally are up 4.8% year on year to June 2022. Investment sellers nationally has grown from 7% of all sellers in 2013, to 25% in 2022 (and 29% in Melbourne). Investment buyers nationally has fallen from 26% of all sellers in 2013 to 8% in…Read More→
How Apartment Values are impacted by Inflation.
July’s 0.5% rate rise by the RBA has certainly captured news headlines. Understandably so. We have just experienced one of the sharpest series of rate rises since the early 1990s and there is more to come. What does an interest rate rise do? RBA’s control of interest rates (coupled with the PR machine around it)…Read More→
Breaking a lease. How does it work?
Sometimes life takes a sharp turn and a renter needs to move out of a property before the lease has ended. This is called breaking the lease. Can someone just end theirlease? It is helpful to remember a lease is a legal document or a contract that is binding on all parties. The owner, the…Read More→
Will interest rates impact the apartment market?
More than 50 central banks have raised interest rates by at least 50 basis points in one step, so far this year. Many of them haven’t finished yet, including Australia’s RBA, which is likely to increase the cash rate by another half a percent in July 2022. China is one of the few countries bucking…Read More→
How to convert Rent per Week to Rent per Month.
Rent is advertised and agreed as a dollar per week amount. But then rent is actually paid each month. This can cause a lot of confusion about how much rent is actually paid each month when it is different to the agreed weekly rent. This video explains how its done or read on… What are…Read More→
What is your home’s energy efficiency star rating?
Would you find it helpful, to know the energy efficiency or sustainability star rating of a residential property before you purchased or rented it? It would certainly help buyers and renters make an informed decision about each property’s environmental credentials so they could value it accordingly. Energy Rating Systems for Property There are already energy…Read More→
Why does the agent need to inspect my property?
After a renter moves into a property, the agent is able (and in some cases – required) to inspect it periodically. There are certain rules about the inspections to make sure a renter’s rights and privacy is protected, and to make sure the inspections aren’t too frequent, or conducted with too little notice. Here is…Read More→
Stamp duty changes are coming…
At last it feels like stamp duty changes are coming. We have clearly now moved beyond any debate about whether stamp duty should be removed or not. It has been castigated as a draconian tax for decades by numerous tax reform reviews and economist. Now even the politicians agree. The 2 outstanding questions are how,…Read More→
How to win every lease application.
When the leasing market tightens, it can get tough for some renters to get their applications accepted. So how do you get approved for the home you love. Follow these tips and I guarantee you will push you application to the top of the pile. Smooch the Leasing Agent. Your application starts from the moment…Read More→
Who knows what the market will do?
Prior to May 2022, the last time Australia’s central bank increased the cash rate was in November 2010 to 4.75%. That was the end of a series of sharp decreases in late 2009, early 2010 (7.25% to 3.00% in 9 months) and then several increases to 4.75% in the post GFC years. It helps to…Read More→
Renting an apartment – Here’s how it works.
When renting an apartment, owners want a good renter on a long-term lease, but what should you do when that lease comes to an end? There are 6 simple steps. 1. Prepare and present the apartment for lease. 2. How to market and promote your apartment. 3. Open for inspections and the casual interview. 4….Read More→
What is the market rent for my property?
Assessing the market rental value of your property is simple in theory, but complex in practise. Market rent price. The answer is this. “Compare recently achieved rents for comparable apartments, and adjust those amounts up or down for variations to your apartment”. If only it was that simple… the theory vs the practise seperate very…Read More→