Answering some frequently asked questions into who the ‘typical’ residential property is, the Australian Tax Office’s report for the financial year 2017 has revealed a few statistics which some might find surprising. How much does the average property investor earn? Despite many people thinking you have to have a massively high income to own.
While established properties have the security of a proven rental history and a known desirable location, canny investors are seeing value in building their own and are looking to house and land packages. It’s not hard to see why. For one thing, new houses often attract better tenants, and tenants love new homes; they’ve got.
Most tenants are working professionals and every now and then they will work from home. Generally, this isn’t an issue; usually their work only involves the internet and a computer, and they won’t be doing it every day. If a tenant intends to run a business from your residential investment property they need to ask.
A brief outline of most of the amendments (details taken from the Fair Trading NSW website): The NSW Government is remaking the Residential Tenancies Regulation 2010 (current Regulation) to progress the recent reforms to the residential tenancy laws, which aim to improve the renting experience in NSW. The reforms include: Protections for domestic violence victims.
From helping you with researching an area for finding out what’s been sold to designing your own kitchen, there are some great websites and apps to help with investing in property. Here are a few of our favourites: Help with background research propertyvalue.com.au Property Value is a new product from CoreLogic (formerly RP Data), the.
With the aim of improving the rental experience in NSW, the draft Residential Tenancies Regulation 2019 (NSW) has recently been open for Public consultation. The proposed amendments put forward, which still may change, will have an impact, some more than others depending on the type of investment property you have. Recommendations include new minimum standards.
From hard-wearing carpets and ceramic tiles to vinyl and laminate there is now a whole range of different types of flooring for properties. But what should you put where and how do you decide? Here are some general points you’ll need to consider when looking at flooring for your investment property: Price As always, you.
Keeping your tenants safe and your property legal is all part and parcel of being a landlord. The NSW legislation on smoke alarms is very clear – alarms must be installed in all buildings in NSW where people sleep. The smoke alarms must meet the requirements of Australian Standard AS 3786, Smoke Alarms. While the.
When a tenant moves into a property, part of the agreement is they are responsible for the care and upkeep of the property, and it needs to be at a certain level of cleanliness. The landlord meanwhile is expected to maintain the property, ensuring it is safe to live in and everything is in good.
If you’re new to property investment, you may not have heard the phrase rental yield. This is the term used by investors to calculate the return they will get on a property. How to calculate rental yield There are two types of rental yield: Gross rental yield Gross rental yield is the annual income (rent).