The Newcastle region has been experiencing an unusual trend recently – we have higher than national vacancy rates. While the Real Estate Institute of New South Wales (REINSW), the peak industry body for real estate and property professionals in NSW Vacancy Rate survey April 2022 shows residential vacancies for Sydney remain relatively stable, in Newcastle,.

Whether it’s reporting on property or other sector news, let’s be honest, there is usually a negative angle somewhere – bad news sells! And if you believed the fear-mongering property headlines, you would be forgiven for never going near property as an investment strategy. However, REIA’s recent State of the Market: Australian Private Rentals report.

There are so many factors involved with being a successful property investor, purchasing the right type of property, in the right area and at the right price; you can get all these factors right, but if you haven’t got the landlord aspect right, it’s never going to work. There are rules and regulations in place.

With the Federal Budget 2023-24 aiming to help Australians with the cost-of-living and easing pressure on low-income earners, here are some of the announcements affecting property investors, renters, and social housing. Increase in rent assistance The Commonwealth Rent Assistance’s (CRA) rates increase of 15% will benefit around 1.1 million households. Support for build-to-rent projects To.

With the Reserve Bank of Australia (RBA) opting to raise the cash rate by 25 basis points to 3.85 per cent, and financial institutions tightening up on lending criteria, some may be wondering whether to put their property investment plans on hold. But let’s not look at this current cycle entirely through the economic lens….

While a property doesn’t have to be in ‘perfect’ condition to be rented out (although ideally it should be to maximise rental income), all residential properties are required to meet required minimum standards to ensure they are ‘fit for habitation’; anything less, and the property cannot be rented out. Everyone has a right to live.