Author: Newcastle Property Management

Newcastle Property Management

Why landlords should improve and maintain their investment property — and where to start

Owning an investment property isn’t just about buying the property, then sitting back and collecting rent — it’s about protecting and growing your asset. Whether you’re renting out a single unit or managing a growing portfolio, here we explain why property maintenance matters, and improvements that deliver real results. Why maintenance and improvement matter Quality.

Pros and cons of investing in a unit

According to the Real Estate Institute of Australia (REIA) Real Estate Market Facts report for the March quarter, smaller dwellings are leading the way, with two-bedroom properties out performing houses in both price and rental growth. REIA’s President, Ms Leanne Pilkington suggests this trend reflects changing household compositions, affordability constraints and increasing demand for more.

What you need to know about urgent repairs and why they can’t wait!

Landlords have a responsibility to ensure that the property is fit to live in and meets health and safety laws. All properties need maintaining, and landlords should always budget for general maintenance and wear and tear, but some types of repairs will require immediate attention. Urgent repairs (sometimes referred to as emergency repairs) are called.