Short of putting your money under your bed, every form of investment comes with a risk – and even cash under the bed comes with risks! The key to successful investment is knowing what the risks are, and knowing how to reduce them. In a previous blog post, we wrote about some risks in property.
If you live in, own or manage a rental property, or are interested in renting rules in NSW, the NSW Government wants to hear from you! With the aim of improving rental laws to support both renters, landlords and the community the Minns Government is calling for feedback on its rental laws discussion paper. Key.
Whether you’re looking at buying a property for an investment or for a home, we’re often asked what type of property is best – and older, existing one, or a brand new or relatively new property? Well, like everything in property, it depends! If you’re looking for a home, one factor will be your.
It’s not just the rising interest rates affecting landlords; the knock on from cost of living is also having an impact on the cost for routine maintenance, and other costs such as council rates and, where the landlord pays them, utilities and strata costs. It’s always wise to review finances and look at where savings.
For whatever financial reason you’ve bought your investment property, it is imperative it is well-maintained. Tenants have rights, and 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. But good maintenance goes beyond providing a good, quality home for.
We all want to make money, and we all want to grow wealth, but there is a difference between the two. When the rental income is more than the outgoing costs to run an investment property, then obviously, the investor is making money, and there are some property investors who generate a good passive income.
It’s that time of year that we all dread… 30 June is the end of the financial year, which means we need to be thinking about filling in our tax return. If you hate doing it, you’re not alone; according to new research commissioned by Intuit QuickBooks, conducted by YouGov, almost 20 % of NSW.
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.
