While we haven’t got a crystal ball, and who can predict what the market will do, here are some thoughts from our Director Craig Andriessen J.P. on post-COVID property trends: Lifestyle choices While many people were unable to work throughout the lockdown, there were quite a few businesses which leant themselves to working from home,.
It goes without saying, the COVID-19 pandemic has affected many people’s incomes. To help tenants who are financially affected, the NSW Government introduced a 60 day stop on landlords seeking to evict tenants due to rental arrears as a result of COVID-19, and longer 6-month restrictions on evictions. In recognition of this, on 16 May.
We are still seeing plenty of buyers being very active especially since we started being allowed to do open homes again in May, and we have the national data to prove it! The latest CoreLogic data show Home sales have risen, with home owners testing the market, and more properties coming onto the market. In.
We’ve been in the business for over 40 years, and the reason is because we find innovative ways to adapt and market your property to the ever-changing world in which we live in – even in these social-distancing times. By utilising the latest technology, we’re very excited to offer state-of-the art non face-to-face digital inspection.
One thing you can be sure of with us is, we always act in the best interest of landlords and we always act within the law. The Covid19 pandemic has seen some changes to the tenancy laws to ensure everyone is protected and kept safe, particularly when there is a lot of anxiety around finances..
Whether you have an investment property portfolio or you’re thinking about using property as an investment strategy to help you achieve your long-term financial goals, it’s always good to remember some fundamentals about this type of investment. Long-term investment Unless you are exceptionally good at renovating and remodelling and you have an excellent eye for.
The word ‘normality’ has a strange ring to it these days, as we find ourselves in a world where the rules which we usually live by change on a daily basis. However, there is one aspect of ‘normality’ at Andriessen Property and Newcastle Property Management that hasn’t changed; our ‘normal’ is that we are still.
The Federal Government has announced the Commercial Leasing Principles during the COVID-19 epidemic. This is a brief overview of what we understand they are: Purpose of the code The Code imposes a set of good faith leasing principles in relation to commercial leases (including retail, office and industrial). The Code applies to “eligible business” –.
Vacancy rates were down in Sydney during the month of March, decreasing 0.4% to 3.0%. The largest drop was in Sydney’s Outer Ring where rates decreased from 3.5% to 3.0%. The Inner and Middle Rings both decreased by 0.3%, to 2.5% and 3.6% respectively. The Hunter region also saw a drop in vacancies from 2.1%.
After several weeks of negotiations between the Federal Government and the Individual State Governments it was decided to allow each state to set their own rules for Residential Tenancies during the COVID-19 pandemic. The NSW Government has passed its amendments and the following is a brief breakdown. New Changes Commenced on 15 April 2020. The.