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.
The new residential tenancy laws came into play Monday 23 March 2020. In this second article of our 2-part series, we take a further look at what has changed and highlight some key areas of interest within the sections. To see all the changes, visit the NSW Fair Trading website*. New information to be disclosed.
On the 23rd March 2020, the new residential tenancy laws will begin. The aim of many of these changes is to reduce disputes over repairs and maintenance, increase protection and certainty for tenants, and clarify the rights and obligations of both tenants and landlords. Many of these changes apply only for all new tenancies and.
With the Reserve Bank of Australia (RBA) cutting the cash interest rate to a record low of 0.5%, we suspect there are going to be some great mortgage deals around in the next few months. Now really is the time to think about buying an investment property! Take a look at your finances and get.
Thinking of diversifying your property portfolio? Commercial property might be an avenue worth exploring. Commercial property does offer some great returns and while commercial property leases do often take a bit of negotiation as there are more points to consider compared to a residential lease, commercial leases tend to be for much longer; in fact,.