More people are renting than ever before, with around 33 per cent of the NSW population renting, an increase of 17.6 per cent since 2016. With the cost of living and tight rental market, the NSW Government is intending to introduce new legislation designed to enhance tenant rights and security. To help you make informed.
Investing in property is a business, and like any business, you need to have a strategy in place to ensure success. There are several strategies property investors use. Here, we take a snapshot look at some of them: 1. Buy and hold This is probably the most common investment strategy. It involves purchasing an established.
There’s a new ‘finance provider’ kid on the block! With soaring property prices and stringent lending criteria, finding finance, either through the big banks, or through a broker may be challenging for investors and first-time home buyers alike. This is why Social Funding, a concept developed by the company MyBrix, has been developed. Social Funding.
Whether it’s your home or an investment property, one of the benefits of owning a property is, it will generally increase in value over a number of years. By leveraging your property, you will have access more money. In simplistic terms, leveraging means borrowing more money against your current property’s value as a means to.
Many of you know our Manager of our Property Management Team, Kellie Andriessen, who has worked with us for 35 years, constantly goes above and beyond, and delivers an amazing service to our landlords, but now her property management skills and talents have just been recognised at a state level. We are absolutely delighted she.
With the recent heavy rainfalls, we thought it timely to take a look at what landlord insurance may cover in terms of water damage. Unexpected events such as heavy rainfalls can lead to property damage that may require insurance claims to cover the cost of repairs. Damage caused by water leaks include water stains on.
While the New South Wales Government says it has a responsibility to ‘back every citizen striving to own a home, rent a home, or who needs social housing’ and the 2024 Budget includes a number of measures and initiatives aimed at stimulating growth in the property market, it does have significant implications for property investors..
End of year is fast approaching, so now is the time to start gathering your paperwork so you can optimise tax returns and maximise your income. Depending on what stage your investment property is in the financial year (ie was it bought, sold or have you owned it for the entire tax year) there are.
Confidence appears to be returning to the property market, with the recent to data released by the Australian Bureau of Statistics (ABS) showing a rise in loans for both owner-occupier and property investors, The value of new loans to investors for housing rose 5.6 per cent in April to $10.9 billion, which was 36.1 per.
Tackling Australia’s housing crisis was a focus in this year’s budget, and fortunately for property investors, negative gearing, the generous 50% discount on housing investments after one year and other tax deductions property investors can benefit from were not on the table! Homes for Australia In this budget, the Government unveiled its ‘Home for Australia’.
