It is vital your property is well maintained; as well as keeping your tenants happy, staying on top of maintenance reduces the risk of small issues turning into larger, more costly problems down the road, which can affect the overall value of the property. However, there is a difference between a repair and an improvement..

Two of our region’s suburbs, Belmont and Kotara, have made it to the Smart Property Investment FAST 50 report. This report presents a list of 50 suburbs across the country that are predicted to experience significant capital growth in the next 12 months. For the property investor, choosing the right suburb is crucial for maximising.

While in our own homes, we are aware of certain risks around our property, it’s a different matter when it comes to a rental property. Occupational Health and Safety (OHS) is a critical consideration in any workplace or living environment, and this includes rental properties. OHS standards are in place to protect individuals from potential.

We all love our outdoor spaces, and if your investment property has a garden, it can play a major part in attracting and retaining tenants, as well as significantly boosting your property’s rental value. But while many tenants like to have the outdoor space, they may not have a green thumb, or indeed the time.

Whatever stage you’re at on the property ladder, a home owner looking to move, a first-home buyer or an investor, stamp duty (or transfer duty as it’s now known as in New South Wales), is a significant cost in the buying process; according to e61 Institute-PropTrack research, this tax is now costing property buyers up.

Landlords looking to cut costs may be thinking they can save on management fees by managing the property themselves. However, once they understand what a property manager actually does, the perceived cost saving in property management fees becomes a false economy, particularly as property management fees are a tax deductible expense. Let’s take a basic.

With interest rates remaining steady, and you’re thinking about refinancing to buy an investment property, ideally you get pre-approved for a mortgage before you start looking. This will give you a better idea of how much you can afford to spend and will make the property buying process go more smoothly. But with all the.

According to Corelogic’s recent report the medium weekly rental value for Newcastle and Lake Macquarie $611 is and Hunter Valley (excl. Newcastle) $564. From a financial perspective, now really is a great time to refresh your rental property so you get top dollar. While the budget doesn’t always allow for a massive renovations, sometimes it’s.

There are a lot of property investment myths out there, and with nearly 50 years in the business, we’ve seen a few! Here we take a look at some four property investment misperceptions. #Myth 1: Only rich people can invest in property Having cash is helpful when purchasing an investment property but the vast majority.

Every business comes with essential admin and paperwork, and property investment is no different. Paperwork associated with property management comes in different forms. For instance, legal and compliance paperwork includes: Lease agreement Condition reports Inspection reports Safety and compliance such as pool fencing and smoke alarms Then there’s the financial paperwork. This includes the financials.