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.
With the Federal Budget 2023-24 aiming to help Australians with the cost-of-living and easing pressure on low-income earners, here are some of the announcements affecting property investors, renters, and social housing. Increase in rent assistance The Commonwealth Rent Assistance’s (CRA) rates increase of 15% will benefit around 1.1 million households. Support for build-to-rent projects To.
With the Reserve Bank of Australia (RBA) opting to raise the cash rate by 25 basis points to 3.85 per cent, and financial institutions tightening up on lending criteria, some may be wondering whether to put their property investment plans on hold. But let’s not look at this current cycle entirely through the economic lens….
While a property doesn’t have to be in ‘perfect’ condition to be rented out (although ideally it should be to maximise rental income), all 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. Everyone has a right to live.
The ATO’s recent announcement about its data-matching program for the 2021-22 to 2025-26 financial years, aimed at capturing information about residential investment property loans is a timely reminder for all property investors to ensure their financial reporting is correct and in line with legislation. What is the data matching program? This property management data matching.
