How quickly does a year pass? It’s tax time again; for many property investors, some of the costs of owning a rental can be claimed as a tax deduction. In the lead-up to the end of the financial year, the ATO lets taxpayers know their key priorities when assessin...
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Wet and windy weather has wreaked havoc on rental properties. Ahead of more bad weather, ensure your investment property is prepared with these maintenance tips... Winter should be all about cozying up on the couch with a mug of something hot – but all too often,...
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The latest research reveals the national residential property rental vacancy rates increased to 1.1% in April 2022, up from 1% in March. Across Australia’s regional areas, vacancy rates remained tight with the average rate sitting well below 1%. The RBA is expected to raise interest rate...
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EOFY is approaching! While you’re preparing your paperwork it’s the perfect time to take stock and consider what financial arrangements will serve you best in the year ahead. That includes your landlord insurance cover. This financial year, around 20 percen...
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Self-managing your investment property might seem simple but there is a lot more involved than just collecting the rent. Three-quarters of all landlords opt to have a professional manage their rental. What are the benefits and how do you choose the best PM? Unpaid rent...
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How old do you need to be to sign a lease? While the majority of renters across Australia are over 18, there are situations where people under 18 want to rent a property. How old does a person need to be to sign a lease? Do the rules differ depending on...
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Vacancy rates have continued to drop, reaching their lowest point since 2006. Compared to the same time last year, vacancies have halved. Accordingly, rental values continue to rise Australia-wide for both homes and units. Additionally, for the first time in over 11 years, the RBA has made the...
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A national rental crisis is emerging as vacancy rates drop to a new 16-year low. It is predicted vacancy rates will likely drop again over the coming months. Additionally, capital city rents will likely rise by over 10% in 2022. Currently, rental rises present the biggest increase since the 19...
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Homeownership is changing in Australia, with many buyers moving away from the traditional house instead of becoming open to purchasing dwellings of different shapes and sizes. Depending on what you are looking for in a home, one of these types of properties may be more...
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Over the past month, rental vacancy rates hit a 16-year low of 1.3% while rents in capital cities rose by 7.5%. National asking rents grew by 0.7% for homes to $560 per week, and 1.9% for units, reaching $424 a week. Asking prices Australia-wide grew by 1.8% for homes and 3.6% for units. ...
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There are certain rooms in a home that, when in pristine condition, will maximise your rental returns. If your budget doesn't allow for a more extensive renovation, we highly recommend keeping the carpet and paint looking great. It's quick and relatively inexpensive when you take into account ...
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Body corporate fees - also called owner's corporation fees or levies – are vital for ensuring strata properties run smoothly. While the fees can seem like a burden, having adequate funds available for the upkeep of common areas and more significant maintenance and repairs means t...
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There is a range of tools and resources available to landlords to help you find quality tenants. Tenant databases can be a helpful resource to check and determine if prospective tenants have any "black marks" against their names. Read on to see the process and what database we at Frontdoor, fi...
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The idea of allowing pets at your rental property may send a shiver up your spine. What if a pet damages the property? What if a noisy dog upsets the neighbours? There is a lot to consider, and it may seem easier to decide no pets are allowed. However, with more and more people owning ...
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There are a few things you need to consider when renovating an investment. Creating a budget to pick the best fixtures and fittings and getting the administration and project management right is vital. Below, we outline some of the primary considerations. Make a project list</s...
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If any of your investment properties are at risk of termite infestation, then it's time to be proactive. The best way to prevent termites is by first understanding what attracts these pests in the first place. Here, we share some of the things you should do to protect your property so it's kep...
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It's almost the end of another financial year, and that means tax time. In this article, we outline a few things to get organised. Double-check and declare all income. If you've had more than one lease throughout the financial year, or you've used your property...
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Tax law in Australia is inherently complex. As an ever-evolving beast, a change in one area of tax law has implications across many other areas, especially regarding people's finances and investing. Negative gearing is one of these areas, and it's been a hot topic in recent years. Deciding whe...
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An essential factor in maintaining a profitable investment property portfolio is engaging a good property manager. While it might be tempting to manage everything yourself, a property manager not only knows the ins and outs of the market, but they have systems and proce...
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Ensuring your property listing looks attractive to prospective tenants is a vital part of leasing your property quickly. While it may seem like an extra expense, having your property staged is a great way to help prospective tenants feel at home as soon as they look at ...
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Who pays for water usage can be confusing for both property owners and tenants. For a landlord ...
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Being a landlord for the first time can be a daunting experience. As well as needing to know the legislation inside out, there is a myriad of issues that can arise. Read on to see the top top pitfalls t...
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A well managed tenancy is more likely to be renewed, therefore if your current property manager is not exceeding your expectations, now is the time to change. o...
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Where to start? What to ask? We've put together some top questions to ask your property manager. , sans-serif; font-size: 15px; white-space: pre-wrap;...
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A buyer's agent is a licensed real estate professional who specialise in searching, negotiating and purchasing property. They represent the buyers interests in a property transaction. <sp...
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Your residential property manager can pay bills on your behalf from your rental income. Ensure ...
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If you have a fully furnished property sitting empty for periods of time during the year, holiday renta...
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