The risk of underinsuring your property. Unfortunately its well known that many Victorians don't have enough insurance cover. When it comes to property ownership, many continue to leave themselves at risk. Some underinsure because they can't afford it, other choose to save on the cost while some also feel a distrust toward insurance companies. The risk of underinsuring can leave you in a bad...
The National Disability Insurance Scheme (NDIS) is an incredible initiative and also an eye-catching investment opportunity. It is supporting a better life for hundreds of thousands of Australians with a significant and permanent disability and their families and carers. It also reduces the number of younger adults having to go into some form of aged care. Having NDIS will offer many people the...
The power of hindsight... If we all wanted magic powers, no doubt this would make most people's top 10! When it comes to buying property, the power of hindsight is often brought up by prospective clients who happen to be unable to make the 'plunge' of buying an investment property. This is for good reason, as property investment is likely the most expensive asset you'll own while it may come with a 25 -...
Rental Market Snapshot: The Melbourne property market continues to witness unprecedented capital growth, particularly in Melbourne. When buying an investment property rental income is just as important. Regional Victoria continues to demonstrate better vacancy rates to Metropolitan Melbourne. According to the The Real Estate Institute of Victoria (REIV) :- The proportion of vacant...
If you own a property that features an owner’s corporation, you’ll soon learn that it holds an annual general meeting (AGM). An owners corporation will discuss many matters from maintaining surplus cash to covering costs such as building insurance premiums, garden, and waste management to name a few. They are required when a property features common property areas such as driveways or a car...
With reference to the latest research report from the Australian Bureau of Statistics (ABS), Melbourne has recorded the highest population growth over 2019. Brisbane recorded the second highest growth rate over the same period. Melbourne's population soars The Regional population statistics published by the ABS showed a 2.3% population increase compared to the national average rate of 1.8%....
It’s that time of year again... Tax time for property investors. As the end of the financial year fast approaches, this is the ideal time to discuss some tax planning strategies with your accountant. Owning an investment property is a rewarding experience, but it doesn't just come in the way of capital growth and rent. There are many tax entitlements that you should be aware of. Planning ahead will boost...
There are some new changes to the Residential Tenancies Act scheduled to take effect on the 29th of March 2021. In the market insight we offer you some important amendments that may impact you and your investment property. Before making an informed decision, we encourage you to discuss your personal circumstances with your property manager in advance. Here is a summary of the new changes to take...
If you plan to be a successful property investor, you'll need to quickly create a mindset that investing in property is not a hobby. Establishing a property portfolio should be treated similar to a business. If you are new to investing this market insight will highlight the important aspects to investing better. Owning an investment property can be very rewarding by offering a passive income through rent,...
Eco government rebates... When buying a family residence or investment property, owners are always looking to maximise their cash flow and long term capital growth. In recent times investors have started to consider energy-efficient ways to do so. It is also amazing for the environment. There are a number of government grants offering rebates and/or incentives to owner occupiers and...