A routine inspection is an effective way to ensure your investment property is being looked after by your tenant. It is also an opportune time to assess the property for any repairs, damages or safety issues that should be fixed. Having the property in pristine condition will increase your chances of keeping a happier tenant and a higher rental income. Employing a property manager to take care of your...
Rental Market Snapshot: Due to the global pandemic, covid-19 impacted vacancy rates and rent yields across the country. After the second wave of Melbourne moving into lock-down, these numbers further deteriorated. The outlook looks very positive ad we should see these numbers improve. Taking a look at both metropolitan Melbourne and regional Victoria, regional Victoria has outperformed. Numbers from...
Thinking of buying off the plan? Purchasing a brand new property can be very rewarding. Walking into a home smelling the freshly painted walls or admiring the stone surface of your new kitchen island bench are just a couple of things that make buying off the plan an amazing decision. There are many reasons why buying off the plan is a great way to purchase a property, however in the market insight...
When buying an off the plan property, its important to take note of the specifications and inclusions list. Knowing what fixture and fittings are included in the build will highlight the anticipated quality you'll expect. What are fixture and fittings? Fixture and fittings are two separate things. Fixtures are items that are secured or bolted to the walls or floor, such as lights. Fittings on the other...
Buying a property of any kind is a fine achievement in itself. You can purchase a property in a number of ownership types, including individuals, companies, and trusts. In this market insight, we explore the difference between joint ownership and tenants in common. The most common way to buy a property is with two people. These two people are often spouses. Having two people collectively can make it...
When building a house, there are a variety of build stages to be aware of. One in particular is the key handover. The key handover consists of a few important events. Here we highlight the build stage in more detail. House clean Now that the build has reached practical completion, it’s time the home gets cleaned. As a number of trades have been walking through the home on a daily basis, the foot...
Over the last few decades, many new investment assets and strategies have become available. However many investors continue to turn to buy property. There are many reasons why investors remain committed to buying property. Here we discuss the main ones: Income Successful investors seek to earn income as part of their investment strategy. Shares earn income through dividends paid generally every 6-12...
The Australian property market has been seen to be one of the best forms of investment in the world. It has many laws in place to protect buyers, while quality control ensures the property is built with the correct standard to offer longevity. The Australian property market provides great opportunities. In the market insight we share some points why savvy Chinese investors buy property in...
If you are an existing landlord or tenant, you probably know what rental bond is. If you haven't, in this market insight we discuss what a rental bond is and how they are used. What is a rental bond? A rental bond is a payment the tenant makes when signing up for a rental property. If you want to rent a property most landlords will ask you to pay a rental bond before you move in. The rental bond is a...
Modern lifestyle has changed over the last two decades. Many younger adults are enjoying the lifestyle of inner city Melbourne. As their lives remain active, they are often choosing to occupy apartments. One of the most eye catching attractions is the ground courtyard. We are mow also seeing mature aged couples looking to downsize to an apartment. Mature aged people find apartments to be great as they...