Three ways to understand the value of your property. Understanding the value of your property involves assessing several key factors. Here are three ways to approach this: Acknowledging the Land: The value of the land itself can vary based on location, size, zoning regulations, and the potential for future development. Land in desirable areas or with unique features (e.g., waterfront, proximity to...
Improving rental yield involves maximizing the income generated from a rental property while minimizing costs. Before assessing some opportunities and tips to improve rental yield, let's explain what it is first. What is Rental Yield? Rental yield is a key metric used to measure the return on investment (ROI) for a rental property. It represents the amount of income generated from the property as a...
What is contributing to the high cost of rent in Australia. In this market insight, we share several factors that contribute to the high cost of rent in Australia. Supply and Demand Imbalance: Many major cities in Australia, such as Sydney, Melbourne, and Brisbane, face a significant imbalance between housing supply and demand. Population growth, urbanization trends, and limited land availability...
Why you should use a buyer's agent to invest. Owning property investment is one of the most reward assets you'll ever own. In order to appreciate the rewards, it all comes down to making the right property investment. Buying a property make sometime look easy, but you really need to know hat you are doing and ensuring the asset suits your objectives, risk tolerance and time frame. At Crest Property...
Does an experienced property investor need advice? Even experienced property investors can benefit from seeking advice for several reasons. Here are some points to consider Market Dynamics: Markets are dynamic and can change rapidly. An experienced investor may be well-versed in historical trends but might not be aware of emerging shifts or new regulations. Seeking advice helps in staying updated on...
Top tips for landlords. Owning an investment property can be very rewarding, particularly with the fact you receive a regularly monthly income stream (rent). It's not always easy to own and maintain a property, especially if you own multi properties. In this market insight we provide some simple tips for landlords that will help better manage their property. 1. Employ a Property Manager Some landlords...
What to do when your tenant defaults on rent. No property owner or property manager want to encounter this, but unfortunately it can happen. In this market insight, we discuss what to do when your tenant defaults on rent. If a tenant breaches their tenancy agreement by falling behind in rental payments its very advantageous to manage this situation promptly as it can save you time, stress and money. It...
What to look for when buying a house and land package. Buying a standalone home on a nice block of land can be a great investment. Purchasing a full turn-key is among the most ideal ways to buy as its a fully inclusive purchase that is generally offered on a fixed priced contract. In this market insight we highlight five common items to consider in advance before you begin. What is a house and land...
How is landlord cover premiums calculated? When owning an investment property, having a contingency in place is important. Landlord cover is a policies that can protect your investment asset from several potential issues. Having insurance can be a financial safety net in the event of many unforeseen circumstances. How is landlord cover premiums calculated? The following is a general list to offer you...
Wear and tear occurs over time, particularly when the property gets older. The question asked by many investors is who is responsible? When does it fall on the rental provider or the renter? In this market insight we share some helpful information to help you determine who may be liable. Please note, we highly recommend discussing this in advance with your property manager. They are up to date with the...