Have you ever considered buying a property off the plan? Why would we choose to buy off the plan? Most people love the smell of a new home... The new floorboards, the silky stone benchtops, the spacious new walk-in-robe or that inspiring hot tub!! There are many amazing things to love in a new property. There are also various financial benefits. However, these can differ depending on the type of...
When leasing a property most would recognise it as the biggest expense in your budget. What ways can you pay rent? If you are unable to cover your monthly rent, the landlord can issue a notice to vacate. In this article we outline what ways you can pay your rent which may best suit your circumstances. Direct Debit: The most common preferred payment for a property manager is an automatic transaction. The...
Renting your property on a short term lease. One popular benefit of investing in property is the control and flexibility of owning the asset. There are many types of rental agreements available and they are suited to different investors. Some investors may want a short-term or long-term lease, depending on their circumstances and objectives. In this article we highlight some points to consider when...
Tax depreciation is a valuable tax deduction for property investors. The benefits of a depreciation schedule can also be long lasting. As a result it can provide great assistance to accumulating your wealth and property portfolio over time. What is a tax depreciation schedule? A tax depreciation schedule tables you tax deduction entitlements and outlines the breakdown on an annual basis. It simplifies your...
A hoarder tenant can be challenging to manage. They are generally identified when property managers conduct property inspections on behalf of the landlord. It can be quite a stressful experience for all parties involved. In this Market Insight, we highlight some points that can be adopted to protect your investment property without infringing the personal rights of your tenant. Firstly it is...
COVID-19 - There is some comfort for tenants. It's a confusing time for renters and landlords amid the COVID-19 crisis. The information hasn't been free flowing – but here's what we know so far. The Australian government has announced numerous stimulus packages to support the many Australian landlords and renters, but the details surrounding it remain limited. The lack of information has made many...
Landlord insurance is an important means of protecting your investment property. Landlords' insurance is an insurance policy that covers a property owner from financial losses connected with rental properties. The most common landlord claims are tenant related issues over non-tenant related. According to EBM RentCover the majority of insurance claims were caused through tenant-related issues. The...
Renting vs owning a property has some significantly differences, particularity long term. To put it in a nutshell here are some key differences between renting vs owning a property: Owning a Property: You are accumulating your own wealth. You have the ability to customise the property to suit your own needs. Most investors borrow to invest in property. The monthly loan payments are likely...
Unfortunately, burglary and home theft is always an ongoing issue Australia wide. It’s not unheard of hearing cases where thieves follow you home, learn when you are at work and discovering ways to enter your home or garage. One of the most popular reasons why Australians buy and occupy Apartments is its enhanced security. Most modern Apartments are harnessed with their own intercom, camera access to...
When buying an investment property, many landlords are conscious not to over budget. Knowing property maintenance in inevitable, many often disregard outlaying the extra cost of installing an air conditioner. Looking back upon Melbourne's summer, it's the perfect time to reflect on how extreme the heat can be. We had quite a hot spell earlier this year with nights holding onto some serious...