How to find a great tenant. Finding a great tenant for your rental property is crucial to ensure a smooth and profitable landlord-tenant relationship. Here are steps to help you find a great tenant: 1. Prepare Your Rental Property: Make sure your property is clean, well-maintained, and in good repair. Address any necessary repairs or upgrades to attract quality tenants. 2. Set the Right...
Double glazed windows have become more widely used for a number of reasons. In this market insight we explain what they actually are and how they benefit your home. What are double glazed windows? Double-glazed windows layer two planes of glass to make a single window but leave a small gap between each. The gap is usually about 12mm in width, which in the scheme of things seems...
Comparing positive and negative gearing. Positive gearing and negative gearing are two different investment strategies used in real estate, particularly in property investment. They refer to the financial outcomes of an investment property in terms of cash flow. Here's a comparison of positive and negative gearing: Positive Gearing: 1. Definition: Positive gearing occurs when the rental income from...
Top misconceptions when buying a property. When buying a property, there are several common misconceptions that people often have. These misconceptions can lead to mistakes and financial pitfalls. Here are some of the top misconceptions to be aware of: The Bigger, the Better: One of the most common misconceptions is that a bigger house is always a better investment. While larger homes...
Higher rent versus higher capital growth. When it comes to investing in real estate, there are different strategies that investors can pursue, and the choice between higher rent and higher capital growth largely depends on an individual's investment goals, risk tolerance, and market conditions. Here's a breakdown of the two strategies: Higher Rent: 1. Steady Income: Advantage: Investing in...
A property caveat is a legal notice or warning that is lodged with the relevant government authority to inform interested parties, particularly potential buyers and creditors, that there is a legal interest or claim on a specific property. It is a common legal mechanism used in real estate transactions to protect the interests of individuals or organizations who have a stake in a property, even if they...
Using a Self-Managed Super Fund (SMSF) to invest in property has gained significant attention in recent times. This approach to property investment offers several distinct advantages that can empower individuals to secure their financial future effectively. Here are five key points to consider when buying property using an SMSF: 1. Strategic Diversification: Incorporating property investments within...
The most common contributing factors to the property market. The property market is influenced by a wide range of factors, and their importance can vary depending on the specific location and economic conditions. Here are some of the most common contributing factors to the property market: Supply and Demand: The fundamental driver of property prices is the balance between supply and demand. When...
An investment property vs paying off your home mortgage. In this market insight we discuss the key advantages of both financial planning strategies. Not one strategy suits everyone, however they both offer different benefits. Let's explore these in more detail. Whether to buy an investment property or paying off your home mortgage, both are a significant financial decision that depends on your...
Setting a New Year's resolution for buying a property is a great goal that requires careful planning and commitment. Here are some specific and actionable resolutions you might consider: 1. Define Your Property Goals: Clearly articulate your reasons for buying a property. Whether it's for investment, homeownership, or another purpose, having a clear goal will guide your decisions. 2. Create a...