Are you planning a home renovation this spring? Go about it the right way and avoid making these common renovation mistakes. 1. Not Enough Planning Renovations are not something you should just do on a whim. You need to put a lot of time and effort into understanding what you want to achieve and every…
Category: Investor
Purchasing a home is one of the most exciting, but expensive, events in our lives. Learning how to be mortgage-savvy is one way to reduce the financial impact of the purchase, allowing you to save huge amounts over the life of the loan. This involves getting a good understanding of how much interest you will…
The end of financial year is a busy time for property investors, who must review their investments, check their records and put together receipts ready to lodge their return. As we mentioned in our EOFY article last year, tax time can be difficult and costly for investors if they are not clever about how they…
Rapid population growth continues to support vibrant real estate markets across Victoria. Clever investors are cottoning on to the fact that regional cities within striking distance of Melbourne, such as Geelong, are good candidates for property investors who are looking for high growth hotspots. This is because they are accessible through continuously improving transport links…
It’s a common situation that leads to a dispute. A tenant moves out and the owner gets upset at what they consider damage to their property. They decide to withhold or take from the bond. This angers the tenant who believes the damage is simply ‘reasonable wear and tear’. Disagreements often arise when contracts contain…
Here’s Your Checklist Finding the right investment property can take time and require a bit of research, some good judgement and a plan. You can make the process faster by ensuring you understand exactly what you want. That is, what kind of property you’re looking for, where you want to look, what kind of cash…
The Australian summer, to many, means endless hot sunny days spent outside enjoying cool pools and sizzling BBQ’s. However, with the disturbing statistics from the Cancer Council reporting that two in three Australians will be diagnosed with skin cancer by the time they are 70, it’s worth being sun-smart and taking time to consider how…
Investors are increasingly opting to self-manage their investment properties in order to reduce costs. By doing away with your property manager, you could save anywhere from $15 a week on a $300 weekly rental on a 5 per cent management fee to $36 a week for a 12 per cent management fee. This could save…
Maintaining your property is a crucial aspect of successful real estate investment and one that is often overlooked. Many real estate investors focus on finding the perfect property in order to maximise their returns. But more experienced investors understand that keeping a property in good condition and even adding improvements to it increases long term…
The idea of allowing pets into your rental property can be scary, but pet-friendly properties are in high demand across all Australian cities. According to the Animal Health Alliance, close to 5 million of Australia’s 7.6 million households have pets, a third of whom are renters, representing one of the highest rates in the world.…