Below are the JANUARY-MARCH 2016 Sales Reports.
Please let us know if you have any questions about the market, or if you require any service in relation to selling, buying, renting or investing.
If you would like a free customised sales or rental report specifically for your property, please contact us and we would be happy to provide it to you.
Click here for the following reports:… Read the full post »
https://www.youtube.com/watch?v=Pa7fYwjr3vI
Do you own a property that is rented out, and has been for many years?
You probably already know that tenants are required to leave a property reasonably clean when they vacate.
However, after several tenancies, properties are not quite as clean as they were when the first tenant moved in – which can be 10 years before.
In these cases, we recommend a top-up clean so that we can bring the property … Read the full post »
New amendments to the regulations that will give home buyers of properties with swimming pools 90 days to rectify non-compliant swimming pool barriers are a sensible approach, according to the Real Estate Institute of New South Wales.
Minister for Local Government Paul Toole announced on Friday the new regulations applying to the sale of properties with swimming pools to take effect from 29 April 2016.
From then, vendors will need to attach … Read the full post »
Looking to save money on your home loan?
Here is a great article written by Aaron Koo outlining five easy steps to do just that!
1 – Do your research
There are many websites out there that show a comparison table on all the rates offered out there. I like using MOZO.
*Please note that this should be used as a guide. There are many big banks that do NOT … Read the full post »
Easter Long Weekend means it is approx. 3 months and 1 week till the end of the 2015/2016 Financial Year.
So if you find yourself with some spare time on your hands this Easter, why don’t you have a read of the Australian Taxation Office Guide for Rental Property Owners?
Some would think this is classic bedtime reading, but it is actually an excellent resource. It provides easy-to-read … Read the full post »
If you own or live in one of the 800,000 rental properties in New South Wales, you’ll be interested in the NSW Government’s review of laws surrounding these homes.
“This legislation is only reviewed every five years and it is important that NSW Fair Trading gets it right,” said Real Estate Institute of New South Wales CEO Tim McKibbin.
The industry body has made a detailed submission as part of the government’s … Read the full post »
Buying property can be one of the best ways to invest your money and build wealth. Yet new investors often feel overwhelmed at the thought of taking the plunge into property.
As an award winning property investment advisor, Ben Kingsley shares his five top tips to follow when investing for the first time.
1. Create a long-term portfolio plan
One … Read the full post »
To have further peace of mind in the management of your investment property, we recommend that you have a landlord protection insurance policy in place to cover loss of rent in default circumstances, malicious damage, accidental damage and legal liability.
It is advisable for all prudent property investors to have landlord protection insurance as added protection for their investment. Such policies … Read the full post »
A common mistake many investors make is thinking that their older property isn’t eligible for tax depreciation. However, there are many cases in which you can still make a claim. Take a look at the difference in tax depreciation between old and new properties, and discover how an older property could still help you claim … Read the full post »
Whilst maintenance on investment properties centre on immediate matters such as leaking taps and toilets, repairs to ovens and hot water systems, we have found that there are many hidden repairs that investors should be aware of and budget for.
In homes and townhouses, the maintenance of gutters and downpipes are often an issue. Many investors feel that this … Read the full post »
Most of us have a household budget, but have you created a budget or financial plan for your investment property?
It is important to take into account that appliances and fixtures will need to be repaired or replaced over time; that rates and body corporate levies will increase and that your property may not … Read the full post »
Calculate depreciation deductions before purchasing a property
Investors often question what the real cost will be to hold a property they are considering purchasing. It is important to ensure that their purchase provides them with the maximum cash return.
There’s a myriad of expert advice available and every individual investor has their list of what the property … Read the full post »
As an investor, I love a government which gives away money for the improvement of my investment. Did you know that the Government will give you up to $1,600 (inc GST) to insulate the roof space of your investment house? Alternately you may be elegible for a rebate of $1,600 for the installation of solar OR $1,000 for the installation of a heat pump hot water system to replace an … Read the full post »
With no changes to official interest rates for the fifth consecutive month, and confirmation by Reserve Bank of Australia (RBA) Governor, Glenn Stevens that we have reached the bottom of the cycle, property owners are preparing for an upward movement in rates.
In 2001, when official rates were cut by 1.50 percentage points over 11 months, they remained unchanged at their lowest level for four months.
“The question now is when rates … Read the full post »
According to the Housing Industry Association (HIA), the number of loans for new dwellings has risen for nine consecutive months, pointing to a modest recovery emerging for residential construction. New home lending figures are in contrast to the surprise negative building approvals figures for May and show that the housing sector continues to be buoyed by the first home buyers grant and low interest rates.
First home buyer activity continues to … Read the full post »
Ovens – Bad odors left by oven cleaner will disappear if you put some orange peel on an oven tray and bake it for a few minutes.
Door Frames – Aluminum window and door frames will regain their shine if you rub them with a cloth dipped in ammonia.
Fly Screens – To clean dust from fly screens without removing them, put on a pair of rubber gloves and from the inside … Read the full post »
Property values may go up in October when the EPPING –CHATSWOOD line opens for direct rail travel from Normanhurst through to the city via Epping and North Ryde. Come mid October and all commuters between these suburbs will be able to travel direct to the city without changing trains with a saving of around 10 minutes to Wynyard.
This could improve property values for any property which is strictly a ‘walk … Read the full post »
With interest rates falling dramatically over the past few months, the key question is whether or not borrowers should fix their home loans. Almost every industry expert has a different view. Some senior economists are forecasting further large falls in the RBA cash rate whilst others say we’re nearing the bottom of the cycle. To the ordinary borrower, it can all be very confusing.
Of course, the reasons for choosing a … Read the full post »
Several Clients took a closer look at the re-zoning plans of Hornsby Council. (The link is http://www.hornsby.nsw.gov.au/planningdevelopment/index.cfm?NavigationID=2403). In addition, I ran the numbers by a Developer and also had a chat with the Town Planner from Hornsby Council in charge of the re-zoning. At the moment, the picture is not as bright as we had hoped. The numbers simply don’t add up.
Firstly, it may be 2 years or more before … Read the full post »
Rents in Sydney stayed flat in the three months to June, giving tenants the upper hand in negotiations with landlords, a report says. The typical rent proposed by owners in Sydney stayed at $450 a week in the June quarter as rents stalled in all capital cities, but analysts said the good times for tenants could be shortlived. It is the second quarter in a row during which asking rents … Read the full post »