1. Start early!
Don’t leave all these steps to the last minute. Start when you decide to move, not when you find where you are moving to.
2. Plan it out
Do you have what you need?
Book your removalists – do this as soon as you know where you are moving to and when you get the keys to your new … Read the full post »
https://youtube.com/shorts/Lgf4F17LhrQ
A common question we are getting from the market is how will NSW Fair Trading know if Landlords are being truthful in their termination of residential tenancies?
It’s through the reporting process of the Bond claims through the RBO (Rental Bonds Online). The RBO will be able to flag any property that comes back on the market and receives a new Bond lodgement.
https://youtu.be/KOytubTK-yI?si=6FPdp4dQVRUh8Dd_
Property details:
2 Bedroom, 1 Bathroom, 1 Car garage.
Found a great tenant after one open home.
More property details here
Result details:
Deposited at $655 per week – 3 applications were submitted
Successful applicant signed the lease, approx. 4 days after … Read the full post »
New analysis by the Real Estate Institute of NSW (REINSW) reveals an alarming scenario for Sydney’s renters, with the average tenant in Australia’s most expensive rental market now experiencing mortgage stress – but without the mortgage.
Cotality’s latest Quarterly Rental Review shows the median rent in Sydney has now hit $807 per week, up 1.5% for the quarter.
Based on 2021 … Read the full post »
https://youtu.be/pU4Wc7uC3NU?si=Pv1ciiBvvwknjhTT
As Sydney sweltered through a Saturday that saw temperatures pass 43 degrees a strong trend began to run through social media across all platforms.
How do renters stay cool without air conditioning in their homes?
Renters who are not able to install anything more than a portable air conditioner (the type that needs to be vented through a window) took their socials to help one another … Read the full post »
https://www.youtube.com/watch?v=WxGqb5yqB_A&t=1s
Did you know there are prescribed minimum standards when it comes to a home and whether it is fit for habitation as a rental property?
Residential Tenancies Act 2010 (NSW) in Section 52 (A) provides a very clear set of expectations for Tenants, Landlords, and Property Managers.
Here is the list of the seven (7) minimum standards that must be met for a rental property:
Be structurally sound
Have adequate lighting, either … Read the full post »
Rachel Stark, one of our team members attended this online presentation of the Property Seeker Survey 2023, in late August – presented by Realestate.com.au
Below are some of the notes from the presentation and can be considered as a summary. Please note, they do not include all the facts that were presented that day.
Survey Summary:
Survey data collected in May 2023. 6,300+ participants took part. The largest survey of its kind … Read the full post »
https://youtu.be/xozZ6rb48v8
This past week the Sydney Morning Herald published James Massola’s article “Tax Office to crack down on Landlords, capital gains, work-related tax deductions”. Also The Daily Aus has reported on it too.
When it comes to Landlords, he emphasised that the ATO has plans to come down hard this financial year, as there have been incorrectly claimed expenses and mistakes on their annual returns. Massola claims a review found nine … Read the full post »
Some Landlords think that if their investment property becomes vacant, it is a good time to sell it.
This view may result from a concern that it may take some time to find a new Tenant and thus there will be a loss of income. Added to this concern is the fact that the rental market can change … Read the full post »
https://youtu.be/zI-IvIti6Ww
When it comes to renting out your property for the first time, new Property Investors can make some big mistakes that can cost them dearly later on.
So to help you make the right decisions upfront, here are FIVE MASSIVE mistakes to avoid:
Don’t Choose Your Agent Based on Cheap Fees.
As the saying goes, cheap fees are cheap for a reason, and if you’ve selected an Agent because they are cheaper than … Read the full post »
After remaining virtually flat in February (-0.1%), CoreLogic’s national Home Value Index (HVI) posted the first month-on-month rise since April 2022, up 0.6% in March.
Dwelling values were higher across the four largest capital cities and most of the broad ‘rest-of-state’ regions, led by a 1.4% gain in Sydney.
CoreLogic Research Director, Tim Lawless, put the rise down to a combination of low advertised stock levels, extremely tight rental conditions and … Read the full post »
Good relationships are important in life and in our experience of over 30 years of managing investment properties, we know that the Landlord/Tenant relationship is just as important as any other.
Apart from fulfilling the obligations according to the Residential Tenancy Act and the obligations within a lease, it is important to sow good values into your relationship. We believe you will reap … Read the full post »
REINSW recently sought guidance from NSW Fair Trading in relation to the queries they’ve received from agents about different rent bidding scenarios. Read on to find out Fair Trading’s responses to our members’ questions below.
https://youtu.be/h2u4Cpv-4nI
In the past it has been a common practice for New South Wales Real Estate Agencies to commence a new Tenancy with a Fixed Term Tenancy Agreement and at the end of the term, simply continue the Tenancy as a Periodic or Continuing Agreement.
When changes occur within the Residential Tenancies Act, Agents must review systems and procedures to cater for the … Read the full post »
Property details:
2 Bedroom, 2 Bathroom, 1 Car garage in a secure parking area
Deposited after two open homes on Saturday and Wednesday (these people missed the Saturday’s inspection)
More property details here
Result details:
Deposited at full price – $450 per week
5 applications … Read the full post »
Property details:
3 Bedroom, 2 Bathroom, 1 assigned car park – half house as Granny Flat downstairs is also rented.
Deposited after three open homes on Wednesday, Saturday and Wednesday
More property details here
Result details:
Deposited at full price – $850 per week
22 … Read the full post »
Property details:
Studio, 1 Bathroom, 1 Car space + storage cage
Sold just over a month on the market with a quick, no-fuss sale at a good price for the Vendor.
More property details here
Result details:
Sold $305,000 – 46 days on the market over late January to early March 2022.
Three individual active parties made multiple offers … Read the full post »
Property details:
4 Bedroom, 3 Bathroom, 2 Car Garage & 1 Separate Carport
Offer & Acceptance within 4 days of launching to market. A quick, no fuss sale at a good price for the Owners.
More property details here
Result details:
Sold unconditionally within 13 days in March 2022.
At time … Read the full post »
Property details:
4 Bedroom, 2 Bathroom, 3 Car Garage & separate 1 Car Garage
Sold just after Sydney’s COVID-19 2021 Lockdown Sold before Auction with multiple offers. A quick no fuss sale at a good price for the Owners.
More property details here
Marketing details:… Read the full post »