Archive for the ‘Renting’ Category

Is it time for Aircon to be a minimum standard in rental properties?

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 … Read the full post »

Is my property fit for habitation as a rental property?

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 »

Property Seeker Survey 2023 – Presented by Realestate.com.au

[embed]https://youtu.be/Ap3JV_ZF864?si=Z2vhfo_QGfIPs76F[/embed]

 

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 »

Landlords! Don’t Incorrectly Claim Expenses – Avoid Making Mistakes On Annual Returns

 

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 »

To Sell Or Not To Sell Your Investment Property – Updated

to sell or not to sell

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 »

Five Massive Mistakes Property Investors Make

 

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 »

CoreLogic Home Value Index: National home values up 0.6% in March, breaking a 10-month streak of falls

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 »

Building a Better Landlord and Tenant Relationship Updated

 

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 »

Q & A about new Rent Bidding Regulations

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.

Conversations in the Office – Once sold, where can you go to live if you haven’t found somewhere to buy

https://youtu.be/h2u4Cpv-4nI

Fixed Term vs Periodic Tenancies – Updated

 

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 »

Case Study – Rental of 8/294-296 Pennant Hills Road, Pennant Hills

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 »

Case Study – Rental of 22 Montview Parade, Hornsby Heights

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 »

Case Study – Sale of 49/75-79 Jersey Street, Hornsby

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 »

Case Study – Sale of 97 Berowra Waters Road, Berowra

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 »

Case Study – Sale of 21 Silvia Street, Hornsby

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 »

Case Study – Rental of 26 Ashley Street, Hornsby

street
 
Property details: 

4 Bedroom, 2 Bathroom, 1 Car Garage House on a small block

Deposited in one weekend after one open home

More property details here  

 
Marketing details:

Professional Photography and … Read the full post »

It’s Our 30th Birthday!

Thirty years ago today, John Pye Real Estate Pty Ltd began offering services to the Hornsby marketplace. Initially we traded as a national franchise brand, then changed to John Pye Real Estate in 1998.

Whether you have been with us for 30 years, or have become a John Pye Real Estate Client just this week, we want to say a heart-felt thank … Read the full post »

Case Study – Rental of 5 Victory Street, Asquith

suburb
 
Property details: 
4 Bedroom, 3 Bathroom, 1 Car Garage, Duplex

Deposited in one weekend after one open home.
Leased during the height of Sydney’s COVID-19 2021 Lockdown

More property details here

 
Marketing details:… Read the full post »

Case Study – Sale of 35 McKay Road, Hornsby Heights

SOld house
 
Property details:

4 Bedroom, 1 Bathroom, 1 Garage & 1 Carport House

Sold during the height of Sydney’s COVID-19 2021 Lockdown

More property details here

 

Marketing details:

Video Tour

Professional Photography and … Read the full post »

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