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Routine Inspections – Don’t Have Unrealistic Expectations

Routine inspections are a vital part of our management service to landlords. They allow us to ensure that the property is being cared for by the tenants and is presented in a well-maintained condition, free from the potential risk of injury to tenants or their visitors. Property management is a complex process involving many facets… [Read More]

What You Need To Know About Loose-fill Asbestos in NSW Homes

Loose-fill asbestos insulation Loose-fill asbestos is raw crushed asbestos, which in the 1960s and 70s, was installed as insulation. It is a problem that cannot be ignored. Over time, exposure pathways open up and airborne asbestos can move into living areas.   What needs to be done? The NSW Government has determined that demolition, comprehensive… [Read More]

Don’t Let Your Tenants Sabotage Your Sale

If you’re looking to sell your investment property, it is important to communicate with the tenants, as they can often feel like their privacy and quiet enjoyment has been invaded. If you get a tenant offside, it can cause unnecessary challenges and inhibit your ability to quickly sell the property. For this reason, it is… [Read More]

Keep Them Comfortable, Keep Them Happy

Is your property vacant? Be honest, you know there is a reason. Is it that the price is too high? Could it be that it presents poorly, or you’ve got an inexperienced managing agent, or even a lack of communication? Any one of these things can cause your property to sit empty while others are… [Read More]

Changes to Negative Gearing Will Impact Working Class

Plans to limit negative gearing to new housing will only have a negative impact on the working class. Negative gearing allows investors to offset losses on investment properties against their taxable income to gain a tax break. Limiting negative gearing to new housing will cause a multitude of problems, primarily – rental prices will increase… [Read More]

Albury Wodonga Location Report

The Albury-Wodonga region has been dubbed The Murray Food Bowl but, unusually for an Australian inland city, it is not dependent on agriculture for the health of its economy. The twin cities have strong sectors in manufacturing, construction, government administration, education, defence and retail. Many national businesses, as well as the Australian Taxation Office, are… [Read More]

Plan Early For Retirement

Mortgage Choice’s inaugural Financial Confidence survey shows 65.2% of Australians are concerned about their retirement funds. Of those surveyed, 60.7% said they would need $500,000 in order to retire comfortably, while 18.5% had no idea how much money they would need. The majority of Australians want to live a comfortable retirement and believe they need… [Read More]

TEAM DRUMMOND ATTENDS AUSTRALASIAN REAL ESTATE CONVENTION & GALA DINNER

Just Reward  “It’s fantastic to see another member of the Team at Drummond Real Estate being recognised for exceptional performance” said managing director Peter Drummond. In only his third full year in real estate sales, Rion Kirwin was awarded a Winners Circle Gold Badge for exceptional sales results at the recent Australasian Real Estate Sales… [Read More]

DOES IT REALLY MATTER?

Does it really matter if my tenant will not sign a new lease agreement when I want them to? Does it really matter if my property becomes vacant when I don’t want it to be vacant? Does it really matter if my tenant does sign a new lease and then has to leave? If only… [Read More]

Don’t cheat yourself out of rental income

We are often asked to take over the management of a property (managed by another agent) only to discover that the rental on the property is way below market rent. Believe it or not, sometimes we acquire property that has not had a rental increase in years! Some owners could argue that they have great… [Read More]

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