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How you can achieve the highest possible rent

The dynamics of renting properties has changed over the decades. There are more expectations on landlords in regards to legislation and compliance, with a strong focus on presenting properties in a safe and well-maintained condition. As a result of these changes, many tenants expectations are high and they want more for their rent. Investing in… [Read More]

NSW is top economic performer

A booming housing market and population growth have pushed NSW and Victoria into the top two spots for economic performance in the country. NSW, the most populated state, took out the title for a fourth consecutive quarter, according to CommSec’s quarterly State of the States report. CommSec ranks the states and territories on eight key… [Read More]

Negative gearing stays says Hockey

Joe Hockey remains opposed to changes to negative gearing, saying it would lead to rent increases. He also said there was a lot of misinformation about negative gearing. He said there were more lower income earners with negatively-geared properties than high income earners and negative gearing allowed lower income earners a chance to enter the… [Read More]

TRICKS AGENTS USE

If you want an above market price for your property, agents have a number of tricks to bring you back down to a more normal market price. Some of these tactics are subtle while others are more transparent. Either way, when you know what they are, you stand a better chance of protecting yourself. The… [Read More]

Rate cut predicted before Xmas

Interest rates remained on hold at 2% when the Reserve Bank board met this week. But a RateCity analysis of key economic indicators reveals an increasing likelihood that rates will be reduced by the end of the year. Thirteen of the 18 key economic indicators analysed by RateCity this month pointed towards rates remaining on… [Read More]

Aussies reduce debt and save

Australians have adopted a cautious approach to spending and have strong debt reduction and savings plans in place, according to the St. George-Melbourne Institute Household Financial Conditions Report. The report shows Aussies are improving their financial position by paying extra on to their mortgages, reducing credit card debt and putting savings aside. In the last… [Read More]

Building approvals continue to rise

The latest ABS Building Approvals data shows continued growth, with 218,442 new dwellings approved for the 12 months to May 2015, up from 192,561 approvals for the 12-month period to May 2014. Building approvals increased 2% on the April 2015 figure and rose 13% year-on-year. “Today’s result is the best possible news for combating the… [Read More]

So, what is fair wear and tear?

As property managers we constantly come across owners who have very little understanding of the concept of fair wear and tear. This lack of understanding can cause conflict and stress for everyone including the tenant. Your tenant is not responsible for fair wear and tear to the premises. What exactly does fair wear and tear… [Read More]

Albury Wodonga Market Update

While it’s not booming like the capital cities, there are signs of improvement in the local real estate market, with the median house price moving up from about $265,000 in 2011 to about $280,000 in 2015 (RP Data). Peter Drummond, Managing Director of Drummond Real Estate says his company has had a record year with… [Read More]

Developers seek end to stamp duty

The property sector has called for an end to stamp duty, saying it has destroyed the home ownership dreams of some people. As pressure mounts inside the Federal Government to address house affordability, the Property Council noted that while the Perth median house price increased 442% over two decades, stamp duty rose 740%. Nationally, homeowners… [Read More]

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