Flash flooding and storms have ravaged Australia’s east coast over the past 12 months, and the Bureau of Meteorology (BoM) predicts we can expect the extreme wet weather to continue during the coming months as La Niña returns for what will be the third summer in a row. It’s worrying news for property owners. Because…
Awesome landlords attract awesome tenants. It’s a simple matter of A + B = C… and while this equation applies in virtually all areas of life, it is remarkably relevant when it comes to managing your investment properties at an optimal level. A brilliant landlord is able to keep hold of tenants for longer periods…
Did you know that over 60% of Australian households own a pet? Now what’s also interesting is that many landlords and managing agents have a ‘no pets’ policy on rental tenancies. Perhaps it’s because they think it’s easier to manage a property without pets, or they believe pets might cause damage, but I’ve always been…
Many investors think that the hardest part of becoming an investor is searching for and finding the right investment property. In reality, that’s only the beginning. Once you own an investment property and become a landlord, you have to learn how to effectively manage it – and a huge part of this is ensuring that…
How did Australia wind up with the tightest ever rental market? Well, it has been the culmination of a number of decisions over a number of years that have created the tightest rental market on record – and there’s no quick or easy way out of it. If we go back to 2014, investor borrowing…
Australia’s rental market is booming, with rental rates surging across the country as tight supply and record-low vacancy rates push competition for rental properties to a crisis point. At the same time, record levels of internal migration to locations such as Brisbane and Greater Queensland have further exacerbated the supply-demand imbalance in many areas. New…
There is currently more pressure on our inner-city rentals due to the opening of our international borders earlier this year. Net permanent & long-term arrivals, which are a timely monthly proxy for Australia’s net immigration, have surged. Tenants’ conditions remain tough Home prices are falling around the country on the back of rapidly rising interest…
House and unit rents across the combined capital continue to reach new record highs, according to Domain’s Rent Report for the September quarter. In fact, combined capital city house rents are up by 1.9% over the quarter, and 12.8% annually, while unit rents are up by 6.5% over the quarter, and 16.7% annually. Why is…
When it comes to residential property management, there are several rules and laws that must be followed in order to ensure landlords don’t end up facing a cantankerous residential tenancy tribunal judge. One of the areas that can create confusion is lease renewal and the termination of tenancies. This is why it’s so important to…
Australia’s population grew by 0.9 per cent in the year to March 2022, according to the latest data from the Australian Bureau of Statistics (ABS). Beidar Cho, Demography Director at the ABS, said that with the softening of international border closures, net overseas migration added an estimated 110,000 people to the population. “After two years…
