Is the Australian rental market heading to more challenging times? According to REA’s senior economist, Eleanor Creagh, “a perfect storm is brewing that will likely see the already stretched rental market placed under further strain, causing prices to climb higher.” In fact, right now, the labour market is under intense pressure, with the unemployment rate…
We know that rentals have shot up lately as most of Australia is experiencing a rental crisis. But looking back over the last decade, inflation has outstripped rental growth, so we’re really only experiencing a catch-up in rentals. The Property Investment Professionals of Australia (PIPA) and the Property Investors Council of Australia (PICA) have found…
Some people argue that buying a property is the most stressful part of the investment journey. But some find the property settlement process when the property is legally transferred from one party to another, a harrowing time. You have to rely on a team of conveyancers or solicitors, your finance broker, and your property manager…
Attracting reliable tenants is a crucial part of any investment strategy. Yet, it is an area that many investors overlook as they become fixated on price and positively gearing their portfolio. Price is important, of course, but equally important is whether the place will be in demand by tenants. This is a question that should…
Property investment is one of the best ways to create wealth but your property investment success depends on much more than just property selection and location. You see… property investment also involves people – namely landlords (that’s you) and tenants. When leasing an investment property, the landlord has various responsibilities which must be upheld. In…
Boy is competition in the rental market going to heat up. Especially now that the number of international students applying for visas hit a record high in June as city life and international travel resumed. According to the Home Affairs Department: “This is the largest number of offshore applications received in a single month in…
Ask any long-term landlord and they will probably say they have experienced the highs and lows of property management. In fact, many investors have learned the hard way about property managers who don’t do much more than collect the rent – and sometimes that doesn’t happen either! Now, every industry has its bad apples, but…
We’re currently facing a rental crisis with historically low vacancy rates and soaring rents, but new data suggests price growth is cooling. Domain’s latest quarterly Rent Report reveals that house and unit rents across the combined capitals have reached a new record high of $515 and $460 respectively, with the country seeing its strongest annual…
We’re experiencing a national rental crisis meaning it is getting harder and harder for would-be tenants to find a rental property in the current market. There’s a lot of competition, rental demand is strong, and supply is tight. And it could get even tougher if increasing mortgage repayments are passed on to tenants amidst tightening…
If you want to increase the rental yield on your investment property, there are proven strategies to bring in a higher rent without driving tenants away. With the right improvements, landlords can increase the amount they charge for rent, but there is a fine line between improvements that can increase rental income and those which…
