Home rental markets have continued to tighten over April with clear trends now emerging of a sustained reduction in the record-high vacancies of Sydney and Melbourne inner-suburban and CBD apartments reported over the past year. In fact, there is a shortage of houses for rent in many parts of Australia. This critical undersupply of rental…
There are a number of reasons why a person may want to invest in property, but they never actually get around to it. They have all the best intentions and they really, truly want to take action. They do the research. They listen to podcasts, attend the webinars and buy the courses. They get educated,…
Whether you’re a renter or rental provider (the “official” new name for a landlord), there are a new set rental rules that you should understand. In fact there are over 130 changes to the legislation – too many to outline here, but I’ll try and provide a summary for you. The new rental laws are…
You can’t have successful property investment without tenants, but too many landlords pay scant regard to their tenants – to their financial detriment. I’m sure you’re aware that one of the keys to property investment success is cash flow, and that generally comes from your tenants paying rent for your property over the long term….
While our house price markets have been performing strongly this year, some of the rental markets around Australia have remained challenged by week fundamentals. Rents around Australia fell sharply last year during the more difficult times of the pandemic, but more recently advertised rent arising around Australia. The strong economic recovery is likely to bolster…
Inconsistent tenancy laws across Australia are making it difficult for women and children experiencing domestic violence to stay, to leave, and to find new housing, according to a new report authored by the University of South Australia. An estimated 41 per cent of people accessing homelessness services in Australia are victims of family domestic violence…
A court ruling and subsequent law change that sought to stop owners corporations from banning animals from apartments is still being flouted, according to law firm Bartier Perry. Partner Sharon Levy said some owners corporations and strata managers were going to often extreme lengths to ban animals ranging from complex application processes to bullying. Ms….
While house prices remained resilient through pandemic inflicted 2020, Australia’s rental markets suffered. Commencing in March 2020 vacancies started rising causing asking rents to declined. According to the REA Property Outlook Report the main driver of this was high levels of job loss in hospitality, tourism, and education. If you think about it, the majority…
Residents of NSW apartments are another step closer towards being allowed to legally keep a pet with the passing of a crucial law in parliament last week. The Legislative Council has finally agreed to amend the Strata Schemes Management Act, making it illegal for strata buildings to unreasonably ban the keeping of animals. Last October,…
Evicting your tenants is usually a last resort – it’s the last stop on the train, because it’s difficult, time-consuming and more than a little unpleasant. In a nutshell, it comes with legal and financial stresses that most landlords would rather do without – however, sometimes it’s a necessity. Of course you’ll take advice from…
