In an interesting twist on rental affordability, recent PropTrack data reveals that renting a house in Melbourne or Hobart is now less expensive than in Adelaide. Adelaide’s house rents have surged by $60 weekly over the past year, now sitting at a median of $560 per week. This represents a 1.8% increase over the last…
Choosing the right investment property is only part of the equation when you’re trying to build your wealth. Managing that property is the flip side of that coin and it really is a whole other ball game. As a landlord, you will need to keep up-to-date on maintenance, financials and the real estate market in…
Insurance is one of those things that some people mistakenly think isn’t worth the cost. Unfortunately, that’s why too many people choose not to take out appropriate insurance cover to insure their assets as well as their incomes. Thankfully, when it comes to insuring their homes, most Australians wisely choose to do so. And for…
The job of being a tenant should be simple, but as with all things that involve human beings, it often isn’t. If every tenant knew these ten things, life would be a little happier for everyone. 1. Paying rent on time is very important This isn’t because landlords are greedy – it’s because landlords rely…
In recent years, the issue of allowing pets in strata apartments has been a subject of significant debate in Australia. The recent overhaul of strata laws, recently tabled in NSW parliament, marks a substantial shift in the way this matter will be approached. Positive outcomes for pet owners The proposed revamp of NSW strata laws…
These days, finding a new rental property can seem like an extreme sport! Housing affordability issues mean many of us are renting for longer, driving up competition for the good rental properties that are available. Other than in those inner-city high-rise rental towers that is. So, when you find the perfect property in your dream…
It’s old news that Australia is currently experiencing a significant shortage of apartments and a corresponding rental crisis. And renters should not expect a reprieve from upward rental pressure anytime soon as the pace of apartment-building has slowed. According to a report by International Agents JLL, the supply pipeline of inner-city apartments has dropped by…
A new report forecasts that overall capital city asking rents will rise by between 7% to 10% next year. According to Louis Christopher’s Boom and Bust report Perth is expected to record the largest increase in market rents of 12% to 15%. While Canberra is forecasted to record the largest declines of -6% to -2%. According…
Does the stress of renting really make you feel older? Well, according to a new study by Australian researchers that looked at the stress of renting in British adults, people who rent their home as opposed to owning outright age faster than those experiencing unemployment or who’ve previously smoked. The study found that renting stress,…
As Aussie prepare for the upcoming bushfire season, what do insurance policyholders need to know to protect their interests? Insurance expert, Professor Michael Sherris from the School of Risk and Actuarial Studies at UNSW Business School said that bushfires are becoming more prevalent with increased temperatures. He further said: “This is something that is going…
