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…
It’s a universally acknowledged truth that you can’t have a successful property investment without tenants paying you rent regularly. But too many investors don’t put enough thought into who is the best person to professionally manage their properties – and many even try to do it themselves. Successful property investors, however, understand that they need…
What’s ahead for apartment vacancy and rent? Well, new data from CBRE research found that median rents are expected to grow by $120/week (+26%) between 2023-2028, across 53 precincts in Australian capital cities. In fact, a number of precincts are likely to see mid/high 30% rental growth. It is also expected that capital city vacancy…
Renters and low-income households are better off today than they were 2 years ago in 2021, even amid high inflation and our worsening rental crisis. The new Reserve Bank governor Michelle Bullock made the claim in her first speech since taking over the job, adding that strong employment and income growth help to shield the…
I’ve known about the value of professional property management for a long while now. I guess that’s what comes from being in the property industry for over 2 decades. Over my many years in the industry, I’ve come across plenty of good property managers but also some that you should give a wide berth. The…
Investors who rent their property out on short-stay accommodation platforms such as Airbnb and Stayz in Victoria or Queensland will soon face a tax surcharge. A 7.5% levy, imposed by the Victoria state government supposedly in an effort to help tackle the state’s rental shortage, will apply to revenue made on the platforms from January…
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…
We know we’re in the middle of a rental crisis. According to PropTrack, national rental vacancy rates – the share of rental properties that are available for rent – inched down 0.04 percentage points to 1.43% in July. In fact, vacancy rates have halved since the pandemic as rental demand has increased. This severe shortage…
In the wake of Australia’s ongoing rental housing affordability crisis, policymakers have mooted a series of interventions, including a freeze on rents and various forms of rent controls. Of course, we know that one political party particularly of a particular colour is pushing for rental freezes. While this might seem attractive solutions to the immediate…
In recent months, the issue of rent control in Australia has been at the centre of intense scrutiny. The Victorian Government has sparked debate across the nation by indicating that it is considering both restricting the range of a rental increase and limiting rent increases to once every two years. The implications of these moves…
