Upgrading your investment property can propel it into its next stage of growth, but it can cost a pretty penny along the way. Knowing which costs are immediately claimable from a tax perspective can make all the difference when preparing your reno budget. Owning a quality investment property can be compared to sitting on well-rained-on…
Articles by Your Investment Property Magazine
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The Real Estate Institute of Queensland (REIQ) has opposed the proposed rental reforms that would cap rent increases and scrap “no grounds evictions”, saying these could potentially push investors away from the state. The Green Party in Queensland has recently introduced a Private Member’s Bill into Parliament, which outlines changes to residential tenancy laws. Antonia…
House rents have continued to soar in almost every part of Australia, hitting a high of $471 per week nationally, up 4% from March last year when the pandemic began, the latest figures from real estate firm Domain has revealed. Perth registered the biggest year-on-year increase among capital cities at 14.7%, with median rents reaching…
Renting out a property always comes with some trepidation. Landlords run the risk of signing bad tenants who don’t pay, or who damage the home and generally cause a nuisance. For every bad egg, however, there are plenty of investors who land a great renter – the kind you would want to stay for a long…
What will the proposed Victorian Stamp Duty changes mean to the Melbourne property market? On Tuesday, 24 November, Victoria passed down its 2020-21 state budget, revealing a host of support measures intended to stimulate the housing market and building industries, including stamp duty discounts of up to 50%. Following the news, Australian Broker sat down with Victoria-based…
Every landlord will eventually face a situation in which they need to evict a tenant. If you want your tenant to move on earlier than planned, however, there are certain rules you must follow before showing them the door. When buying an investment property, every investor hopes that the perfect person will move into their…
Has COVID-19 changed real estate forever? A report from real estate company McGrath has concluded the pandemic will certainly cause sectors of the population to adjust both their way of thinking and their behaviour in a permanent way. The home The virus has prompted many Australians to reassess their lives and make new choices for…
You don’t want to scare a good tenant away by driving up the rent, but at the same time you’ve invested in property to make money. It’s a dilemma every landlord has to face at some point: when, and by how much, should your rent? You might fear raising the rent too much and driving…
More Australian millennials are expected to break into the property market in the next few years, taking advantage of a sector hampered by the coronavirus crisis, a recent ING homeownership report has revealed. But according to the study, these savvy millennials are more interested in owning a home than buying an investment property as current economic…
Confession: I would hate to be starting out as a property investor today. I’m just not sure it’s worth it anymore? There’s all the uncertainty about the future. Then there are costs and considerations that come with compliance alone are almost enough to make you want to throw in the towel before you even begin….