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With the majority of rental property owners denying pets to tenants, opening the door to furry little companions may be the ideal way to boost your investment profit. But how you do you maximise this strategy and minimise the risks? Pets have settled too comfortably into the strata by-law debate, and throngs of apartment owners…
The Australian Competition and Consumer Commission (ACCC) is warning the public to watch out for investment scammers who promise great returns but “leave their victims with broken dreams and empty bank accounts.” In the first half of 2017, Australians reported losing over $13m to investment scams, according to the ACCC’s Scamwatch website. This makes investment…
Investing in property is an enterprise that can take a lot of research, advice and sometimes even trial an error to get off the ground. And, most importantly, it takes money. There are many costs involved when it comes to buying a property, one of which is the initial deposit you’ll need to put down….
Buying a property with friends and family may seem like the ideal solution in an unaffordable housing market. In reality, it’s riddled with risk and is just one of the big mistakes that investors routinely make. Today we share the five big rookie mistakes and how to avoid them. Buying a property with your best…
There’s so much confusing and conflicting property forecasting information out here, I thought I would simplify matters with a simple equation. This equation uses the latest published Australian Bureau of Statistics data, and dramatically shows us that we are rapidly approaching a critical shortage of rental accommodation in the major eastern cities. Record population growth…
Demographic changes over the next decade will drive a shift in demand as Gen Y — now aged around 20 to 35 years old — begin transitioning into ‘family phase’. This could underpin the next boom in real estate, with a strong focus on small-dwelling design. Changes to the age profile of the population over the next…
Property managers can be the best thing to happen to investors, as they take away much of the stress of personally handling your investment property. If they’re not up to the task, however, they can also be your worst nightmare. Many investors get into real estate initially because they are excited about the potential to…
The growing popularity of short-term holiday rentals has taken many Australian local councils off guard, according to Reuben Schwarz, co-founder of BnbGuard, a service which monitors unauthorised subletting on investment properties. “What was once a few homes every now and then is now every-other-home every-other-night in many Australian coastal shires, as both professionals and local residents…
The Royal Commission has highlighted the need for property investment advice regulation, amidst the myriad revelations of dodgy operators and unsound financial advice, according to the Property Investment Professionals of Australia (PIPA). While planners are subject to regulation, the provision of property investment advice generally remains a free-for-all, according to PIPA chairman Peter Koulizos. In fact, anyone can…
Queensland’s population is projected to reach 5 million by May, according to new data published by the Australian Bureau of Statistics (ABS). This strong growth is likely to translate to a stronger demand for property. Robert Honeycombe, chairman of the Real Estate Institute of Queensland (REIQ), said Queensland’s property market and the wider economy would…
