We all know that rents are skyrocketing around Australia. So a question every landlord seems to be asking themselves at present is: How often, and by how much, can I increase the rent on my investment property or properties? There are actually two parts to the answer – how often you can increase the rent,…
The Victorian government has granted local councils new powers to limit short-stay accommodation as it moves to introduce a 7.5% levy on properties listed on platforms like Airbnb and Stayz. The government has also granted local councils and owners’ corporations powers to ban or limit short-stay accommodation. The Victorian treasurer, Tim Pallas, said the reform…
Queensland has recently implemented new minimum rental standards that all property investors need to be aware of. These changes came into effect for new tenancies (including renewed tenancy agreements) on 1 September 2023 and will come into effect for all remaining tenancies from 1 September 2024. They are part of a broader rental law reform…
In the ever-evolving landscape of property investment, landlords are increasingly faced with a barrage of new challenges that can make owning investment properties feel more daunting than ever. Over the last few years, the government has implemented a series of legislative changes that have significantly altered the rules of the game for property investors. These…
Buying a property is not an investment strategy. Building a property investment portfolio involves much more than picking the property type and your price bracket. You need a goal in mind and a plan for achieving it. And not only that… it’s essential! After all, planning is bringing your future into the present so that…
What’s your financial time horizon? If you think about it, the average Australian has a very short financial time frame. Often they live week to week and wonder how they’re going to get through financially till the next pay packet. Then there are some Aussies who think about the months or the years ahead. But,…
Negotiation is more of an art than a science. Skilful negotiation doesn’t come naturally to most of us – it’s something that needs to be learned, practised, and perfected over time. It’s often said that it takes 10,000 hours to become an expert at anything, which means that most buyers and sellers, who only transact…
With spring around the corner, buyers, sellers and property professionals are gearing up for a lift in sales and listing activity – but for some sellers in Melbourne, Hobart and Sydney, spring does not necessarily mean that demand will lift. Spring can be a popular time for both sellers and buyers alike as the chill…
Melbourne has long been one of Australia’s strongest property markets, standing tall alongside Sydney. This has been thanks to its robust job market, high migration from overseas and interstate, and its reputation as one of the world’s most livable cities. However, in recent years, home value growth in Melbourne has languished while other cities continue…
Building homes is restricted mainly by planning red (and green) tape, high taxation, government munificence, and not being able to easily build what the market wants and/or can afford. Now that is off my chest – hopefully for the last time for a while – let me outline why stopping overseas migration isn’t really a…
