Just about everywhere you look in Victoria, you’ll find someone struggling with housing – whether they own, want to buy, need to downsize, aspire to build, or are looking to rent. This is a grim snapshot of the current situation. Melbourne has the fourth least affordable housing market in the world, with a median dwelling price…
A tenant refusing to leave the rental is one of those nightmare scenarios no landlord or agent wants to have to deal with. But it’s one you might have to. So if your tenant isn’t budging, what’s next? Not paying and not leaving… It’s all well and good to have legitimate grounds to request your…
$20 million… $30 million… No, it isn’t the lotto jackpot. It’s the amount of ‘legal liability’ cover likely to be included in a landlord insurance policy. The sums represent lots of zeros, but just what is liability cover and why do landlords need a cover with seven figures? Landlord insurance policies cover a lot of…
Heavy commuter rail is a frequently mentioned “solution” to congestion. But just as frequently, it is revealed as horrendously expensive to build, expensive to operate and seemingly incapable of moving the dial-on mode share: that is, it doesn’t succeed in getting many cars off the road. Explosive cost blowouts are all around us In Melbourne,…
How safe are your properties from defects? A new report by The Strata Community Association New South Wales (SCA NSW) has revealed that more than half (53%) of all strata buildings had serious defects between 2016 – 2022, with an estimated $79 million being spent by owners corporations to rectify these issues. This survey was…
Have you dreamed of living a house in the suburbs? Well, according to the latest survey from Compare the Market, the majority of people across Australia, Canada and the United States would prefer living in suburbia rather than to live in a city. The survey interestingly revealed that more Australians prefer suburbia compared to the…
When it comes to tenant damage in landlord insurance policies, insurers generally consider there to be three types – accidental, malicious and deliberate/intentional. These types are based on the intention – or cause – behind the damage. Why does this matter to you? Because not all insurers cover all three types of tenant damage. In…
Bipartisan support for temporary extra government spending to preserve businesses and jobs through JobKeeper was one of the few positive outcomes of the COVID-19 pandemic. Recognition that the long-term damage caused by short-term economic crises far exceeds the cost of temporary government spending to avoid it underpinned that consensus. It’s worth considering now whether the…
Brand new homes deliver different benefits to existing properties, from depreciation power to capital growth potential. When it comes to deciding which one makes the best investment, there’s no blanket answer – but there are factors that could sway your decision. Rather than attempting to categorise one as better than the other, which is a…
Clean water is a vital element for sustaining life and property value. Property owners understand that the water quality on their premises directly impacts health and daily living and the overall attractiveness and worth of their property. Ensuring access to clean and safe water is a critical concern, as it plays a significant role in…
