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Australia certainly stands out as an animal-loving nation with some of the highest rates of pet ownership in the world. With around one-third of all households renting, what are the pros of a pet-friendly investment property? And what are a landlord’s legal responsibilities? Find out below… A 2019 survey by Animal Medicines Australia found that 5.9 million…
The Victorian Government has introduced rent relief grants for eligible tenants experiencing rental hardship as a result of the coronavirus (COVID-19) pandemic. The problem is, most tenants and landlords don’t really understand what this involves, so let’s have a look at some of the key aspects provided by the government. In this article I’ll explain…
For any landlord with an investment property, your property manager should be your greatest asset. While it’s always possible to manage your own property, it can be so much smoother to have a professional do it for you. They can help you find the best tenants, manage (and chase) rent collection, keep up-to date on…
Asking rents are pulling back in Sydney and Melbourne- especially in inner CBD. Closing Australia’s border had an immediate impact on the demand for properties to rent from international students and the likes of Airbnb from international travellers. As a result, there has been a significant impact on rental vacancies and asking rents in Sydney,…
Did you know that over 60% of Australian households own a pet? Now what’s also interesting is that many landlords and managing agents to have a ‘no pets’ policy on rental tenancies. Perhaps it’s because they think it’s easier to manage a property without pets, or they believe pets might cause damage, but I’ve always been…
The road ahead for our economy and our property markets has never been less clear. Whilst I can’t make any predictions with real confidence about how property markets will perform next month, let alone next year, based on my perspective of having been involved in the property markets for over 20 years, I believe the…
There’s been a huge change in the Residential Tenancies Act in Victoria, with new laws introduced in Victoria making it easier for tenants to bring their a four-legged friend into their home. From March 2nd 2020, renters will be able to seek written approval from their landlord if they wish to get a pet, and landlords…
The private rental sector has expanded at more than twice the rate of the increase in Australian households in the last two decades. This increasingly diverse form of tenure now houses about one in four of us. Australia’s lightly regulated private rental sector means the insecurity of tenants is a key factor in why most…
What’s going to happen to the rental markets and vacancy rates as a result of the coronavirus pandemic? Nationally the rental markets started the year strongly. The latest quarterly Domain Rent Report, showed record rent rises in Sydney, Melbourne, Adelaide, Perth, Canberra and Hobart. But this will now be short lived as COVID-19 impacts our…
The NSW State Government announced a $440 million in relief for renters and landlords affected by Government-enforced COVID-19 restrictions. The package is targeted at keeping people in rentals over the next six months. “This policy is about protection,” NSW treasurer Dominic Perrottet said. “Protecting tenants from being evicted due to circumstances outside their control. It protects landlords from…
