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When carrying out final inspections with a tenant to determine the final condition of the property and bond refund, we must compare the condition of the property at the commencement of the tenancy to the end of the tenancy and allow for “fair wear and tear”. The definition of “fair wear and tear” is something…
Home rental vacancy rates general eased over May although conditions remain clearly tough for tenants in most capital city markets. The national capital city vacancy rate was steady for houses at 2.1 per cent over the month with units easing to 2.2 per cent for an overall result for total homes of 2.2 per cent….
Should you allow your tenants to undertake maintenance in your investment property? Now with all the D.I.Y. shows on TV everybody thinks they can do a professional job and a lot of people underestimate the skill and profession that tradesmen put into their work, not to mention the expensive tools. Many landlords think it saves money to have tenants perform…
Private renters’ security of tenure in Australia has less legal protection than in other countries with high private rental rates – A new study reveals mixed responses to this state of uncertainty, writes… Alan Morris, University of Technology Sydney; Hal Pawson, UNSW, and Kath Hulse, Swinburne University of Technology A growing proportion of Australian households…
Almost nowhere in our capital cities can low-income households – and those on average incomes in Sydney – afford the median rent, mapping rental vulnerability finds it in regional areas too, writes… Chris Martin, UNSW and Laurence Troy, UNSW Two new tools for measuring and visualising problems in our rental housing system are in the…
Buying your first investment property can be both exciting and daunting. You’ve poured your hard earned savings and/or equity into a expensive asset, and now you take on the responsibility of being a landlord and the challenges of property management to ensure you maximise the return on your investment property. Over the years I’ve see numerous mistakes…
In a market already tilted in favour of landlords, these apps could further push up prices, writes… Garrick Small, CQUniversity Australia Renters are already the weak party at the negotiating table because they cannot ignore their need for a place to live. But a new series of apps that pit renter against renter will only…
Too many landlords think that property management is easy, when it isn’t. And too many landlords never receive anything more than a “one-size-fits-all” property management service. But there is a better way to manage and grow your portfolio – and all you need to do is read on. A common problem One of the most…
Attracting reliable tenants is a crucial part of any investment strategy. Yet, it is an area that many investors overlook as they become fixated on price and positively gearing their portfolio. Price is important, of course, but equally important is whether the place will be in demand by tenants. This is a question that should…
As a landlord, ensuring your tenants are living in a property where everything works adequately falls squarely on your shoulders. But roles and responsibilities aren’t always cut and dried – especially when you add in emergencies. The law differentiates between urgent and non-urgent repairs, but they can be easily misinterpreted by both tenants and landlords….
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