Archive for September, 2018

New laws highlight the fraught nature of renting through Airbnb

We’ve written before about the potential pitfalls of renting your property through short-term letting sites. Often, it is not the money making machine you’re led to believe it will be. And, there’s a very real risk you’ll seriuously upset your neighbours.

On the second point, short term lettings have become one of the most talked about problems in strata regimes, as residents have fought back against being forced to live next … Read the full post »

Renovating your investment property? Plan to avoid potential complications!

In times like these, with so many newly built properties entering the market, it is essential to keep investment apartments renovated and up-to-date. As important as these renovations often are, however, many landlords fail to consider their possible (and often hidden) complications and pitfalls.

The need to obtain strata approval is one hurdle that is often overlooked. Recent changes in the law make it easier for strata owners to carry out … Read the full post »

Property management news

The rental market in 2018 has been mixed but predominantly weak. This is partly due to the larger than usual number of newly completed apartments entering the eastern suburbs rental market (a factor that is likely to continue for some time). It is important to recognise and account for this state of affairs when making decisions regarding rental properties.

July was our biggest leasing month of 2018. We rented 20 properties, … Read the full post »

State of the market – danger or opportunity?

It’s safe to say that there’s a higher than average chance that Australia will have a Labor government next year, if not before. How, then, will Labor’s policies affect our already anaemic real estate market?

Here, I’m talking about the removal of negative gearing on all but new properties, and the halving of the capital gains tax concession. Will they, as some predict, be the final nail in the coffin, with … Read the full post »