Welcome to our blog. Here we will keep you up to date with what's happening in the Australian Rental Market, with a special focus on the Perth Metro Area, as well as tips relating to investing in property and property management. Enjoy!
Many professional property developers use a strategy called “land banking” to stack the odds in their favour, so let’s take a look at what’s involved. How it works Land banking is simply the process of securing future property development sites today, at the current price. Many large property development companies buy Greenfield sites, farms or…
So why the collapse? Dwindling workforces, coupled with the comparative decrease in the demand for accommodation are the key reasons behind the price drops in Karratha and cities such as Perth and Darwin. So why won’t other major cities suffer similar price drops? Simple; the major city markets are driven by different dynamics which pre-date…
This week Landgate have released the latest EAS2 (Electronic Advice of Sale) Request figures, which show the number of requests received on a month by monthly basis. If we focus specifically on the figures for the last three years (pictured), you can see that we are well below where the market was sitting in March 2014 and…
Whether it’s moving out of the family home or kick-starting a property investment career, here’s some of the obstacles that may leave Gen Y’s in the starting block. 1. Poor spending habits and poor credit – spending money that isn’t yours on stuff you don’t need. Credit card defaults can result in a black mark against your personal credit…
There comes a time in most people’s lives where you decide to make the big move away from your parent’s and into a place of your own. There are a few things to consider in order to make the move a successful one. Can you afford it? Ensure you are financially independent and ready to…
You could be missing out on thousands of dollars if you don’t understand your entitlements when it comes to claiming for renovations to your investment properties. Another blunder is if you don’t use a qualified quantity surveyor to prepare a tax depreciation schedule. Take our crash course below and you’ll be up to speed in…
For those thinking about renting out their property and cutting out the middleman (the Property Manager) in order to ‘save’ some money, here are five risks which should be considered: Risk 1 – Not being full bottle on the full legal implications of being a landlord A landlord who doesn’t keep up-to-date with the complex…
There are a few reasons people procrastinate when it comes to investing in property. Yes it may be scary, but delays can end up costing you. 1. Fear Of Failure It is human nature to have a fear of the unknown, and for many people, investment is an unknown quantity. Many people are afraid of…
You’ve no doubt heard that the bulk of your property’s value lies in its land and therefore a house is a better investment than an apartment. Well, this is a very general statement so this doesn’t mean houses are always the best investment, or that apartments are not capable of delivering substantial profits. Let’s look…
When analysing your investment property options, it is important to review the strata levies to help decide the wisest investment over the long term. Why do body corporate fees exist in the first place? Wherever there is land subdivided into flats, apartments or units and they have common property (such as gardens, driveways, stairwells, foyers…
How to acquire that often-unattainable second investment property Only 25 percent of Australian property investors own more than one property in their portfolio, with the majority therefore stuck on the single property. So why do many investors struggle to get past their first property? Let’s take a look at some of the reasons why. Lack…
Renovations, when done correctly, can enhance the look and feel of the space, as well as add value, but it’s important to stick to the plan, particularly if you are planning on using the property as an investment. So here’s some of the most common blunders to avoid: 1. Overcapitalising Overcaptalisation occurs when the homeowner…
