All the latest news from the My-Rental team & community
No matter how you look at it, a property is a sizeable investment. From stamp duty to the cost of the down payment, a lot goes into you owning your own home or land. So, when it comes to your property management, you want to make sure that it’s in safe hands. So, before you.
Australian real estate has been in an unexpected place over the past 12 months, with property investment options in 2019 looking completely different than they did even a few short years ago. These changes have meant great things for those looking to enter the Melbourne market, as house prices have started to stagnate and drop.
Not all Australians will experience the pride and joy of acquiring an investment property. In fact only 7.9% of Australians are likely to take advantage of available investment options. Plus, for those that are investors, if your peers and family are not in the market, you may be lacking a sounding board or mentor to.
According to a new report (Emerging Trends in Real Estate Asia Pacific 2019 – Link), development property investment in Melbourne has overtaken Sydney and Singapore as having the best prospects heading into the new year. This news comes at a very uncertain time for homeowners and investors, as publications debate the longevity of price drops across.
The past year has seen new homebuyers rejoice, as the Melbourne real estate market continues to see price drops for its 12th month. This comes as a welcome change for buyers after steady inclines in prices across the country caused major generational concerns for the viability of buying a home. While this change has not.
The state of millennial real estate has been the subject of much heated discussion over the past few years, and it’s easy to see why. According to a survey commissioned by Slater and Gordon Lawyers, up to 26 per cent of individuals in the Gen Y age bracket would have to rely on their inheritance.
More than most areas within Australia, Melbourne’s property market is in a constant state of change. This makes navigating the market difficult for first time buyers and investors alike, as ideal buying opportunities can fluctuate from month to month. At My Rental, we are dedicated to assisting landlords and homeowners in traversing the Melbourne property landscape. So,.
Starting in 2015, a review of the Residential Tenancies Act 1997 has been undertaken by the Victorian Government. This initiative has been one of several actions that have taken place as part of their Fairer Safer Housing platform. The Residential Tenancies Act was put in place to protect Victorian citizens living in rental housing, whilst.
Way back in 2014, Australian investors were hit with a housing investor loan cap. This was designed to reduce risky investment lending by banks and other financial institutions. Dubbed the housing investor ‘speed limit’, its intention was to limit growth in investor lending to no more than ten percent. Seemingly having achieved its intended goal,.
The world of real estate is in a constant state of flux and change. From average housing prices shifting on a near-daily basis to new technological advancements giving us new ways to decide which house we should call home. However, one realm that people weren’t anticipating real estate to venture into is augmented reality. Much.
Choosing a residential property management service is always a challenge for owners. After all, your property is not just an investment, but a vital aspect of your financial future. For a property to really succeed and pave the way for you being financially stale, you need real estate property management that you can trust. So,.
In recent years there has been much doom and gloom surrounding millennials’ prospects of getting a foothold in the property market. Circumstances as diverse as rising property prices, and Generation Y’s love for the humble smashed avo breakfast have contributed to despair about millennial investment prospects. However, the good news is entering the market isn’t.
Little or no communication from the Property Manager Often the biggest frustration for landlords is that phone calls and emails are not returned in a timely manner if at all. Clients that have to contact their Property Manager for updates and important information are far more likely to lose their patience. Property Manager staff turnover.
Whether you’ve recently purchased your first investment property, or have already been in rental investment market, it can prove to be challenging in selecting your Property Manager. Often after purchasing a property, buyers feel compelled to engage the same agency to manage the property. This isn’t necessarily a bad business transaction, as the company have.
Welcome to the My Rental blog. We are dedicated property professionals looking to provide great advice to current and future clients on all things property related. The future blog posts from My Rental will cover a range of different topics including macroeconomic trends in the market place as well as looking a key growth areas.
