Currently, it seems almost impossible to turn on the news without being overloaded by opinions and predictions on the Australian property market. The RBA’s decision to cut the cash rate has only intensified this discussion further. This information overload makes it difficult to decipher what the real implications for a homeowner are. As with any.
By the time you’ve made the decision to rent your property you’ll be aware of how much work is involved and how much of an impact it will have on your lifestyle. A perfect way to reap the benefits without adding any stress is to hire a property manager. By bringing in the professionals you’ll.
Preparing your property for renting out can be a confusing process. For investors buying properties specifically to put them on the market, trying to track and mark out every detail that needs to be altered for the market is difficult without any prior intimate knowledge of the home. Conversely, for those that have been living.
If you’ve lived in Australia for the past few years, the term negative gearing is likely quite familiar. The 2010s have seen an enormous increase in interest and debate regarding the topic, with many arguments being thrown about on both sides of the issue. However, despite this widespread use of the term, there is still.
Victorian rental laws have been the subject of sweeping changes over the past couple of years. These changes have generally been met favourably as necessary revisions to laws that no longer make sense for modern Australians. According to the Victorian Government website, new “affordable” lettings in Melbourne have dwindled from 30% to only 7.6% in.
Owning and renting out property is just one of the benefits that befall a homeowner, although it is not without risks. Landlordship and the responsibilities that come with can plague the minds of owners who may not possess the solution that offers peace of mind and financial support in dire circumstances. If you had not.
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,.