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.
Property Investor’s often don’t have the time or inclination to run the day to day requirements of their investment. It is the goal to have a property manager that will allow you to sit back and watch your investment succeed. However, not all Melbourne property management firms have the same approach to.
Melbourne Property Manager For a long time, property management has been relegated to dated management processes that often leave investors with a lack of support, leaving them feeling alone in managing the success of their property investment. We believe that a property manager, especially in important investment areas like Melbourne, should do the exact.
At financial comparison site Mozo, we’ve recently conducted our annual home loan mystery shop, and found that all four of the big banks were willing to slash interest rates by up to 0.72% for investors. That might surprise you, given APRA’s clampdown on investment lending this year, but it seems lenders are still keen.
Finding ways to maximise the potential of an investment property can be a challenge for new investors. Luckily, plenty can be done to add value to an investment property, it just takes a little experience and a few tips to know what you should be looking for. The first thing investors should understand is.
Gun property managers do more than collect rent once a month and pass it onto their client with their cut taken out. So, what should you expect from a gun property manager? A property manager has some core tasks that should maximise a landlord, or investors return on what is probably their most significant.
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.
As the housing market continues to peak, millennials are opting to buy property to rent out in a bid to have tenants cover their mortgages. And through this innovative approach to enter the market, we have seen the birth of the landlord generation. In March 2007 the average house price in Melbourne was $400,000..
Buying an investment property can be a great way to build financial prosperity, however it is very important to factor all the additional costs into the investment proposal. From the initial marketing and Letting, to the ongoing Property Management and Maintenance, we have identified 5 key areas that investors fail to adequately budget for when.