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,.
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.