As the financial year comes to a close, we reflect on a truly dynamic year in property management across NSW.
From shifting rental trends and legislative changes and the upcoming EOFY process, we reflect on the year and provide some reminders for the months ahead.
Selling a tenanted property often makes financial sense for investors. Not only do you need to sell at the time that’s right for you in terms of the highest possible sale price, but continuing to receive rental income right up until the property sells can make a huge difference to your bottom line and ensure that you stay on top of investment loan repayments. It’s also appealing to potential investors if a property already has tenants in it.
A property that is well presented not only attracts a higher rental income but also a better quality tenant. Increasing the rental income of your investment property is a top priority for smart property investors and it isn’t as expensive or as difficult as you might think. A few low cost strategic improvements to your investment property could significantly increase its rental value meaning more money in your pocket each week.
Although the title would suggest the amendment relates to changes surrounding the recent floodings in Northern NSW, the amendment instead focuses on changes to the core sections of the Residential Tenancies Act. These changes will directly affect how tenants and landlords can occupy, price, and vacate a property.
We all know that COVID changed a lot of things, but how has it affected the Commercial Property Landscape? How did it affect the different asset classes and how does the impact of COVID differ across the country. Five of our leading Asset Managers across the country discuss the impacts and how they've changed the landscape of commercial property.
Capital cities, regional areas, houses and units all saw an increase in rents last quarter, culminating in the highest calendar year growth rate since 2007.
The main purpose of a routine inspection is to identify any issues which require maintenance or repair and to ensure the property is being looked after and a safe environment for tenants.