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.
A quarterly review of national rents by CoreLogic showed that rents surged 0.5% higher over the month to January 2020 to record a current median rental value of $440/week. This was the highest monthly growth rate in the national rental index since January 2018.
Low interest rates are good news for home owners. Although banks haven’t passed on the recent cuts in full, most borrowers have still seen their mortgage repayments reduce.
In October 2018 the NSW Parliament passed a series of amendments to the Residential Tenancies Act 2010, which are designed to increase protection and certainty for renters, while ensuring that landlords can protect their investment and effectively manage their properties.
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