When buying a property to rent out for investment purposes, do you follow your gut, head or heart? According to Benjamin Kingsley, chair of Property Investment Professionals of Australia, you can consider all of these as long as the renter’s perspective holds the greatest sway.
Investors might get seduced by an inferior property, because they are thinking about picking up a bargain instead … Continue Reading »
Home owner Lisa wishes she had never agreed to rent out her Sydney investment property to a friend.
The decision to offer her two-bedroom flat to a friend who was looking for a pet-friendly place to stay after splitting from her husband has taken its toll on their relationship and left the pair barely speaking.
“I always said I wouldn’t rent to friends and I … Continue Reading »
It’s a very rare day when a property manager doesn’t receive at least one call about repairs and maintenance. As you call your owner for authorisation, it is handy to be familiar with the different types of deductions investment property owners can claim.
All property managers are familiar with managing the careful negotiation which can sometimes be required between … Continue Reading »
There is no denying that indoor plants have become an extremely popular addition to the modern home.
However, which plants should you choose and how do you fit them into your home? To get you started, NZ House &Garden‘s art director (and plant aficionado), Richard Brunton, has shared some of his top tips for how to style indoor … Continue Reading »
After celebrating success at auction or negotiating a private sale, the next milestone in your property-buying journey is settlement. Here’s what you need to know.
1. Understand settlement
Property settlement is an official process usually conducted between your legal and financial representatives and those of the seller. It’s when ownership passes from the seller to you, and you pay the balance of … Continue Reading »
Tired of renting? There are sensible ways to save up for that first home without giving up everything.
To help you get into your first home quicker, we grilled some of Australia’s foremost property experts for their top tips.
Get into budgeting
Budgeting is not sexy, but it does give you control over your finances and it is one of the surest ways to … Continue Reading »
Selling your home can be a stressful time, so it’s important that it runs as smoothly as possible to give yourself the best chance of a top sales price.
The trouble is, with an emotional attachment to your property, sometimes sellers can be more hindrance than help.
In fact, there are common vendor mistakes that can make selling your home much … Continue Reading »
OWNING an investment property can be smooth sailing, unless of course you rent it to the tenants from hell.
They might have scrubbed up okay at the inspection and all their paper work and references sound great, but how can you be sure they will stay that way?
According to CEO of LocalAgentFinder.com.au Matt McCann one of the biggest headaches landlords … Continue Reading »
At first glance, investing in Australia’s most popular holiday spots might seem like the wisest way to invest in property. Making an emotional decision can be dangerous, though. While you may love the idea of having a house for rent in popular Byron Bay or Noosa, for example, would it be wiser to invest in a less … Continue Reading »
Empower Wealth’s Ben Kingsley said first homebuyers often broke the cardinal rule of not sticking to their original budget.
The offer of more money from a lender was usually too tempting for a first-timer to pass up, he said.
“The number one is they blow their budget,” he said.
“They normally justify to themselves to actual spend a little bit more. If … Continue Reading »
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