Investor activity in the Victorian real estate market has surged to a rate not witnessed in six years, in another indication of growing confidence as Australia moves to its next phase of dealing with the Covid-19 pandemic. In figures just released by the Australian Bureau of Statistics, housing loan commitments rose 4.9 percent in…
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Seasonality has been swept aside in Victoria’s real estate market, with strong results likely to continue through winter and into spring and beyond. Once upon a time, spring was the time to sell your home: when gardens are blooming, homes look their best and buyers emerge from the hibernation of the colder months. However, things…
Avoca Street South Yarra Within walking distance of the Botanic Gardens, Avoca Street is one of South Yarra’s best locations. Despite a number of apartment blocks springing to life during the 1960’s and 70’s architecturally Avoca Street remains graceful with a mix of luxury mansions, Victorian terraces and contemporary homes alongside the apartment blocks. Originally…
All homes will need upkeep from time-to-time. When routine inspections are performed, your property manager will identify any items which may need repair around your investment property. Your tenant may also occasionally report items for repair during their lease, which is to be viewed as a positive sign of open communication – there’s nothing worse…
Property investing is an excellent vehicle for building long term wealth. But you need to factor in the upfront and ongoing costs of being a landlord. Throughout the duration of holding each property, you need to have stable cash flow to cover your key expenses and the regular shortfall (if you’re negatively geared). In…
Please see below the REIV’s latest update in relation to landlord hardship and pre settlement inspections: Pre Settlement Inspections I am pleased to advise that Business Victoria has taken our feedback on-board and updated their advice regarding pre settlement inspections. The REIV Reference Guide has been updated to reflect this. “If the buyer is seeking to conduct a pre…
Following the Premiers announcement earlier in the week extending the State of Emergency in Victoria, the State Government has also moved to extend eviction moratorium laws. Please see the press release from Consumer Affairs Victoria below. Victorian eviction moratorium extended to 31 December 2020 The Victorian Government is extending eviction moratorium laws to provide greater…
According to CoreLogic’s Profile of the Australian Residential Property Investor, the value of people’s wealth held in real estate assets is worth more than superannuation funds and listed stocks. While the economy and property market are in an uncertain place, now is a better time than ever to review your investment strategy to ensure you’re…
We are still working under strict Stage 4 restrictions as outlined in the latest advice from the REIV as below. AWAITING CLARIFICATION We are receiving a number of questions regarding the services permitted during the 6-week lock down. Our discussions with government are continuing and we expect that there will be some revisions to the…
It is becoming increasingly common for landlords to allow tenants to have a pet in their property. There can be many advantages and opportunities of allowing pets on the tenancy agreement, but before you decide, make sure you consider the following pros and cons. Increase your chances of finding a tenant In recent years, the…