Rental Yield is a measure of how much cash [or rent] your property produces each year, as a percentage of the property value. The property investor dream is to secure a high rental yield property, in a location that delivers large capital gains, combined with low management and maintenance costs. This means, rental yields are…
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Tree lined Rockley Road runs off Toorak Road opposite the Toorak/South Yarra Public Library. Rockley Road began its days in 1908 as part of the subdivision of the Little Rockley Estate. Little Rockley was one of four early houses built in the area on an elevated site overlooking the Yarra River, Rockley Road was created…
Statistics recently released show that the current profile of a typical tenant is a female aged between 35 and 49 who earns more than $50,000 per annum. The statistics also show that less than 30% of tenants looking to rent a property today are men. The study undertaken by website portal realestate.com.au revealed that less…
Part of being a landlord means rental increases are something you need to give some thought to when the time comes to offer a lease renewal to your current tenants. While it can be tempting to increase the weekly rent for your tenants, there are forces within the market you should consider when determining if…
Renting out your property for a reasonable price and turning it into a successful investment can be challenging, especially in the current market. We share some tips on how to make improvements to your home to get a tenant in as quickly as possible and obtain a rent price that works for both parties. 1.…
Located south of Toorak Road in the area between Punt Road and Chapel Street and curving northwards from Fawkner Street towards Toorak Road picturesque Davis Avenue was part of one of the earliest subdivisions in the western section of the Prahran Municipality. Drainage was an issue in the area and in 1884 before this was…
Tax time is quickly approaching and we suspect you may have already fished out your calculator, or called your accountant, and gotten busy with number-crunching your income and expenses for this year. If you are a new property investor, “Income” includes the amount of rent you receive for the property on an annual basis. “Expenses”…
Cromwell Road is a long residential street running from Toorak Road all the way to Malvern Road. The street was originally only a fraction of the size and was known as Dunster Road. Originally swampland the area was plagued with drainage problems and it wasn’t until improvements to drainage in the area in the 1860s…
Ensuring a continued tenancy is paramount in order for you to budget for regular and ongoing rental income. Not only this, but a tenant on a fixed term lease on an ongoing basis means more income, as the property will not become vacant or suffer additional wear and tear through the tenant vacating and a…
In all cases a tenant is required to leave a property reasonably clean and as Property Managers we ensure this is the case… However in our experience there is the general living ‘wear n’ tear’ that after a few tenancies raises problems. Even after a few tenancies – when a property is handed to us…