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Tag Archive 'Property management'

In the 2017-2018 Federal Budget handed down by Treasurer Scott Morrison on the 9th of May 2017, the Government proposed changes to the Taxation Laws. From 1 July this year, all travel deduction relating to inspecting, maintaining or collecting rent for a rental property – previously allowable – will be disallowed. This is relevant for […]

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The tax benefits from depreciation on an investment property can be extremely valuable, but are often overlooked by some landlords. The issue is that some investors either aren’t aware of the benefits associated with depreciation, or they don’t have an up-to-date depreciation schedule. The Australian Taxation Office (ATO) allows property owners to claim the wear […]

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As we approach the warmer months, landlords are encouraged to take the opportunity and tick off some important maintenance jobs. These jobs might include: checking drains and gutters, looking for signs of mould or damp, having air conditioners serviced, mending any broken or leaking fixtures, examining fences and garden walls to ensure that they remain […]

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The popularity of global accommodation website, Airbnb continues to grow. In Melbourne alone, the number of properties available to rent via the site has doubled in the past year to more than 6500. As a result, both landlords and tenants alike are wondering where they stand when it comes to leasing out a rental property […]

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If you reside in or own one of Victoria’s 500,000 rental properties, then it’s likely you’ll be impacted by any changes to the Residential Tenancies Act (RTA). The State Government is currently undertaking a comprehensive review of Victoria’s residential tenancy laws, which govern the rights and responsibilities of both tenants and landlords in relation to […]

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Melbourne’s rental vacancy rate (the percentage of vacant rental properties at any given time) has been hovering between 2.5 per cent and 3.5 per cent since the beginning of 2011 – representing a relatively balanced market place. According to REIV data, it currently sits at 3.1 per cent and has been slowly creeping up since […]

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Metropolitan Melbourne The latest Real Estate Institute of Victoria (REIV) data for the Melbourne rental market shows that the number of vacant properties in the metropolitan area increased 30 basis points in the last quarter of 2015. The vacancy rate has remained stable throughout most of 2015 at 2.8%. In November and December it increased […]

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The rental market often starts to go into overdrive in the last few weeks of the year, and into the new year, as tenants look to finalise their residences for 2016. Property Profile Group members are anticipating strong demand for well located, quality properties in desirable locations. As reported by the REIV, across Melbourne, vacancy […]

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The astute property investor knows the value of good landlord insurance. A first-rate policy can offer peace of mind and assurance that if something does go wrong, the financial costs will be minimised. Whilst most tenants take good care of the property they are leasing, those that don’t may intentionally cause extensive damage. And any […]

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These days, a good number of prospective tenants own a pet. (Over 50% of all Australian households own a cat or a dog). As a landlord, allowing pets or not is a personal choice. In a buoyant market landlords can afford to say no. However, there are a lot of good tenants who do have […]

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