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Tag Archive 'Rental'

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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Owning a rental property at a time when the market is well balanced, as it is currently, is every landlord’s dream. However, steady vacancy rates do not automatically translate to higher rental income if your property is not up to market standard. Here are a few hints on how to maximise your rental returns and […]

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The Real Estate Institute of Victoria’s latest figures reveal that after three months of stability, the vacancy rate in Melbourne increased from 2.8 per cent to 2.9 per cent in July 2014. The increase was due to more vacant properties in the inner and middle suburbs. This marks the first increase since August 2013. The […]

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Rental vacancies across regional Victoria have remained low and continued to decline in the first three months of this year. New REIV data shows the state’s overall vacancy rate of 2.7 per cent was down from 2.8 per cent in the final three months of last year and 3.2 per cent a year ago. Vacancy […]

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Melbourne’s overall vacancy rate in August increased slightly from the previous month to 3.7%, but is still down from April’s peak at 4.4%. The Real Estate Institute of Victoria reports in its June quarter analysis that inner suburbs in the 4-10km range continue to remain steady around the 3% mark rising in June to 3.2% […]

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Pet House

Australian’s love their pets. Pets outnumber humans by a ratio of 3:2 with over 60% of households owning one or more. This begs a tricky question for landlords, do you allow tenants to keep them? In Victoria there are no specific tenancy laws governing the possession of pets. However, landlords can negotiate further provisions for […]

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The Real Estate Institute of Victoria recently collated their latest data regarding the status of our rental market. Here is a summary of those facts and figures: Metropolitan Rental Market The vacancy rate across metropolitan Melbourne was largely stable during the September quarter, increasing from 1.9% in the month of July to 2% in September. […]

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Don’t let property management language confuse you. We have compiled a list of the most commonly used terms and their definitions. Tenancy Databases – contain information about the renting history of certain tenants. A landlord or estate agent can pay a membership fee to access a database when choosing a tenant. As a member, they […]

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The latest July rental vacancy rate figures from the Real Estate Institute of Victoria show the availability of rental homes in Melbourne is continuing to improve. For the first time since August 2005, all parts of the metropolitan areas have a vacancy rate in excess of 2%. Melbourne’s overall rate increased from 2.2% in June […]

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Rental demand will remain strong

There is little doubt that Victoria’s population will continue to increase quite strongly over the next few years. The Victorian economy is in good shape, the major projects that are being undertaken around the State are bringing in large numbers of professional people who are on work contracts and many younger people coming to Melbourne […]

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