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What Gen Y wants
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For property investors, Gen Y’s preferences are a source of opportunities.
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The right investment
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Real estate property managers are often asked for their top tips on what to buy and what to do when buying an investment property. Here’s a list of the best from a leading REINSW property manager.
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Professional assistance can pay
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Do you own an investment property? If so, it’s a good idea to use the services of a professional when renting it out as trying to do this yourself could end up costing you both in time and money.
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Preparing for bushfire season
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If a bushfire is heading towards your house, should you evacuate or stay to defend your property?
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Do you have a holiday or short-term rental property?
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Holiday rental properties in Australia typically used to be rented by families, who would often come back for their holiday by the coast every year.
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Making units eco-kind
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Nowadays, houses are constantly being scrutinised for ways in which their impact on the environment can be reduced. But there are also lots of things that can also be done to make unit blocks more eco-friendly.
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At the right price
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In a world where we expect information to be at our fingertips, property sales data is still frustratingly slow and often unreliable. What will it take for data to catch up?
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Thinking about becoming a real estate agent?
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While there are some duties within a real estate office that do not require a Certificate of Registration, under the Property, Stock and Business Agents Act anyone performing the duties of an agent requires a certificate.
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Why list your property with a member of REINSW?
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For many of us investment in property is the most important financial decision we will make, so it's important to deal with a real estate agent you know you can trust.
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Good photography pays
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The old axiom 'a picture is worth a thousand words' is worth keeping in mind when you are promoting your property for sale.
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Going green can pay
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Installing water tanks, solar hot water systems or roof-top solar panels may involve a substantial financial outlay upfront, but over time they provide paybacks property owners.
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Hold your expectations in check
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Our advice is that anyone taking out a mortgage, particularly those on a weekly budget or buying their first home, should proceed with caution in the current, volatile, financial climate.
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Location makes perfect
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When REINSW President Steve Martin was asked what makes the ideal home, his answer was not that it should be modern and perfectly presented, that it should have lots of rooms, or that it should provide excellent opportunities to develop. Instead, his response was that the perfect home is the one that is in the ideal location.
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Is a sub-prime crisis heading our way?
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In the US, a melt-down in the US sub-prime mortgages market has seen a huge rise in loan defaults and fears the knock-on effect will push the economy into recession. With the ripple effect already spreading to the UK, is there any likelihood that the local housing market will be affected? The answer is ‘yes’ to some extent, and ‘no’ to it being substantial.
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The allure of a shift to the country
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Rising property costs in Sydney, including median house prices above half a million dollars and a severe shortage of rental accommodation, are prompting some to opt out of the rat race and move to regional NSW where housing is significantly more affordable and life less frenetic.
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The price of prestige
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How much will it cost you to live in a prestige property? If you were buying a home in the last three months of 2007, you wouldn’t have received any change from $12 million if your new home was to make the grade.
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How a property manager can help you
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Do you own an investment property? If so, my advice is to use the services of a professional when renting it out, as trying to do this yourself could end up by costing you both in time and money.
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Why auctions work
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There is no doubt about it, property auctions can be nerve-wracking. You have your heart set on your dream home, but others probably do too. This puts the sale day up there with all the other big days in your life, full of potential for both pain and pleasure.
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Getting on the property ladder
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Home ownership is something that countless generations of Australians have aspired to and is a part of our culture. We must make sure that today’s Generation X and Ys follow suit and not be discouraged by the floods of negative media stories about housing affordability.
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Be a pest controller
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They’re not nice to talk about, but any responsible house owner should be aware of a small but potent threat to a stable and harmonious home - termites.
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Buy now – it’s as good a time as ever
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Forget all the doom and gloom stories about interest rate rises, buying a home remains a canny investment.
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Climbing the property ladder
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The children are leaving home, the career is at its peak – this can be a golden period for couples as the years of hard work and self-sacrifice spent raising a family wind down and it’s time to reap some rewards.
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Coping with a deceased estate
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The grief and shock experienced when a loved one dies is often a time of tangled emotions and one that can become intolerable when disputes occur among family members over selling the real estate assets of the deceased.
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Doing up your home
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You have spent good money on an older-style property – a place with good bones – and now you want to do it up. What’s the best way you can achieve the look you want and be reasonably certain that your new design will add value should you wish to sell long-term?
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