Tag Archive: rent

Converting Your Home to an Investment

Posted on November 15, 2013 by | 2 Comments
Shannon Molloy, deputy editor of Australian Property Investor Magazine, has posted a commendably detailed and informative article on-line on the above topic. Discover what the legal and tax implications are, he writes, when converting your family home into an investment property: Whether you’re taking off overseas for a holiday or new job, moving interstate or buying a new house elsewhere, it’s probably crossed your mind to rent out your current family home rather than sell...

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Renovating housing policy

Posted on October 20, 2013 by | 1 Comment
Housing policy in Australia is overdue for a major renovation. Government tax and welfare policies, by favouring homeowners and property investors over people who rent, are increasing the divide between Australians who own housing and those who do not. The divide is income-based and it is generational. While home ownership is stable or declining slightly in Australia, there are sharp falls in ownership rates among households with low incomes or aged under 45. This report...

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Rent all that’s left of shredded dream

Posted on October 14, 2013 by | 0 Comments
It’s a worldwide phenomenon called ”Generation Rent” – and it has landed in Australia. While the term is used internationally to describe the wave of people in their 20s and 30s who will never be able to afford to own homes, a report has found that permanent renting is becoming a way of life for Australians of all ages. Families, older people and young people are all increasingly being locked out of home ownership, says...

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Hosts may lose most by opening homes to holidaymakers

Posted on September 17, 2013 by | 0 Comments
Thousands of Sydneysiders are unknowingly risking fines by opening their homes as short term rentals without seeking council consent. NSW councils are grappling with how to manage the growing market for private short term holiday letting, which is expanding through social websites such as Airbnb. The City of Sydney has warned an individual could face a $750 fine for renting out their property without council approval. ”The City’s Local Environment Plan does not permit mixing...

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What renters want

Posted on September 16, 2013 by | 0 Comments
To get runs on the board, residential investors have to be able to identify in-demand rental areas. This isn’t as easy as it looks. Families who rent, older people and single and couple members of Generation Y want different amenities. And, because of affordability issues, tenants will favour some areas over others. If you’re looking to buy an investment property, it’s important to look beyond broad residential vacancy rates. For example, renters under the age...

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Rental Yields Fall In Fast-Growing Areas

Posted on January 25, 2010 by | 0 Comments
      The rapid increase in house prices in some parts of Australia has resulted in dramatic drop in rental yields in those areas according to a recent report by rpdata.com.One of the biggest surprise falls in rents occurred in the resource-rich mining town of Collinsville in North Queensland where housing yields fell by 2.4% from a yield of 9.1% a year ago to 6.7%. During the same period, median house price surged by...

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Tough Going For Northern Territory Tenants

Posted on July 4, 2009 by | 3 Comments
OPINIONby Tim O’Dwyer M.A., LL.BSolicitorConsumer Advocate watchdog@argonautlegal.com.au   Below is the slightly edited text of an email and attachment I received this week from a very distressed Darwin couple. I have referred them to local solicitors for legal advice, and to a television current affairs programme. “Dear Mr. Tim O’Dwyer M.A., LL.B, We have been reading the articles on the Australian Real estate Blog and we have several misconduct grievances against nationally-franchised Property Agents that...

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