July Property Market Update
Article by Sinead Clarke Communications Manager propertyme 7 August 2024 Vacancy rates Vacancy rates slightly increased to 1.3% over the month of June with the total number of vacancies increasing from 35,641 in May to 40,486 vacant properties in June. Across the past 30 days, vacancy rate increases were seen in: Sydney, from 1.4% in May to 1.7% in June Mel...
Being a landlord in a competitive rental market
Being a landlord in a tight rental market requires a balance of maintaining strong business acumen and fostering positive relationships with tenants. Here are key strategies to help you succeed: 1. Understand the Market and Set Competitive Rents - Market Research : Regularly monitor local rental prices to ensure your rates are competitive. Overpricin...
One of the best investments you can make to your home.
Outdoor spaces have become increasingly significant in the design and valuation of family homes in Sydney . This importance is driven by several factors, including lifestyle preferences, health and well-being, and the overall enhancement of property value. Key Factors Influencing the Importance of Outdoor Spaces: 1. Lifestyle and Leisure : Family Activities : Outdoor spaces p...
Is downsizing your home the right option for you?
Downsizing or rightsizing your home in Sydney can be a strategic move for various reasons—whether you're looking to reduce maintenance, lower living costs, or simply want a change. Here are some key points to consider: 1. Evaluate Your Needs Space Requirements: Determine how much space you actually need. Consider your lifestyle, hobbies, and future plans. Accessibi...
Western Sydney Airport Getting Closer
25,000 Qantas flights to fly out of Western Sydney Airport Angira Bharadwaj | The Daily Telegraph A ‘game-changer’ for the region, Western Sydney airport will hit the ground running, welcoming more than four million travellers when it opens in 2026. Western Sydney’s new airport will welcome 25,000 Qantas flights per year when it’s up and running in late 2026. The new...
What is Land Tax
What is land tax? If you're a property investor with multiple properties or at least one sizeable property, land tax is an annual expense that you need to factor in along with insurances, maintenance and repairs, and other expenses. This is because land tax is calculated based on the value of the land that you own above a specific threshold. The value thresholds and when it is calculat...
Building Homes Where People Want to Live
Housing and rental affordability is a hot topic at the moment with the dream of owning your own home seeming less likely in today's market and rents rising as a result of increased immigration and less supply of new homes. Everyone has the right to an adequate standard of living. As some of the best minds in the property sector both public and private navigate their way to ...
Rental Property Newsletter 5
email: enquiriesparklandsre.com.au Ph: 02 7252 3754 Tips, news, and inspiration for the savvy property investor. How to Prepare your Investment Property for Summer As the days get warmer and lon...
Rental Property Newsletter 4
Tips, news, and inspiration for the savvy property investor [email protected] 02 97252 3754 How often should you replace things in your investment property? One in five Australians own an investment property, but only a third own two or more. If you’re looking to make your first and subsequent investment p...
Rental Property Newsletter 3
Tips, news, and inspiration for the savvy property investor [email protected] 02 97252 3754 Are professional photos worth it for your investment property? You only have one chance to ...
Rental Property Newsletter 2
Tips, news, and inspiration for the savvy property investor. www.parklandsre.com.au 02 7252 3754 What is a tenancy tribunal? And how does it protect your investment property? A tenancy tribunal is an independent body that...
Rental Property Newsletter 1
Tips, news and inspiration for the savvy property investor. What Should be Covered in a Property Inspection Report? Regular property inspections help you proactively identify any issues with your property before they turn into bigger costly problems. Not only can this save you money, but it keeps communication open between your tenants and eithe...