Seven Hills Real Estate and news for the local area

This blog is here to give you first hand local information about real estate and local issues in the areas of Seven Hills with a special focus on Toongabbie and Kings Langley.

Old Toongabbie Area Rental Market Update

You need to stay com­pet­it­ive! The rental mar­ket is def­in­itely still chal­len­ging in our mar­ket­place at the moment. There is a large amount of prop­er­ties for rent in the local vicin­ity and whilst we are in most cases get­ting groups attend­ing our open homes we are only receiv­ing min­imal applic­a­tions due to the choice ten­ants have, […]


Toongabbie Area Rental Market Update

The rental mar­ket this month has been sim­ilar to recent months no major changes,  just still incon­sist­ent with some prop­er­ties get­ting good turn outs at open homes and oth­ers not. Our team have achieved 17 new let­tings this month. Villa burnt down earlier this month One of our Prop­erty Investors and their ten­ants were given a […]


Repairs & Possible Outcomes If Not Completed In Timely Manner

Repairs & Pos­sible Out­comes If Not Com­pleted In Timely Man­ner Whilst we know some prop­er­ties in Seven Hills seem to have a never-ending run of repairs it is still very import­ant to know the import­ance of not com­plet­ing cer­tain repairs in a timely man­ner. Under the Res­id­en­tial Ten­an­cies Act 2010 and Res­id­en­tial Ten­an­cies Reg­u­la­tion 2010 […]


Long Term Tenant Property Investment Strategy

Never under estim­ate the value of a long term ten­ant to your Prop­erty invest­ment strategy! As we have entered sum­mer it is a reminder to all our Prop­erty Investors not to under­es­tim­ate the value of a long term ten­ant to the cash flow of your invest­ment prop­erty. If you have a ten­ant for an extended […]


Selling Investment Property to Tenants: Dos and Don’ts

Selling to ten­ants: a good idea or a big mis­take? I have had some land­lords ask me: “Should I sell my prop­erty to my cur­rent ten­ants? They have taken great care of the prop­erty and treas­ure it”. Though this may seem the rational thing to do, but will the ten­ants pay a premium price for your […]


Tenants Feeling Misled? The True Costs Of Self Managing Landlords

Some ten­ants are feel­ing misled by land­lords who are try­ing to max­im­ise their profit by hir­ing a real estate agent only to advert­ise their prop­erty, pre­fer­ring to self man­age from there on. As a land­lord, there’s noth­ing wrong with try­ing to max­im­ise your profit depend­ing of course on how you do it. You may feel that […]


Digital Antenna Changeover Update For Landlords and Tenants

As you are prob­ably aware, by the end of this year, Ana­log TV sig­nals will be switched off around Aus­tralia. This means that Aus­tralian TV will be broad­cast using digital-only sig­nals and to access this, your prop­erty will need to be digital ready or their ten­ants will lose their access to free-to-air TV. If […]


Got Mould In Your Property? Find Out How To Remove It Yourself

Got mould in your prop­erty? Here is a step by step guide on how to pro­fes­sion­ally remove it for good!   Mould detec­tion in your prop­erty is usu­ally by one of two means; visual or smell. It occurs due to mois­ture prob­lems and poor vent­il­a­tion and is detec­ted as a musty smell or on first appear­ance a speck­ling of […]


Alert Scam Letters “Non-resident landlord scheme”

Alert to Prop­erty Man­agers regard­ing scam let­ter headed “Non-resident land­lord scheme” Applic­a­tion to receive Aus­tralia rental income without deduc­tion of Aus­tralia tax We wanted to inform and warn you of a scam which is cur­rently being faxed to Real Estate Agents and land­lords. See let­ter below. It is in the form of a fax/letter appar­ently from The […]


Tribunal Concerning Lucretia Road Seven Hills NSW 2147 Australia

NSW Civil and Admin­is­trat­ive Tribunal (NCAT) NOTICE OF ORDER  julie@elderstoongabbie.com.au File No: RT 12/45196 (Quote in all enquir­ies)   Applic­a­tion to the Tribunal con­cern­ing Lucre­tia Road Seven Hills NSW 2147 Aus­tralia   Applic­ant  Mr WU Respond­ent  Name with­held   On 02-Oct-2012 the fol­low­ing orders were made:   1.         The ten­ant is to pay the land­lord, Mr WU, C/- Elders […]


I Can Find A Tenant Myself I Don’t Need An Agent? REALLY…? (Case study)

You’re prob­ably ask­ing your­self “Mmm…Will I save money put­ting a ten­ant in myself” In the short term maybe, but in the long run your tak­ing a gamble on one of your biggest assets. I can under­stand land­lords try­ing to save money, as costs are always going up and DIY is all the rage.   I was […]

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