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.

That Is Not Accidental Damage It’s Wear And Tear!” Investment Property Accidental Damage VS Wear & Tear

Some land­lords in Seven hills and Toongab­bie have ideal­istic expect­a­tions that their prop­erty will stay in exactly the same con­di­tion at the end of the lease as when ten­ants first move in. The truth of the mat­ter is that, over time, wear and tear on a rental prop­erty will hap­pen. Land­lords should expect a level […]


Top 5 Renovation Improvements To Increase Investment Property Profit

Whilst investors are enjoy­ing the fruits of an extremely tight rental mar­ket at present, with his­tor­ic­ally low vacancy rates across all cap­ital cit­ies, (Espe­cially in Toongab­bie and Seven Hills) this is no time for land­lords to become com­pla­cent about the up keep of their invest­ment or over con­fid­ent about keep­ing their prop­erty occu­pied. Spend­ing a bit […]


WHAT TENANTS REALLY WANT

Here’s a list of the most com­mon cri­teria ten­ants have when look­ing for a rental prop­erty:         Close to shops, schools, trans­port & leis­ure areas eg: bike ways, parks Ren­ov­ated or improved and in very neat & clean order Heat­ing & cool­ing are fast becom­ing essen­tial items Space & light Off street and under cover car […]


SPRING CLEANING YOUR PROPERTY PORTFOLIO

Once a year all prudent investors should pull out the invest­ment scrap­book, clean off the dust and ensure that everything is as it should be. We’ve included the fol­low­ing tips of our own and also as read in an art­icle by Mar­garet Thomas found recently.   Here are a few tips as to what you […]


Standards Could Save You A Small Fortune, For Investment Property Owners.

Toongab­bie and Seven HIlls invest­ment prop­erty own­ers who ensure that their invest­ment prop­erty meets Aus­tralian stand­ards for build­ings could be sav­ing them­selves a small for­tune. Own­ers of invest­ment prop­erty have a legal respons­ib­il­ity to ensure that their prop­erty meets all cur­rent stand­ards. These stand­ards include the obvi­ous such as elec­trical wir­ing, smoke alarms, plumb­ing, but […]


Rental Reductions Under A Microscope

CPA Aus­tralia has advised Australia’s 1.5 mil­lion tax­pay­ers who own rental prop­er­ties that the Aus­tralian Tax­a­tion Office will be increas­ingly vigil­ant in audit­ing rental deduc­tions as rental losses to grow. The Aus­tralian Tax­a­tion Office plans to exam­ine 6,000 at-risk cases as well as unusual pat­terns of rental claims. Last year, the Aus­tralian Tax­a­tion Office sent out […]


BECOMING REAL ESTATE DEPRECIATION WISE

In terms of depre­ci­ation, what should you con­sider when mak­ing an invest­ment prop­erty pur­chase decision? If you are look­ing to pur­chase an invest­ment prop­erty, it is worth­while ask­ing your­self a num­ber of ques­tions. While many investors con­sider loc­a­tion, pur­chase price and ten­ant­ing abil­ity when con­tem­plat­ing an invest­ment prop­erty pur­chase, they often over­look depre­ci­ation as an […]


Are You Getting Strange Calls Late At Night? WHAT IS CLASSIFIED AS AN EMERGENCY REPAIR?

To save real estate own­ers time and money I have writ­ten this art­icle because of the amount of calls we get late at night by our ten­ants for EMERGENCY repairs to replace fly screens and inter­net con­nec­tions. If you are con­sid­er­ing man­aging your own prop­erty in Seven Hills or Toongab­bie, this is a must know […]


Stormwater Or Floodwater? Only Your Insurance Policy Knows, It Seems!

I know its spring but as investors we need to spec­u­late in to the future and look at worst case scen­ario. In the past tor­ren­tial storms and flash floods have had many investors in toongab­bie and seven hills scratch­ing their heads, try­ing to work out just what it is their insur­ance policy does cover in […]


The 7 deadly sins of investing in property

Investors them­selves often pose the greatest threat to their fin­an­cial secur­ity in times of uncer­tainty, which has released a list of the seven deadly sins for investors. The best strategy for investors in the cur­rent eco­nomic cli­mate is to stay calm. “Fear is a great motiv­ator but a bad guide,”. “People who act cool will […]


Should You Sell With Vacant Possession Or With A Tenant Still In Place?

You have decided, for whatever reason, that you need to sell your invest­ment prop­erty. Now comes the time to decide if you should sell with vacant pos­ses­sion or with a ten­ant still in place? Should you sell with vacant pos­ses­sion or with a ten­ant still in place? We look at the advant­ages and dis­ad­vant­ages of both […]

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