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.

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 […]

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 […]

A reminder of nsw smoke alarm laws

Under the Res­id­en­tial Ten­an­cies Act and Reg­u­la­tion: Land­lords are liable for the fit­ting of smoke Detector in ten­an­ted prop­er­ties. Land­lords have a right to access to leased prop­erty to instal smoke alarms after issu­ing the ten­ant a min­imum of 2 days notice. Land­lords and ten­ant are, are not allowed to remove a smoke alarm or inter­fere it from working. […]

Property owners without adequate insurance could face financial ruin!

Prop­erty own­ers without adequate pub­lic liab­il­ity insur­ance could face fin­an­cial ruin if ten­ants or their vis­it­ors are injured on their rental prop­erty.  And the worst part about many acci­dents is that they could eas­ily have been avoided. Clas­sic examples of prob­lems that could turn into legal mine­fields include win­dows that do not have safety glass, […]

landlord/tenant relationship and discrepancy between the agreed rent

We recently came to the aid of a land­lord where the land­lord had ren­ted and man­aged his own prop­erty in Seven Hills to the same ten­ant for nearly 2 years. The ten­ant became aware that there was a dis­crep­ancy between the agreed rent and the rent stated on the RTA (Res­id­en­tial Ten­ancy Agree­ment), and as […]

Property Investor Newsletter April – May 2012

ATO land­lord tips that you may not have known! We do appre­ci­ate that the focus of every land­lord is to optim­ise their tax returns and max­im­ise their income. How­ever, be aware of when you can claim repairs and work on the prop­erty as a legit­im­ate tax deduc­tion. CAN YOU CLAIM THE COST OF REPAIRS BEFORE YOU […]

Property Investor Newsletter March – April 2012

REPAIRS, MAINTENANCE AND IMPROVEMENTS Many land­lords often ask, “What is the dif­fer­ence between repairs, main­ten­ance and improve­ments in rela­tion to invest­ment prop­erty tax deduc­tions?” So we have taken the time to research this inform­a­tion. What are repairs and main­ten­ance? When the ATO refer to ‘repairs’, they mean work to make good or rem­edy defects in, […]

seven hills real estate agent NSW
Cnr Federal Road Prospect Highway Seven Hills NSW 2147 Australia