Blog


Those who snooze for much longer may well lose!


There seems to be a lot of positives in the property market right now, giving the appearance that this could be a very good time to be a home buyer or to make the decision to become a property investor.   Changes in the property market are happening and we suspect there’s a lot more to come.   Interest rates have fallen, consumer confidence is rising, the banks are starting to lend more readily and auction clearance rates have been picking up. Furthermore, rental levels are rising in quite a few localities.   Sydney’s auction clearance rate is now averaging around 70% - well above what was happening last year and 60% at the beginning of the year.   Private sales on the East Coast and generally across Australia are rising and when you consider that the figures are from July, one of the quietest months of the year, it is obvious that sentiment has changed.   In WA, the state that has been in a five year depressed market, the rental vacancie...


Be aware: flexible braided hoses can cause major flooding


We recently experienced a major issue/problem with one of our rental properties. The tenant called about 9pm on a Sunday night to say she had returned home to find water was coming through the ceiling into the living area downstairs. We recently experienced a major issue/problem with one of our rental properties. The tenant called about 9pm on a Sunday night to say she had returned home to find water was coming through the ceiling into the living area downstairs. Fortunately, the tenant had the presence of mind to turn the water off at what she thought was the source and mopped the floor. A couple of hours later she contacted us again to say there was another leak and that this time she couldn’t stop it. A friendly neighbour helped her turn the water off at the mains, but so much water had escaped that it caused the ceiling to collapse. It also caused flooding to the adjacent townhouse. Significant damage   The lower level of the property sustained significant dama...


Ten Top Tips for Renters: How to get your deposit back


      Tenants coming to the end of their rental agreement undoubtedly want to get their rental deposit back at the end of their tenancy. Usually this a fairly substantial sum of around four weeks’ rent, representing a significant outlay especially for younger renters.   However, there can be situations where your landlord is able to keep a portion, or the total, of your rental bond. Luckily there are ways to avoid this from happening or to salvage as much of your bond refund as possible.   Here are 10 steps towards getting your bond refund.   1) Check your initial condition report before applying for a bond refund   Find the condition report provided to you by your property manager when you entered the house. This will quickly allow you to assess the condition of the house relative to when you moved in. Your property manager will be using this same report to determine whether they need to deduct funds from the bond.   Take the ...