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ANNUAL MAINTENANCE CHECKS - HOW DO YOU SCORE?

Purchasing a property is often the most expensive asset that many people will invest in.  It provides the possibility of long-term wealth and financial security.  However, like any investment, you want to ensure that it is well-maintained and appreciating in value rather than depreciating. When purchasing a car you invest in ongoing maintenance, upkeep, replacement of items and regular cleaning, which is no different from owning an investment property – if not more...

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Auction Results Saturday 22nd and Sunday 23rd April 2017

A clearance rate of 78% was recorded this weekend. There were 585 auctions reported to the REIV, with 457 selling and 128 being passed in, 50 of those on a vendor bid. Vendors in Greater Geelong have experienced strong results under the hammer this year with auction transactions up 51 per cent on the same period last year and a clearance rate of 81 per cent. 

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Have you considered long term rental agreements?

IT MAY NOT BE FOR EVERYONE When landlords and tenants think of tenancy terms, it is generally 6 or 12 months.  However, have you considered a longer tenancy? For residential properties you can enter into a tenancy term for up to 5 years. While this may not be for everyone it can be a smart choice if: A tenant is looking for a long-term secure tenancy You are not looking to sell the property within the tenancy term You are wanting to reduce the possibility of increased wear and tear...

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