Most investors have a story to share about their property and tenant experiences and have travelled the highs and lows of the market. However, there is more to successful investing than just buying properties. Following are five statistical indicators that smart property investors keep a close eye on when growing their portfolio. Demographics and people: Know how and why the general population does what it does, so you can have a greater insight into the...
REIV release 30 January 2019 Late last year the Andrews Government passed the Residential Tenancies Act. The new Act is the most comprehensive change to residential tenancies in 20 years. It is a very complex piece of legislation. It is very important to remember that the Act has not come into effect yet. This means the Residential Tenancies Act 1997 remains the law. The Government will be working with REIV and other stakeholders to develop a range of Regulations that sit alongside the...
Short-stay accommodation refers to apartments, houses and rooms rented like hotels and motels, through online providers. They can be booked for days or months. Legislative changes affecting short-stay apartments Changes to the Owners Corporations Act 2006 are being introduced to help prevent short-term accommodation apartment buildings being used to host unruly parties. Under the reforms – to come into effect from Friday 1 February 2019 – owners corporations...
