Winter in Geelong may not bring snowstorms, but cold temperatures, heavy rain, and damp conditions can still impact your rental property.
Owning an investment property should be profitable and stress-free—but too many renter providers make costly mistakes that reduce rental income, increase expenses, and create unnecessary headaches.
With house prices in Melbourne projected to hit $980,000 by 2026, more Australians are looking for affordable alternatives—and Geelong is leading the way.
Owning an investment property is one of the best ways to build wealth—but self-managing your rental could be costing you more than you realise.
As the school year approaches, it’s the perfect time to get your home organised and ready for a smooth transition back to routine.
As the new year approaches, it’s the perfect time for renter providers to reassess their strategies and set their properties up for success in 2025. Whether you’re looking to increase rental income, attract long-term renters, or simply maintain the value of your investment, here are some actionable tips to help you maximise your rental returns.
The festive season is upon us, bringing joy, celebrations, and the perfect opportunity to make your property shine. Whether you’re a renter provider preparing for a new year or a tenant hosting holiday guests, here are some practical tips to get your property Christmas-ready and spread holiday cheer.
As we approach the warmer months, now is the perfect time to start preparing your home for the summer of 2024 and 2025. Whether you’re a homeowner or rental providers looking to keep your property in top condition, these tips will help ensure your property is summer-ready for you or your renters.
Doing your research on the area in which you’re planning to invest is paramount to maximising your rental return.
Some of the questions you might ask include:
1. What type of property has the highest rental demand in the market
2. Which properties see the lowest turnover of renters
3. Which times of year see the highest inquiry rates
4. What is the demographic of the majority of renter inquiries
5. What are the key property attributes people are looking for
It’s important to know this information when either investing or considering renovations so you can make better decisions as to where you invest your money and when.
For example, 2 bedroom units might have the highest demand and lease the quickest, however they might also have the highest turnover of renters, which in turn creates more vacancies and potentially wear & tear on your property.
If you’re planning to purchase a property or do a renovation, have a chat with our property manager, who can give you the best tips on what features local renters value most, the best yielding properties, average tenancy tenures and the best time to bring your property to market.
Is paying off your home or investment loan quickly a high priority for you? It seems there are new loans and investment strategies birthed daily. Although this may be an exaggeration, it does make sense to be educated in this regard.
By restructuring how you use your current bank account/s, credit card/s and home loan/s, you could possibly save yourself thousands of dollars, while reducing the term of your loan at the same time. Choosing to pay your mortgage payments weekly or fortnightly as opposed to monthly could have a dramatic impact on your loan. When was the last time you spoke with your bank manager, accountant or financial advisor? Staying in touch with them regularly to discuss your options could help save you time and money off your loan.
You may be looking to expand your property portfolio. It may be a surprise for you to learn that you have equity in your current home and/or investment property that can be used as leverage to purchase another investment property and increase your property portfolio? If this is the case, you may not be required to pay any out-of-pocket costs to purchase another should the equity amount be sufficient enough. When was the last time you had an appraisal on your property? You may be excited to learn that the value has increased.
Please get advice from your accountant/financial adviser before moving forward.