In NSW we are endlessly presented mainstream media reports about the property market, heavily skewed by data from Sydney and Melbourne. The reality is that so much of what we are presented simply does not apply in our local area or regional areas generally.
In this post we present the latest data specific to vacancy rates across Newcastle and Lake Macquarie, and discuss research showing that people are relocating to regional areas away from capital cities, which is in turn helping to drive house price growth and these lower vacancy rates in regional areas.
A common topic of conversation with our investors is whether they should offer their property furnished or unfurnished. There are several factors which contribute to determining what is best in each particular instance, as we will cover below.
As of 1 July 2020, the rules have changed regarding how landlords must deal with items left behind in a rental property by a tenant. There are some quite significant changes from July to the rights of landlords and tenants when goods have been left behind, which we will detail below.
Finally, we are the ones getting new keys!
After two and a half years in our previous location in Kahibah, we are pleased to have relocated this week to new premises in Charlestown.
Conveniently located at 1A Chapman St Charlestown (click for Google Map), our new office is very easy to access from any direction and at any time, with off-street parking available out front.
Our new location is more suited to the needs of our visitors and our business, offering ease of access, more space within and significantly more natural light (!).
We look forward to welcoming our investors, tenants and suppliers to our new home.
We are often asked what happens when a tenant's fixed term lease period ends. In this post, we specifically address a number of questions relating to what happens to the tenancy agreement at the end of the fixed term (rather than discussing the rights and responsibilities of a tenant choosing to leave at the end of the lease).
Below, we will cover the following questions related to this topic:
In conversations with owners new to property investment, and with people who have chosen never to invest in property, we often hear this sentence: "What if the tenants trash the place?".
The feeling of apprehension and nervousness is understandable. No one wants to risk having something of value handed over to someone who will cause damage and disappointment. However, while the feeling is understandable, it is usually not justified.
The Federal and State Governments have recently announced the HomeBuilder grant, which offers eligible owner-occupiers (including first home buyers) a grant of $25,000 to build a new home or substantially renovate an existing home. The objective of HomeBuilder is to assist the residential construction industry to bounce back following the Coronavirus crisis.
While the grant is not available for use for renovation of an investment property, there are potential future benefits for investors who may choose to renovate their principal place of residence now.
Carnelian Property Management Newcastle NSW
We are a family-owned and run Charlestown real estate agent offering expert property management across Newcastle and Lake Macquarie.