In light of the recent heightened COVID-19 case numbers throughout NSW, new temporary measures have been put in place to support both tenants and landlords who are financially impacted as a result of COVID-19.
Specifically, these measures have been introduced to prevent financially impacted residential tenants from being evicted and to assist landlords who agree to renegotiate rent.
The latest information related to these residential tenancy support packages is found on the NSW Fair Trading website, while a summary is as follows.
In the current market we've seen an increase in the number of tenants wishing to end a tenancy before the end of a fixed term lease. This is often due to the tenants finalising purchase of a property to live in, a relationship breakdown, or some other change in circumstances.
In this article we discuss the misconception many tenants have around break fees, and our response to tenant requests to have the break fee waived.
In recent times we have seen an increase in online searches for information regarding whether a tenant is permitted to install security cameras in a rental property in NSW.
For all the of "less than clear" areas of NSW rental legislation, this particular question has actually been specifically addressed, although there are a number of conditions and a little research is required to see where!
We were very pleased to have been contacted by the Australian Financial Review to provide insight into the current rental situation outside the capital cities, as shared in this article.
The current rental market across Newcastle and Lake Macquarie is running hot. We have been writing for months now about low rental vacancy rates across Newcastle and Lake Macquarie and the impacts this has on driving house prices and rents upwards.
As in basic economics, as supply decreases and demand increases, prices increase with demand. The thinking of "my property is worth what someone will pay for it", while true, can have more significant consequences.
In this article we provide an overview from a property management perspective of what is happening right now for renters across the region, our frank opinion on the exploitative nature of some rental asking prices, and the impact this is having.
Rental Property Insurance, more commonly referred to as Landlord Insurance, is an essential in the property investor's toolkit. In this article we discuss what landlord insurance is, the approximate cost, and an indication of the most common types of landlord insurance claims.
Whether you're new to owning a rental property, or an experienced investor, it can be difficult knowing how to find the best real estate agent to manage your property.
In this article we discuss how to find the best rental real estate management in Newcastle, along with suggested next steps as you consider your options further.
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.