Recent fire damage in a Newcastle rental property.
It may, or may not, come as a surprise to learn that landlord’s insurance is not compulsory in NSW. By choosing to not pay for landlord insurance you may think that you are saving money, but it’s a false economy. Here at Walkom Real Estate, our decades of experience … Read the full post »
It wasn’t so very long ago that the Australian dream was to own a quarter acre block in the suburbs with a Hills Hoist in the backyard. Most people had reasonable expectations that they would one day be able to own their own home. Apartments were for investors and young trendy professionals living in cities … Read the full post »
As tax time approaches, Australian landlords are urged to be proactive in preparing their rental property expenses and ensuring compliance with tax regulations. Recent reports indicate that incorrect returns have been rife among property investors, prompting the Australian Taxation Office (ATO) to implement stricter measures. The ATO has issued a warning that there will be a crackdown on … Read the full post »
There is no doubt that the Federal Budget handed down by Dr Jim Chalmers last month is a budget for the times we are living in.
Every winter season there is a spate of fire tragedies in suburban homes and sadly, this year has been no different. On average there are around 1,100 fires each year, from which there are approximately 100 fire-related injuries resulting. It can take as little as three seconds for a fire to take hold. As real estate agents, it’s our job to ensure that our landlords are meeting their legal obligations … Read the full post »
International students are slowly returning to Australia, and in some positive property news, it’s guaranteed to boost the local economy. In December 2021, the federal government reopened borders to eligible visa holders after two years of border closures forced by the covid pandemic.
The NSW State Budget for 2022 was announced on 21 June and included plenty to unpack for those of us in the real estate industry. We’ve done our best to break it all down for you.
Australians have just experienced the first interest rate hike since November 2010. Many homeowners have never had to face increasing mortgage repayments in the life of their loan, and with experts predicting that they’ll rise substantially more before they even out, you could be forgiven for experiencing some feelings of nervousness about your finances.
There is no question that it is a landlord’s market at the moment with record low vacancies and higher yields. This situation is expected to continue throughout 2022 despite the expectation that interest rates will rise before the end of the year.
Housing affordability in Australia is one of the biggest issues heading into this year’s federal election. First home buyers, in particular, are in a never-ending race, trying to save deposits, while watching house prices increase, making the prospect of buying a home ever more distant and unreachable. But it’s not all doom and gloom.