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Monday-Friday
If you’re a property investor in Launceston, you’ve probably wondered how well you’re actually protected under today’s tenancy laws. The reality is that while the Residential Tenancy Act 1997 sets out clear rights and responsibilities, it doesn’t always protect landlords the way it once did. Real protection now comes from two things. Strong relationships and […]
The current rental shortage in Tasmania has created one of the toughest markets we’ve ever seen. Across Launceston and beyond, demand continues to outstrip supply, driving rental returns to record highs and leaving many tenants struggling to secure a home. At Property Wise Launceston, we’re navigating this climate with care, balancing strong investment outcomes for […]
Building insurance vs landlord insurance As the end of financial year approaches, it can be a great time to assess all your insurances and make sure you’re adequately covered. And for those insurances where you’re thinking of switching from a monthly to an annual premium to secure a discount, you can also make this payment […]
By Sally Shaw in Blog with 0 Comments
What is land tax? If you’re a property investor with multiple properties or at least one sizeable property, land tax is an annual expense that you need to factor in along with insurances, maintenance and repairs, and other expenses. This is because land tax is calculated based on the value of the land that you […]
Depreciation on investment properties As an asset with significant value, your investment property is subject to a range of changes each year that depreciate its value. The better you understand these changes, the smarter you can be about claiming back some of your investment property’s depreciation in your annual tax returns. And as a […]
How to grow your property portfolio With the new year in full swing, you may be planning what you’d like to achieve, including changes to and growth in your property portfolio. Whether you’re a seasoned investor or you’ve had your first investment property for a short time, growing your property portfolio can be a great way to build wealth. To grow your portfolio […]
What happens if my tenant stops paying rent? Having a dream tenant in your property is great. Everything is looked after as if it were their own home, and the rental payments always arrive on time. But what happens when your tenant stops paying rent? Hopefully, this isn’t a situation you’ll ever have […]
How to Prepare your Investment Property for Summer As the days get warmer and longer, there are things you should do to make sure your property remains in good condition throughout summer. Not only will regular maintenance prevent costly problems at your property, but it keeps the place in great condition so you can […]
How often should you replace things in your investment property? One in five Australians own an investment property, but only a third own two or more. If you’re looking to make your first and subsequent investment properties a success, you need to ensure you’re replacing and repairing things right on time. Proactive repairs and […]
What is a tenancy tribunal? And how does it protect your investment property? A tenancy tribunal is an independent body that deals with certain disputes between landlords and tenants. In each state, it is generally called a civil and administrative tribunal. The tribunal is designed to make legal decisions and help resolve disputes by hearing […]