If your investment property is an apartment or unit, body corporate fees are one of your ongoing expenses. In newer developments, these fees will often be higher to cover the maintenance of luxury amenities such as pools and gyms. But the modern luxuries aren’t the only things that a body corporate will pay for […]
What is Capital Gains Tax (CGT)?
By Sally Shaw in Blog with 0 Comments
What is Capital Gains Tax (CGT)? Capital Gains Tax (CGT) is a key area of tax that property investors should understand. While CGT may seem daunting, it’s not as bad as it may seem once you dig a little deeper. In this article, we detail CGT, including how to calculate it. CGT defined The CGT […]
What to look for in an investment property Searching for the right investment property can be a lengthy process. Not only do you need to think about your long-term wealth goals, but you need to make sure the investment property you buy will help you achieve these goals. In this article, we share six […]
The one principle that puts everything into perspective With the volatility seen in share markets this year, along with continued uncertainty in property prices, it could be easy to let fear influence your decisions when it comes to money and investing in 2020. While each recession has its unique catalysts, this year being no […]
How many photos does it take to prepare a condition report? Here’s a clue… Its HUNDREDS! You know, before a tenant moves into your investment property, we prepare a condition report to ensure that your tenant leaves the property exactly the same way they found it (with fair wear and tear, of course). But […]
Social Media Vs Reality
By Sally Shaw in Blog with 0 Comments
Social Media Vs Reality We all know that real estate agents get a bad wrap for all sorts of things – often things like driving flashy cars and wearing fancy watches. However, here at Property Wise, the reality is a different story! Most days you’ll find us racing from property to property, emails thundering […]
Key things to consider when you refinance With interest rates at record lows, it may be a good time to think about refinancing your mortgage. There are several advantages to refinancing including the potential for lower repayments, special refinancing offers and additional loan features such as an offset account which you don’t have with […]
What makes a successful property investor? There are 3 things I’ve noticed about the most successful property investors we work with. 1. They plan. 2. They work with professionals. 3. And they’re not afraid to spend money. Let me break this down for you. Property Investors Plan. This means that before they buy an investment […]
3 Tips for Getting the BEST Rent Prices on your Investment Property. Tip 1: Professionally edited photos. Get your Property Manager to organise professional (or professionally edited) photos. It’s not enough to use the photos you took on your phone when you first bought the house. It’s a tougher market out there, and you want […]
Rent arrears during Covid-19
By Sally Shaw in Blog with 0 Comments
Are you tenants in rental arrears? Rent arrears policies explained below! Here at Property Wise Launceston, we pride ourselves on having a very tight rent arrears policy. As you can see in our video below, we feel all great agents will have this type of policy. Often this will be called a “Zero rent […]