Building right …

Could reduce energy consumption by half, report shows! In other news this week, women lead the way in planning home ownership; and everything old is new again, as scientists find a way to turn wood into the building material of the 21st Century….

How to reduce vacancy in your investment property

We’ve had some great seasons in the rental market over the past few years, which has been such an opportunity for our investor clients.  However, over the years, we’ve also seen more difficult rental markets and we’d love to share our tips on how to minimize vacancy in your investment property:

  • Keep up to date on maintenance while you have tenants living in your property.

  • Schedule regular improvements and updates on your property. Remembering to do a fresh coat of paint and new floor coverings every 5  – 10 years (depending on the wear your property gets) and reserve some cash for more major renovations like kitchens and bathrooms.

  • Insist on your property manager using a professional photographer to take photos of your property for advertising. This will make your property seem really appealing when tenants view it online.

  •  Maximise the storage space in your property with built in wardrobes in bedrooms, large pantries in kitchen and any other areas that allow for additional storage.

  • Consider allowing pets in your property. If your property isn’t in a complex (like a townhouse or unit) and you have the ability to make decision about permitting pets, consider taking pet applications with tenancy applications, so that you can consider allowing pets in your property.

  • Look to the market for pricing guides.  Ensure that your property is priced appropriately in the rental market. Ask your property manager to provide you with a current market analysis for your investment property so that you can determine the appropriate rent for your investment. 

This article is for general informational purposes only and must not be taken as legal, financial or any other professional advice. We recommend obtaining advice specific to your situation before making decisions relating to your investment property and financial position.

Gender trends shifting in property market

Women across Australia are taking over the reins when it comes to the property market, new research shows.

Westpac’s annual Home Ownership Report* reveals that women are now significantly more likely than men to be considering a range of housing actions in the next five years (71 per cent vs men 61 per cent), including buying, investing, renovating and selling...

Read more

Building green to save money

Simple energy efficiency improvements in new housing stock can slash energy bills, cut Australia’s emissions by 10.8 million tonnes, and deliver comfortable and resilient homes, a new report suggests.

Read more

Wood: building block of the future

Engineers at the University of Maryland have found a way to make wood more than 10 times stronger and tougher than before, creating a natural substance that is stronger than many titanium alloys.

Read more

Lending down over Christmas

December lending data shows show a slight downward movement over the Christmas break, as consistent with other market activity.

Figures released this week by the Australian Bureau of Statistics show that the number of loans to buy established homes fell 0.3 per cent, while lending to buy new homes barely changed at 0.1 per cent. Loans for building new homes, however, dropped by 0.8 per cent.

Read more

Ooh la la! French Doors

The term ‘French doors’ describes a pair of doors, hinged to the door jambs and opening in the middle, without a column in between. Traditionally assembled from individual small pieces of glass and mullions, or frames, they can transform rooms, extending them outdoors.

When used in place of a window, French doors bring in extra light, as well as giving access to the garden or verandah. Inside the house, they not only extend the rooms visually, but can create an extra-large opening, for those times when you want to be able to make use of a bigger area.

Cork-operated moon lighting

The moon always seems to hold a fascination for people, young and old. So when we found a lamp that emulates it, we wanted to know more.

The Armstrong Light Trap Lamp by designer Constantin Bolimond is essentially an orb with holes that are plugged with corks, making it look rather like a satellite. When a cork is removed, the LED inside is activated; the more corks that are removed, the brighter the lamp glows. It runs on battery or mains power, so can be used anywhere you need a little moonlight.