NOVEMBER 2023 NEWSLETTER
A WORD FROM OUR SALES MANAGER Another month has gone by and 2023 is coming to an end, with a cautious sense of optimism out there amongst the general public and a more positive outlook from those in the know of what’s to come in real estate for 2024! The month of November was yet a...
SHOULD YOU BUY AN APARTMENT, TOWNHOUSE OR HOUSE?
As cities become more built up, the range of dwelling options available to property investors continues to expand. For most investors in the market for a new property, you’ll typically be choosing between an apartment, townhouse or house. Each option has upsides and downsides, and t...
HOW TO HANDLE MAINTENANCE REQUESTS FROM YOUR RENTERS
Maintenance and repairs one of the most important aspects of being a rental provider. If things such as leaky taps and faulty appliances aren’t fixed in a timely manner, it can damage the relationship with your renters and cause more costly issues in the future. Establishing a proce...
THREE WAYS TO MAKE MORE MONEY FROM YOUR INVESTMENT PROPERTY
A quality investment property in a great location sets the foundations for success when you’re a rental provider. Not only will your property lease faster than less desirable properties, but the capital growth can also make for a nice nest egg in the future. In the meantime, there a...
MAKING CHANGES TO RENTAL PRICE?
When should you reduce the rent? As a savvy property investor, one key factor contributing to your success is maintaining a profitable rental portfolio. However, there may be circumstances that call for a careful evaluation of the rent you’re charging and, in some cases, reducing t...
MANAGING MOULD IN YOUR INVESTMENT
Managing mould in your investment property As a property investor, one of your key responsibilities is ensuring that your investment property remains in a habitable and safe condition. One common issue that can arise in rental properties is mould. Not only can mould cause damage to your ...
AUGUST 2023 NEWSLETTER
A WORD FROM OUR SALES MANAGER The month of August has been and gone, and for the second month running the RBA had put a hold on interest rates bringing welcome relief to mortgage holders and home buyers alike. Hopefully this trend will continue as we approach the Spring months, and...
STRATA MANAGER vs. PROPERTY MANAGER
The difference between strata managers and property managers If you live in or have investment properties in an apartment building, you’ve likely come across both strata managers and property managers. There are key differences between strata managers and property managers, and i...
UNLOCK THE POWER OF YOUR SUPER?
Using your super to buy an investment property Investing in property is a wise vehicle for long-term financial security and potential capital growth. For many Australians, their superannuation is their largest asset, so you may be considering using it to invest in property. Using your su...
JUNE 2023 NEWSLETTER
JUNE 2023 EOFY NEWSLETTER This past financial year was packed with a little bit of everything!! Real estate was extremely buoyant later in 2022 with low interest rates, plenty of people buying and to a degree, a shortage of stock. Prices were heading northward and buyers had FOMO there fo...
IS YOUR PROPERTY AT RISK?
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 ...
GET READY FOR WINTER
5 Ways to Prepare your Investment Property for Winter Winter is right around the corner, and with that comes a range of tasks you should complete to ensure your investment property is ready for the cooler months. Throughout the winter months, it’s typically cooler, ...
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 l...
Depreciation on investment properties
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&rs...
MAY 2023 NEWSLETTER
A WORD FROM OUR DIRECTOR May has again been a really good month for our business and property in general throughout the Bendigo region. We have found really strong interest in updated and newer homes along with units and modern townhouses. There is still a slight glut in sub $500,000 price...
What happens if a renters damages your property when they move out?
What happens if a renters damages your property when they move out? The day is here — your tenants are moving out, new renters are secured, and your property manager is getting ready to do the exit inspection and release the renter’s bond payment. Everything’s going smo...
How to determine what rent you should charge.
How to determine what rent you should charge With rental prices rising, you may be wondering whether you’re still charging the right amount and if you should change this when the time comes. While markets in capital cities and regional locations have experienced significant growth ...
APRIL 2023
A WORD FROM SALES MANAGER The month of April was quite significant in that it was the first time in 10 months that the RBA decided not to increase the cash rate, meaning interest rates remained stable for the time being. This had an immediate impact on the local market, with the volume of activi...
What is a condition report?
What should your property condition report look like? Property condition reports are an important part of keeping accurate records about your investment properties. These reports are important, while allowing for fair wear and tear, it provides all parties with a record of the pr...
MARCH 2023 NEWSLETTER
A WORD FROM OUR DIRECTOR We’re rolling into the year now and we have noticed things have settled down a lot in the real estate sector. Although there was a slight increase from the RBA late last month, interest rates seem close to flattening out. More importantly people in gene...
FEBRUARY 2023 NEWSLETTER
A WORD FROM OUR SALES MANAGER After a tough end to 2022 where we witnessed property prices come off the peak from earlier in the year and time on market increase significantly, the good news is 2023 has started with considerable more movement and optimism. Consistent monthly interest rate rises ...
DECEMBER 2022 NEWSLETTER
A WORD FROM OUR DIRECTORS First and foremost, all of us at PH Property would like to wish everyone a wonderful Christmas and a super 2023! Wow!! What an interesting year it has been. We have had the busiest six months in memory along with major changes to the Residential Tenancy Act...
NOVEMBER 2022 NEWSLETTER
A WORD FROM OUR DIRECTOR Trends continued through November with consistent property sales, albeit there have been some adjustments with some property prices. There have been more properties coming on the market this month giving buyers a little more choice, we are very mindful of competiti...
OCTOBER 2022 NEWSLETTER
A WORD FROM OUR DIRECTOR Wow… two months until we hit Christmas. What a fast-moving year it has been for everyone. The Bendigo real estate market has slowed down like most parts of Australia after two years of pretty hectic times. What does this mean? In short, there has been ...
How often should you replace things in your investment property?
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 replac...
SEPTEMBER 2022 NEWSLETTER
A WORD FROM OUR DIRECTOR The year is flying by, and Spring is upon us. The Sales team have had the pleasure of listing some great properties. There is something for everyone, whether you're looking for a renovator to flip or large home on acreage. With interest rates on the rise another increase...
AUGUST 2022 NEWSLETTER
A WORD FROM OUR SALES MANAGER August turned out to be a strong month for sales in our office, which was a welcome sign compared to the previous two months that were quieter after interest rates rose for the first time in years. As you are no doubt aware, the sale market is in a period of transit...
JULY 2022 NEWSLETTER
A WORD FROM OUR DIRECTOR July has been an interesting month with rental team experiencing some great results in the later half. Enquiry level and properties leased double from July to June. Average rental price also increased by 2.1%. But the most amazing increase was number of application...
JUNE 2022 NEWSLETTER
A WORD FROM OUR DIRECTOR June has been a very interesting month in real estate. We have had some real changes within our government and the finance sector namely a second interest rate increase and a dramatic increase in inflation. We have seen another 50 point rise in interest which has been pa...
MAY 2022 NEWSLETTER
The month of May has come and gone, and the world of real estate is changing by the day. From a sales perspective, after such a positive and hectic period over the past 18 months, we are starting to see the signs of a cooling market – especially in major metropolitan areas such as Melbourne...
APRIL 2022 NEWSLETTER
Where has this year gone? We cannot believe Easter is over and done with! Huge congratulations to Bendigo Tourism with fantastic Bendigo Easter Fair. Lovely to see streets alive with activitiy. The rental market continues remain strong with vacancy rates still well under 0.3%. The sense of urge...
MARCH 2022 NEWSLETTER
We are continually achieving record months in both sales and property management which has kept our entire team busy. To add some interest to our daily routine we, like many, have been juggling COVID related issues and busy schedules which has made our office extremely busy (and fun) to kee...
FEBRUARY 2022 NEWSLETTER
The month of February was interesting in more ways than one. After a super hectic end to 2021 and an excellent January to start the new year, the question is now being posed… have we seen the climax of the market? Listings for the month were well up previous months, however sales decreased...
JANUARY 2022 NEWSLETTER
Well, we are off to flying start in 2022. With sales and rental teams hitting the ground running. Now that we’re in a new year, this is the ideal time to be speaking with your investment team about planning for maximizing your investment property this year. First speak with Property M...
DECEMBER 2021 NEWSLETTER
We hope everyone had a Merry Christmas and enjoyed the time off, we are so pleased that people were able to catch up for Christmas and other things over the holidays this year! It has been another interesting year for most people trying to deal with what seemed to be a repeat year with lockdowns ...