Circumstances in people’s lives can change at any time. Sometimes this could mean the need to sell an investment property with a tenant residing in it. First, we need to determine whether the Residential Tenancy Agreement is a “Fixed Term” of a “Continuing Agreement” In either case the tenant may choose to vacate the property….Read More→
The first step could be to seek professional advice from a trusted source e.g. Accountant, Financial Planner or Broker. Once you decide to proceed you will need to have a guide as to how much you can afford to spend. Then you can start scrolling through Domain/RealEstate.com for a prospective investment. When you find a
Steps to take when Purchasing an Investment Property Read More »
Offer and Acceptance Once a price is a agreed the buyer will then pay .25% of that price as a “holding deposit”. This begins as what is referred to as a “cooling off period”, which is usually 5 days. During this cooling off period period the buyer should be completing their due diligence i.e. Pest
Needing to sell your property can happen at any time, the motivations for selling can vary. Seeking some professional advice early on can help you. Plan and implement a timeline to have the property at its premium best. It is difficult to know what to do and where to spend the money, you may have
Maximising your property’s value: simple upgrades that pay off Read More »
This house is approximately 10 years old and was a “knock down rebuild”. Our client purchased the property on 16/02/2021 for $750,000, purely as an investment. Since then, Arnold Property has had 2 tenancies showing attractive returns and depreciation allowances. The property is situated on a corner block on Wansbeck Valley Road with easy access
Arnold Property have managed this amazing property since 2021 with two very good tenants during that time. Whilst appraising this property we needed to consider how many properties were currently on the market for sale, there were many. Setting an accurate asking price was crucial. We were successful in achieving the average sale price of
Arnold Property have managed this investment property since it was built in 2006. This is the second time we have sold this property. It has a solid rental history, and all the maintenance has been kept up to date. When appraising this property, we were unsure of the impact a long driveway would have. The
This property was the primary residence for our client. Arnold Property leased the property in 2010, and the tenants stayed the whole 14 years. The landlords were advised to the market the property with vacant possession despite losing rental income throughout the sales campaign. We had a challenge to come up with a realistic price
We had been managing this Investment Property for our landlord client for years. Our property management done an excellent job. Main Road properties are never easy to appraise especially with an all night service station across the road. This property also was situated on 887 square meters of land with a fairly steep drop in
Created by Wridgways Buying a home is a big deal. Should you take the plunge, or continue renting? Here, we weigh up some pros and cons of both, so you get an idea of what works best for you. Pros of Buying 1. It’s yours There’s something about having the security of calling your
