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
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
We originally listed this investment property for sale in February 2020. The recommended selling price was $390,000 to $410,000. The property was advertised at $415,000. Unfortunately, we were unable to get a buyer. Just recently our landlords decided to put it on the market again. This time it was listed at $660,000. On this occasion
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
Weighing your options amid a challenging time. Owning a home is a huge personal achievement and a momentous milestone. Buying a house needs preparation and research because it is likely to be the most expensive purchase a person will make in their life. Buying a house is more than looking for ‘Home, sweet Home’; there
The Pros and Cons of Buying a House During a Pandemic Read More »
