Whatever the reason for owning interstate rental property, there are important risk management implications to consider. Terri Scheer Insurance encourages landlords to appoint a property manager who can give their
investment the hands-on attention it needs. Tailored landlord insurance is also worth considering. Even the best tenant can accidentally damage a rental property or suffer financial hardship that leaves them unable to pay the rent.
If a landlord is required to travel interstate to inspect tenant damage, the last thing they want is to pay for the cost of that damage from their own pocket. For further information, visit www.terrischeer.com.au or call 1800 804 016.
Proportion of Australian landlords who own rental properties outside their home state:
Of the 20% of Australian landlords who own rental property in a state other than where they reside:
• • • • • • • •
• • • • • • • •
Australian Capital Territory – 57% of landlords Tasmania – 50% of landlords Northern Territory – 39% of landlords New South Wales – 28% of landlords Western Australia – 27% of landlords Victoria – 23% of landlords South Australia – 10% of landlords Queensland – 9% of landlords
Source: Terri Scheer Insurance
2% invest in the Australian Capital Territory 51% invest in Queensland 14% invest in Victoria 12% invest in New South Wales 11% invest in South Australia 5% invest in Western Australia 3% invest in the Northern Territory 2% invest in Tasmania