Property Management Update Dec 14 / Jan 15
Australia’s capital cities performed. Sydney rents are up 3.5% over the year while home values rose 13.1%. Yields are 3.7%. Melbourne rents are up 2.5% over the year while home values rose 8.9%. Yields are 3.3%.
As we head into the Christmas season, we say thank you to the countless customers who have supported our growth, while we have helped them to manage or lease a property in 2014. This year, First National Real Estate launched an international award winning website in February, introducing extensive content to assist customers with their different journeys in real estate. Today, we are entrusted with the management of over $12 billion worth of the nation’s rental investment property assets; our network extends throughout Australia, New Zealand Vanuatu and Papua New Guinea, and our
‘national focus’ eMagazine reaches an estimated audience exceeding 1 million people monthly. Rental growth eases The rate of growth of rental prices continues to ease and is now rising more slowly than inflation. Annual growth is now at 1.8%. This follows large rises in capital city home values and a strong rise in the supply of newly constructed homes. Record levels of investor property buying have added to the national rental stockpile, slowing growth in the process. National wrap up As the year draws to a close, here’s how
Brisbane rents are up 1.3% over the year while home values rose 5.6%. Yields are 4.5%. Adelaide rents are up 1.5% over the year while home values rose 4.3%. Yields are 4.2%. Perth rents are down 3.1% over the year while home values rose 3.4%. Yields are 4.1%. Hobart rents are up 2.4% over the year while home values rose 4.4%. Yields are 5.4%. Darwin rents are down 0.1% over the year while home values rose 5%. Yields are 5.9%. Canberra rents are down 4.9% over the year while home values rose 0.9%. Yields are 4.2%. Short-term challenges Strata Title Owners Corporations are increasingly challenged by the rise
of short-term rentals. The rise of websites like Airbnb is causing tensions between permanent residents and short-term holidaymakers. Local councils determine the way a building is used but most Owners Corporations seem unable to find a solution to the two competing interests. Some Owners Corporations are calling for greater powers to enforce specific bylaws. Many wish to ban the practice of shortterm rentals altogether. Renovation rumble Former contestants of Channel 9’s The Block are said to be getting ready to go up against Channel 7’s former House Rules contestants In a new series called Renovation Rumble. Channel 7 leaked the news but Channel 9 refuses to confirm. Data Sources: Core Logic
15 Arcadia Dr, Smithfield
QUALITY 4 BEDROOM EX SHOW HOME! • • • • • • •
4 bedrooms, Master with walk in robe and ensuite bathroom, built in robes to bedrooms 2 and 3. Beautiful light filled family/dining & living area Gas kitchen with ample benchspace, Ducted Reverse Cycle Air Conditioning Alarm system Large laundry with built in cupboards Double Garage $300 per week $1800 bond
being overbearing, create privacy, and can shield people from the bulk of the sun. Bench press
Freshen your deck for summer As we enter summer, what better time could there be to spruce up your investment’s deck or patio area for your tenant’s enjoyment? It won't just make a pleasurable area for them; it'll make an enticing feature if you decide to sell at any point and helps retain a good tenant. Here are some easy, dreamy features to add to your deck. Making the deck di-vine If your deck has posts supporting it at the corners, why not dress these up with some evergreen vine covered trellis panels? They give your deck a touch of greenery without
If you have a small deck area, you could consider adding benches that are attached to the walls of the house, or to a low lip on the edge of the deck. They won't be intrusive and they'll function as excellent extra seating. Keep it pergolated Don't have a good cover for your deck? Try a pergola! They aren't just striking visual pieces; the slats provide good cover while also letting enough sun through. There are also other things you can do for your deck. Think about installing hammocks or planting trees nearby for shade. So, consider giving your deck some tender loving care this summer. You’ll add value, your tenant will love the results, and you’ll help secure your rental income for 2015.
CLEARVIEW 3 Main Pde 3 bed 1 bath 3 car $295 pw GOLDE GROVE 5/19-21 Caroline Dr 3 bed 1 bath 1 car $280 pw MAWSON LAKES 12/99 Elder Dr 2 bed 1 bath 1 car $260 pw SALISBURY EAST 9/110 Clayson Cres 2 bed 1 bath 1 car $185 pw SMITHFIELD 3 Oriana Crt 3 bed 1 bath 1 car $245 pw
Do you have another investment property we don’t manage? Ask us why you should consolidate your portfolio with Taylor’s First National.
Depreciation for renovations made easy
Investment property owners often miss out on thousands of dollars for two reasons: 1. They don’t know what depreciation entitlements they can claim for renovations or refurbishments to their property. 2. They don’t use a qualified Quantity Surveyor to prepare a Tax Depreciation Schedule (TDS). Here’s how to get your TDS right, first time around. Understand scrapping Scrapping is the removal & disposal of any depreciable asset from an investment property. When worn or old assets (like carpet & hot water systems) are replaced and scrapped, the owner of the property may be
entitled to claim the remaining depreciable value for the items being removed as a tax deduction in that financial year. Get a “before renovation” tax depreciation schedule Arranging a TDS before renovating saves time and money when making a claim. Get an “after renovation” tax depreciation schedule A second schedule is prepared after completion of the renovation, identifying the value of all new plant and equipment & capital expenditure within the property. The adjustments will be made to your TDS for a small adjustment fee & should not cost you as much as the initial
schedule. The new schedule will outline all the depreciation claims available for the life of the property (40 years). Only deal with a credible provider of tax depreciation schedules With over 16 years of Quantity Surveying expertise, BMT Tax Depreciation is the leader in providing ATO compliant & comprehensive TDSs for property investors nationally. BMT’s team of Quantity Surveyors meticulously prepares each schedule, ensuring you claim everything you
are entitled to. Scrapping is complicated & requires specialist expertise. By requesting a TDS, you know you’re not going to miss out on anything and your accountant will love you for it. To learn more about property depreciation, or to arrange a tax depreciation schedule call BMT Tax Depreciation on 1300 728 726.
What’s a condition report?
This is a report that is compiled at the commencement of a tenancy, prior to your tenant moving into the property, and at the end of the tenancy. The report outlines the condition of your property at the start of the tenancy and is also referred to when the
tenant vacates, to ensure that your property is left in the same condition as when the tenancy began. A final check is carried out as soon as possible after the end of a tenancy, when the tenant has returned the keys. The Property Condition
Report is used at the final inspection & each item is checked off to make certain that the property is handed back in the same
condition. At this inspection, any items that need to be rectified by the tenant are identified.
Property Management Taylorâ€™s First National manages one of the largest Property Management Portfolios throughout the North and North Eastern suburbs of Adelaide. We employ full time Property Managers, a Maintenance Co-ordinator, a Property Inspector, an Accounts Manager, a Sales Investment Consultant, plus administration staff and a full team of Maintenance Contractors to ensure all properties are managed in a professional manner. Our fully computerised and online banking system allows us to monitor where rents are paid to at the push of a button, hence ensuring landlords investments are returning their maximum potential. We are firm believers in the value of Real Estate as long term investment and through our guidance, many of our landlords are now multiple property holders. Whether you are investing in Real Estate for the first time, or are an experienced investor, we can assist you in building a rental portfolio and creating wealth through property investment. Why not PHONE US TODAY and speak to one of our property management team.
Are You Looking To Expand Your Investment Portfolio? Below is a selection of some of our properties currently on the market.
To view all of our properties, visit our website at www.taylorsrealestate.net.au
ANDREWS FARM 43 President Ave Offering an Easy Family Lifestyle This home is located in the middle of a thriving, developing community proud of its schools, parklands and amenities, offering an easy family lifestyle. Featuring separate lounge, gas kitchen, family room, split system air conditioning, three bedrooms, bathroom, outdoor entertaining verandah, roller shutters, well maintained backyard, carport, r/door, tool shed all situated on a corner allotment.
Tim Schwarz 0448 884 599
PARA HILLS 44 Rialto Ave Attractive 3 bedroom home with birs, well equipped kitchen, meals/family, formal living, gas heating and ducted cooling, double sliding doors lead to a verandah / patio outdoor entertaining area, fenced in ground swimming pool, dual driveways, a carport and garage, tenanted till end of July at $300 per week
Gavin Armstrong 0408 802 350 $285,000
Published on Feb 27, 2015