Property Management Update May 2015
In Adelaide, Elizabeth Park’s rental yield of 8.80 per cent was up from 6.70 per cent last year. Doreen in Melbourne produced a gross rental yield of 8.67 per cent, which was an increase from 4.57 per cent.
Where are the best rental yields nationally? Only one Australian capital city has failed to make an appearance in the top 50 suburbs producing big returns. According to CoreLogic RP Data statistics for March, Sydney was the only capital city not represented in the top 50 suburbs returning the largest rewards to investors. Brisbane suburbs dominated the highest rent-yielding list, with 18 producing top returns. Adelaide was not far behind, with 15 suburbs also making the cut. Hobart had eight suburbs in the top 50, Melbourne and Darwin three apiece, Perth two and Canberra one.
Darwin claimed the highest two rentyielding suburbs for March, with Zuccoli producing a rental yield of 14.55 per cent and Johnston 13.27 per cent. No data was available for Zuccoli in March 2014, but Johnston’s rental yield decreased from 15.38 per cent. Next was Gagebrook in Tasmania, which recorded a gross rental yield of 9.15 per cent compared to 9.4 per cent the previous year. Clarendon in Tasmania produced a gross rental yield of 8.87 per cent, which was a marginal increase from 8.09 per cent.
In Brisbane’s first appearance, the suburb of Bellara recorded a rental yield of 8.57 per cent, up from 5.53 in March 2014. Hillcrest in Brisbane produced a rental yield of 8.35 per cent, a rise from 5.74 per cent last year. Risdon Vale in Hobart recorded a gross rental yield of 8.26 per cent, up from 7.74 per cent. The Adelaide suburb of Elizabeth South rounded out the top 10 highest rent-yielding suburbs in Australia. It produced a gross rental yield figure of 8.09 per cent, up from the 7.03 per cent recorded in 2014. Sources” CoreLogic RP Data and rpmonline.com.au
Have you got your Tax Depreciation Report? Every investment property owner needs a capital allowance and tax depreciation report. As a building gets older and items within it wear out, they depreciate in value. The ATO allows property investors to claim a deduction related to the building, plant and equipment items contained within it. Any landlord can claim depreciation. This deduction essentially reduces your taxable income. There are usually thousands of dollars to be claimed in depreciation deductions on any investment property. Benefits for investors claiming tax depreciation include: 1. More money in your pocket at tax time 2. You can adjust your previous tax returns – get your money back from the ATO 3. The fee for a tax deprecation report is 100% tax deductible With End of Financial Year fast approaching, ask your First National property manager how you can get yourself a report.
196 Kesters Road Para Hills STEP INSIDE - IT'S BEEN REFURBISHED THRU-OUT!
4 bedrooms Well equipped kitchen with dishwasher Separate living plus a further family room 2 updated bathrooms Undercover Outdoor area In-ground swimming pool Easy care gardens $330 per week $1,980 bond
the building's overall thermal performance retains that heat in winter". This means setting up a home so that daytime heat emanates throughout the home, and remains inside so that it keeps your interiors warm when it cools down outside.
Perk up with passive heating As temperatures fall for autumn and winter, we'll all be looking for ways to heat our home efficiently, whether it's a rental apartment or a family home. One solution to big power bills could come in the form of passive heating, enabling you to snuggle up a bit more comfortably while still avoiding astronomical bills. So what is passive heating, and how do you install it in the home? It's a trap! Not a trap for you, of course, but for the heat that enters your home. The Australian government's YourHome website says passive solar heating is something that can "let in winter sun while ensuring
How do I do it?
Recently Leased MAWSON LAKES 26 Coventry Cres 3 bed 2 bath 1 car $355 pw PARA HILLS 9 Phillips Ave 3 bed 1 bath 6 car $315 pw
One important aspect is making sure that blinds on the north-facing daytime living areas in your home are able to let sunshine in. The right glass and glazing is also important, as it can let the heat in, but won't let it escape.
POORAKA 8/115 Royal Ave 2 bed 1 bath 1 car $250 pw
At night, close all your curtains to minimize heat loss.
WALKLEY HEIGHTS 9 Orange Grove 4 bed 2 bath 1 car $325 pw
One top of this, you need to fix up any cracks or draughts in the home. These let heat escape, defeating your home's passive work. Insulation also helps to trap the warmth, but is slightly more expensive. For more information and useful tips, download our Energy Efficiency Guide from firstnational.com.au
SALISBURY 5/28 York Tce 2 bed 1 bath 1 car $210 pw
WYNN VALE 8/103 The Golden Way 3 bed 1 bath 1 car $275 pw Do you have another investment property we don’t manage? Ask us why you should consolidate your portfolio with Taylor’s First National.
How to pick a good tenant
When you're looking to invest in real estate to rent, one of the things you'll need to think about is choosing tenants. While your First National property manager will make a recommendation, the final choice is ultimately yours. It's important to fill your vacancies quickly, but often it's equally important to choose the right tenants to suit your property. After all, you don't want to be dealing with unreliable payments - or even damage! Here a few things to keep in mind in the process. Who's your target market? The first element we figure out is who is your
target rental audience. We consider your property's physical features and where it's located. For example, a spacious suburban villa will likely appeal to a different type of tenant than a slick apartment in the centre of town. We make sure we mention your property's best features in adverts. Attracting the right applicants lays a good foundation and takes some of the legwork out of the screening process. If there are schools and parks nearby, we can start narrowing your advertising to families, while an abundance of restaurants and cafes in the surrounding areas could attract a younger set of prospective renters.
Enlist some help Choosing a good tenant isn't always a sure thing, but our screening processes sift good tenants from a bad ones. It's useful to have our experience and knowledge on your side when you're considering applications. A property manager does this legwork for you, as well as giving you handy hints about setting the right rental price. They check references & delve deep into the prospective tenant's
previous rental properties. Multiple references on a tenancy application allow us to speak to past landlords and property managers. This can alert your property manager to any issues and confirm the renter's reliability in paying rent. However, no matter how thoroughly your property manager screens a tenant, renting can be unpredictable so landlord insurance is recommended.
Can I manage my rental?
If you're considering managing your own investment property, it's vital that you familiarise yourself with the specific legal rights and obligations of landlords and tenants in your state. These regulations may change frequently, so staying up-to-date
should become a regular part of your routine. First National Real Estate can assist you with your responsibilities as a landlord. Visit firstnational.com.au and explore the wide range of resources available.
Download a FREE copy of our Property Investment Guide and explore the Real Estate
Guides section of our Resources menu. We put you first.
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
ANGLE PARK 5/280 Days Roads Neat and Tidy 2 Bedroom Unit! Located close to Regency TAFE plus public transport this downstairs 2 bedroom unit is currently leased at $227 per week. Comprising of 2 bedrooms master with wall unit air conditioner, living area, updated kitchen with gas freestanding stove and tiled flooring, reverse cycle split air conditioning, Central bathroom and front security screen door. A single carport is also provided for the resident.
Jakub Ratajczak 0448 114 454
$165,000 - $175,000
SALISBURY 8/24 Fleet Street Modern Contemporary Living Built in 2009, by RossDale Homes, this 3 bedroom townhouse many features include, large formal lounge, huge master bedroom with en-suite style 2 way bathroom, modern kitchen, meals and second living area, tiled laundry and 2nd toilet with wash basin, linen press and desk area, split system reverse cycle air conditioning, carpet to bedrooms and floating floors throughout main traffic area, pitched roof u/cover entertaining area, secure c/port with r/door, good size fully fenced rear yard, safe for kids and pets, low maintenance garden. Currently leased at $295 p/wk.
Gavin Armstrong 0408 802 350 $259,000
Published on Jun 9, 2015