Professionals cumulative total raised for the National Breast Cancer Foundation is now OVER $1,618,090. www.nbcf.org.au
Friday, June 10, 2011
Supporting A Wonderful Cause
Professionals cumulative total raised for the National Breast Cancer Foundation is now OVER $1,618,090. www.nbcf.org.au
Do You Need to Furnish Your Property?
In past times tenants were hard to find and anything extra to attract them was a bonus. But nowadays vacancy rates are at historic low points. So this is hardly necessary for a start.
Even if you do furnish your property, there is every chance the tenants may not find your tastes agreeable. Leaving the property vacant means that your prospective tenants will at least be wealthy enough to have their own furniture. And there won’t be the problem of replacing worn out items.
Yes, you can claim depreciation, but be aware that tired furniture can turn people off as well. So you might end up having to buy new furniture more quickly than anticipated.
There’s every chance, too, that tenants without furniture will also be more transient. This means additional letting costs and loss of rent in the downtimes. Whereas tenants with furniture will at least be motivated by the costs of moving to stay put longer.
The worst news is that the demand for unfurnished properties exceeds that of furnished properties. So why go to all the trouble of outfitting your property in the first place?
There are some exceptions to the above—holiday rentals and serviced apartments. In these cases you’ll want to have a professional manager overseeing the operations.
If you have a question about real estate, or would like assistance in locating a property, feel free to phone me, Noel Thompson Principal Professionals Logan Lifestyles anytime on 0418 517 525.
Even if you do furnish your property, there is every chance the tenants may not find your tastes agreeable. Leaving the property vacant means that your prospective tenants will at least be wealthy enough to have their own furniture. And there won’t be the problem of replacing worn out items.
Yes, you can claim depreciation, but be aware that tired furniture can turn people off as well. So you might end up having to buy new furniture more quickly than anticipated.
There’s every chance, too, that tenants without furniture will also be more transient. This means additional letting costs and loss of rent in the downtimes. Whereas tenants with furniture will at least be motivated by the costs of moving to stay put longer.
The worst news is that the demand for unfurnished properties exceeds that of furnished properties. So why go to all the trouble of outfitting your property in the first place?
There are some exceptions to the above—holiday rentals and serviced apartments. In these cases you’ll want to have a professional manager overseeing the operations.
If you have a question about real estate, or would like assistance in locating a property, feel free to phone me, Noel Thompson Principal Professionals Logan Lifestyles anytime on 0418 517 525.
Friday, June 3, 2011
How Government Could Expand Home Ownership
If there’s one thing apparent to all, it’s that home ownership numbers need to be boosted. The rental market is getting crowded, vacancy rates are falling, and the housing market needs a stimulus.
So here is an idea that bears thinking about. Why not allow first home buyers to be investors as well as owner occupiers? In other means, instead of requiring all first home buyers to move straight into their homes for at least the first 12 months, let them take renters on who could assist them with the mortgage?
This would allow young buyers to stay at home, while giving their parents a chance to fund their deposit and not see them under financial duress.
They could rent out their properties and build up enough savings that in 3-5 years time would allow them to take over the property itself and become true owner- occupiers.
They could even keep their tenants and use their first purchase as a stepping stone to secure a second property. This would put an extra accommodation into the national rent pool. Collectively, the first home buyers group would greatly expand and the Federal Government would save itself millions of dollars in housing subsidies in the meantime.
This plan would not only encourage home ownership, but it would also allow parents to participate in securing their offspring’s future.
If you have a question about real estate, or would like assistance in locating a property, feel free to phone me, Noel Thompson Principal Professionals Logan Lifestyles anytime on 0418 517 525.
So here is an idea that bears thinking about. Why not allow first home buyers to be investors as well as owner occupiers? In other means, instead of requiring all first home buyers to move straight into their homes for at least the first 12 months, let them take renters on who could assist them with the mortgage?
This would allow young buyers to stay at home, while giving their parents a chance to fund their deposit and not see them under financial duress.
They could rent out their properties and build up enough savings that in 3-5 years time would allow them to take over the property itself and become true owner- occupiers.
They could even keep their tenants and use their first purchase as a stepping stone to secure a second property. This would put an extra accommodation into the national rent pool. Collectively, the first home buyers group would greatly expand and the Federal Government would save itself millions of dollars in housing subsidies in the meantime.
This plan would not only encourage home ownership, but it would also allow parents to participate in securing their offspring’s future.
If you have a question about real estate, or would like assistance in locating a property, feel free to phone me, Noel Thompson Principal Professionals Logan Lifestyles anytime on 0418 517 525.
Subscribe to:
Posts (Atom)