Vacancy rates were down in Sydney during the month of March, decreasing 0.4% to 3.0%. The largest drop was in Sydney’s Outer Ring where rates decreased from 3.5% to 3.0%. The Inner and Middle Rings both decreased by 0.3%, to 2.5% and 3.6% respectively. The Hunter region also saw a drop in vacancies from 2.1%.
The Federal Government has announced the Commercial Leasing Principles during the COVID-19 epidemic. This is a brief overview of what we understand they are: Purpose of the code The Code imposes a set of good faith leasing principles in relation to commercial leases (including retail, office and industrial). The Code applies to “eligible business” –.
After several weeks of negotiations between the Federal Government and the Individual State Governments it was decided to allow each state to set their own rules for Residential Tenancies during the COVID-19 pandemic. The NSW Government has passed its amendments and the following is a brief breakdown. New Changes Commenced on 15 April 2020. The.
The new residential tenancy laws came into play Monday 23 March 2020. In this second article of our 2-part series, we take a further look at what has changed and highlight some key areas of interest within the sections. To see all the changes, visit the NSW Fair Trading website*. New information to be disclosed.
On the 23rd March 2020, the new residential tenancy laws will begin. The aim of many of these changes is to reduce disputes over repairs and maintenance, increase protection and certainty for tenants, and clarify the rights and obligations of both tenants and landlords. Many of these changes apply only for all new tenancies and.
According to a review released in January, energy-efficient features add up to nearly 10% to a property’s value. The University of Wollongong review looked at research from 14 countries and included data from the ACT. This is the only Australian jurisdiction requiring sellers to disclose the energy-efficiency rating of their home. The review found a.
A question we’re often asked is whether to sell a home by holding an auction or by private sale…. Well it depends! Some argue the economical process of auctions are the best way to get the most competitive price, however others argue a private sale is better as there is room for negotiation. There are.
Thinking of diversifying your property portfolio? Commercial property might be an avenue worth exploring. Commercial property does offer some great returns and while commercial property leases do often take a bit of negotiation as there are more points to consider compared to a residential lease, commercial leases tend to be for much longer; in fact,.
Capital gains tax are three words no property investor likes to hear, but unfortunately, as an investor, it’s something you do need to consider. There is legislation you need to be aware of if you’ve lived in your property and then rented it out for an extended period. Current legislation for Australian residents living in.
“Wow, what an amazing property. We have to check that one out…..” These are the words every property vendor wants to hear! Every picture tells a story, or so the saying goes, and when it comes to pictures of your property for sale, you want it to tell a good one. Think about the buying.