Every business comes with essential admin and paperwork, and property investment is no different. Paperwork associated with property management comes in different forms. For instance, legal and compliance paperwork includes: Lease agreement Condition reports Inspection reports Safety and compliance such as pool fencing and smoke alarms Then there’s the financial paperwork. This includes the financials.
The value of new loan commitments for housing rose 6.3% to $31.4 billion in November last year, and the value of new loan commitments for owner-occupier housing rebounded 7.6% in November, according to the Australian Bureau of Statistics. For investors, the value of new loan commitments rose 3.8 %, reaching a new all-time high of.
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%.
