Maintenance

July 10, 2020

How does the RBA influence interest rates?

When you hear news of changing interest rates around Australia, you’ll also hear mention of the Reserve Bank of Australia (RBA). But how exactly do they influence interest rates and what’s the difference between the cash rate and interest rates?  The Reserve Bank of Australia (RBA) The RBA is Australia’s central bank which oversees Australia’s monetary policy and issues our currency. The bank performs roles and functions which can affect the interest rate on your home loan. Owned entirely by the Australian government, the RBA manages […]
July 1, 2020

How to know which type of property is right for you

There are a range of different property options available but choosing the one that’s right for you can be difficult. With so many different dwelling types available and the options to buy an existing home or building a new one, it can be difficult to know where to invest such a large amount of money.  Buying a home vs building a new home While buying an established home means you know exactly what you’re getting, it can also mean you’ll have to spend on renovations and […]
June 26, 2020

Should I get a real estate agent to manage my rental property?

The services that we, as real estate agents, provide when managing your rental property aren’t just convenient for you as a property owner, they’re also very valuable. Renting out a property requires a high level of commitment and a lot of work. Here are some of the value-adds you can get by having a real estate agent manage your rental property.  Agents find suitable tenants for your rental property We’re able to help you avoid long periods of vacancy by finding suitable tenants for your property, […]
June 23, 2020

What investment costs are deductible?

While the rewards of property investment can be high, it doesn’t come cheap. Most investors will pay several thousand dollars per year in property management fees, maintenance costs, council and water rates, insurance and loan interest expenses while waiting for their asset to grow. Your rental income will cover a significant proportion of these expenses but tax deductions are very important too, especially if your holding expenses are higher than your income. Australia’s tax system provides generous tax concessions for investors and taking advantage of this […]
June 22, 2020

4 home maintenance jobs to complete in winter

The winter months provide the perfect time to start improving your home, especially if you’re planning on listing your home for sale during the busy spring season. The combination of harsh winds, cold nights and rain can damage both your garden and the exterior of your home without some maintenance. Keep your home in good condition with these four home maintenance jobs.  Protect your garden The winter weather can do a lot of damage to your garden but there are a couple of simple steps you […]
June 17, 2020

Should I get a strata inspection report?

Is it worth spending the time and money to get a strata inspection report before you make an offer on a property? We explain why a small investment in a strata inspection report could give you a lot of peace of mind.  What is strata and a strata inspection report? Strata schemes are those that allow you to become the shared owner of a property. When you purchase a unit, apartment or townhouse, you become the part-owner of common areas in your building complex. These common […]
June 10, 2020

What is a sinking fund?

A sinking fund is an essential pool of money established by the owners’ corporations to cover the costs of future maintenance expenses of a strata building. In a strata building, such as a block of apartments, there are a range of expenses which include the repairs and renovations to common areas that need to be planned for. The costs of these works cannot be imposed on any one property owner alone.   What exactly is a sinking fund? A sinking fund is designed to help owners’ corporations […]
June 3, 2020

What does a strata manager do?

You’ve heard of a strata manager, but what do they actually take responsibility for? And is their role the same as that of a property manager? While they might be similar, strata managers actually have a very complex role to play in managing a block of properties.  What is a strata manager? A strata manager has a very different role to a property manager. While a property manager looks after individual properties on behalf of an owner, collecting rent and acting as a liaison between owner […]
May 28, 2020

Four DIY property makeovers to liven up your home

Whether you’re looking to rent out or sell your property, or you’ve been planning to liven your home while you’re in lockdown, you don’t have to spend thousands on hiring professionals. Freshening up your home space has the ability to make your home feel differently, make it easier to interact with others, and improve the way you use your home. Here are four easy, DIY property makeovers to make your home more liveable and appealing.  Do some gardening When it comes to making our homes look […]
May 26, 2020

Dos and Don’ts of selling your home

When it comes to selling your home, there are a number of things you can do to help it appeal more to the buyer’s market. However, there are also things you can do that can work against you. Here are a few dos and don’ts to help you in the process of selling your home.  Don’t assume buyers will love your house Just because you love your home, doesn’t mean everyone else will. No one wants to buy a house that closely resembles someone else’s life. […]
May 19, 2020

Why you shouldn’t choose your agent based on the cheapest commission

While the agent’s commission might be top of your mind when you’re looking to sell your home for the highest amount possible, it shouldn’t be the reason you choose an agent. A lot goes into selling a home and no one understands that process better than a real estate agent. So, how do you choose an agent to sell your home? Discount commissions could mean cut corners The saying ‘you get what you pay for’ is relevant when it comes to choosing an agent. Those who […]
September 26, 2018

Podcast #16 – Landlord Smoke Alarm & Electrical Standards

  In this episode, we talk to Jacob Gschwandtner, Project Manager & Electrician at Dyno Electric. We talk about the smoke alarms and electric standards that landlords must know. We Cover: Why is electrical safety important for landlords? What is the most effective way to stop electrical harm from occurring? What amount of electrical work can landlords do themselves? What is a landlords obligation to supplying & maintaining smoke alarms? Any other electrical tips for landlords? You can reach Jacob Gschwandtner at: Email: projects@dynoelectric.com.au Phone: 08 7231 0361 Online: https://www.dynoelectric.com.au […]

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