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Driving through the flood affected areas of the inner suburbs of Brisbane; it’s hard to fathom the water levels at the peak of the flood. Residents, the community and council have worked tirelessly to clean the debris and dirt to such an extent that the unwary wouldn’t know there was a flood in most places. |
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There have been changes to the Residential Tenancy ACT (2010) that you should be aware of. The new laws apply to all NSW residential tenancies as of 31 January 2011. Where an existing lease is in place with a tenant, there is no need to replace the lease with a new one however, if there are any terms in your current lease that conflicts with the new laws, then the new laws will apply. |
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Westpac have released a report detailing the current conditions and future projections for different property markets in Sydney as of August 2010. Below is a brief summary of the report and for more information the full report can be downloaded from Westpac property market reports. |
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The decision to buy an attached dwelling (apartment or townhouse) is often based on; rental yield (if an investment), proximity to transport and public amenities as well the physical attributes of the property such as the condition, size and layout. Also importantly, the decision to buy an attached dwelling is often based on the value of the unit or townhouse relative to other properties. |
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- A guaranteed tenant for up to 12 years - so no vacancies - Often brand new properties - so good depreciation benefits - Repainted and recarpeted at the end of the lease (make good clause). |
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