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How will the latest lockdowns impact Melbourne’s property market?

July 07, 2020Cameron Micallef

Melbourne’s property market is currently experiencing the largest decline out of Australia’s capitals, with fears that new lockdown laws could impact the market further. ...

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top 10 agents

1

Alexander Phillips

Year of Experience: 20

Support Staff: 3

Residential Properties Sold: 215

Total Value of Residential Properties Sold:

$ 522,477,791

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Have you experienced sexual harassment or bullying in the workplace?

Yes, I've been the victim of sexual harassment (15.8%)
Yes, I've been the victim of workplace bullying (21.1%)
No (63.2%)

Total votes: 19
The voting for this poll has ended on: April 30, 2020
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EVENTS
REBAWARDS Listready
Real Estate Business Awards 2020

The REB Awards is the benchmark of success in the Australian real estate industry. It reflects not only the business astuteness of the country’s leading real estate operators and networks..

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Landlords must pay money to make money, franchise boss says

28 April 2015 Elyse Perrau

Property managers who fail to convince landlords to invest in attractive utilities could see clients struggle in a low-yield market.  

Professionals chief executive Shane Kempton said now yields were under pressure, boosting rental returns is a key issue for owners of investment properties.

“We find rental properties with a high level of security are now much easier to lease and tend to have a higher rental return,” Mr Kempton said. 

“Therefore, rental property owners should ensure that, for example, the property has security doors and security window locks.” 

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Mr Kempton said installing a garage door into a property with a carport would also make it more attractive to prospective tenants. 

“Installing an air-conditioning unit as well as a dishwasher are two other key features that prospective tenants increasingly want in a residential property.

“Reverse-cycle air conditioning systems are the most popular with tenants because they allow for temperature control in summer and winter.”

Mr Kempton said the property should also be well maintained and a gardener contracted to maintain outdoor areas. 

“Rental properties with poorly maintained gardens are more difficult to lease and achieve a lower rent compared to similar properties with well-maintained gardens,” he said.

Mr Kempton said landlords can boost rental returns by leasing a property to a tenant with a pet.

“Pet owners will generally pay a higher rent and the landlord can request a pet bond from the tenant to cover expenses for any damage,” he said.

[Related: Furnished rentals reap rewards]

 

Landlords must pay money to make money, franchise boss says
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