1. Why a property manager is a good idea

    Why a property manager is a good idea

    New

    23 April 2016
    Author: REIWA President Hayden Groves

    Why a property manager is a good idea - reiwa.com

    With around 60 per cent of investment properties in Western Australia professionally managed by a real estate agency, there are many reasons to engage a property manager.

    Risk and responsibility

    Property management is more about managing the tenancy than it is about managing the property with the property manager’s main point of contact being with the tenant.

    Importantly, much of the risk and responsibility attached to the management process is carried by the managing agent.

    Residential Tenancie

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  • Maximising Tax Deductions

    As a general rule the following costs are deductible in relation to your investment property:

    • Council rates – This includes any fees which the Council has charged including garbage fees and general service fees.
    • Water rates – This includes quarterly charges as well as water excess fees.
    • Insurance – For building, contents and landlords insurance.
    • Interest – For both the main loan, which is typically 80% or 90% of the purchase price of the property and the shortfall loan, which is typically borrowed against the equity in your home.
    • Travel – Not for pre-purchase expenses or for travel
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  • Suburb of the Month – Balcatta

    Balcatta is a suburb of Perth, Western Australia. Its local government area is the City of Stirling. It is a primarily middle-class suburb made up of mainly Italian Catholic, Greek and Macedonian Orthodox families, as well as many families from other European Orthodox religions. It is also one of the largest suburbs in the northern part of the Perth metropolitan area. Much of Balcatta is a commercial and industrial area.

    History

    Balcatta’s name was derived from the Aboriginal words “Bal” meaning “his” and “Katta” meaning “hill”.

    The area be

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  • Suburb of the Month – Joondanna

    Joondanna is a suburb of Perth, Western Australia. Its Local Government Area is the City of Stirling. There is a Catholic church, St. Denis, in Joondanna, and a small Catholic primary school of the same name. Joondanna is named after a farm said to be owned by an early settler in the area.

    Joondanna Heights was the first declared township in the Perth Road District (now the City of Stirling) – the Government Gazette of 17 November 1939 described its boundaries as Balcatta Beach Road (now North Beach Drive, Tuart Hill), Main Street, Wanneroo Road and the City of Perth boundary (Green Stre

    ... Read more
  • More doors open for WA home buyers

    More West Australians will be able to achieve their home ownership dream after Housing Minister Terry Redman yesterday announced significant changes to Keystart lending criteria.

    In the metropolitan area, income caps have been lifted from $70,000 to $90,000 for singles; $90,000 to $110,000 for couples; and $110,000 to $130,000 for families. The property price cap has been lifted from $400,000 to $450,000 and the allowable debt level from an applicant has increased from seven per cent to 10 per cent

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  • Suburb of the Month – Tuart Hill

    Tuart Hill is a suburb of Perth, Western Australia.

    Tuart Hill is named after the Tuart tree (Eucalyptus gomphocephala) that once grew extensively throughout the area, especially around Dog Swamp. In 1914 the suburb name of Grenville was proposed as a name for the suburb by the Grenville Progress Association, but not accepted due to its likeness to Granville in New South Wales

    Events

    Since 1914, the Osborne Park Agricultural Society holds its annual show at Robinson Reserve in Tuart Hill. The show is usually held around the first weekend in December on Friday and Saturday and features displays

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