Tenancy and vacancy rates
MPTV April 2013, Hear Lauren Staley talk about Melbourne vacancy rates
Hire for attitude and train for staff
Before starting up Infolio Property Advisors i recall a conversation with a mentor advising me how the biggest obstacle a business owner’s often have is in dealing with their staff. I’m pretty sure at the time i blew this off in rather swiftly.. I mean we opened during the GFC for god’s sake – how [...]
Property advisors or Property investment advisors – what’s the difference?
I read an article recently in one of the investment magazines which was written with the aim of “improving the quality of advice” given by people in the property industry, the basic gist of the article was that approximately 80,000 professionals were directly and indirectly related to the property investment industry whom are not currently [...]
Vacancy rates at 3%, what does this mean for landlord’s?
Well for our landlord’s with property located in ‘inner Melbourne’ 4-10k of the CBD the vacancy rates are sitting at 2.6% which isn’t a whole lot better. Funnily enough 3% is supposed to equate to a balanced market but it generally doesn’t feel that way, particularly for our long suffering landlords who have seen rentals flatten for a number [...]
Tenant Do’s and Don’t s!
DO – be honest on your rental application DONT – request that the leasing agent meet you after 7pm when you finish work to sign the leases because you are too busy during work hours DO – come to your appointment on time DONT – assume we sit in the office all day waiting for [...]
Tips for submitting offers & understanding the agents prior offer procedures
As buyers agents we are often submitting offers prior to auction or within a private sale campaign and each agency has a different procedure for dealing with acceptable offers. It was only recently when we submitted an offer to a relatively new office in St Kilda who didn’t have a procedure for prior offers in [...]
Plan for profit!
We all know that the key to doing well from property is in the asset selection, but what makes a good asset, are all properties good properties? Why does one property outperform the other? These are very good questions and we believe there are some key ingredients to purchasing a property that will continue to [...]
When a million dollars doesn’t get you much
The Million dollar market. I remember a time when $1 million dollars seemed like so much money, only the rich could buy a house at $1 million dollars or more, but now we find ourselves at a point in time where in inner Melbourne you would be stretched to find an un-renovated home for less [...]
Insurance – income & home, what when & why.
What’s Your Biggest Asset? I’ll venture a guess… You would never dream of driving without insurance, right? And your home and its contents are covered? I thought so. Yet, every day as a financial planner, I encounter people who insure their homes and cars but fail to realise their biggest asset is actually their ability [...]
‘Finance Tips for First Timers’ – Tip 4
At the Kearney Group, we believe there is no time like the present. We also believe you don’t have to have a whole lot of income, assets or investment experience to benefit from a little advice. While a long-term strategic plan will be necessary at some point, consider speaking to a financial planner who offers [...]
