Posts Tagged with Brisbane property manager
Posted by admin on 14 October 2011
New data on Brisbane’s rental housing market shows tenants are not moving as often, staying longer in their homes to save money. And it seems landlords are keeping a lid on rent rises to keep them there. Bees Nees’ Annie von Rudzinski says the Residential Tenancies Authority’s latest stats showed the turnover of tenancies is lower than during 2010.
“Tenants know that moving house is expensive and if their rent increases are fair they’ll stay put. The RTA stats show that over the past year Brisbane’s median rents rose just 4% and that’s been accepted by the market,” Ms von Rudzinski said. “Landlords have become more cautious too and many are reluctant to have an empty property. We saw the same conservatism during the GFC in 2008 and this means tenants currently have less pressure on them,” she said.
But the supply of rental homes is rising slowly and without new construction rents will increase again. “Across Brisbane the total rental pool grew by just 1,253 properties in the September quarter. That’s half the number we added in the June quarter – we’re just not bringing a lot of new rental housing onto the market.”
September’s RTA stats showed no increase in rents on the June quarter. A 3 bedroom Brisbane house rent remained at $390 per week while a 2 bedroom apartment is $380.
Tags: Brisbane housing supply, Brisbane property manager, Brisbane rents, Brisbane tenants, median rents Brisbane, property management Brisbane
Posted in Brisbane landlords, Brisbane's rental market | No Comments »
Posted by admin on 21 July 2011
Rents rose strongly in the June quarter, our median 2 bed apartment rising $40 to a record $580 per week. The downturn in international students at the start of 2011
had slowed the market but a resurgent corporate demand has seen us achieve some great results for landlords. The supply of rental homes in this postcode is slowly starting to rise again, but we’re still below the levels of 2 years ago. The CBD’s record rents are steadily encouraging tenants to look up the hill and, while affordability is affecting some tenants, Spring Hill landlords are benefiting.
Note: RTA stats quoted here cover all of postcode 4000 including Spring Hill and Brisbane CBD
If you would like a rental appraisal for your property just give our head of Property Management – Annie von Rudzinksi a call on 07 3214 6899.
For median rent information visit www.whatrentmyhome.com.au
Tags: Brisbane apartments, brisbane cbd rents, Brisbane housing supply, Brisbane property manager, Brisbane real estate agents, Brisbane rents, cbd rents, investment property, median rents Brisbane, property management Brisbane, Rental Market, rental supply Brisbane, Spring Hill property manager, Spring Hill Real Estate Agent, Spring HIll REnts, tenants Brisbane
Posted in Brisbane CBD, Spring Hill | No Comments »
Posted by admin on 21 July 2011
We like to use the 2 bed apartment rents as our benchmark and across inner-Brisbane they rose 4% in the 3 months to June 30th. Across wider Brisbane City they rose just 1% and there’s no doubt some pockets are witnessing stronger demand than others. Rents in Woolloongabba and Dutton Park area rose a very strong $40/week to $440, but local 3 bedroom houses dipped $20. So while the trend is up the market is still finding its way. There’s still some catch up on neighbouring suburbs happening and tenants are recognising the good value the suburb offers.
Note: RTA stats quoted here cover all of postcode 4102 including Woollongabba, Buranda and Dutton Park
If you would like a rental appraisal for your property just give our head of Property Management – Annie von Rudzinksi a call on 07 3214 6899.
For median rent information visit www.whatrentmyhome.com.au
Tags: apartments for rent woolloongabba, Brisbane apartments, Brisbane housing supply, Brisbane property manager, Brisbane real estate agents, Brisbane rents, Dutton Park property manager, gabba property manager, gabba rents, investment property, median rents Brisbane, property management Brisbane, Rental Market, rental market woolloongabba, rental supply Brisbane, rents in woolloongabba, tenants Brisbane, woolloongabba property manager
Posted in Brisbane's rental market, Dutton Park, Woolloongabba | No Comments »
Posted by admin on 18 July 2011
We like to use the 2 bed apartment rents as our benchmark and across inner-Brisbane they rose 4% in the 3 months to June 30th. Across wider Brisbane City they rose just 1% and there’s no doubt some pockets are witnessing stronger demand than others. Rents in this 4101 peninsula dropped $20 to $480 after a $30 rise in the March quarter. So while the trend is up the market is still finding its way. We added just 31 homes to the local rental pool in the June quarter, and while some new apartment projects are underway there’s good reason to expect rents to grow further.
Note: RTA stats quoted here cover all of postcode 4101 including South Brisbane, Highgate Hill and West End
If you would like a rental appraisal for your property just give our head of Property Management – Annie von Rudzinksi a call on 07 3214 6899.
For median rent information visit www.whatrentmyhome.com.au
Tags: Brisbane apartments, Brisbane housing supply, Brisbane property manager, Brisbane real estate agents, Brisbane rents, Highgate Hill property manager, Highgate Hill Rents, investment property, median rents Brisbane, property management Brisbane, Rental Market, rental supply Brisbane, South Bank Rents, South Brisbane property manager, South Brisbane Rents, tenants Brisbane, West End property manager
Posted in Brisbane landlords, Brisbane's rental market, Highgate Hill, South Brisbane and South Bank, West End | No Comments »
Posted by admin on 15 June 2011
Over the past couple of weeks we’ve surveyed tenants living in Brisbane’s inner city, asking them to rate the importance of 22 features of rental homes. Tenants were reminded that extra features in a home do cost them more in rent, so the survey responses are a collective ‘shopping list’ – the items they’d like to have as their budget affords. It gives landlords a better insight into buying and improving their investment properties.
The most important item in a rental home:
Outdoor living space. Even with a dose of cold weather during the survey tenants say they want an area to get outside. Balconies, decks and courtyards are a bit hard to retro-fit in your rental property but it’s food for thought when you’re buying your next one. And it follows that improvements you make to those outdoor areas, for example adding a roof over a deck or even some simple privacy screening, would be welcomed by your tenants.
Clean and modern:
You’d expect tenants to want a modern home and they do. Three of the top 7 features they seek relate to the condition of the home with “a modern home or one in great condition” scoring a close 2nd on their overall list. Tenants are prepared to put their hand in their pocket to have modern fittings. We regularly hear tenant feedback that rental homes need fresh paint, new carpets and other simple updates. As a landlord it can be hard to keep an eye on these things but they have a clear impact on your rental return.
And the features tenants won’t pay to have:
The wooden spoon goes to gymnasiums, closely followed by swimming pools. Those of you forking over big body corp fees to maintain these items might be feeling a little frustrated with this finding but it didn’t surprise us. We’ve been surveying tenants since the late 1990’s and both items consistently rate amongst the least important in a rental home. Buyers and re-sale interest in them might be another story.
If you’d like a copy of our full report for landlords just email info@beesnees.com.au and we’ll forward it on. How tenants choose their rental home’s location and plenty more info is included. Keep in mind the surveyed tenants mostly live in apartments in suburbs within a 5 kilometer radius of the CBD so the findings should be read in that context.
Tags: Brisbane property manager, Brisbane rentals, home renovations Brisbane, property management Brisbane, tenant marketing Brisbane, tenants Brisbane
Posted in Brisbane landlords, Brisbane's rental market, architecture and renovation, real estate marketing | No Comments »
Posted by admin on 15 April 2011
A new report shows Brisbane tenants are paying $10 per week more in rent.
Bees Nees Research Managing Director, Rob Honeycombe says Brisbane’s rents rose for both apartments and houses during the March quarter. Residential Tenancies Authority stats released today show upward pressure on rents right across Brisbane’s suburbs.
“People will point to the January floods as the reason for rents rising, and some heavily-effected suburbs did have spikes in their rents. A 2 bedroom apartment in St Lucia for example jumped $20 per week, with many apartments still damaged at the start of the University year. But other flood-impacted areas like Rosalie, Milton and Paddington actually saw a drop of $5 per week.”
“We’d argue the trend was already in place for increases to rents. Without new construction in recent years the market was always going to catch up and we now have a rental housing shortage. Brisbane tenants have had pretty flat rents for over 2 years but their rents are now definitely on the rise”.
A median 3 bedroom Brisbane house now rents for $390 per week, while a 2 bedroom apartment is $375.
“One clear impact of the floods was that unless tenants had to move, they stayed put. Turnover was lower than for the same period in 2010, especially in inner-city suburbs where there were 7% less new bonds lodged this past quarter.”
Tags: Brisbane apartments, Brisbane floods 2011, Brisbane houses, Brisbane housing supply, Brisbane property manager, Brisbane tenants, median rents Brisbane, Milton Brisbane, Paddington Brisbane, property management Brisbane, rental supply Brisbane, Residential Tenancies Authority, Rosalie Brisbane, St Lucia Brisbane, Toowong Brisbane
Posted in Brisbane landlords, Brisbane's rental market | No Comments »
Posted by admin on 21 February 2011
pic courtesy affordablefencing.com.au
If you can keep track of this legislation you have far too much spare time on your hands! We have to – it’s our job!
Since December 1st Queensland pool owners have new legislation to comply with to ensure their fences meet the required standards and are kid-proof. Eventually the rules will cover all pools but for now it’s only when you sell or lease your property – and yes this includes apartments and all buildings with shared pools. For the full details read our earlier blog post.
Late last year the government recognised that getting the required inspections and certifcates issued for all body corps was going to take some time, so they agreed we could sell or lease your apartment without a certificate – but only if we gave the buyers and tenants formal notices that there wasn’t one.
Now they’ve moved to include leasing of homes with “non-shared pools” (that’s house pools to you and me), admitting that the state’s building inspectors have a few things on their plate right now, plus we don’t want rental stock sitting empty waiting for certificates. So if you’re leasing your house with a pool you do not need a compliance certificate, provided you issue a notice advising that there isn’t one. If you’re selling your house and it has a pool you do need a certificate before you can sign a contract. This recent change is for leasing only.
At least that’ll be the case until July 8th, when it will all change again…
Tags: Brisbane landlords, Brisbane Property Management, Brisbane property manager, pool fencing laws Queensland, rules of renting, selling a house Brisbane, selling an apartment Brisbane
Posted in Brisbane landlords, Brisbane's sales market | 1 Comment »
Posted by admin on 26 November 2010
It’s not like you needed another reason to appoint a property manager to handle your Brisbane investment property!
A self-managed landlord at Greenslopes has had a black snake thrown at him by a cranky tenant. Facing court today the tenant pleaded guilty to assault, the incident occuring when the landlord issued another tenant a breach notice.
Turns out the snake was dead. It’s not known how far the landlord ran before he found that out…
Tags: Brisbane property manager, Greenslopes, investment property, property management Brisbane
Posted in Brisbane landlords, just for fun! | No Comments »
Posted by Rob Honeycombe on 25 October 2010
Australia’s rental marketplace has long had a reliance on small investors, but in recent years the number buying residential real estate in Brisbane’s inner city has been low. After the strong rental growth of 2006-2008 returns have leveled off and big capital gains aren’t considered a sure bet, at least in the short term. Finally the growing confidence from self-managed super funds may give investment property a much-needed new buyer group. One with a longer term view of returns.
Once considered an option only for the very rich, we’re recording more and more property sales to self-managed funds. These are often mums and dads with a decent but not massive sum in their funds, who are using the growing acceptance (and sometimes enthusiasm) from banks to fund a residential property purchase. Accountants and other advisers are learning more about the required structures, and despite tinkering from the government there’s increasing confidence in this as a way to leverage your retirement savings.
The set-up isn’t ridiculously expensive or time-consuming, the bank loan is limited-recourse, you can get some real diversity in your retirement fund and it gives you greater control over the asset’s management. Many of us know and trust real estate as an investment vehicle and directing some of this nation’s enormous superannuation reserves into housing can only be a good thing.
Worth a call to your adviser?
Tags: Brisbane property manager, Brisbane rents, capital gains, investment property, superannuation
Posted in Brisbane landlords, Brisbane's sales market, trends in Brisbane property | No Comments »
Posted by admin on 19 March 2010
Now this report comes as no surprise to us (probably most Brisbane property managers know all about it), but today we read a report about the Oaks Group, onsite managers for several of Brisbane’s inner city towers, letting out residential car spaces to inner city workers.
What’s surprising is the report mentioned nothing of the possible loss of income to landlords!
This practice is not only a breach of Brisbane City Council’s laws, but the Body Corporate Committee’s By Laws which state even tenants cannot privately rent their car space to a friend who works down the street.
Different buildings have different rules; some allow you to rent your space to another building resident, as this would mean the same amount of traffic to the building and no security breaches with non-residents entering the building’s secure environment.
We have spoken to some landlords who have their apartments managed by onsite managers and don’t even know that their apartment has been leased with no car spaces attached.
If there is a need for more parking in inner city Brisbane, it’s not the responsibility of the resident managers to fix the issue. Is their priority looking after their clients, or filling the needs of inner city workers? Buy a Wilson Parking business if that’s your passion.
Do you know of an incident like this?
Tags: body corporate issues Queensland, Brisbane Body Corporate By Laws, Brisbane inner city residential building, Brisbane onsite manager, Brisbane parking, Brisbane property manager, Brisbane resident manager
Posted in Brisbane CBD, Brisbane landlords, Brisbane's rental market | No Comments »
New data on Brisbane’s rental housing market shows tenants are not moving as often, staying longer in their homes to save money. And it seems landlords are keeping a lid on rent rises to keep them there. Bees Nees’ Annie von Rudzinski says the Residential Tenancies Authority’s latest stats showed the turnover of tenancies is lower than during 2010.
