Which is the better property investment; a new or existin... Buying old Older properties are sometimes cheaper than new ones, depending on the location and condition of the...
Read more

Looking to invest?

The following advice is of a general nature only and intended as a broad guide. The advice should not be regarded as legal, financial or real estate advice. You should make your own inquiries and obtain independent professional advice tailored to your specific circumstances before making any legal, financial or real estate decisions. Click here for full Terms of Use.

Click here for Q & A about SMSF investment

Approximately how much rent per week will I get for my investment property?

You’ll need a real estate agent’s assessment for that. First National Real Estate has over 400 offices around Australia & New Zealand. Our real estate agents would love to give you an obligation free appraisal. Click here to contact one of our agents

Can you recommend where I should start looking for my investment property?

That’s easy!  Right here… First National Real Estate has over 400 offices nationally and our members are experts in their local areas. They have a wealth of knowledge in all facets of investment property and returns on investment (ROI).

Simply go to ‘search agent’ to start building your Investment Portfolio.

How can I pay off my investment property sooner?

First National Real Estate has lots of tips throughout this website, however, here are some fundamentals:
  • Get a Tax Depreciation Schedule annually to maximise your tax benefits
  • Talk to a First National Real Estate property manager for advice about what improvements you could make to obtain more rent
  • Pay your mortgage twice monthly, rather than monthly, to pay off your loan faster

Can I self-manage my rental property?

If you're considering managing your own investment property, it's vital that you familiarise yourself with the specific legal rights and obligations of landlords and tenants in your state.

These regulations may change frequently, so staying up-to-date should become a regular part of your routine. First National Real Estate can assist you with your responsibilities as a landlord.

Click here for more information on managing your own rental property.

What is included in a landlord’s ‘management agreement’?

Landlords are required to complete a management agreement, which engages the agent to manage the property on their behalf. This agreement includes:
  • Agency fees
  • Regularity and reporting of inspections
  • Details of payment to landlord
  • Level of expenditure and process in relation to maintenance/repairs
  • Notice required for cancellation of agreement
  • Rent reviews

Why is it worth using a property manager?

A property manager will be able to help organise your property so it is suitable for new tenants. Whilst the property is occupied, the property manager will make sure all repairs and routine maintenance tasks are carried out.

Finding the appropriate tenant can present challenges. Your property manager can set up an advertising strategy to target the right tenants, arrange an open house inspection, and sort through applications to present you with the best range of alternatives.

Property managers can also help you establish an appropriate rental price. They do this by researching nearby properties and balancing what you want with advice about what the market has the potential to deliver.

For further information, please click here for our Property Management Guide.

What is included in a rental property lease agreement?

A lease/tenancy agreement will be prepared that specifies the rights and obligations of the landlord, agent and tenant, and will include the following:
  • Rental payments;
  • Terms of lease/tenancy;
  • Requirements of the landlord clearly stated and obligations of the tenant fully outlined;
  • Details of how vacation notice must be given;
  • Rental bonds; and
  • Special conditions as presented by the landlord/agent and agreed by the tenant.

What is Tax Depreciation?

Every investment property owner needs a capital allowance and tax depreciation report. As a building gets older and items within it wear out, they depreciate in value. The ATO allows property investors to claim a deduction related to the building, plant and equipment items contained within it.
Any owner of an income producing property can claim depreciation. This deduction essentially reduces the investment property owner’s taxable income – they pay less tax! There are usually thousands of dollars to be claimed in depreciation deductions on any investment property.
There are many benefits for investors when claiming tax depreciation, some include:
  • More money in your pocket at tax time.
  • You can adjust your previous tax returns – get your money back from the ATO!
  • The fee for a tax deprecation report is 100% tax deductible.

BMT Tax Depreciation makes the process as easy as possible for investors, gathering all information and preparing the report with a turnaround time of 5-7 days from the inspection.

Click here for the BMT Tax Depreciation Calculator

What costs will I have to meet?

When you acquire a property, there are government charges by way of stamp duty and registration fees on the transfer of title and mortgage. There are also solicitor’s fees for the conveyancing of your property (and selling it if you decide to do so in due course).

Your First National Real Estate agent can assist you in the calculation of these costs.

Making sure you have the right real estate company managing your investment is vitally important. First National Real Estate can save you time and takes the hard work out of owning an investment property.

Click here to contact your nearest office

What is a property condition report?

This is a report that is compiled at the commencement of a tenancy, prior to your tenant moving into the property, and at the end of the tenancy.

The report outlines the condition of the property at the commencement of the tenancy and is also referred to when the tenant vacates, to ensure that the property is left in the same condition as when the tenancy began. A final inspection is carried out as soon as possible after the end of a tenancy, when the tenant has returned the keys.

The Property Condition Report is used at this final inspection and each item is checked off to make certain that the property is in the same condition as when the tenant took possession. It is at this inspection that any items that need to be rectified by the tenant are identified.
Results 11 - 20 of 60