Investor Newsletter April
LANDLORD MARKET UPDATE 5.04.2019
Jeanine has been awarded Beaconsfield’s number 1 Sales Agent by Rate my Agent 2019.
Kaye Charles has been awarded Beaconsfield, Upper Beaconsfield, Emerald & Cockatoo’s number 1 by rate my agent 2019.
Local ! Passionate ! results driven !
I hope this email finds you well. Over the past 11 years I have been servicing our landlords in regards to updated valuations, sales, advice and general information.
This publication is a monthly newsletter to my landlords, featuring updated information, recent news and real estate changes and any other info of which you might me interested in.
Feel free to email me back with any feedback on the content that you would like added or removed.
2.04.19. The RBA kept interest rates on hold again for the month of April, at 1.5%. The monthly report from the RBA does indicate that with the slowing economy the cash rate may need to be lowered during the year if no improvement is seen.
The RBA will be monitoring the federal budget and the oppositions budget reply. So watch this space for that.
Tax time is just around the corner so now might be the time to start getting things in order for this.
Don’t forget to prepare your invoices and paperwork for your;
• Capital works
• General maintenance
• Fee’s charges and ongoing costs for your investments.
Speak to your tax agents to ensure you are maximizing your return. If you need a recommendation go to Glen at Insight in Beaconsfield and tell him I sent you.
Current rental market
The sales market has shown a small level of improved buyer inspection in the past month with sales going through generally within the advertised range. Auction rates have been steady the past 3 weeks at around the 56%clearance rate. Days on market is still an average of 90days.
The rentals are still staying steady on the slow side. There continues to be a little less room for achieving over and above the market rent at the moment with the number of property choices for potential tenants to select from remaining higher than average.
It is holding steady though and so long as the rental meets market expectation then there remains a low vacancy rate in our area. We are still securing quality tenants both long and short term
Beaconsfield currently has 13 properties for lease advertised on real estate.com, mostly smaller homes and units and the one lifestyle property remains on the rental market.
Suburb data of the month. BERWICK
Considering a three bedroom house in Berwick as an investment?
Median price; $634,000
Median rent: $380pw
Rental yield: 3.1% approx.
Current rental demand: Average
Sales Manager | Licensed Estate Agent
Kaye Charles Real Estate
m: 0438 332 411 e: [email protected]
jeanine_presley_beaconsfield kayecharlesre Jeanine Presley
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The information in this website and the links provided are for general information only and should not be taken as constituting professional advice from the website owner - Kaye Charles Real Estate. KCRE is not a financial adviser. You should consider seeking independent legal, financial, taxation or other advice to check how the website information relates to your unique circumstances. KCRE is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by use of this website.