2015
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3
Property Management
In this issue
› ANZAC Day - Wagga Wagga 2015
› Swimming pool compliance
› 12 month rent comparison
› New staff member
ANZAC Day 2015
ANZAC day is one of the most significant days to
Australians. On this day, we remember the ANZACs who served at
Gallipoli and the Western Front. We also remember the Australian
servicemen/servicewomen who served and fought along the Kokoda Track
and Tobruk and those who served in Korea, Vietnam, Iraq and
Afghanistan.
PRDnationwide will be closed on ANZAC day (Saturday 25 April 2015) and
will not be conducting any open homes, or advertising on this day as a
matter of respect to the service personelle who fought for our country.
There are a number of key events in Wagga Wagga to pay respect to our
ANZACs. They are as follows:
ANZAC Day Dawn Service
Saturday 25th April 2015 6.00am
Cenotaph, Victory Memorial Gardens
Corners of Baylis Street & Morrow Street
ANZAC March
Saturday 25th April 2015 10.30am
March commences with procession moving down Baylis Street to the
Cenotaph, followed by a wreath laying service.
ANZAC Day Commemorative Games
Saturday 25th April 2015 1:00pm - 6:00pm
Gold coin donation
Robertson Oval, Fitzhardinge Street, Wagga Wagga
Sunset Service
Saturday 25th April 2015 5.30pm
Wagga Wagga RSL Club Memorial
Sources: Wagga Wagga RSL Club and
Wagga Wagga Australia (waggawagagaustralia.com.au)
Swimming Pools & Spas
The Law is Changing
Are you leasing a property with a pool or spa?
The law is changing from 29 April 2015
All properties with a swimming pool or spa pool that are leased
must have a valid swimming pool certificate or compliance.
This includes any property with a swimming pool or spa pool
that is on the market for lease at 29 April 2015. A swimming
pool certificate of compliance certifies that the pool and pool
barrier meet safety requirements.
Contact your local council for a Swimming Pool Compliance
Certificate. Locally with the Wagga Wagga City Council it is $150
to lodge the certificate and to have council attend.
Our Property Management Department will be in contact with
each Landlord directly should this affect your property/(ies).
For futher information visit www.bepoolsafe.com.au
Is your property currently available
for lease? or have your tenants given
notice to vacate?
Ask us how professional images,
newspaper advertising and
premium website exposure can
assist you with letting your property
sooner.
prdwagga.com.au
(02) 69233 555
Common Property Investing Mistakes & How To Avoid Them
Below are some common mistakes you should try and avoid when considering your property
investment.
Repaying debt indiscriminately
Trying to pay down all your different sources of debt simultaneously can be tempting. However, not all debt is
created equally. Certain types of debt come with benefits others don’t have – such as tax deductibility.
One option is to use your spare cash to only pay down your non-tax deductible debt. This could include personal
loans – such as those used to purchase a car or holiday – or debt used for your principal place of residence.
Forgetting about depreciation
Many property investors may not be maximising the tax depreciation deductions on their properties. This could
result in missing out on hundreds or even thousands of dollars of potential returns. This issue could be
remedied by seeking the assistance of a qualified Quantity Surveyor who will prepare a depreciation schedule
based on their assessment of your property.
Leaving rents to stagnate
What many investors often forget is that the rental market can move much faster than the property market as
a whole. This is why rents are often left to stagnate unchanged for several years. This means that by the time
investors realise they should probably increase payments, they may have to do so by $50 or $100 at a time – an
Easter Greetings and best
wishes from us to you.
We hope that you will be
relaxing and enjoying the
break catching up with
friends and family.
If you are on the roads
we wish you safe and happy
travelling.
amount that probably won’t be very well received by tenants. A better approach may be incremental adjustments
of $5 or $10 every time the lease is renewed. This is likely to be every 6 or 12 months, depending on the lease
period, and should be far more palatable for those on the receiving end of the rise.
Taking an inflexible approach
On the flipside, investors may inadvertently be losing money by clinging rigidly to their ideal rental asking price.
This inflexible approach may cause their property to remain vacant. If their desired rent is $500 per week, this
means that they are losing this whole amount for each week no one is willing to pay this much. By dropping the
amount by $20 or $30 dollars investors may convince a potential renter to sign on the dotted line. Instead of
considering this as a $20 or $30 loss, it could instead be viewed as a $480 or $470 gain.
Assuming you know where the value is
Investment decisions should ideally be made based on the potential for wealth generation – something you can’t
“just know” without looking at the metrics. These metrics include historical growth, local employment drivers
and unemployment rates, vacancy rates, yield and population growth, to name a few. These will provide a more
informed indication of whether a property will perform or simply provide a trendy postcode.
Source: www.realestate.com.au
Introducing Client Service Officer
Adele Hamer
Having recently joined our dynamic team, Adele brings with her a wealth
of invaluable property management knowledge, and both reception and
administration experience.
Adele possesses a high level of customer service and is enjoying her new role in
reception. WELCOME ADELE!!
IMPORTANT: This is not advice. Clients should not act solely on the basis of the material contained in this newsletter. Items herein are general comments only and do not
constitute or convey advice per se. Every effort is made to ensure the contents are accurate at the time of publication. Clients should seek their own independent professional
advice before making any decision or taking action. We take no responsibility for any subsequent action that may arise from the use of this newsletter.
prdwagga.com.au
(02) 69233 555