Research

Essential steps for achieving higher rental returns

Promoted by Rent.com.au

 

 

Achieving higher rental returns and securing the best tenants faster, is a step closer via rent.com.au’s via RentCheck, RentQuotes and RentReport services.

Rent.com.au, Australia’s Number 1 website dedicated to rental property, has crafted a suite of dedicated tailored service solutions for renters, private landlords and agents across the country, as it moves to creating a total rental marketplace and becoming the Home for Renting in Australia.

Consistently achieving record site visitor numbers including more than 700,000 unique visitors to the website in May, along with a continuing rapid increase in landlord listings, Rent.com.au allows landlords to list their rental property for free, access background  checks on prospective tenants and gain instant data reports, to assist with the competitive pricing of a property in the market.

According to Rent.com.au Founder and CEO, Mark Woschnak, appropriate due diligence and a more proactive approach to managing a rental investment property can significantly enhance rental returns and reduce time, financial loss and stress for all parties:

“Maximising rental property investment returns and securing quality tenants who are going to value-add to your property, can be vastly improved by being more proactive about the process, taking the time to conduct appropriate reference checks and obtain the data intelligence required for long-term success and sustainable outcomes.

“Upfront strategic planning. due diligence, strong communications and taking the time to understand the marketplace will make all the difference.”

“We are seeing an increasing number of private landlords registering on our site to access our suite of tailored product solutions such as RentCheck, RentQuotes and RentReports.

“Having comprehensive and reliable reference checking, property data and quotes prior to signing an agreement, will significantly improve a property investor’s chance to achieve higher rental returns and quality outcomes.

“The importance of background research, comprehensive national reference checking and effective communications between landlords and tenants is critical for decision making and I urge all private landlords in this country to utilise our one-stop-shop service solutions.”

Key Steps to Maximise Rental Returns:

  1. Free Landlord Listings – More Choice

In an effort to support Landlords seeking the best tenants Rent.com.au is offering landlords the chance to list their rental property on Rent.com.au for free, for a limited time.  If their property is not yet vacant, they are still able to register and put in an indicative future date and have the free listing offer extended to allow them to experience the benefits at a future date.

  1. RentReport: Know your Competitive Price

Savvy and intelligent prospective tenants are very much in tune with what the fair market rental amount should be.  Landlords who have any doubts about how much rent they should charge, or whether their property is correctly priced within the market, can access RentReport to help them price their property competitively against others in the market.

  1. RentCheck: Obtain Background Reference

A fast, affordable and comprehensive national tenancy reference service that removes the 'what ifs' from decision making. RentCheck is backed by Australia's largest credit reference agency, Veda, the whole process costs only $20 and takes only three minutes to complete.

RentCheck is essential to confirm tenants are not listed on a defaulting tenant database, or had negative court judgements made against them. This step is extremely important in helping landlords make the best decision and choose the tenant that best suits their requirements.

  1. RentQuotes – Immediate Property Management Quotes

This is a free online service for landlords who are looking to appoint a property manager. It allows landlords to obtain immediate and multiple property management quotes from local agents serving their area. 

 

Landlords can list their properties for free and obtain RentCheck, RentQuote and RentReports at rent.com.au.

 

NEWSLETTER
Be the first to hear the latest property investment insights
 

About the Blogger

Rent.com.au

Whether searching for a new place to live or looking for a tenant for your property investment, – rent.com.au will help you find the right place or the right tenant, quickly, efficiently and effectively.

Rent.com.au (ASX:RNT) is Australia’s leading dedicated rental property website and delivers a single marketplace for renters, agents and landlords.

Focusing exclusively on the rental market for Australia’s growing number of renters (approximately 7 million, or 30 % of the population), rent.com.au is today ranked one of the top 10 property websites in the country and is solely focused on delivering excellent services for renters and marketers of rental properties.

Rent.com.au is not a rental property manager. It accepts enquiries from all listers of rental properties, including real–estate agents, property managers, private landlords, developers, builders, retirement services and universities. By ensuring its wide availability, rent.com.au provides renters with the widest possible choice in one, convenient location.

The site also features a number of exclusive and industry-first product developments, including RentBond, RentConnect, RentCheck and RentQuotes, further assisting renters, agents and landlords to simplify the renting process.

As increasing numbers of Australians choose renting as a conscious lifestyle and investment choice, rent.com.au is set to become the home for renters in Australia.

Rent.com.au was established in 2007 by experienced property and new media entrepreneur, Mark Woschnak and listed on the Australian Securities Exchange in June 2015.

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promoted stories

podcast

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  string(72) "Mortgages in a tighter lending economy and why Brisbane is a good option"
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Tune in to the latest episode of Property Showcase, the podcast with the inside track on the products and businesses that will help turbocharge your portfolio, maximise returns and make your overall investment experience seamless and stress-free!

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To hear more about these services, make sure to tune in to this episode of Property Showcase!

 Make sure you never miss an episode by subscribing to us now on iTunes!

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Son Pham is the accredited Head of Mortgages at Rethink Financing\/Rethink Investing. He has over 6 years\u2019 experience writing loans, over 12 years in the wealth management industry working for the likes of CBA, AMP and private practice and he is also a licenced financial planner (AFSL 326450). He has multiple investment properties that are cash flow positive which help pay his mortgage on his home and fund his lifestyle.<\/p>\r\n

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    In this episode of Property Showcase, director of investment services for Open Corp Michael Beresford,\u00a0joins\u00a0editor of Real Estate, Tim Neary to share why he disagrees that the cooling market means that the best times are behind us.<\/p>\r\n

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      Son Pham is the accredited Head of Mortgages at Rethink Financing/Rethink Investing. He has over 6 years’ experience writing loans, over 12 years in the wealth management industry working for the likes of CBA, AMP and private practice and he is also a licenced financial planner (AFSL 326450). He has multiple investment properties that are cash flow positive which help pay his mortgage on his home and fund his lifestyle.

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      In this episode of Property Showcase, head of mortgages at Rethink investing Son Pham joins host Tim Neary to unpack how an investor should approach getting a mortgage in place with banks tightening down on serviceability.

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      • Interest only loans and if that is the way to go
      • How the mortgage division supports the overall business of Rethink Investing
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      Whether it’s building a successful property portfolio or investing in one of their Development Funds, Open Corp can help you through every stage of your investment journey. The team has 40 property specialists who collectively have been involved in over $4 billion worth of property transactions and the acquisition of more than 8000 homes and investment properties.

      In this episode of Property Showcase, director of investment services for Open Corp Michael Beresford, joins editor of Real Estate, Tim Neary to share why he disagrees that the cooling market means that the best times are behind us.

      In this episode, hear from Michael about: 

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      • How he wants to help clients take advantage of the current market
      • Why negative press can be good for investors
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Will Magee has had ambitions to enter into the Australian property market for quite some time, but it has been more than just finances holding him back.  Having been granted permanent residency just two weeks ago, Will is wasting no time and is now in the process of signing papers and finding his first investment property.

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In this episode of the Smart Property Investment Show, Will joins host Phil Tarrant to share why he is purchasing his first property in partnership with his brother, discuss the complications that can arise from such a strategy, and unpack the ongoing plan for building a joint property portfolio with his brother.

Will will also share how they approached saving for their first property, why he is taking out the mortgage in his name exclusively, and share their savings plan for the year ahead.

If you like this episode, show your support by rating us or leaving a review on iTunes (The Smart Property Investment Show) and by following Smart Property Investment on social media: FacebookTwitter and LinkedIn.

If you have any questions about what you heard today, any topics of interest you have in mind, or if you’d like to lend your voice to the show, email [email protected] for more insights!

RELATED AREAS OF INTEREST:

From property in Australia to a ski lodge in Japan
Mortgage Trusts, an alternative first step for property investors
Should a real estate title be in one person’s name only?

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  string(75) "Regional Victoria showing up Melbourne in price performance, new data finds"
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Median house prices in regional Victoria outperformed that of Melbourne in the June quarter, the latest REIV figures reveal. 

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Median house prices in the regions rose 4.0 per cent to $419,500 but in Melbourne they dipped by 0.6 of a percentage point to $840,000.

The result in Melbourne was due to a 0.8 of a percentage point fall in prices achieved at auction; this was despite a lift of 2.3 per cent in private sales.

Inner Melbourne suffered due to auction prices, where median prices fell by 4.9 per cent to $1,459,000 but it was middle Melbourne that was hardest hit, with a 5.4 per cent drop to $974,500.

Outer Melbourne had a good quarter with the median rising by 0.5 of a percentage point to $681,000.

Apartment prices in regional Victoria grew by 3.7 per cent to $304,500 while the metro media was up by 0.5 of a percentage point to $604,000.

REIV President Richard Simpson said that despite fewer sales, many sectors of the market were performing well.

“2017 was a bumper year and while the trendline has flattened, despite the fall in median house prices in the June quarter, median prices are still up this calendar year for both houses and units, in Melbourne and in the regions,” Mr Simpson said. 

In particular there was been strong growth in regional centres which is probably due to the first-home buyers’ concessions said Mr Simpsons.

“The first-home buyers’ concession has been a boon for regional areas. A new entrant to the property market buying a house at the regional median will pay no stamp duty, while a first home buyer of an apartment in Melbourne at the median price would pay stamp duty of nearly $25,000,” he said.

Mr Simpson said that more prospective buyers are looking towards regional Victoria which is also having an effect in Melbourne.

“Melbourne’s outer perimeter continues to grow. Small increases in the June quarter mean that the median prices for both houses and units have risen over 10.5 per cent from a year ago.

Mr Simpson said moving forward that vendors need more realistic expectations as the highs of 2017 are now over.

“Negative chatter about the future of the sector coupled with stronger lending controls by financial institutions has created some uncertainty and vendors need to be realistic with their price expectations,” Mr Simpson said.

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Regional Victoria showing up Melbourne in price performance, new data finds

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