Should you furnish your investment property?
podcast

Should you furnish your investment property?

Should you furnish your investment property?

Lisa Indge - Let's Rent

{{youtube id="cQTQpzvfYDg"}}

Short term fully furnished rentals are a really interesting sector of the market right now. Lots of people are getting very interested because the returns look to be quite high which can be the case however there are some pitfalls. It's really important that if you're looking to rent your property short term that you're not looking to rent too far from the city or too far away from amentities. The properties that are best suited to this type of market are close to the city, have views, usually are smaller - say one or two bedrooms. It's true to say that the short term market really is anything up to three months and the returns vary considerably depending on whether you're doing say one or two nights or three months. So you would expect to acheive a higher nightly rate on a shorter rental and a lower weekly rate on a longer term rental.

 

 

Listen to other instalments of The Smart Property Investment Show:
Episode 105: New podcast: Investor reveals the opportunities for migrants in Australia
Episode 104: New podcast: Q&A session with Paul Glossop – more questions answered!
Episode 103: Special Episode: Phil and Munzurul talk steering the growth and development of portfolios by managing cash flow
Episode 102: Investor reveals how to find the perfect property manager
Episode 101: From 12 to 100 properties – how this investor will achieve his goals
Episode 100: Property investor talks research, teamwork and balance in his portfolio
Episode 99: Portfolio update: SPI opens its books to reveal all the nitty-gritty details
Episode 98: Buyer's agent forecasts what’s to come for Aussie property market
Episode 97: ‘How we achieved financial security through property’ – the Property Twins reveal all
Episode 96: Tips for tackling pest and building inspections head-on
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
BERKELEY VALE 46.03%
2.
EDGECLIFF 45.06%
3.
PAMBULA 43%
4.
EAST LISMORE 41.38%
5.
SOLDIERS POINT 37.89%
Should you furnish your investment property?
SPI logo