Empower Blog Rental

Buy Property with Zero Repayments

Wouldn’t you love to own a rental property that doesn’t cost you a cent in repayments? Imagine how nice would it be to have the investment property paying for itself and you needn't worry about skipping a weekend out to save the money needed to that next loan repayment. Well, it is possible – you just get the tenant to pay the mortgage. With ...

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Five creative ways to increase rental returns

Quite often investors ask us about clever ways to enhance property value. Most investors pay a lot of attention to the value of the property but why don’t they pay as much attention to the returns? Well, we do, and some clever investors out there do so as well. While we like to see our equity position growing, the bottom line for any ‘buy and h...

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Checklist for a Great Property Manager

One of the many things we do that our competitor Buyer's Agents don't all do is offer an independent recommendation when it comes to the final stage in your property purchasing journey. We don't just leave our clients with a great property and wish them well, we actually take an active role in making sure their newest asset is managed by a professi...

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ABC Melbourne Radio – Bryce Holdaway with Jon Faine

Bryce Holdaway, Director, Property Advisor and Buyers Agent of Empower Wealth was interviewed by Jon Faine from ABC Melbourne Radio with the topic of the day; how is Australian's housing choices changing and what is the trend looking like? In this session, Bryce discussed about: Are investors looking for apartments rather than houses these days...

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Friendly Reminders – Property Management

SMOKE DETECTORS: With the summer behind us comes the end of another daylight savings period.  And the end of daylights savings also means a reminder about smoke alarms. The legal obligation in Victoria is that smoke alarms are currently the responsibility of tenants to maintain, but this is not the case in all states, where the upkeep is the r...

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Reducing the ‘Fear Factor’ in property investing

Without a doubt, one of the biggest reasons people hold back from investing in property is fear of risk. This fear shows up in many different ways, from well thought out objections to procrastination itself. There are books on the shelves, magazines on the racks, shows about investing and presenters advertising the merits of investing. There are...

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Basic Rental Property Obligations

Although this would appear as common sense to all my landlords, it’s still important that one understands their obligations when it comes to letting out a property for rent. Under the act governing the letting of property the landlord has certain obligations, the most important of which is that the property being let is in a condition that would ...

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Five Tips for a Happier Rental Property

To ensure your tenants are enjoying renting your property, and looking after it too, it’s important to remember a couple of things so that your relationship with your tenants and property manager is a prosperous one. So I thought I’d pen a few tips to help remind fellow landlords that if they undertake these recommendations then owning their...

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Rents On the Up

The recent interest rate rises are doing what the RBA had hoped in terms of slowing down the demand in the property market in a general sense. By increasing the cash rate the flow on effect is felt across all facets of the residential market. The first impact is the reduction in borrowing power, as the banks move their lending assessment rates ...

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Rental Yield Outlook Positive

2009 saw many first home buyers take advantage of the additional government stimulus schemes on offer to buy their first home and get out of the rental market. This impacted in less demand for this sector of the market. However this decline was offset against the overall population growth in the major cities centre's around the country. BIS Shrapn...

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Holiday Homes as Investment Properties

Its holiday season and that time of the year we all head to the beach or the bush for our Christmas and New Year breaks. It’s a time we get to read the paper from front to back and also even pick up the local papers for a catch up on what's happening in our favourite Christmas holiday destination. It’s also a time we get to wander up and down t...

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Owners Corporations…..

Body Corps’ as they used to be known are important entities with important responsibilities. The Owners Corporations Act 2006 [the Act] commenced on 31 December 2007. The new regulatory regime aims to improve transparency and financial accountability in the management of owners’ corporations, as well as new dispute resolution provisions. ...

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Positive Cash Flow Property

Given the well documented shortage of available residential property to house our growing population, rents have been on the increase for some years now.  In fact, rents across Australia grew by 9% last year and forecast figures quoted in 2007 were for rents to increase by as much as 50% over the next 5 years, whether that figure actually material...

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