Harcourts Move – November 2022 Update

Hello, and welcome to the Harcourts Move update for November 2022.

The past month has certainly been a flurry of activity both personally and professionally, and the first thing I want to assure you is that your data is safe and secure with us.

There  has been a lot of publicity around data breaches of late. Please be assured that our office and your data is safe and secure with us. We regularly audit all of our suppliers and have in place relevant protections to ensure your data is safe. If you are concerned about your data, please get in touch with me.

I was able to catch up with Tim Lawless from CoreLogic for the REIP CoreLogic October market update. October was another interesting month, housing values declining again – the 6th month in a row – and the Reserve Bank increasing interest rates by 25 points. The question is at what point does increasing interest rates control inflation?

It’s an interesting discussion on the ongoing rate rises for mortgage holders, are we seeing the worst of the decline of the housing market, how the Spring market hasn’t quite sprung and the rising rental market. Watch the discussion here.

On the streets of Melbourne

	How often should you replace things in your investment property? Proactive repairs and maintenance keep your property in the best condition possible, and it can also help you attract high-quality tenants. Read more here
	What is property depreciation?  After interest, depreciation is the second largest deduction available, so it can make a significant difference to your cash flow when you get it right.  Find out what items are depreciable in an investment property.
	We are thrilled to be sponsoring the Wyndham Vale Cricket Club.  We have been selling and leasing properties in the area for over 5 years now so we are very excited to be involved with a club with over 40 years of community spirit.
	Did you know if you refer new business to Harcourts Move, you can also be rewarded?  We know how important referrals are to grow a business so if you know of any family or friends looking for a new property management team, let us reward your referral with a $100 petro or Coles voucher. Email Liam today to find out more.

I hope you’ve enjoyed this month’s newsletter. If you have any feedback, please share it with me. I’m always looking at ways to support our clients 

Thank you for your continued support and remember our team is always here to help answer any questions or share our expertise with you, so please feel free to get in touch at any time.

Until next month, stay safe and enjoy longer days as we move closer to summer!

Sadhana