Harcourts Move – July 2022 Update

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

The start of a new financial year is one of the busiest for our investors. It’s generally the time to start getting all of the documentation together for your investment properties and of course a time when you start spending more time with your accountant. By now all of our property owners would have received your annual income and expenditure statement. If you haven’t please get in touch with me as soon as possible.

This month Tim Lawless from CoreLogic and I discussed Australia’s housing downturn which gathered pace in June. There have been continued falls in property values in Melbourne as well as regional Victoria over June. We also talk about how the rental market continues to go from strength to strength resulting in rents rising at a faster rate than housing values. Click here to watch the full video. 

If you are interested in knowing where your property sits in the current market, simply visit our website and click on the “Sell my property” button on the homepage. You can choose to have an online generated appraisal or if you’ve made improvements to your property you can select to have an agent contact you and Catherin will be in touch. 

Alternatively, if you’re considering a change of management to your existing property, find out why our team is consistently recognised as being the top Harcourts Property Management team and get in touch for a confidential consultation. 

On the streets of Melbourne

We’ve had some interesting situations with tenants over the last month. 

One of the most interesting was when Liam was out doing a routine inspection. He walked into a house that was completely filled with smoke. He called the fire brigade who found that the oven had been left on! There wasn’t any damage to the property and the renter tried to blame Liam for turning the oven on during his inspection!  

One of the loveliest moments was when a new renter moved into their new home. We provide welcome gifts for our renters on your behalf, and last week Anna got a gift in return from a new renter! This was a very welcome surprise as many times our team is dealing with the negative aspects of rejecting applications. This time was very different and very appreciated.

Property management fees are definitely something you should be able to claim as an expense in managing your investment property. Read more about what you should be able to claim on your tax return as a property investor.

The responsibility of selling your home is something we take seriously, and we promise to do all that we can to achieve an outstanding result for you.

At Harcourts Move, our strategies are designed to achieve premium prices for your property; not just to get it sold. We carefully and strategically plan every element of your sale campaign to ensure.

Find out more.

Our team at Harcourts Move are dedicated professionals when it comes to property management.

Our property managers understand how the market will impact your investment and how to improve the yield from your property.

Find out more.

This month’s feature property is a fabulous 4 bedroom, 2 bathroom home perfect for a first home buyer, investor or family looking to upgrade. Located at Cobblebank and priced at $630,000 -$680,000 this is a home that will impress. 

Click here to view this property and if you’d like to know more, simply get in touch with Catherin on 0455436122. 

I 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 stay warm! 

Sadhana