Gow Property’s tenant Michael takes public transport each week to our office to pay his rent. Michael is one of our favourite tenants (we have many great tenants) but recently his house mate passed away and he has been doing it tough. So we felt he was a worthy recipient of a Christmas gift [...]
Whether a rental property is sitting vacant by design or by circumstance, if the property is unoccupied for a period of time, the insurance may no longer be valid. There is an exclusion in most landlord and home and contents insurance policies which relates to the premises being vacant or unoccupied. While the specific [...]
Vicki Mallett is one of our highly skilled team at Gow Property and has been working with us for five years. In previous roles, Vicki has won several Property Management awards including Property Manager of the Year. Last year, Vicki saw her first grand final ever at the MCG and the bonus of her [...]
REIWA’s 2019 outlook indicates the WA property market should remain stable in the New Year. Perth’s overall median rent price has held at $350 per week since April 2017 – the longest period of stable rents Perth has experienced since REIWA first started recording rental data in 2001.
About $45 billion in rental expenses were lodged to the Australian Tax Office (ATO) last financial year, pushing property investors’ compliance with tax laws to the top of the Tax Office’s agenda. Short-term rentals The ATO is cracking down on taxpayers' declaration (or non declaration) of short-term rental income, popularised by [...]
The Strata Titles Amendment Bill 2018 was passed by the Upper House at the beginning of November. Drafting of the regulations will commence shortly with the changes due to be implemented in the second half of 2019. The Community Titles Bill is also being debated in the Upper House and is expected to pass between [...]
Perth’s rental vacancy rate dropped to 3.9% during the September 2018 quarter – falling below the ten year average. REIWA's data shows it's the lowest vacancy rates Perth has experienced since the March 2014 quarter. Gow Property's vacancy rate still remains below the Perth average at 2.5%.
Perth’s rental market has improved, with reiwa.com data for the September 2018 quarter showing positive results across the board. REIWA President Damian Collins said leasing activity was up, median rents remained stable, average leasing times were quicker and the vacancy rate had plummeted to 3.9% - the lowest level in more than four years. Rent [...]
Did you know that investing in new properties could hold almost $9000 of tax deductions? Bradley Beerm CEO of BMT Tax Depreciation told Smart Property Investment investors are allowed to claim deductions on capital works, which include the property’s structure and items permanently connected to the property to the total of $5065 per year. He [...]
With an insured value of almost $1 trillion, covering 2.6 million lots and directly employing 9000 people nationwide, the strata sector is an important part of the Australian economy (source; Strata Community Association 2018). The Australian National Strata Data Report, prepared by the University of NSW City Futures Research Centre and funded by the Strata [...]