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Owner Obligations


Many responsibilities come with owning property and being a landlord. It’s not as easy as finding tenants and then walking away and hoping for the best. There are certain owner obligations you must know about and follow if you’re going to stay in good standing and avoid any sticky or unwanted situations and consequences. Owner Obligations for Repairing Rental Properties It’s required that the owner maintains the property during the lease or tenancy to nearly the same condition it was in from the start when the contract was signed. However, reasonable wear and tear is acceptable and not included in this clause. It’s also the landlord’s responsibility to make repairs and pay for them out of pocket if there’s an issue that needs fixing that the tenant didn’t cause. Keep in mind that a tenant must inform and alert the landlord within seven days of becoming aware that there’s a repair that’s needed. The tenant also has responsibilities a...


Changes to Land Tax in Tasmania


Changes to Land Tax in Tasmania The Tasmanian Government have recently made changes to land tax, with the hope of easing the cost of living pressures for families in Tasmania. With that being said, continue reading to find out more about the changes to land tax and what this means for you. What is land tax? Before we reveal more about the recent tax changes, it is imperative to explain what land tax is. Land tax is a yearly tax that landowners need to pay by the 1st of July each year. Properties that are deemed taxable include shacks, rental properties, commercial properties, and vacant land. Land tax is not due on a property that is the principal place of residence for the owner, i.e. if you live in the property full-time, nor is it payable the land is deemed as primary production land. As the owner of the property, you need to apply for either of these land classifications.  What changes have been made to land tax? Land tax thresholds are going to be raised so that they reflect...


Minimum Standards For Rental Properties


Minimum Standards for Rental Properties The rental market in Australia has skyrocketed in recent years. Did you know that Australian households are now made up of almost one-third of renters? This is how habits have changed in the past couple of decades: 32% of people rent, compared to 30% in 2015-16 and 27% in 1997-98 27% rent privately, as opposed to a state or territory housing authority This is an increase of 7% from before the start of the Millennium As you can see, far fewer Australians own a home, either with or without a mortgage. As a result, it’s not rare to find yourself in a position where you need to enter the rental market. However, when you do, you don’t want to find yourself in a position where you choose poorly as it can ruin the experience and lead to an increase in stress and anxiety. The key is to do your due diligence before signing on the dotted line, but what should you be looking out for? What Are the Types of Minimum Standards for Rental Propertie...


Property Profile - Sandy Bay


Property Profile - Sandy Bay Situated just five minutes to the south of Hobart’s central business district, Sandy Bay is one of Tasmania’s most sought-after locations for workers, families, and anybody seeking an excellent quality of life spearheaded by beautiful surroundings, career opportunities, and stunning homes. The Population Of Sandy Bay Sandy Bay, Tas 7005 currently boasts a population slightly in excess of 12,000, which signals a 7% growth since the previous census in 2011.  The area’s demographics are diverse with a median average age of 40, but residents do primarily fall into the 20-29 category (just over one in five people) while childless couples are heavily represented with just over 50% of all households falling into this category. Meanwhile, 39% of properties are owned outright while a further 22.5% of residents are purchasers. Sandy Bay’s thriving community reflects the high-end properties and demographic dominance. Some of the most ...