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  • Darlinghurst Suburb Guide | Real Estate Blog – Niche Portfolio
    Wednesday, October 15, 2014
    Highlights of Darlinghurst Darlinghurst is an inner city suburb of Sydney.  Close to Sydney’s Central Business District, it is one of the m...
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  • Paddington Suburb Guide | Real Estate Blog – Niche Portfolio
    Thursday, September 25, 2014
    Paddington, Sydney living: the highlights  The sought-after suburb of Paddington, nicknamed “Paddo”, is located a mere 3km from the S...
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  • Bondi Beach Guide | Real Estate Blog – Niche Portfolio
    Wednesday, July 02, 2014
    Highlights of Sydney’s Bondi Beach Sydney’s Bondi Beach is located on Sydney’s Eastern Suburbs and it’s the most famous beach ...
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  • Top 5 renovation tips that will increase the value of your property | Real Estate Blog – Niche Portfolio
    Thursday, June 12, 2014
    The competitive Australian property market can seem like a jungle - everyone is looking for the best way to add value to their home without breaking t...
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  • DIY tips to prepare your house for sale | Real Estate Blog – Niche Portfolio
    Monday, June 02, 2014
    Do you want your home to stand out from your competitors?  If you are serious about putting up your home for sale, it is vitally important that y...
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  • Rental home hunting? Follow these 5 simple tips for a smooth transition | Real Estate Blog – Niche Portfolio
    Wednesday, May 14, 2014
    The rental property market is highly competitive at the moment, especially as more and more people are choosing to rent rather than to buy.  Look...
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  • Escape into your own private oasis | Real Estate Blog – Niche Portfolio
    Wednesday, April 30, 2014
    With all the chaos of our modern world, we all need a private haven to escape to. Nature has provided us with one of the most decadent luxuries the hu...
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  • Property prices on the rise with Sydney’s property boom | Real Estate Blog – Niche Portfolio
    Monday, March 17, 2014
    With interest rates at a record low, and high demand for limited housing stock, Sydney’s property market is set to see an increase in property d...
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  • Top Tips for Buying a Rental Property | Real Estate Blog – Niche Portfolio
    Friday, February 28, 2014
    Buying a rental property can be a very financially rewarding decision. However there’s no denying that it involves a lot of research beforehand....
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  • Sydney property and property investment news | Real Estate Blog – Niche Portfolio
    Monday, January 20, 2014
    The increase is the biggest jump seen since late August 2010, and follows a series of country-wide falls in property values in the two preceding years...
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Property Manager Sydney - Top Tips | Real Estate Blog – Niche Portfolio

Monday, March 12, 2012

Ask yourself ‘could I live here myself?’ 

Any investor should be able to say yes to that question even if it is only a small one or two bedroom unit. If they say no, then I always ask: ‘If you could not live there, why do you feel that a tenant should live there?’

Yes, some tenants will lease the property, but the smart investor wants someone who will look after the property, pay the rent on time and not interfere with the neighbours’ peace and comfort. Dirty, dilapidated, rundown accommodation will not attract that kind of tenant. Unfortunately, some investors still feel that anything is good enough to rent out and that tenants should not expect too much. They buy on the price alone and usually feel that they have made a good investment. Experience says otherwise.

Is it within walking distance of amenities?

A property in a good location will always rent before the property on the main road or a property that backs onto a train line.
Is it in walking distance to a buses or a railway station? Is it an easy walk to a school, pre-school or shops? Does it have easy access to the freeways or major highways?

In a tight, low vacancy market of less than 1% such as currently exists in Sydney, properties lease easily, but in a slow market properties in poor locations on busy roads are always the last to rent. They can sit vacant for weeks, and in some instances months, before attracting a tenant.

Security

Is the potential investment property surrounded by homes with barred windows? If so, this tells you that it is a high crime area. In a normal rental market most prospective tenants will walk away from leasing in such a location.

Whatever the area, investors should, in my opinion, install deadlocks on external doors, put a security screen door on the front door and keyed window locks on all the windows. Tenants should be entitled to at least that level of basic security

Air conditioners

Air conditioners may be costly items for landlords to maintain, but they can be a necessity, particularly in older homes that can become unbearable in the summer. If, as a property investor, you are particularly budget-conscious, forget the dishwasher, but add the air conditioner. However in more prestigious areas or in properties with higher rents, dishwashers are considered essential as well.