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TRANSCRIPT
May 2013
PROPERTY MANAGEMENT
NEWS
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A 'hands on' tenant has cut a hole in the floor of his rented apartment to expand the property into two vacant neighbouring units, according to a shocked property manager.
The St Kilda tenant has given a new meaning to DIY when he decided to expand his property on level two into the level one unit below and then across to unit four.
According to Tara Hore, the Melbourne Property manager, the tenant had been a trouble-‐free client for over five years. That was until an open inspection of one of the neighbouring units recently.
"We've never had any trouble with him before," she told Residential Property Manager yesterday.
According to Ms Hore, the tenant cut a 1-‐metre by 2-‐metre hole in the concrete floor of his apartment in order to gain access to the unit below. There, he demolished the kitchen to make way for a staircase to connect the apartments. But he didn't stop there: the tenant then knocked a hole through the double brick wall to unit four next door.
"When we entered unit four and saw the hole, we instantly contacted the landlord. He knew nothing about any renovations so I knew obviously something was very
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wrong," she explained.
"As soon as I accessed unit two, I contacted the police.
"Apparently the tenant had told his neighbours that he owned the units and was doing renovations, so they thought nothing of it when they heard machinery."
"Unit one downstairs has been vacant for the last six months as the owner is going through the process of getting it commercially leased so no-‐one has been in there since March of this year," she said.
"We've just currently started open for inspections on apartment four, so we've been in and out of there. The last hole would only be between five and seven days' old."
Luckily the landlord had insurance on the property.
According to Ms Hore, no charges have been laid yet as police are still conducting investigations. The landlord is also going through the process of evicting the tenant.
It is unknown if the tenant has any building experience; however, he was sighted by neighbours wearing safety goggles and a high visibility vest.
TENANT CUTS HOLE THROUGH CONCRETE FLOOR
Auction Results
SUMMARY AUCTION
RESULTS REPORT for all suburbs in QLD from 29 April 2013 to 30 May 2013
TOTAL SOLD 485 44.2% TOTAL PASSED IN 557 50.9% TOTAL WITHDRAWN 54 4.9% TOTAL NO. OF AUCTIONS: 1096 100%
AREC13 What A Fantastic Event!
Charles Whiston and Jane Seymour from our Sales team attended the world’s 2nd biggest Real Estate Conference at the Gold Coast this month. Both gave us raving reviews of the event. The world class lineup of speakers at the conference made it a one of a kind event with names such as Alan Jones (radio presenter and ex-‐wallabies coach), John Symond (CEO of Aussie Home Loans), David Knox (World renowned and internationally acclaimed Real Estate Trainer) and Chris Martin (Author of Pursuit of Happiness) taking the stage and giving highly inspirational and relevant talks. Charles and Jane both agree it was an inspirational event and will be implementing many of the clever strategies into our own department routines.
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"At least we know he complied with OH&S," Ms Hore laughed.
Extract from an article in Residential Property manager (Article by Stacey Moseley -‐ Thursday, 09 May 2013)
PS – While at the extreme end of the spectrum, these incidents do occur, and brings home to us the importance of ensuring that we have suitable Insurance.
Suburbs&
Flats& Houses&
1&bed& 2&bed& 2&bed& 3&bed& 4&bed&
10& 11& 12& 10& 11& 12& 10& 11& 12& 10& 11& 12& 10& 11& 12&
Balmoral 320 405 340 360 390 385 370 385 390 440 440 475 760 885 890 Bulimba 320 405 340 360 390 385 370 382 390 440 440 475 760 885 890 Cannon Hill 240 245 300 360 355 375 350 390 390 410 450 450 450 600 660 Camp Hill 220 230 230 330 350 350 325 400 385 410 420 420 510 530 570 Coorparoo 245 260 260 330 340 350 350 360 360 400 425 450 430 540 600 East Brisbane 310 310 325 430 440 470 355 385 415 450 495 495 545 660 650 Greenslopes 240 260 275 315 320 350 335 370 400 400 400 430 490 N/A 540 Hawthorne 320 405 340 360 390 385 370 385 390 440 440 475 760 885 890 Morningside 240 245 300 360 355 375 350 390 390 410 450 450 450 600 660 Murarrie N/A N/A N/A N/A N/A N/A N/A N/A N/A 365 395 420 450 570 580
Norman Park 240 245 300 360 355 375 350 390 390 410 450 450 450 600 660 Tingalpa N/A N/A 213 285 290 290 N/A 290 N/A 365 385 415 430 430 455 Woolloongabba 220 210 275 380 440 420 375 430 370 380 450 450 550 440 690 Wynnum 200 205 220 300 310 310 320 330 350 380 375 390 500 470 505
June 2012
PROPERTY MANAGEMENT
NEWS !
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It# has# been# relatively# quiet# on# the#Sales# front# this# month,# inspite# of#the# fact# that# we# currently# have# a#well# stocked# book# of# fairly# priced#listings.# # First# home#buyers# are#out#and#about# in#the#market#place,#but#they# are# difficult# to# pin# down,# and#very# price# aware.# Investors# are#
In#preparation# for# tax# time,# the#ATO#has#put# together# some# tips# to# help#investment# property# owners# correctly#claim# rental# property# deductions# this#year.# # Here# are# some# tips# to# avoid# a#follow#up#from#the#ATO.#Click#on#the#link.#
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around# too,# but# many# are#submitting# low# offers,# and# are#willing# to#walk# if# their# price# is# not#met.# # Another# interest# rate# drop#would# certainly# help# boost#confidence,# but# we# may# have# to#wait#until#later#in#the#year#for#this.#
1
The#RTA#June#quarter#median#rents#report#has#now#been#released,#with#no#real#surprises.##We#have#compiled#a#condensed#version#including#some#of#our#main#areas,#which#shows#the#2010#–#2012#year#on#year#comparisons.##With#the#exception#of#a#couple#of#glaring#spikes#in#particular#categories#(these#are#usually#caused#by#a#bulk#supply#of#newly#released#stock#within#a#suburb#which#skews#the#local#area#trend)#there#is#a#consistant#thread#
2
showing#an#approximate#10%#increase#in#rental#values#across#all#categories#since#2010.###
We#consider#these#factors#when#we#review#and#make#recommendations#for#rent#adjustments#on#our#management#properties.#We#also#use#these#statistics#to#help#tenants#understand#that#their#rent#increases#are#representative#of#fair#market#value.##See#the#attached#link#for#full#report.#RTA#Median#Rents.
#
Refer&a&Friend&and&Receive&3&months&Free&Management&Fees.&
If#you#know#anyone#who#is#unhappy#with#their#current#service,#Send#Them#to#Us#and#We#Will#Rebate#Your#Fees#For#3#Months!!#
141 Riding Rd Hawthorne Q 4171 Ph: 07 3899 1888 Fax: 07 3395 7246 www.maryannebirch.com.au [email protected]
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Another Glorious Insult from the Past:
"He has never been known to use a word
that might send a reader to the dictionary.
"William Faulkner about Ernest Hemingway Old Sea Story…
There's an old sea story about a ship's Captain who inspected his sailors, and afterward told the first mate that his men smelled bad. The Captain suggested perhaps it would help if the sailors would change underwear occasionally.
The first mate responded, "Aye, aye sir, I'll see to it immediately!" The first mate went straight to the sailors berth deck and announced,
"The Captain thinks you guys smell bad and wants you to change your underwear." He continued, "Garrett, you change with Bowen, Smith, you change with Crean, and Brown, you change with Ferguson."
THE MORAL OF THE STORY: Someone may come along and promise "Change", but don't count on things smelling any better.
Some renters may not feel interest rate decisions are relevant to them, but those rates can make a big difference if you’re saving to buy or monitoring the market looking for the right time to make an investment, or change your situation. Interest rates influence the housing market, including rental prices.
Below are the results of a recently conducted survey of people renting and sharing. It gives an interesting snapshot of our renting opinions and behaviour around the state.
Queensland
7% are living in share accommodation 22% are renting without a lease (i.e. month to month) 30% have been living in their current rental property less than a year 5% have been living in their current rental property more than 6 years 46% rent because they cannot afford to buy 27% prefer renting because they can move when they need to 18% can rent in a better area than they can afford to buy 11% prefer renting because they don't want a mortgage 16% of renters liaise directly with their landlord
The Reserve Bank of Australia has this month cut rates from 3.00% p.a. to 2.75%
The RBA has held interest rates steady since December 2012, saying it wanted to give them a chance to stimulate the market. Though there have been signs of growth and recovery, the RBA seems to have heeded calls for yet another cut to push that recovery over the line.
Experts were unsure which way the decision would go and the rate cut may have surprised some, but it is very welcome to those who already have a current mortgage, or those trying to buy for the first time.