Gross Lease A gross lease includes rent as an amount that does not incur extra charges. Included in the rate (rent) a Landlord typically includes building expenses better known as Outgoings. These costs include such things as land tax, council rates, water rates, insurance, management fees, strata levies, repairs and repairs and maintenance. It is …
As most of Australia is duly aware the financial sector is in the midst of a drawn out, yet necessary, shake up with mortgage brokers facing the brunt of suggested changes. Regulators have shared their scepticism around lender-paid broker remuneration, doubting if the industry can act in the best interest of their customers whilst operating …
How can you be buy ready and have a competitive edge over other buyers? We’ve outlined below some quick tips to put you in the best position possible to purchase that property you’ve fallen in love with. Here’s how. Have Your Finance Sorted Although properties are starting to take slightly longer to sell in Sydney, …
The most frequent questions a Buyer’s Agent (BA) is asked is “Why Do I Need a Buyer’s Agent?” and “How does a Buyer’s Agent add value to my Property Acquisition?” Whether you are a first-time home buyer or a seasoned property investor, the answer is the same. A buyer wants: Access to 100% of properties …
The word is about, there’s something evolving, Whatever may come, the world keeps revolving… They say the next big thing is here, That the revolution’s near, But to me it seems quite clear That’s it’s all just a little bit of history repeating. The newspapers shout a new style is growing, But it don’t know …
Renting can be daunting the first time, even for home owners of 20 years looking to re-enter the rental market. You could be competing with dozens of people looking to find a home for the long or short term so here are tips every first-time renter can use to find their next home with confidence. …
If you are familiar with the television program MythBusters, you know their goal is to put to test myths and urban legends that have been going around for donkey’s years and prove whether they are right or just that – a myth. Well here at Rose & Jones, we aim to provide insight into what …
Commercial real estate can sometimes seem overwhelming with the various terms that are used. Brush up on your leasing lingo with terms, phrases or words you may come across in your commercial real estate dealings. Amenities A feature that provides comfort, convenience, or value to a property. Arrears Overdue payments on a rental agreement where …
Since 2016, the Office of State Revenue imposed a 4% stamp duty surcharge on foreign residents. Then as a result of the 2017 Budget, for agreements entered into on or after 1 July 2017, the surcharge rate has increased from 4% to 8%. The surcharge is in addition to the regular stamp duty payable on the purchase of residential …
After a booming 4 years of property sales and property price growth across the Sydney market, clearance rates consistently above 80% and seemingly unrestrained lending, as the middle of March 2018 approaches and clearance rates (as reported) are hovering around 66%, if you believed what you read, we are heading for market crash. Firstly, a few …
