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In this edition: How long will it take for your property to rent? Water Invoicing and the Law Don’t Get Burnt by the Building Code… Smoke Alarm Compliance
May 2016
Air Conditioning – Getting in Early to Save $$$ and Hassle… A Selection of Properties Recently Leased Quote Calendar of Events
Dear Landlord,
We had a good turnout during our
Property Investors Information Night
held on 20th April. Speakers Adam
Bradley from Australian Property
Finance gave a great overview for
saving on your investment property
and James Chang from Yellow Brick
Road had an abundance of great
advice on financial planning and how
to plan ahead. Christina shared tips
on how to remain competitive in the
rental market and protecting your
investment. We received some great
feedback and will update you on our
next one when the date is confirmed.
If you would like to receive a copy of
the slide presentation, please
contact [email protected]
Mother’s Day Champagne High Tea Invitation and Rental Updates
(Nicole).
With Mothers Day just around the
corner, we hope you are able to
attend our High Tea & Fashion
Parade at Keri Craig Emporium on
the 6th May 10am to raise money for
Make-A-Wish. Treat yourself or bring
Mum along for a fun morning of
fashion, styling tips and other
exciting guest speakers! We look at
this as an opportunity to get to know
our clients better while supporting a
great cause. There are still some
seats available if you would like to
join us. Please see below invitation
for more details.
If you are considering building
please let us know. We have started
working with someone who can build
a two level home that council will
approve to rent the levels separately
while from the outside it just looks
like a regular home.
Your Property Management Team,
Christina, Helen, Iszabel, Alex,
Kobe, Katrina, Anita and Verna
www.propertyrentalsbrisbane.com FREE Information Guide For Landlords & Tenants
How long will it take for your property to rent?
That of course depends on the time of the year so here are the latest statistics for April.
BRISBANE STATISTICS The Market
Source: rentfind.com.au
Brisbane, QLD April 2016 Annual Change
Median Weekly Rent - House $420 0.0%
Median Weekly Rent - Unit/Apartment $390 2.6% increase
Days on Market (Avg) 32.7 3.5 increase
Days Vacant (Avg) 20.1 3.0 increase
no legal requirement for a water efficiency certificate from a plumber although
it is recommended best practice to provide evidence to the tenant should there
is a dispute about the property being water efficient. Amos v Krans & anor
[2015] QCATA 69 (A tribunal case) stated that the lessor has the onus to
prove that the property was water efficient.
It is recommended that the lessor obtain a water compliance certificate on an
annual basis and or at the end of each tenancy in the event of tenant dispute.
Below is information form the RTA about proving that a property is water
efficient.
At the start of the tenancy agreement, the lessor/agent and tenant
should negotiate arrangements for water charging. The presence of
water efficient devices should be noted on the Entry Condition Report
(Form 1a).
Lessors/agents should be able to demonstrate the presence of water
efficient devices where it may be unclear, such as by providing copies
of:
plumbing reports
Water Invoicing and the Law
How can the lessor/agent prove
the premises are water efficient?
Our agency strongly recommends
that lessors invest in obtaining water
compliance certificate. Our advice is
mainly in the event of a dispute by
the tenant that the property is water
efficient. On your behalf, we could
use the certificate as evidence in the
dispute. Please note that water
compliance certificates may be
needed to be updated to ensure that
no changes have been made by
tenants during a tenancy. There is
www.propertyrentalsbrisbane.com FREE Information Guide For Landlords & Tenants
receipts
packaging
warranties or instruction manuals for taps and showerheads,
etc.
For any water fixtures produced from 2005 onwards, the easiest way
to check if they meet the required efficiency standard is to look for
products with a WELS rating of three stars or higher. WELS is
Australia's water ef-ficiency labeling scheme which rates fixtures
including taps, showerheads and toilets according to water efficiency -
the more stars the better. To find out more about the scheme or
search the registered product database, visit www.waterrating.gov.au.
Sourced from www.rta.qld.gov.au
Don’t Get Burnt by the
Building Code…
Smoke Alarm Compliance
Buying a home or investment
property is likely to be one of
the biggest investments most of
us will ever make.
When purchasing a property,
most Buyers are aware that they
should have a Building and Pest
Inspection performed, to give
them peace of mind plus some
understanding of whether the
property has any major problems
and how they will affect the
property over time. Rarely
however, do Buyers ensure that
the smoke alarms are compliant
as part of this process.
If you do not have working smoke
alarms installed in your home,
and a fire occurs; according to
the Metropolitan Fire Brigade you
are 57% more likely to suffer
property damage or loss, you are
26% more likely to suffer a
serious injury, and you are four
times more likely to die. Smoke
alarms detect smoke well before
any sleeping occupant would and
provide critical time to implement
www.propertyrentalsbrisbane.com FREE Information Guide For Landlords & Tenants
actions to save life and property.
Smoke alarms are designed to
detect fire smoke and emit a loud
and distinctive sound to alert
occupants of potential danger.
This is especially relevant if the
property is purchased as an
investment property. In most
states across Australia smoke
alarms complying with Australian
Standards must be fitted in all
rental propert ies and in
accordance with the Building
Code of Australia. It is the
responsibility of the landlord to
ensure that smoke alarms are
compliant, with new batteries
installed prior to a tenant moving
into the property.
It is therefore recommended that
an inspection of the smoke
alarms is arranged to coincide
with the Building and Pest
Inspection at the property. It is
recommended that you contact a
reputable smoke alarm testing
company to do this. This way any
issues in relation to the smoke
alarms at the property can be
addressed during the conditional
period of the contract, and any
works required may be able to be
negotiated with the seller.
Source: Nicole Garnham, Real
Estate Dynamics, 2016
expensive new parts, or if the
system itself needs replacement.
In many cases, the appliance
would have lasted significantly
longer if the standard 12 monthly
services had been conducted.
We recommend that you
consider having your air
conditioning system serviced in
these upcoming cooler months,
not only to prolong their lifespan
– but also to help reduce the
costs of the service given that the
Air Conditioning companies will
be more likely to offer a reduced
price in their ‘off season’. This
can also help avoid unnecessary
breakdowns – especially in peak
season, which will likely be more
expensive for you, as well as
having a longer turnaround time
for the work to be completed –
and unhappy Tenants in the
meantime.
Please see below a link to a
video from Real Estate Dynamics
about air conditioners, and some
t ips and t roub leshoot ing
information:
http://realestatedynamics.com.au/red
-tv/air-conditioning-tips-trouble-
shooting/
Source: Travis Henke, Real Estate
Dynamics 2016
Air Conditioning – Getting in
Early to Save $$$
and Hassle…
As property owners, with regards
to maintenance of the property
and appliances, it can be very
tempting to just have things
repaired/replaced as problems
surface – and often without any
real efforts at prevention.
Although this approach can
reduce your short-term financial
cost, in the long run it can be
quite costly in future repairs/
replacements of items that may
not have been necessary if a
preventative service had been
conducted.
Air Conditioners are a classic
example of this. In many cases,
property owners won’t bother
with the recommended yearly
servicing, however when the
appliance does eventually break
down – the costs are often much
higher than they would have
been otherwise. This could be
that part of the system needs
2 May Labour Day Public Holiday (Office Closed) 16th May Mid Month Accounting 1st June End of Month Accounting
A Selection of Properties Recently Leased
Kenmore Hills House $795 p.w.
5 bed, 3 bath 2 car accommodation
Quote
“Property is the fruit of labour; property is desirable; it is a positive good in the world.”
—Abraham Lincoln
Milton Apartment $750 p.w.
2 bed, 2 bath, 2 car accommodation
RE/MAX Profile Real Estate 141 Boundary Road TEL 07 3510 5221 FAX 07 3876 5544
www.profilerealestate.com.au Bardon QLD 4065 Helen [email protected]
www.propertyrentalsbrisbane.com PO Box 388, Paddington, 4064 Iszabel [email protected]
Alex [email protected]
Kobe [email protected]
Errors & Omissions: These details have been prepared by us on information we have obtained and while we trust it to be correct, is not guaranteed by us and you should rely on your own enquiries.
Chapel Hill House $755 p.w.
4 bed, 3 bath, 2 car accommodation
Calendar of Events