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Everything You Need to Know About the Rising Economy of Adelaide in 2024

Posted on 7 November 2018 | by mmhadm

Adelaide, often referred to as the “20-minute city” thanks to its ease of commute, is emerging as one of Australia’s top economic powerhouses. While it once lagged behind the more populous states, South Australia’s capital is now experiencing a remarkable economic transformation.

The SA unemployment rate in June 2024 was only 3.9%, below the national rate of 4.1%, and Adelaide’s economy has played a key role in keeping it down. The city is undergoing a major boom, with growth in various sectors, increasing employment opportunities, and a steady rise in population. This tremendous growth is putting Adelaide on the map, attracting both property investment and business ventures.

Let’s check out how the local economy in Adelaide is transforming.

Economic Growth Fuelled by Key Sectors

Adelaide is the beating heart of South Australia’s economy and continues to attract billions in investments from the public and private sectors. Here’s a quick look at some of its landmark investments so far.

1. Defence and Technology

Adelaide has been Australia’s defence hub for a while. With billions of dollars invested in shipbuilding and the defence industry, projects like the new submarine construction yard at Osborne have led to a massive economic surge. Locals are set to benefit from this influx of investment, with the project expected to employ 4,000 workers at its peak.

2. Renewable Energy

South Australia is leading the charge in renewable energy, with a $20 billion pipeline of investment for on and off-grid renewables and storage, including the SA Hydrogen Jobs Plan – a flagship renewable project in Whyalla.

Under the SA Hydrogen Jobs Plan, the State Government has already committed $593 million to build a world-leading green hydrogen power station. This push towards renewables is not only creating new jobs but also attracting businesses that prioritise sustainable operations.

3. Education and Innovation

Adelaide is also home to many prestigious universities and research institutes, including the University of Adelaide, which is ranked in the world’s top 100 universities and recognised as one of the leading research facilities around the globe.

As an education and research hub, the city continues to attract international students and researchers, which has helped Adelaide’s economy grow substantially over the years. Given this, it’s no wonder the city’s start-up ecosystem increased by 19% and reached $1.9 billion in 2024. This influx of investment has helped Adelaide land in the top 100 emerging start-up ecosystems around the world for the first time.

4. Health and Biotechnology

The health sector in Adelaide is expanding, with milestones like BioMed City, a $3.8 billion health and medical innovation district in the heart of Adelaide. It is one of the largest health and life sciences precincts in the Southern Hemisphere.

SA’s focus on health and biotechnology is bringing in global research collaborations and clinical trials, giving an unprecedented boost to the local economy in Adelaide. In addition to creating jobs, this strategy provides a fertile ground for healthcare innovation and supports long-term economic growth.

5. Infrastructure Boom

Adelaide’s infrastructure is rapidly evolving to support its growing population and economic ambitions. Over the past few years, major infrastructure projects have transformed the city. These include new roads, better public transport, and improved air connectivity – all of which have helped the local economy in Adelaide.

For example, the final stretch of the North-South Corridor upgrade, the $15.4 billion Torrens to Darlington (T2D) section, is expected to be finished by 2031. The project is expected to employ 5,500 people a year at its peak and create several business opportunities, fuelling Adelaide’s economy.

6. A Vibrant Job Market

As Adelaide’s economy grows, so does its job market. The unemployment rate in South Australia has been consistently lower than the national average, thanks to growth in industries like defence, education, health, and renewables.

This is great news for those seeking work and for local businesses looking for skilled talent. More jobs mean a higher demand for housing, which in turn supports the growing property investment market.

Property Investment in Adelaide and Its Suburbs

With such rapid economic development, Adelaide’s real estate market is becoming increasingly attractive. Investors are flocking to the city due to its solid rental yields and growing demand for residential properties.

Let’s break this down for you:

1. Lower Cost of Living

While Sydney and Melbourne struggle with the high cost of living, Adelaide offers a relatively affordable yet high standard of living. It is 16% cheaper than Sydney and 13% less than Melbourne, which often attracts students, young couples, and families to the city. As the dwelling prices or rentals are also more affordable in Adelaide, the city has better property investment options, especially for first-time investors.

2. Strong Rental Yields

Adelaide’s property market offers strong rental yields, particularly in areas close to the city centre and in growing suburbs. Nearly half of the city’s population (49.54%) lives in rental accommodations, and the median rental yield in Adelaide for houses is 4.48%.

If you have an investment property in a growth area where there is expected to be much economic activity, then it will be in demand. A well-maintained property in these areas will be expected to obtain an excellent rental income, with a unit getting $520 and a house $595 per week.

3. Affordable Property Market

In contrast to Sydney and Melbourne, it’s cheaper and easier to buy a new or old house in Adelaide. In 2024, the median dwelling price in Sydney was $1,180,463, with an expected return of 8.3%, while it was $790,789 in Adelaide, with a total return of 19.4%.

With lower median prices and higher returns, Adelaide is an attractive option for those who want to invest without breaking the bank. This also means you don’t need a large down payment to buy an investment property in Adelaide and can cover the rest of the cost with an affordable home loan.

4. Population Growth

Adelaide keeps attracting interstate and overseas migrants thanks to its more relaxed lifestyle, affordable housing, and growing job opportunities. Population growth is a critical factor in the growth of the investment property market because more residents mean increased demand for housing.

Find The Right Investment Property in Adelaide

Adelaide’s rise is not a passing trend. With growing infrastructure and a real estate market turning heads, Adelaide’s economy is set for long-term growth. The city’s lifestyle, affordability, and job opportunities are drawing people from all over, creating a strong demand for housing. For investors, this presents a golden opportunity to tap into a growing city that is only getting started.

My Money House is here to help you get your investment journey started on the right foot. Whether you are looking for a property or need help managing one, we are here to help. Contact us to know how we can help you.

Why Choose Property to Invest in?

Posted on 26 October 2018 | by mmhadm

Australia’s real estate market has been growing at a steady pace for the past few years. According to the latest reports, new home listings were 12% higher across Australia in July 2024 than at the same time last year. Experts also believe more buyers and renters will be on the hunt for a new home this season.

In other words, more and more Aussies are seeing investment property as a secure way to grow wealth, especially with consistent demand pushing up values. It’s a great way to ensure a steady income and long-term capital growth. In some situations, you might be able to enjoy tax breaks, which would help you grow your portfolio more efficiently.

This post from My Money House experts will guide you through why investing in property makes sense and how it will help you grow your wealth.

Let’s go.

Why Invest in Property?

Investing in property can be a great strategy to increase your wealth. People invest in property for the following reasons:

1. It’s a Stable Investment

Property is stable. In fact, property prices go up over time at a steady pace. Any losses in property values are in the short term and the long-term property prices will increase. Even today, the real estate market in Australia is showing promising growth.

For instance, the median rental prices for houses in Adelaide went up by 10.7% while unit and apartment prices soared by 7.2%. You can expect a good return if you own an investment property in Adelaide. You can rent a house for $620 PW with an annual rental yield of 3.7%, and units can go for $557 PW with a rental yield of 6.0%.

2. Easy to Understand

While stocks and other investments offer good returns, property is very easy to understand – property language is used in everyday life, and there are limited products available to buy and sell property.

You don’t need to be an expert to grasp property investment basics. The market is relatively simple, with fewer variables than shares or hedge funds, where company performance and global events play a big role.

3. More Leverage Opportunities

Unlike most other investments, property is easy to leverage. It is easy to obtain a loan against a property, as property is a secure investment. This means you can buy an investment property with lower upfront costs. When you rent out your property, the rent can be used to pay the repayments on your loan.

4. Rental Income and Long-term Returns

When you buy an investment property, you can generate passive income through rent. In Australia, rental yields can range from 3-5%, depending on your location. This cash flow can cover your mortgage and other expenses. Over time, as property values increase, your rental income can also grow, providing even better returns.

5. Tax Benefits

The Australian government offers several tax benefits for investing in property. For example, if you have owned the property for more than a year and are an Australian resident, you may be entitled to a 50% discount on the capital gains tax. Depending on your location, property size, and income, you may be able to enjoy other tax benefits.

6. Diversification

Diversification is a cardinal rule of investing, and investing in a property helps diversify your portfolio. Unlike stocks, which can be volatile, property tends to be more stable and offers long-term returns. Having a mix of assets like these can protect you from market fluctuations, ensuring that not all your wealth is tied to a single investment.

7. Building Equity for Your Future

As your property investment increases in value, you build equity. Over time, you can use this equity to leverage other investments, which allows you to grow your portfolio without needing a large amount of cash. Many investors use this strategy to continue expanding their assets.

8. Better Control Over Your Investment

When you invest in shares or managed funds, you’re often at the mercy of company directors or hedge fund managers. But with property investment, you have direct control. You can decide whether to buy an old or new house and when to buy, sell, renovate, or lease it. This freedom gives you more power over your financial planning.

9. Hedge Against Inflation

Although Australia’s inflation rate (2.7%) is at its lowest since 2021, it’s a stark reality. However, property investment is an effective hedge against inflation. As the cost of living rises, so do property values and rental prices. Investing in property helps your asset appreciate with inflation and maintain or grow your wealth in the long run.

10. Growing Demand

Australia remains one of the fastest-growing countries in the world. Since 1960, the urbanisation rate in the country has been above 80% and reached 86.62% in 2023 — the highest ever. Several things are responsible for this tremendous growth, such as the growing economy and increasing immigration.

This growing population and urbanisation are creating increased demand for housing, particularly in major cities like Sydney, Melbourne, Adelaide, and Brisbane. That, in turn, drives property values up, making it an attractive long-term investment.

How Does My Money House Fit into This?

With a staff of over 60 in Adelaide and Perth and years of cumulative industry experience, My Money House has been a go-to for all things property investment in South Australia. Since we opened our doors, we’ve been a customer-centric business.

We will help you to develop and implement your property investment strategy through:

Helping you to understand property as an investment.
Setting a budget and understanding your financial capacity.
Researching the property market to find you the best opportunities.
Understanding the numbers to know when investments are great opportunities.
Appointing your team of dedicated experts with much experience in their fields.
Building your property portfolio so that you can leverage new property purchases against your portfolio’s equity.

Simplify Your Property Investment with MMH

Thanks to the growing Australian economy, property investment is fast becoming a reliable way to build wealth. Its stability, the ability to leverage, and tax benefits make the property an appealing option for investors. While no investment is without risk, property remains a solid, long-term choice that can help you achieve your financial goals. Whether you’re just starting or looking to expand your portfolio, now is an excellent time to consider property investment.

MMH can help you invest, secure a mortgage to buy a property, manage tenants and collect rent. We are your one-stop shop for all things property investment. Contact us today to get started.

Motor Vehicle Finance Options Available in Australia

Posted on 26 October 2018 | by mmhadm

In Australia, owning your own ride is often a necessity, whether for work or personal use. It’s no wonder there were over 20 million registered motor vehicles in the country as of 31 January 2021, a 1.7% increase from the previous year.

However, buying your dream car comes with a hefty price tag. That’s where motor vehicle finance can help. Whether looking for a new or used car, financing options allow you to spread out the cost and drive away without the strain of paying upfront.

But which is the best motor vehicle finance?

With so many options, it is natural to feel overwhelmed. Don’t worry. Curated by the experts at My Money House, this post will walk through the different motor vehicle finance in Australia.

Let’s get cracking!

Car Loans

A standard car loan is one of the most common motor vehicle finances in Australia, with 23.6% of Australians having one in 2024. Typically, you will come across two types of car loans:

1. Secured Car Loans

Considered the best motor vehicle finance in Australia, a secure car loan requires your vehicle as collateral. In other words, if you default on the loan, the lender has the right to repossess your car. A secured loan typically has lower interest rates because the lender carries lesser risk.

The benefits of a secured car loan include:

Flexible loan repayment periods for 2 to 7 years
The option for a residual value to reduce the monthly repayments
Competitive interest rate
A lump sum option to reduce the balance owed on the loan
If the car is used for business purposes, a tax deduction can be made
Lower interest rates due to the loan being secured against the vehicle

2. Unsecured Car Loans

If you prefer not to use your car as collateral, an unsecured loan might be your next best motor vehicle finance option. These loans don’t require you to tie any asset to the loan, but they tend to come with higher interest rates since there is more risk to the lender. Unsecured car loans are more flexible, making them a good option for individuals with a good credit history.

Novated Lease

If you’re an employee looking for a tax-effective way to finance a car, a novated lease is an excellent option. A novated lease works in the following way:

The Novated Lease is a three-way agreement between you, your employer and the finance company.
You will be using your pre-tax income to pay for the novated lease.
You are the legal owner of your vehicle.
You will be able to choose the vehicle that’s right for you.
You will enjoy a higher disposable income.

A novated lease can offer significant tax savings for employees, particularly those in higher tax brackets. Keep in mind, though, that if you leave your job, you’ll need to take over the lease payments or negotiate a new agreement with your new employer.

Leasing Options

Vehicle leasing is another motor vehicle finance option that lets you drive the car you need without the burden of ownership. Typically, you can get:

1. Finance Lease

Under a finance lease, you can lease the car for a fixed period and make regular payments to the lender. You don’t own the car, but you have the option to purchase it at the end of the lease term by paying a residual amount. This motor vehicle finance works well for businesses that require flexibility in upgrading their vehicles.

2. Operating Lease

An operating lease is a short-term arrangement where the leasing company owns the car. At the end of the lease, you simply return the vehicle with no option to purchase. Operating leases are perfect if you want to avoid the hassle of ownership and prefer to upgrade your fleet regularly without worrying about depreciation or resale value.

Personal Loans

You can consider a personal loan if you are not looking for traditional motor vehicle finance in Australia. Personal loans can be used to finance a car and are generally unsecured, meaning you don’t have to provide collateral.

However, like an unsecured car loan, interest rates tend to be higher because the lender assumes more risk. The upside is a personal loan offers flexibility in how you use the funds, making it perfect if you want to finance both the car and other related expenses, like insurance or modifications.

How to Choose the Right Motor Vehicle Finance?

With several motor vehicle finance options, choosing the right one will require some research. Here are a few factors you need to consider:

1. Budget

First, think about how much you can afford in monthly payments. A finance option with a balloon payment might suit you if you want lower repayments now but can manage a large sum later. We recommend using our motor vehicle finance calculator to get a clear picture.

This tool will help you understand:

Monthly repayments
Interest rates
And the total amount payable over the life of the loan

Use this motor vehicle finance calculator to compare different loan terms, interest rates, and down payments to find what fits your budget.

2. Ownership or Leasing

Do you want to own the vehicle outright or have the flexibility of leasing? If ownership is your goal, a secure car loan may be better, while a novated lease or finance lease is perfect if you want flexibility without the commitment of ownership.

3. Tax Considerations

If you want to use the vehicle for business, a finance lease can provide tax benefits. A novated lease also offers tax savings for employees.

4. Flexibility

Some options, like a finance lease or a novated lease, allow you to return or upgrade the car at the end of the term. This is a good choice if you want the latest model or are unsure about keeping the vehicle long-term.

Get The Best Motor Vehicle Finance in Australia

Whether you want to buy it for personal use or business, financing a vehicle is a major decision. Choosing the right option can save you time, money, and stress. So, take your time to understand your financing options and weigh their pros and cons carefully before you sign a loan agreement.

My Money House offers a variety of motor vehicle finance, from secure car loans to novated leases and personal loans. We provide solutions tailored to your needs, whether you are a first-time car buyer, a business owner, or just looking for a new vehicle.

What kinds of Business Finance can My Money House provide?

Posted on 26 October 2018 | by mmhadm

My Money House provides business finance too small to medium sized businesses. My Money House have a Commercial Finance Broker on site to ensure you get the best Business Finance to suit your needs. The Business Loans that My Money House can obtain for you include:

Working Capital – This loan can be secured against your business or unsecured. If the loan is secured the interest rate is lower. This finance will cover costs like negative cash flow, paying suppliers and employees’ wages. Repayments commence after you have drawn down on your working capital loan.
Purchase a Business – A loan to finance the purchase of a business. You will need to provide financial statements of the business including cash flow, profitability, tax returns, sales forecasts and growth potential. We will also need to see your qualifications and personal assets and liabilities.
Commercial Business Loan – To purchase real estate for business operations including retail, industrial, an office complex, aged care facilities, hotels, and apartments. This loan can be for buying land, property development or construction.
Equipment and Vehicle Finance – To purchase motor vehicles; commercial vehicles; plant and machinery; agricultural equipment; computers, photocopiers and phone systems; medical and dental equipment; office equipment; and general business equipment.

Visit My Money House for more information about Business Finance.

How Can My Money House Secure Me the Best Car Loan?

Posted on 26 October 2018 | by mmhadm

My Money House has assisted thousands of people to obtain the best car loans that suit their needs. We discuss your needs and explain all the features to get you the best car loan. The items that we discuss include:

The make of the vehicle you would like to purchase
If your vehicle is new, used or demo vehicle
Whether the car is used for business or private purposes
How much money you need to pay for the vehicle
The period of the loan from 2 to 7 years
The option to have a residual amount at the end of the contract to reduce the payment amounts
The option to put down a deposit for the loan
Lower interest rate due to the loan being secured against the vehicle

Once My Money House understand your needs, we can compare the features of a list of car loans from different banks and financial institutions and find you the best car loan to suit your needs.

Please visit My Money House for more information about a car loan.

How Does Enter The Market Assist First Home Buyers?

Posted on 25 October 2018 | by mmhadm

Property Specialists at Enter the Market understand the needs of first home buyers and can assist you in the following ways:

Explaining the process to understand the requirements and ensure a smooth transition into a brand new first home.
Only a $3,000 deposit is required to secure your first house and land package.
Access lenders where you are not required to make payments during the construction phase of your loan to ensure you can continue to pay your rent during this period.
Fixed price house and land packages are available to first home buyers so there are no nasty surprises and variations to contracts costing more money.
A guaranteed build time to ensure your new home is ready to move into at the handover date.
Quality house and land packages are available through South Australia and Australia wide.
Giving you access to information about the First Home Owners’ Grant and assisting you with understanding the criteria and lodging your application.
If you choose to build, Enter the Market can give you access to a range of builders and plans to find a home for you.

Contact Enter the Market today.

How does My Property House manage my investment property?

Posted on 25 October 2018 | by mmhadm

My Property House has a process to ensure that you get the best tenants possible and rent for your investment property. This process includes the following:

Appraising your property to understand the rent that you can obtain from your investment property.
Having a database of reliable renters whom pay their rent and leave the property in excellent condition.
Regular inspections on all areas of your property and reports on your investment property with zero tolerance rent control.
Photographing the property to ensure the landlord has peace of mind at the landlord’s request.
No smoking inside the premises with a clause in the tenancy contract.
A reliable maintenance request system to ensure that the property is kept up to a standard and has a positive return.
Exceptional communication from My Property House which is expected from you in return.

We work with you every step of the way and even have landlords interstate that we keep informed about their properties. My Property House customers are always happy with their rental returns and the condition of their properties. For more information about managing your investment property, contact My Property House.

Maximize Your Property Investment Finance – My Money House

Posted on 25 October 2018 | by mmhadm

My Money House have finance specialists that can assist you to find the best loan for property investment. They have a range of investment loans to choose from and will help you to:

Understand the different investment property loans on the market and what their differences, options and terms are.
Provide real choice, looking to find you the right deal.
Work with multiple lenders, not just one and keeping competition alive.
Negotiate a better interest rate with options and terms that suit your needs and investment time line.
Help at a time and place that suits you whether at work, home or at the My Money House office.
Doing the legwork for you by reviewing the loans available, understanding your priorities and selecting the investment loans with the best options for you.
Ensure all the paperwork is complete and accurate.
Save you time and stress, and getting things moving as quickly as possible.
Lodging the property loan application for you.

My Money House Finance Specialists do all the hard-work for you. We will ensure that your investment loan meets your needs and takes into consideration your priorities.

Contact My Money House today.

How Does My Money House Save Me Money On My Home Loan?

Posted on 25 October 2018 | by mmhadm

My Money House has accredited and experienced Mortgage Brokers that can assist you to find a home loan to suit your needs.

We have a range of approved home loans from different banks and financial institutions that we can choose from to ensure you get the best loan. These home loans have different interest rates and could have a redraw facility, offset account, options for extra payments, split loan, no ongoing fee, and/or mortgage insurance.

We work with you to discuss what each of these options are and which ones are important to you in a home loan.

Line of Credit – You can pay into and withdraw from this account and keep up with regular repayments. Your income can be paid into this account to help pay off the mortgage sooner.

Offset account – A separate account that you have your pay paid into which decreases the balance of your loan account to reduce the interest paid.

Flexible payments – Paying more money into the loan when you have that money available to reduce the interest paid.

Flexible rates – Fixed or variable interest rates, depending on which way interest rates are heading and how you can save on interest paid.

My Money House will give you the best comparison rate based on your needs in a home loan.

Take our Home Loan Comparison today.

What Defines a Great Property Manager?

Posted on 3 October 2018 | by mmhadm

The Australian real estate market has been booming, with 2024 seeing significant rent hikes across the country. The median weekly rent in Australia is now at $627, which is 8.5% higher than this time last year.

This record surge in rent prices presents a great opportunity for you to maximise returns on your investment property. But with higher returns come greater responsibilities, and managing a rental property can be challenging, especially in such a competitive market.

To truly get the most out of your investment, you need a reliable and experienced manager who can handle everything from tenant screening to maintenance, rent collection, and legal compliance. A skilled investment property manager keeps your property well-maintained, tenants satisfied, and your income steady.

But how do you find someone so good?

Let’s find out.

6 Things to Look for in a Skillful Property Manager

1. Strong Communication Skills

One of the first things to look for in an investment property manager is their communication skills. As managers deal with property owners, tenants, maintenance workers, and real estate agents, their job heavily relies on proactive and professional communication.

Clear and prompt communication helps avoid misunderstandings, which is often at the heart of property management. For instance, if a tenant reports a leaky tap, a skilled manager will act quickly and inform both the landlord and the tenant about the next steps. This helps build trust between tenants and landlords.

2. Organisational Skills

With multiple properties under their wing, a property manager must stay organised. Handling maintenance requests, lease renewals, inspections, and financial reports require excellent time management and organisation. If these tasks aren’t managed properly, things can slip through the cracks, leading to bigger problems.

For example, in Australia, regular property inspections are legally required, especially when renewing or ending a tenancy. A good property manager must ensure these inspections are timely and thoroughly documented. While a property management software can help, the ability to manage everything without feeling overwhelmed is still a critical skill.

3. Knowledge of the Local Market

Setting the right rental price is perhaps the most important role of a manager, without which your investment property wouldn’t fetch the desired profit. A great manager knows the local market and understands what influences rent prices, like location, property size, and market demand.

Rental markets can vary widely from one suburb to another, even in the same city. For example, Adelaide’s rental market is vastly different from a small town like Gawler. So, your property manager should be aware of the ever-changing real estate regulations.

Failing to keep up with compliance can lead to hefty fines. But with a professional handling your property, you shouldn’t have to worry about changes in rules. This means staying updated on tenancy laws, rent controls, and bond regulations, which may differ between cities and states.

4. Financial Management

Your manager must be good with numbers. Investment property management involves collecting rent, managing a budget for repairs and maintenance, and handling invoices, which requires your manager to be good with numbers.

If your rent collection gets delayed or repairs go over budget, it affects the profitability of your investment property. Likewise, your manager needs to know how to handle security deposits in case of damages. All of this rests on meticulous record-keeping and transparency.

5. Tenant Management and Retention

Happy tenants tend to stay longer, reducing the cost and hassle of finding new ones. Your investment property manager should know how to maintain a good rapport with tenants.

This includes:

Promptly addressing tenants’ concerns
Ensuring the property is well-maintained
Conducting regular check-ins

While it’s not mandatory, your manager should also know how to screen tenants properly. It’s a standard practice to keep your investment property safe. As a professional, your manager should run background checks, review rental histories, and verify employment details.

When your tenants decide to leave, a skilled manager makes it as smooth as possible. This includes final inspections, returning bond money, and finding new tenants quickly to minimise vacancy periods.

6. Problem-Solving Skills

In investment property management, problems may arise from time to time. Whether it’s a broken vent, a dispute between tenants, or a delayed rent payment, your manager needs to solve them efficiently.

As a manager, they should not ignore any issues, even if it seems something minor like a noise complaint. Instead, your manager should mediate the situation and ensure the complaint gets addressed as amicably as possible. This means the manager must remain calm under pressure and find practical solutions that work for everyone.

Why Choose My Money House

A great manager will look after your investment property with due care and ensure that your investment property is maintained, and your tenants pay their rent on time.

At My Money House, our property manager will undertake the following tasks for you:

Utilise our superior web-based property management system to ensure your property is maintained.
Ensure that high-quality tenants are obtained.
Take pictures during inspections to assure you that your property is being looked after.
Maximise rental income and minimise maintenance costs.
Receive regular communication and routine inspections on your property.
Ensure superior returns through rent increases, low vacancy rates and a zero tolerance to rent arrears.
Obtaining quality tenants that are reference and employment checked.
National exposure through being Members of the Real Estate Institute in SA (REISA), QLD (REIQ), NSW (REINSW) and VIC (REIV).
Accessing a large network of renters in an up-to-date database.

Conclusion

A great property manager is more than just someone who collects rent. They communicate protectively, keep every aspect of your property organised, and keep your tenants happy. They also understand the local real estate market, stay updated on legal requirements, and keep your investment property in top shape. In short, they are the connecting link between maximising your returns and creating a positive experience for the tenants.

If you are a landlord in Australia looking for a great property manager, My Money House can help you. We are your one-stop shop for all things property management. Contact us to know how we can help you.