Time To Renovate: Top Tips For Your Investment Property in Perth
It’s a bit of an anxious time for the Perth property market at the moment. Tenants are currently finding it hard to secure rentals through all-time low vacancy rates, however, if you are the owner of an investment property in the Perth market, you are in a position of opportunity due to a series of time-specific factors.
As the loaming March 28th 2021 deadline approaches to signal the end of the Residential Tenancies (COVID-19 Response) Act preventing evictions and rental price increases, landlords should now be considering how best to position their property for maximum returns and growth.
Thanks to record low interest rates, booming mining activity, growing consumer confidence, and various government stimuluses, it is a great time to consider property renovations that can be implemented now ahead of the moratorium restrictions being lifted.
We explore some of the ways in which investors can introduce home renovations into their Perth investment property, which will not only drive rental returns, but also create a more comfortable, liveable and enjoyable home environment for ongoing and future tenants.