There’s a spotlight on the rental market, but to be fair it’s been there for some time. Changes in regulations, interest rate adjustments, vacancy rates, cost-of-living crisis, all amongst the everyday obligations of being a landlord such as maintenance/repairs, tenancy changes and the like… It can be hard to cut through the noise of it all sometimes.

The role of private landlords in the Australia economy is as valuable as ever. As the population grows, so does its need for housing. For a large proportion of the population who choose to rent, finding a suitable place to call home can be challenging, as we’ve witnessed over the past few years. Not all property suits would-be tenants, and location is a key consideration for both investors and tenants.

While there are undoubtedly challenges that come along with being an Australian landlord, no doubt the reason you chose this path – property investing, that is – is for the many benefits. Whether it’s your nest egg, or perhaps you’re planning further into the future looking to amount a generational portfolio, the long term benefits of property investing are considered. Overcoming the intermittent challenges that may be impacted by the economy, a shift in demographics and inevitable aging of a property can be a frustrating bump in the road or the sign for new direction.

Engaging a property manager will help you through the process of not merely ensuring the property is rented and kept to a standard, but support you through the effective management of one of your most significant assets; it is a vital tool in the property investors belt. Finding suitable tenants, ensuring legal obligations and dates are met, coordinating maintenance and repairs, on top of ensuring rent does not fall into arrears is where a property manager steps in. While some landlords choose to self-manage, it can be difficult to keep on top of changing regulations and understanding what they mean for individual circumstances.

2024 has seen a flurry of legislative changes, with the forecast for 2025 appearing to be similar with upcoming amendments and chatter of what may/may not be introduced.

RE/MAX is dedicated to keeping a finger on the pulse of not only what is happening in the local market, ensuring your property stays both cared for and competitive, but in how the industry as a whole may be affected by legislative changes.

Let us help you tune out the noise to remain focussed on making the most out of your investment. Your property remains important to us and our property management team are here to support you in the ever changing real estate market. You are making a difference in the Australian real estate landscape.