Renter sparks outrage over Aussie flag ban<\/a><\/p>\n![\"\"\/](\"data:image\/svg+xml,%3Csvg)
<\/p>\n
The property after the $1232 slashing job. Source: Supplied<\/p>\n
<\/p>\n
Was it worth the money? Source: Supplied<\/p>\n
He said the sting of the invoice showed why investors need to budget for the hidden costs that come with neglected or vacant properties, especially in regional areas.<\/p>\n
\u201cThis expense just highlights why investors should budget for ongoing maintenance, notices from council like this, or unexpected expenses, particularly when buying vacant or neglected properties in regional Australia,\u201d he said.<\/p>\n
\u201cVacant blocks don\u2019t stop growing because you\u2019re waiting on renovation approvals.<\/p>\n
\u201cCouncils quite rightly expect owners to maintain their properties, especially in bushfire-prone areas.\u201d<\/p>\n
<\/p>\n
Property investor Charles Corby has purchased the grand renovated Newtown mansion, Kelvin. 11 Aphrasia St, Newtown<\/p>\n
<\/p>\n
Mr Corby said it can be especially tough for remote investors, with limited local trades often charging a premium because of strong demand and low supply.<\/p>\n
\u201cWe love to employ locals in these regional and remote areas but it\u2019s not always possible due to pricing or availability,\u201d he said.<\/p>\n
\u201cWe haven\u2019t found someone to maintain the lawns yet but will try local Facebook groups and maybe purchase a mower and leave it locked up onsite, or schedule our trades to do works on our properties periodically to make sure we can maintain the lawns.<\/p>\n
\u201cLawn care of properties is not something you think about when it comes to holding investment properties that are undergoing renovation, but it\u2019s definitely made me add it into the forecasts now, especially when the price can be so high.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"A property investor who snapped up a run-down duplex for just $69,000 says he never imagined he\u2019d soon…\n","protected":false},"author":2,"featured_media":849719,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[64,63,99],"class_list":["post-849718","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-au","tag-australia","tag-business"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/849718","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=849718"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/849718\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/849719"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=849718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=849718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=849718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}