Pillar Property in Castle Hill, New South Wales, Australia | Property

Pillar Property

Locality: Castle Hill, New South Wales, Australia

Phone: 1300 781 824

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24.01.2022 While Sydneys CBD remains in pandemic-induced hibernation, the citys second CBD, Parramatta, is tipped to emerge as a bright spot following the coronavirus crisis. Newly-released plans from the NSW government for Parramattas central business district will now aim to unlock more than 50,000 jobs while adding 14,000 new homes to Sydneys west.

24.01.2022 Apart from setting the standard with your tenants, that the property is being checked regularly and thoroughly, there are other good reasons to conduct regular and thorough routines inspections. 1) Getting Insurance claims paid - In the event of an insurance claim, your insurance claim assessor will usually ask the property manager for a copy of the last 2 routine inspection reports. In the absence of thorough reports showing the property's condition before your claim, your... claim may be denied. 2) Lowering your maintenance costs - small issues if left unattended can become expensive problems and this is where a trained eye will save you money. Preventative maintenance is far more cost-effective than complete replacements. Things such as clogged gutters, deteriorated sealant in kitchen and bathrooms, tree roots becoming invasive, and branches overhanging roofs can be lead to major expenses if not addressed. 3. Improving your income - Most property investors want regular rental increases or ultimately to generate more income from their property. Getting the balance right between increasing the rent and retaining good tenants will determine the cash flow that you generate from your property. The routine reports can provide valuable insight into how the tenants are looking after the property and can play a big part in setting the rent going forward. 4. Minimising vacancies - Regular and proper inspections enable a property manager to build rapport with tenants and when tenants feel respected they will often share their future plans with the property manager. Knowing that a tenant has plans to vacate the property in the coming few months enables the property manager to prepare and plan well in advance, which ultimately reduces your vacancy period. 5. Adding value to your property - Many property investors have the goal of growing their property portfolio's and this is only possible when their equity base and cash flow allows. Your property manager is your eyes on the ground and can provide you it valuable intel regarding what improvements you could make to the property to make it more appealing and ultimately add value. So when you need to refinance and your bank valuer walks through your property, you can achieve the highest potential value of your property. And the bank valuer will be a lot more impressed if your tenants have the property well presented. Should you need any help with your investment property, please reach out to us. #pillarpropertymanagement #investmentproperty #cashflow #propertyinvestment #investments

24.01.2022 Agents listing appraisals (CMAs) have increased 23.94% from last week. Appraisal are down 16.66% from the same calendar year period last year. And this is a long way from the 40% to 60% drop that we were seeing. So it appears that some confidence is returning to the market with vendors seeking more appraisals.

24.01.2022 Today further guidelines were announced with regards to tenancy issues due to Covid-19. To meet the requirements for 60 day stop on evictions and the longer six month restrictions, a household needs to demonstrate they are impacted by COVID-19.... - : - one or more rent-paying members of a household have lost employment or income (or had a reduction in employment or income) due to COVID-19 business closures or stand-downs, or - one or more rent-paying members of a household have had to stop working or reduce work hours due to illness with COVID-19 or due to COVID-19 carer responsibilities for household or family members, and the above factors result in a household income (inclusive of any government assistance) that is reduced by 25% or more. - All tenants who are not impacted by COVID-19 are expected to honour their existing tenancy agreements including paying all rent and charges in full.

23.01.2022 For property investors that have purchased a property since Covid 19 started - PLEASE NOTE, TERRI SCHEER IS NOW PROVIDING LANDLORD INSURANCE IN ALL STATES EXCEPT VICTORIA.

23.01.2022 We listed this Central Coast property on Friday and received 16 applications over the weekend! Busy Monday sorting through them to select the best tenants for our client. Thanks the referral BFP Property Buyers , great buy for your client. #propertymanagers #investmentproperty #propertyinvestment

22.01.2022 QLDs 3 stage road map out of restrictions.

22.01.2022 We just leased this stylish 2 bedroom apartment in the Brisbane suburb of Ashgrove. Current tenants vacate on the 7th of August and the new tenants move in on the 11th of August. Call us to learn how we can help you earn more from your investment property - 1300 781 824 - - -... #leased #days #rentals #propertymanagement #propertymanagers #brisbanepropertymanagers

22.01.2022 A good one to start a Friday! - -... #mindset #positivethinking #goals #propertymanagers

21.01.2022 In the Midst of Chaos, there is Opportunity. This quote by Sun Tzu from The Art of War is true in so many realms of our lives, not the least when we are talking about our personal wealth. The key to weathering the economic chaos is to find the opportunity within it.

21.01.2022 Multiple applications received today on 22 Coolalie St, Alderley. Looking to lease your property faster and for more, call Pillar Property on 1300 781 824. - - ... #brisbanepropertymanagers #cashflow See more

19.01.2022 Owner occupiers continue to dominate lending An increase in secured finance (excluding refinancing) to owner occupiers accounted for 85.6% of the uplift in money lent for the purchase of housing in the September quarter. The owner occupier, first home buyer cohort had the highest rate of growth in secured finance, at 24.4% in the quarter. This compares with an uplift of 23.1% for changeover owner-occupiers and an 11.3% rise in investors. It is worth making the distinction that while first home buyers had the fastest growth in lending over the quarter, the majority of secured finance (53.1%) still went to ‘change over’ owner occupier buyers, such as upsizers and downsizers. A summary of the composition of lending since the onset of COVID-19 in March is compared with the back series average below, which starts in July 2002.

19.01.2022 - ? I think two of the most useful lead indicators on the property market direction are agent appraisals and the number of new loans (mortgage activity). The number of CMAs (or vendor market appraisals) that real-estate agents generate is a leading indicator of new property listings. CMAs via Corelogic are down 64.46% from the same 7 day period last year. So new property listings will likely decrease in the next 4 to 6 wee...ks. The number of new loans for property purchases are down 49% from the same 7 day period last year. So if agent appraisals correlate with new listings, then new listings could fall by, say 65% and property purchases (via new loans) could fall by, say 50%. So whilst there is fewer people looking to buy property (new loans), there has been a greater decrease in those looking to sell property (new CMAs). The interplay between appraisals and loans are worth keeping an eye on as that provides us with an indication of supply and demand, which in my mind will determine the level of the ongoing change in prices and speed of the recovery.

18.01.2022 At Pillar Property, we have a rental vacancy rate of only 0.75% and are leasing all properties very quickly for our clients. We are looking for more clients to help and more properties to lease. Please don't hesitate to contact us with any property management questions. ... #propertymanagers #investmentproperty #propertyinvestment

18.01.2022 Rental affordability has improved to its best result in more than a decade, driven by coronavirus-induced rent reductions, according to the latest quarterly report from the Real Estate Institute of Australia. The proportion of income required to meet rent payments decreased to 23.3 per cent in the quarter, a decrease of 0.4 percentage points over the quarter and down 0.5 percentage points compared to the same time last year, analysis reveals. The rental market has also been a...wash with Airbnb listings as a result of the travel ban, while online-only learning has pushed thousands of students to forgo rental accommodation and return home. Inner-city markets in Sydney and Melbourne have been the most heavily affected due to the service economy downturn, as people working in industries hardest hit by Covid-19 were also most likely to rent. Need to lease your property for more and faster - Call Pillar Property today on 1300 781 824 #propertymanagemt #pillarproperty #propertyinvestment

17.01.2022 According to the CoreLogic Home Value Index results out today, Australian housing values have not seen any evidence of a material decline in April, despite a sharp drop in market activity and a severe weakening in consumer sentiment. Although most regions recorded a rise in home values through April, the national monthly pace of growth more than halved, dropping from 0.7% in March to 0.3%. The number of transactions (sales) has fallen however, values remain steady. As this is attributed to many sellers holding off with their plans and buyers equally holding back.

16.01.2022 Are you getting the best from your investment property? Talk to Pillar Property today to see how we can help you - 1300 781 824 - - #propertymanagers #leased #cashflow

16.01.2022 Construction on Queenslands biggest infrastructure project, the $5.4 billion Cross River Rail is quickly taking shape. When realised, the Queensland government-led project will comprise a 10.2 kilometre rail line which will run from Dutton Park in Brisbanes southern suburbs to Bowen Hills in the citys north, with a 5.9 kilometre-tunnel under the CBD. The projects main aim is to unblock the commuter bottle-neck within a city which is rapidly growing along its famous winding... river. Demand for Brisbanes rail services is forecasted to double by 2026, and triple by 2036 and the project seeks to respond to these pressures.

16.01.2022 There might be a global pandemic but our focus and determination to take care of our clients investment properties has not changed. - - - #propertymanager #leased #brisbanepropertymanagers #sydneypropertymanagement #investmentproperty #cashflow

15.01.2022 Australia is one of just 10 countries to retain its AAA credit rating through the coronavirus-induced global recession, after Moodys Investors Service affirmed the pristine rating and maintained its stable outlook for government finances. Moodys said on Tuesday night that Australias AAA stable credit rating reflected the economys strengths and good governance, including health management, that will support the countrys resilience in response to the coronavirus pandemic.

15.01.2022 Size is back on peoples agenda The recent experience with Covid-19 has certainly caused more families to look for bigger homes and caused others to add extra rooms to the existing home. Recent trends to butler’s pantries, mudrooms (storage for boots, coats and wet clothing) and home theatres have given more families justification to build bigger homes.... The size of the average new apartment lifted 6 percent over the past year, hitting a decade high of 136.8 square metres. Apartment sizes, which hit a 22-year low in 2017/18 before a slight increase in home size in 2018/19, have now lifted for the past two years.

15.01.2022 22 Coolalie St, Alderley is a fantastic property and is available for rent from the 14th of September. Great buy Ben Plohl from BFP Property Buyers and thanks for the referral. - - ... #brisbanepropertymanagers #cashflow See more

14.01.2022 Never forget, always remember 11th November at 11am

12.01.2022 Parramatta apartment with house-like proportions - $495 per week - Great location! - 2 bedrooms with ensuite bathroom - Modern kitchen with gas cooking ... - Huge private entertaining courtyard or play area - Generous internal storage - Internal laundry - Security car space Call Pillar Property now to book your private inspection - 1300 781 824

12.01.2022 Inner-city Sydney and Melbourne to be the hardest-hit rental markets Preliminary listings data estimates that between the week ending 22nd of March and the week ending 26th of April, the number of properties for rent have increased 0.8% across Australia. But the most remarkable increases were in the inner-city regions of Melbourne and Sydney, where rental listings have risen over this short period by 36.2% and 34.1% respectively.

11.01.2022 - A working paper published on Tuesday by the University of Sydney and the University College London Institute for Innovation and Public Purpose, discuss the rentierization of the Australian housing market. - - The paper looks at housing price inflation in Australia, trends, and potential causes. It examines the interplay between housing price growth to wages growth and construction prices. - - Real home prices across Australia have climbed 150 percent since 2000, while re...al wages have climbed by less than a third. - - Australia has become something of a world leader in demand-driven home price inflation. Australians have been increasingly buying housing for the purpose of securing financial returnsboth capital gains and rental income, in a process often described as the financialisation of housing, but one that we think can be more accurately thought of as rentierization. - - link to the full article - - https://s.ripl.com/wcfrf0 See more

11.01.2022 Part 5A of the Residential Tenancy Act 2010 entitles tenants to minimum building standards and a tenant can apply under Part 5A to the Office of Fair Trading to obtain a rectification order. The problem is that a Landlord cannot affect these changes without the approval of the Owners Corporation. Part 5A provides that all rented properties should have the following minimum standards:-... A structurally sound building; Adequate light; Sufficient ventilation; Electricity and Gas; Plumbing and drainage; Water connection; Private bathroom facilities. It is more important thant ever to have a skilled and knowledgeable property manager representing you to help you navigate the complexities of these laws. #propertymanagement #protectyourinvestment #propertyinvesting #propertyinvestment

11.01.2022 Its always a pleasure going the extra mile for our clients. - - #pillarproperty #happyclients #goodreturns

10.01.2022 Great location, private and leafy outlook This apartment is located in sought after Lawrence St, Alexandria, and has a great Northerly leafy outlook. Other features include:... - Spacious apartment in a boutique complex - Sunny balcony with private and leafy outlook - 2 large bedrooms both with built in's - The main bedroom has an ensuite - Security basement parking Great landlord looking for long term tenants. Contact us to arrange your inspection on 1300 781 824.

10.01.2022 We leased this property in Western Sydney in 4 days. Now we are looking for more properties. Call us to learn how we can help you earn more from your investment property - 1300 781 824 - - #leased #sydneypropertymanager #happyclients

09.01.2022 We just leased this contemporary granny flat in the outer suburbs of Brisbane for our investor client. These affordable yet profitable rentals are always popular. Looking to lease your property faster and for more, call Pillar Property on 1300 781 824. - - ... #brisbanepropertymanagers #cashflow See more

09.01.2022 We just leased this Brisbane north property for our new clients within a few days of the property settling. Thank you @bfppropertybuyers for the referral and great deal for your clients. - -... #leased #brisbanepropertymanagers #cashflow See more

09.01.2022 We leased this 3 bedroom property in Sydney's Western suburbs after the first open. $20 per week higher than similar homes. Good marketing does matter! #propertymanagers #investmentproperty #propertyinvestment

08.01.2022 We just leased this spacious highest home, located in the northern suburbs of Brisbane. Previous tenants vacated on the 27th July and new tenants moved in on the 30th July. Thank you @ propertytwins for the referral. - -... #leased #brisbanepropertymanagers #cashflowpositive See more

08.01.2022 Scheduling annual home maintenance can save you thousands of dollars in repairs and replacements. And as we move into Spring, its a great time to tick a few of these items off the list. 1. Clean the gutters - A gutter clogged with leaves, sticks and other debris can cause a leaky roof or water damage to the interior or exterior of your home. 2. Trim the trees - Large overhanging branches can quickly fill your gutters and push against fences and walls. They can also be danger...ous when they break or be a fire hazard. 3. Remove the debris - Loose debris around the property, especially timber, is a haven for spiders, rodents, and termites. 4. Spray for pests - The best time to have your home sprayed is in early spring. By spraying in the spring, you have the opportunity to destroy nests and colonies when pest numbers are low. 5. Service the air conditioner - An air conditioners filters, coils, and fins require regular maintenance for the unit to function effectively and efficiently. 6. Clean the ceiling fans - Regular cleaning of the ceiling fans blades ensures correct functionality and also prevents the dust from flying everywhere when in use. 7. Clean the fireplace - As the weather warms and your fireplace moves into hibernation, its a great time to clean it. 8. Plan for the heat - Check the weather stripping around doors and windows to keep the cool air in. Cover windows that receive morning or afternoon sun with shutters or window coverings. 9. Spring clean - Lets face it, summer is for enjoying and entertaining family and friends and its just too hot to clean. Please dont hesitate to contact us with any property management questions. #propertymanagers #investmentproperty #propertyinvestment

08.01.2022 Elizabeth Bay apartment leased after first open. Multiple applications New tenants moved in two days after old tenants moved out Higher rent achieved than comparable properties... If you need your property leased quickly, give us a call on 1300 7818 24

08.01.2022 In a tougher rental market right now for landlords, especially with apartments, we are still successfully finding good tenants for our landlords properties. Call us on 1300 781 824 to find out how we can help you maximise the returns from your rental property. - - #pillarpropertymanagement #justleased #success #propertyinvesting #cashflow #propertymanagers #propertymanagement

07.01.2022 We leased this 1 bedroom Coogee apartment for our client in 3 days. The new tenant moved in 2 days after the existing tenant vacated. Call us to learn how we can help you earn more from your investment property - 1300 781 824 - - -... #leased #days #rentals #propertymanagement #propertymanagers #sydneypropertymanagers

06.01.2022 One of the important things to research before buying an apartment is how the outlook or view may be impacted by future development.

06.01.2022 Having the right property manager is more important than ever today with insurers not offering landlords insurance. Pillar Property Management are experts in increasing the returns for our clients whilst minimising their risk. - - #pillarpropety #brisbanepropertymanagers #sydneypropertymanagers #cashflow #propertyinvestment

06.01.2022 More than ever, landlords need experienced and capable property managers to steer them through these turbulent times. Overall, a stalling in underlying demand for accommodation driven by near zero migration, combined with a reduction in existing tenancy demand (as a result of job losses) plus a very likely increase in supply from empty AirBNB accommodation will likely mean we can now expect a rise in rental vacancies over this year. Prev...iously the forecast was for a gentle reduction in vacancies in 2020 as dwelling completions were (and still are) due to fall. On our estimates and other estimates, there are some 120,000+ properties nationwide at any point in time being used for short term accommodation via websites such as airbnb. And on our latest numbers for February, there were some 68,000 vacant rental properties available for normal leasing. I cant tell you how many property owners are going to switch back to longer-term leasing but there will be a number, especially if this plays out for longer. This is not a scenario here. This is our view. Our view is that rental vacancy rates are going to rise sharply over the short term. I think we can expect the rate to rise from the current 2.0% to north of 2.5% and perhaps north of 3.0%. That may not sound like much to you but if we do hit 3.0%, that would be a record high on our index which goes back to 2005. Rents would fall as a result. Perhaps our weekly asking rents index is already revealing some weakness with national asking rents for houses down by 0.9% for the month and 0.3% down for units. Source: Loius Christopher

03.01.2022 Very true! #Motivation #inspiration #realtor #realestate #goals

03.01.2022 Councils vision for the redevelopment of $700 million worth of land along Brisbane River including Eagle Street Pier has been unveiled in its City Reach waterfront masterplan.

03.01.2022 In Australia, failed waterproofing is the most common defect In high rise buildings nationally and while the total cost of building defects is expected to top $6.2 billion in the last decade, weather and water damage issues accounted for $1.4 billion of that totaland its a bill largely picked up by residents and insurance companies.

02.01.2022 Another inner-city apartment leased! Need to lease your property, call Pillar Property today on 1300 781 824 #propertymanagemt #pillarproperty #propertyinvestment