Monthly Archives October 2011

The View Tax has to go

Posted by John Reid  /   October 24, 2011  /   Posted in Articles  /   No Comments

It is no wonder that Unit prices on the Gold Coast have taken a dive. Increased fees and charges have contributed to a significant devaluation of many investment properties. Add to that the fact that many investors have had to absorb a dramatic decrease in rental income

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Pets in Body Corporate Communities

Posted by John Reid  /   October 19, 2011  /   Posted in Articles  /   No Comments

There are many reports of tenants who have pets in their units or townhouses without permission. The larger the Body Corporate Community, the harder it is to police. I have even heard of tenants moving their pets out of the building when it is time for their

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Investment Units on the Gold Coast in Oversupply

Posted by John Reid  /   October 19, 2011  /   Posted in Articles  /   No Comments

The recent annual report of the Residential Tenancies Authority indicates that the vacancy rate on the Gold Coast is 5.5 per cent – much higher than other states. However, even more significant is the fact that many investors have been forced to reduce the rents drastically which

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The Costs of Apartment Living

Posted by John Reid  /   October 19, 2011  /   Posted in Articles  /   No Comments

There have been many recent reports indicating that the market value of apartments and townhouses in Body Corporate Communities on the Gold Coast has dropped significantly in recent times. The global financial situation has certainly contributed to this. However, another factor is the continuing escalation in fees

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