Management Advice
Investing in property is a powerful trend in Australia and can deliver lucrative returns if managed well within the terms of flexible interest rates and fluid markets. Whilst there is a degree of movement in property prices across the nation, our particular Northern Beaches pocket has remained consistently strong over time because of its proximity to the coast and immediate access to all major business districts in the Sydney region. Investment Services:
Seek peace of mind for your investment property. Cunninghams Property has been leasing properties in Sydney's Lower Northern Beaches and Middle Harbour region for over 15 years. Our professional experience enables us to arrange residential property with the utmost of care and get the jobs done, the first time, every time.
Put us to work for you:
In terms of leasing your property our dedicated Business Development Manager is a proactive rental specialist who ensures that each property receives personalised attention. We proactively market each property attracting the widest audience and minimising vacancy time.
Our property management team is able to give your investment the attention it deserves. With our database of well qualified prospective tenants this makes the transition of leasing your property less stressful and time consuming.
At Cunninghams Property we invite you to participate in tenant selection if you so desire and keep you informed every step of the way, from tenant selection to maintenance and repairs of your investment. Our small team of handpicked tradespeople has had extensive experience and are suitably qualified to ensure all repairs are carried out in a timely, cost effective and satisfactory manner.
Highly systemised, our department structure is designed to maximise the professional service levels by offering specialist roles in business development and leasing; property managers; accountant and administrative staff to maintain your property's management needs. We aim to exceed our own high levels of service.
Committed to continuous improvement, we ensure that professional training and personal growth is a priority for our team. Our comprehensive knowledge and experience provides an ongoing benefit to our clients. We are a passionate and enthusiastic team who thrive on the challenge that Property Management offers on a day to day basis.
Should you be interested in leasing your property, contact our Property Management Department on 02 9949 7077 to discuss your needs.
Local investors find advantages in property investment thanks to the Australian government’s tax incentives plus our region’s consistent performance. Reviewing our articles archive will give you further statistics and information on these areas. Overseas investors may also appreciate the following advice.
Overseas Investors
According to Australia’s Foreign Investment Review Board, (FIRB) by far the largest number of foreign investment proposals involve the purchase of real estate.Australia encourages foreign investments that contribute to the growth of our economy as long as they are also consistent with the needs of our community. Overseas investors will be scrutinised in accordance with this definition and with regards to property there are a various requirements depending on the type of property sought.
In summary, Australia’s Foreign Investment Policy requires approval for any ‘accommodation’, ‘vacant’ and ‘urban’ real estate acquisition and for any developed non-residential commercial real estate valued between $5 million - $831 million, dependant on certain parameters (explained in detail in FIRB’s General Policy Summary)
According to the Board, a foreign interest is briefly described as:
1. A person not ordinarily resident in Australia
2. A corporation, business or trust in which a foreigner and any associates have 15% or more ownership or in which several foreigners have 40% or more aggregate of the ownership.
Focusing on the properties that Cunninghams generally represents, foreign interests are normally given approval to buy:
- developments where construction begins within 12 months, no-one has previously owned or occupied the dwellings, and not more than half the dwellings in a development are sold to foreign interests
- certain developments falling within ‘tourism development’ guidelines.
- existing dwellings used by temporary residents as their principal place of residence while in Australia, which must then be sold once they move on.
*note – this advice is general in nature, based on the FIRB general policy summary, Dec 06. Please make your own enquiries for specific applications.
