For those of you that are local, you might start seeing some action around the Tahmoor Central site over the next month or so with Civil works due to commence any time now... weather permitting of course!

LOOKING TO EXPAND YOUR BUSINESS??

Enquiry for the office space has been strong. For those of you that may be interested in expanding your business and considering the Wollondilly as a business location, we have received some great information about expected population increases and dwelling approvals in the area. This information can be obtained upon request to Linda Cairns 4861 0666 or linda@highlandsproperty.com.au.

Lauren Arentz is the founder of Wollondilly Home Loans. Wollondilly Home Loans is a locally based mortgage brokerage specialising in all areas of finance including business loans, car finance and equipment finance as well as home loans.

We regularly shop around for the best deal whether it is insurance, new cars or new appliances even your weekly shop, but do you regularly review your home loan?

Your home loan for most people is the single biggest expense in your life so you should be regularly reviewing it to ensure it still meets your needs and that you are getting the best deal for you.

If it’s been more than two years since it was last reviewed chances are;

• You are on an old rate plan – yes your lender may have dropped their rates but they may have other rates available to you, this is no different to your mobile phone plan, scarily the same happens with home loans

• You probably have more equity in your home, assuming the value hasn’t decreased and you have been making payments on time, you may be able to utilise that equity to increase your property portfolio

• Your loan may not be the best fit,  you may be paying for features such as a redraw or offset which some lenders include fee free in their loans or you may not have access to features that would make your life easier such as a debit card, ATM access or even the ability to transport your loan which is useful if you may be moving house again in the near future or top up your loan to access some of the equity available which is helpful to consolidate other debts or renovate your home.

The complete article can be read here

If you are unsure of where or how to start this process Lauren from Wollondilly Home Loans is ready to assist on 0455 171 172, email info@wollondillyhomeloans.com.au or you can follow her on facebook, www.facebook.com/wollondillyhomeloans.

I would like to sell my property, how much notice do I need to give the tenant to vacate?

There are many variables in this scenario so it is important to have a confidential conversation with your Property Manager before you decide to place the property on the market. Remember we are working for you, the landlord, so don't be afraid to ask questions or be worried the tenant will find out. Yes, we are legally obligated to advise them once a decision has been made, but before that stage we would rather you ask the quesion and make an informed decision.

The period of notice can vary depending on whether or not your tenant is in a fixed term lease, whether you would like the property vacant before marketing for sale, whether you would like to leave the tenant in place during the sales process and sell with vacant possession, or whether you would like to sell the property as an investment with the tenant on a fixed term. The status of your lease will determine the answer to this question. Notice periods can vary from 30 - 90 days on a continuous lease and if the tenant is on a fixed term you will have to wait for the term to expire before vacant possession is legally granted.

Also remember that your sales agent is required to give the tenant 14 days written notice of the property going on the market before they are allowed to show it to prospective purchasers.

Protect yourself, be informed and don't be afraid to speak to your Property Manager.