News

We have you covered with Insurance

First National has landlords covered
January 23, 2013 


Australians continue to invest in property as a proven path to long-term financial security and the summer months bring increased rental relocation activity, particularly in the early months of the new year.  However, many landlords and property investors neglect to protect their valuable asset by taking out appropriate insurance cover.

“It is important for landlords to realise the cover they need should extend beyond the normal building insurance policy, which does not cover things like willful damage to their property, failure to pay rent, or claims made against them by their tenant,” First National Real Estate CEO, Mr Ray Ellis said.

“Summer is always a busy time in the rental market as tenants find it more convenient to move at the start of the school year, and, the holiday letting market also produces increased interest.


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Industry News Digest

News Industry Digest January 2013

As technology continues to shape the industry, the traditional shopfront remains vital to recruitment of talented staff, according to two industry professionals.

A new survey has found that landlords who give their investments to a property manager are better informed, have more profitable investment properties, and are better off financially.

Mobile phone habits are still earning the industry criticism because agents continue to answer calls, instead of paying attention to their customers.


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New NSW pool safety 2013

New NSW pool safety requirements have been introduced

The NSW Government has changed the Swimming Pools Act 1992 (NSW) (SPA) and these changes affect the Conveyancing
(Sale of Land) Regulation 2010 (NSW) and the Residential Tenancies Authority 2010 (NSW).

Requirements
Pool owners must register each pool by October 2013 on a new statewide register which will become available in April 2013;
The local authority or an accredited certifier will conduct mandatory inspections every 3 years of the pool and a certificate of compliance will be issued where applicable; A property with a pool or spa being sold or leased after 29 April 2014 must have a certificate of compliance. The certificate of
Compliance will be valid for 3 years.

Mandatory inspections will be conducted by councils of tourist accommodation, visitor and multi-occupancy developments with pools every 3 years commencing on 29 April 2014.

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