More Money. Less Stress.

Setting new standards in Adelaide Real Estate
  • "Dear James, I just wanted to thank you for all your help and advice when you sold my family home. To know you have to sell your family home is a very emotional time and you were very kind to me. You are a great fellow. You know your business and you know your calling. Nothing was too much trouble and to sell my home for a great price before auction and after only 3 open inspections was fantastic! Many thanks for all your help."

    Marion Walton – Millswood
  • "James, I would like to thank you for your outstanding services to me when selling a property at Seaton. Your professionalism and excellent industry knowledge gave me outcome in a very short time. You always contacted me with updates and kept me fully informed. Your professional service was second to none. I would recommend you to any person thinking of selling their home because at all times you were working in my best interest, not just for a quick sale."

    Margaret R – Seaton
  • "James was extremely professional and helpful from the first point of contact to the final letting of our property. His professional and hardworking attitude mixed with his down to earth personality made us feel very comfortable. Even before James knew whether he would obtain our business he was happy to answer numerous questions and make sure that we knew exactly what would be involved with the rental arrangement. After comparing offerings from numerous other agents it was easily clear to us that James was the best man for the job. James screened and secured great tenants for us and ensured that all parties were 100% across all the ins and outs of the agreement."

    Tim H – Goodwood

“BLOC Property is a boutique Adelaide real estate agency offering a full suite of property related services. We have equipped ourselves with world best technology, marketing and systems to ensure world best results to match. Talk to us today to find out how we can not only save you money, but make you money as well.”

“Our property management is truly personal and our aim is to guide you on your way to achieving wealth through property. Our property management department is fully licensed and can discuss market conditions across Adelaide and Australia, property values and strategies. You just don’t see that any more… we strive to be your partner in all things property and we are here to stay.”

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June Market Update

Australian and Adelaide real estate has been sitting in somewhat of a holding pattern recently, recording very modest growth and realistically only just keeping pace with inflation, according to the most recent release from RPData Rismark.

May 2014 saw the first drop in capital city prices since May last year, and Adelaide did nothing to help that statistic by falling 1.8%. Despite the fall we don’t suggest cause for concern as the quarterly and annual performance suggests the Adelaide market is quite steady (up 1.8% and 4.3% respectively). The combined capitals are up 10.6% with Sydney leading the charge (16.6% growth year on year).

Housing density has also been a hot topic of late so it may come of interest to some that the year on year growth of houses in Adelaide (4.5%) is currently outstripping that of units (1.2%). Rental yields sit at 4.3% for houses and 4.9% for units across Adelaide, both of which compare favourably with the capital city averages.

You can read the entire report at the link below, or contact BLOC Property to see if market conditions are likely to affect your property plans.

RP Data Rismark May Release

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Recent changes to the Residential Tenancies Act

In 2013 a bill amendment was passed that makes dozens of amendments to the Residential Tenancies Act South Australia. The bill came in operation in March 2014 and it has many property managers and landlords asking “How will the new residential tenancies act affect me?”

For our clients and landlords, nothing much changes. As your managers we will adjust to changes in relation to notice periods and ensure compliance in all cases. Access hours to properties will be restricted and a more uniform and stringent approach to notice of entry will be implemented (7-14 days).

One of the more frustrating changes for landlords and property managers alike is that instruction manuals will need to be provided for all appliances in rental properties, including old appliances. This could pose several issues for partly or fully furnished properties.

We will also need to treat abandoned goods and “bad tenants” more carefully. Strict rules regarding entering bad tenants onto databases will apply and accurate records of abandoned goods need to be kept, to avoid fines of up to $2,500.

We believe it is unfortunate that again the law will be further skewed in favour of the tenant and will not provide any extra protection for our landlords. BLOC Property would have liked to have seen better rules around pursuing rental arrears by shortening the period of time before we can issue notices to pursue the tenant, and the allowance for increased bond when pets are being allowed into properties.

You can view a summary of the changes listed by Consumer and Business Services BY CLICKING HERE.

 

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