It’s possible to increase rentals yields from your residential property to more than 7%+ and many of our investor clients are taking advantage of this opportunity. This is known as a dual income strategy and in today’s tougher lending environment this strategy can assist investors improve their loan serviceability.
Constructing Second Dwellings or Auxiliary dwellings or ‘granny flats’, has recently become a popular property investment strategy in NSW and certain Brisbane local council areas. Investors may add the granny flat to an existing property that they own or purchase a property with this strategy in mind.
Landlords do not need to subdivide their land to create the second dwelling so can save lots of money on council fees. The granny flat (secondary dwelling) will be on the same title as the primary dwelling so cannot be sold separately.
Through careful planning and site selection however, investors may be able to subdivide the second dwelling in the future. So when land values have risen, the investor may want to capiltalise and split the titles and sell one of the dwellings or have them revalued as separate titles.
The dual income strategy may suit investors who are looking to increase their cash flow and loan serviceability. They may already have considerable equity in their property portfolios and wish to strike a good balance between growth and cash-flow.
Call us now on 1300 781 824 to find out more about how we can help you with dual income strategies.
Chris and the team at Pillar Property have helped several of my friends manage investment properties and do an amazing job. Highly recommended.
Bud VerheijenHighly recommended
We have just purchased our first investment property and I just wanted to say thank you Chris, Sharon and everyone at Pillar Property for making the property management process so smooth and easy.
I would like to also take this time to express our gratitude to Sharon over this process, she has been exceptional with everything she has done for us, organising inspections, getting quotes for work to now organising tenants. She has been vigilant, responsive and overall so helpful and happy to help us on this journey.
We look forward to our ongoing dealings with Pillar. Thank you again Chris and team.We look forward to our ongoing dealings with Pillar
Jayson and Kylie
I was looking for a property manager in QLD and really didn’t anyone there.
I looked at a range of Property Managers and it was such a hard decision to pick one I could trust. Chris was referred to me by a friend so after a few meetings, I decided that I would appoint him to manage my new investment property.
The process was very fluid and easy, I asked lots of questions and Chris came back to me with the answers.
Thank you Chris for being so professional and helping me look after this major lifetime purchase.
Can’t wait to reach out for your assistance in the future when I’m ready to buy another investment property.
Eden ConnellThe process was very fluid and easy
I have owned investment properties for 30 years in different states around Australia and have always had them managed by property managers. I can honestly say, hand on heart, that Pillar Property has provided the best service of all of them. First I met with Managing Director Chris White who always provided detailed information to help me make my decisions. Chris then handed me over to his property manager Rachael Brown and her attention to detail and careful management of my property is literally second to none. I highly recommend Pillar Property and I know that anyone that uses them will be as impressed as I am.
Sonya FurlongPillar provide the best service
We have been working with Chris since 2004 and the team at Pillar Property manages our investment properties. As well as being fantastic property managers, they have also coordinated renovations which have provided us with a substantial increase in rent. Whilst we are working overseas, it’s imperative that we have someone looking after our properties that we can trust.
PANN PTY LTDWhilst we are working overseas, it’s imperative that we have someone looking after our properties that we can trust
Chris has been providing us with advice and guidance on our property portfolio since 2006. The team at Pillar Property do a lot more than manage tenants and collect rent, they have helped us increase the value of our properties through coordination of renovations, maximising the rent and reducing repairs and maintenance costs.
Antonis Family Super Fund
The team at Pillar Property do a lot more than manage tenants and collect rent
Thank you, Chris, for all your help; your service, attention to detail and thorough processes are second to none. There were boxes that I needed to be ticked in choosing the right property manager and your team deliver this for me. I am extremely happy with your service.
Your experience makes a world of difference and I would be very keen to recommend your services to friends and family.
Thank you again for looking after my investment.
Daniel TranYour experience makes a world of difference
Chris and his team after been looking after our properties for over a decade and they have always been available, obliging and go above and beyond. Chris is very attuned to the client and the market.
We would always be happy to recommend Pillar Property to anyone!
DR Paul and Sue MyersChris is very attuned to the client and the market
Chris and his team are very responsive to my needs and they deliver prompt and efficient service. They provide the best information and guidance with regards to my property and I feel confident going forward with Pillar Property looking after my investment.
Shona ToughI feel confident going forward with Pillar Property looking after my investment
We would like to thank Chris and the team for their very professional and thorough property management service. Chris and his team look after us at every step and communication is consistent and thorough.
Even when we are overseas, Chris and his team take care of everything seamlessly.
There is nothing too difficult and all our questions are always dealt with and answered clearly. .
Steve and Barbara ByronHighly recommended for anybody who wants to invest in property with confidence