The rental market in Brisbane has been experiencing strong growth in recent years, with prices climbing by 12.5% over the past year. This has led to many tenants paying higher prices for rental properties, as landlords take advantage of low vacancy rates and high demand. The strong growth in the rental market can be attributed to several factors, including a growing population and a robust economy in Brisbane. As a result, many people are looking for rental properties in the city, driving up demand and prices. Despite the high prices, the rental market in Brisbane remains attractive to both tenants and landlords, thanks to the city’s strong economy and high quality of life.

In this post, I’m going to share some tips for those owners who have an investment property and are interested in maximising the value of their property by providing a checklist that will hopefully help with the process of ensuring your property is taken care of, from a compliance and insurance perspective.

Owner’s Checklist

If you are an owner of an investment property in Brisbane, it’s important to ensure that your property is well-maintained and compliant with regulations in order to maximize its value. Here is a checklist to help you with this process:

• Is your property in good condition at the start of the tenancy? Make sure to address any repairs or maintenance issues before handing over the keys to your tenant.
• Is your property water efficient? You may be required to provide a Water Compliance Certificate to show that your property meets the water efficiency standards set by the government.
• Do the smoke alarms comply with regulations? You should be able to provide a Smoke Alarm Compliance Certificate to show that your property has working smoke alarms installed.
• Do you need insurance? It’s important to ensure that you are covered for any damages that may occur to your property and be able to provide a Certificate of Insurance to your tenant.
• Does your property comply with pool regulations? If your property has a pool, you may be required to provide a Pool Safety Certificate to show that it is safe for use.
• Have you marketed your property? Contact your property manager to ensure that your property is advertised effectively to attract the best possible tenant.
• If applicable, provide information about body corporate laws. Body corporates are responsible for enforcing the rules and regulations of your property, so it’s important to provide this information to your tenant.

By following this checklist and working closely with your property manager, you can ensure that your property is well-maintained, compliant, and attractive to potential tenants, helping you to maximize its value.

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