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Property investors should watch out for these big costs

Press coverage 11 December 2020 Summary of published coverage
Property investors should watch out for these big costs

Maintenance remained an unavoidable cost for Australia’s 2.2 million property investors even with record low interest rates, the Daily Telegraph reported, citing suggested replacement cycles for paint, hot water systems, carpets and appliances. PIPA chairman Peter Koulizos said structural work such as underpinning could be costly in older homes and recommended holding a sinking fund in an offset account, noting one recent refresh cost $16,500.

Reported by

Anthony Keane, The Daily Telegraph, 11 December 2020

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