PIPA chair Nicola McDougall said first-time landlords frequently underestimated holding costs, noting that nearly 65 per cent of respondents to the 2024 sentiment survey reported negative cash flow, up from 57 per cent a year earlier. Expenses cited included management fees of about 5 to 8 per cent of rent, council and water rates, strata levies, insurance and repairs. Rethink Residential’s Mina O’Neill suggested holding a buffer worth 5 to 10 per cent of annual rent.
Reported by
Kate McIntyre, Herald Sun, 22 Marc
PIPA has summarised this coverage for members. Copyright in the original article remains with its publisher.
