O'meara Property

3a Church, Nelson Bay, Nsw
House For Lease – Leased

Two bedroom house with a sunroom, small balcony and carport located a short walk to the CBD. The property has a small yard (not fully fenced). Suitable for a couple or a single person.

On behalf of all the team at O’Meara Property I’d like to wish you and your family an ejoyable, safe and happy Christmas.

 Our trading hours over the Christmas / New Year break  are:

122/5 Horizons, Salamander Bay, Nsw
Villa For Lease

Are you and your family or friends looking for a resort style holiday but are not wanting the price tag that normally goes with it?

If so, you will be happy to stay at ‘Horizons Golf Resort’.

With peaceful views over the award winning golf course and the convience of having a cafe, bar and restaurant within the resort you will be able to park the car and enjoy your next break.

Relax inside this comfortable villa in air conditioned comfort and have a spa bath in the privacy of your own bathroom.

The resort has two pools, tennis court, volley ball court and shared BBQ facilities which will help in making your next break a memorable one.

Sleeps 4 – 1 King and 2 King Singles

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4/10 Trafalgar, Nelson Bay, Nsw
Townhouse For Lease – Leased

Three bedroom townhouse located close to the beach, RSL and town centre. This property has all the living areas downstairs and bedrooms upstairs. It also has a private courtyard at the rear, single garage and carport.

The financial security that flows from owning residential property investments is well-documented. Not so well known are the reasons why some experienced investors (landlords) have been more successful at managing their investments to produce optimum yield and maximum capital appreciation.

1. Keep vacancies, arrears and repairs to a minimum and tenant harmony to a maximum by setting the rent at ninety five percent of the current market value.

Novice residential property investors often fall into the trap of trying to obtain market rent or even five to ten percent above the market.

Rental properties which are placed on the market to let just below market value

• Attract the best referenced tenants, and
• Maintain minimum levels of vacancy, arrears and repair / maintenance.

2. Tenant references are essential. Give the most weight to the response to the question

Do you believe the applicants would be able to
pay $x per week for y weeks and keep the
property clean and in good repair?

Always obtain reference checks. The prospective tenant’s previous real estate agent or owner (landlord) and employer are essential references. If possible also ask the above question of their accountant, lawyer or banker.

Don’t be influenced by personal references. Successful investors readily confirm it is rare indeed to be provided with poor personal references.

3. Always utilise the services of an experienced, well-referenced, professional managing agent unless you have the time to gain a detailed up-to-date knowledge of the residential tenancy legislation, an understanding of local vacancy and rental movements, a background in repairs and maintenance, a bank of reliable tradespeople, an awareness of housing price movements and other governing factors such as insurance and property taxation.

Managing rental property is a role for experienced well referenced experts not enthusiastic amateurs.

Only a fool has him / herself as a client

  4. Require your managing agent to provide

 i. A monthly statement of all income and expenses with your cheque banked directly into your account.

ii. An annual written report of state of repair (internal and external) and cleanliness.

iii. A mid year written kerbside report of state of apparent repair and cleanliness.

iv. A six monthly written report of the current rental value and the local area vacancy rate.

v. An annual written report of the current reasonable selling price of your property.

5. Carry out an internal inspection with the agent every two years.

Let the agent organise the appointment. Insist the agent accompany you and let them do all the talking with the tenant. Remain as anonymous as common courtesy will allow and never exchange telephone numbers or contact details with a tenant. It’s the agent’s job to be just that…..the agent between you and the tenant.

6. Until you get to know the agent (usually three to six months) require all expense items to be referred to you (other than emergencies) prior to the agent spending any money. After three to six months set a limit on the amount the agent can spend (usually about the equivalent of one week’s rent) without reference to you.

7. Always have your agreement with your agent evidenced in writing.

Irrespective of your local legislation or governing regulations insist that your service contract with the real estate agent is completed before they start to perform any service for you.

63 Government, Nelson Bay, Nsw
House For Lease – Leased

Three bedroom neat and tidy family home located on a level block in a quiet street at Nelson Bay. The property has tiled living areas with a split system air conditioner. The property also has a drive through single garage (with an automatic opener) leading to another garage in the back yard.

2/63 Essington, Anna Bay, Nsw
Townhouse For Sale – Sold

Located a short walk from shops, school, transport and beaches this duplex ticks all the boxes for an ideal first home or investment. The property features two bedrooms, study area, single garage and has a small, low maintenance yard with garden shed.

Currently leased to an excellent tenant this is a great property at a very attractive price!

1/5 Horizons, Salamander Bay, Nsw
Unit For Lease – Leased

Two bedroom fully furnished apartment on the lower level of ‘St Andrews’ at Horizons Golf Resort. The apartment is comfortably furnished and has a split system air conditioner in the living areas, dishwasher in the kitchen, main bedroom with ensuite and undercover car parking space.

2/12 Charthouse, Corlette, Nsw
Duplex / Semi Detached For Lease – Leased

Open plan three bedroom duplex situated in a quiet street at Corlette. The property has an entertaining deck, small backyard and a single garage.

1/5 Horizons, Salamander Bay, Nsw
Unit For Lease

The lower floor appeal of this spacious apartment in endless as it has the advantage of having a large courtyard to relax and an easy walk up a few steps to the resort facilities that are on offer at ‘Horizons Golf Resort’.

Internally you can relax in the air conditioned living rooms and feel at home in the comfortable and clean furnishings.

This apartment has use of the resort facilities including pools, sauna, tennis court, volley ball court and BBQ areas.

Sleeps 4 – 1 King and 2 King Singles

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