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Chronic Oversupply: Landlords hit by apartment glut and falling rental yields; Without rental growth or capital growth, the prospects for many investors are bleak
Topic Started: 21 Aug 2014, 10:18 PM (10,354 Views)
Elastic
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Jimbo
22 Aug 2014, 12:07 AM
Got these coming in the post. I can't wait.

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Let me know how they go Jimbo. I've been thinking of buying some myself. They look rad.
Only a rat can win a rat race.

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John Frum
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Jimbo
22 Aug 2014, 12:07 AM
Got these coming in the post. I can't wait.

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Pah! You got ripped off. This is where it's at:

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"It were not best that we should all think alike; it is difference of opinion that makes horse races." - Mark Twain on why he avoids discussing house prices over at MacroBusiness.
"Buy land, they're not making any more of it." - Georgist Land Tax proponent Mark Twain laughing in his grave at humourless idiots like skamy that continually use this quip to justify housing bubbles.
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Foxy
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Zero is coming...

Jimbo
22 Aug 2014, 12:07 AM
Got these coming in the post. I can't wait.

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i bought the sea monkeys.
Loved them, they where some sort of krill.
I found it fascinating.
Well worth the money.
I used water from the Swan river, carried it all the way home in a bucket.
Used my desk lamp to warm the water.
Loved those little fellows.
Peter
:bye:

This guy sounds like a young girl that has just been reamed out by a married man that is in a loveless marriage and wants to leave his wife.
But not just yet.
The time is not right, i will leave her soon.

Peter

Foxbat told me it's all supply and demand.

That is it in a nut shell, but oh no you got to use so many words and you don't even know what they mean.
Edited by Foxy, 22 Aug 2014, 01:22 AM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Jimbo
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Mustapha Mond
22 Aug 2014, 01:14 AM
Foxbat told me it's all supply and demand.

This stuff is going to make me rich

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Demand.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be :?: rising.
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Ex BP Golly
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miw
21 Aug 2014, 11:57 PM
So I take it you believe whatever salesmen tell you?
Why would you ask a bear that. Rhetorical or something miw lol
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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van
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Well they say rental yields are down 5% in Melbourne, but Melbourne rents are still up 5% on last year so I wouldn't say it is a renters market.

What are the unit buyers complaining about really? over the year their units have increased in value by 15%, their interest rates have gone down & their rents have gone up 5%...


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miw
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Elastic
22 Aug 2014, 12:02 AM
On the sucker scale he was definitely somewhere at the top end but it's surprising how naive many property investors are.
Most people do not receive a sound financial education and I include myself in that category.
I think you could replace "property investors" with "stock market investors" or "hobby farm investors" or "small business starters". Most people are naiive about what they are doing when they first start.
The truth will set you free. But first, it will piss you off.
--Gloria Steinem
AREPS™
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newjez
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miw
22 Aug 2014, 05:17 AM
I think you could replace "property investors" with "stock market investors" or "hobby farm investors" or "small business starters". Most people are naiive about what they are doing when they first start.
How many first time stock market investors spend $600000 on their favourite company?
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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newjez
22 Aug 2014, 05:33 AM
How many first time stock market investors spend $600000 on their favourite company?
With 97% lvr and interest only loans and a term of forty years....people never lived that a while ago.

Do you think this stock might be in a bubble. Your insight shows clearly what a bubble realestate is when we looking at it like this.

What would the gold price be if people put down 5% deposit was prepared to pay interest only just so they could get on the ladder :wak: and sign a forty year mortgage. It would be a bubble, just like real estate prices are a bubble.

But as the bubble grows bigger and bigger, the walls of the bubble become thinner and thinner. Guess what comes next ;)
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Bardon
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This overbuilding of inner city apartments in Melbourne is nothing new. I was living down there in the noughties and recall the high drama of tortured investors with the first wave of dockland apartment completions.

There was a famous class action against one of the deviloapers by OTP investors trying to wriggle out of their contracts. The judge found that the contracts were not entered into under duress and were therefore legal and binding, the investors had to settle. Occupancy rates at the time were rumored to be less than 50% and prices dropped immediately on settlement by large amounts cant remember how large, but it was huge. From memory the banks dropped their LVR's to 50-60% of new valuations, Greek investors had to mortgage their nanas Coburg family home to complete the deals.

A few years later, things settled down inner city living proved to be very popular and prices stabilised and grew.

Same thing, this time around.
Edited by Bardon, 22 Aug 2014, 09:31 AM.
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