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Property investors switching to sell mode
Topic Started: 10 Oct 2014, 07:01 PM (2,736 Views)
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Property investors switching to sell mode

October 10, 2014 - 3:43PM
Scott Parker

Following a year of red-hot property gains investors may have finally had enough, with a new survey suggesting sentiment toward investing in residential property has turned from buying to selling.

That finding was reinforced by Friday's August home loan data published by the Australian Bureau of Statistics.

In seasonally adjusted terms, the total value of residential loans, excluding alterations and additions, fell 1.2 per cent over the month to $28 billion.

This consisted of a 2 per cent drop in owner occupier housing loans and a surprise 0.1 per cent drop in investment housing loans.

The drop in lending to investors over August is in stark contrast to the 6.8 per cent rise recorded for July.

Despite the unexpected slide, investors still account for around half of total housing loan approvals, excluding refinancing, said ANZ economists David Cannington.

"This is the highest share on record and it has risen from around 40 per cent when the RBA started cutting rates in November 2011," he said.

Meanwhile, the latest survey of investor intentions by Investment Trends has found that more respondents planned to sell than buy an investment property in the coming month.

Since the index's inception in September 2011, those who have said they intended to buy have consistently outnumbered those who say they planned to sell.

"For the first time there's actually a negative intention," Investment Trends senior analyst Recep Peker said.

Read more: http://www.smh.com.au/business/property/property-investors-switching-to-sell-mode-20141010-1147ky.html
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Foxy
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Zero is coming...

So many empty properties in Perth.

Rent that.
Peter
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So for the first and only time since the survey began three years ago in September 2011, the number of people wanting to sell out numbered those wanting to buy. And yet interest rates are at their lowest in history and have not risen.

Very interesting indeed.

Sounds like the fun is just beggining.

Maybe the novelty of being a savvy 'investor' about to become rich paying interest only loans became a bit boring when they realised how broke they were. When the Tennant moved out and they dropped the rent by $50/a week to find a Tennant . After repairing the damage from the last one and paying $1250a quarter stata fees, did I mention council rates, water rates, insurance . Lenders mortgage Insurance to protect the banks from their own stupidity aswell, but they get you to pay. Tennant's behind in rent, Tennants who skip back overseas and don't pay.

So you take all the risk and deal with the shit ,while the banks take all your rent each week and you pay nothing of the actual loan. A few years of that could also get a bit boring when rents keep dropping along with prices.

Who losses out if the rent falls or a Tennant skips out or damages property, the bank or you. They still get their money each week, if they don't, they will sell it and take it, all written in to save them, not you,when it all goes wrong.

How convienient of them. Gail kellys pay packet Is far more important than you having a roof over your kids head and food in their mouths. She only gets 15 million per year.
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SittingOnDeFence
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I'd like to hear Patrick and Aimee Taskunas's take on this!
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Foxy
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Zero is coming...

Guest
10 Oct 2014, 10:54 PM
So for the first and only time since the survey began three years ago in September 2011, the number of people wanting to sell out numbered those wanting to buy. And yet interest rates are at their lowest in history and have not risen.

Very interesting indeed.

Sounds like the fun is just beggining.

Maybe the novelty of being a savvy 'investor' about to become rich paying interest only loans became a bit boring when they realised how broke they were. When the Tennant moved out and they dropped the rent by $50/a week to find a Tennant . After repairing the damage from the last one and paying $1250a quarter stata fees, did I mention council rates, water rates, insurance . Lenders mortgage Insurance to protect the banks from their own stupidity aswell, but they get you to pay. Tennant's behind in rent, Tennants who skip back overseas and don't pay.

So you take all the risk and deal with the shit ,while the banks take all your rent each week and you pay nothing of the actual loan. A few years of that could also get a bit boring when rents keep dropping along with prices.

Who losses out if the rent falls or a Tennant skips out or damages property, the bank or you. They still get their money each week, if they don't, they will sell it and take it, all written in to save them, not you,when it all goes wrong.

How convienient of them. Gail kellys pay packet Is far more important than you having a roof over your kids head and food in their mouths. She only gets 15 million per year.
The margins are just to thin to make any meaningful income.
Peter
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newjez
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SittingOnDeFence
11 Oct 2014, 12:37 AM
I'd like to hear Patrick and Aimee Taskunas's take on this!
It's probably not something they anticipated.
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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jesusjones
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Just read the real estate section of Brisbane courier mail.
There is a 8 page 'property investor special report'.. By
Commonwealth bank : 'invest with success', 'long term investing
In property wins out', 'it's a super idea' etc...

It's like saying 'c'mon guys buy, buy, buy.. You will make
Money for free...' Apparently Brisbane is starting to beat up by
All accounts..
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Timo
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10 Oct 2014, 10:54 PM
So for the first and only time since the survey began three years ago in September 2011, the number of people wanting to sell out numbered those wanting to buy. And yet interest rates are at their lowest in history and have not risen.

Very interesting indeed.

Sounds like the fun is just beggining.

Maybe the novelty of being a savvy 'investor' about to become rich paying interest only loans became a bit boring when they realised how broke they were. When the Tennant moved out and they dropped the rent by $50/a week to find a Tennant . After repairing the damage from the last one and paying $1250a quarter stata fees, did I mention council rates, water rates, insurance . Lenders mortgage Insurance to protect the banks from their own stupidity aswell, but they get you to pay. Tennant's behind in rent, Tennants who skip back overseas and don't pay.

So you take all the risk and deal with the shit ,while the banks take all your rent each week and you pay nothing of the actual loan. A few years of that could also get a bit boring when rents keep dropping along with prices.

Who losses out if the rent falls or a Tennant skips out or damages property, the bank or you. They still get their money each week, if they don't, they will sell it and take it, all written in to save them, not you,when it all goes wrong.

How convienient of them. Gail kellys pay packet Is far more important than you having a roof over your kids head and food in their mouths. She only gets 15 million per year.
Spot on
After a bubble has burst, no one denies that it existed. But before it does, the popular refrain is that though bubbles existed elsewhere in the world, “there’s no bubble here”. So housing bubbles are admitted to have existed in Japan, the USA, Spain and Ireland – because they’ve already burst.
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Ned Flanders
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newjez
11 Oct 2014, 01:55 AM
It's probably not something they anticipated.
Golf clap!
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" ... which is that all-too-familiar dynamic in Irish life where people tell lies, cover them up and create all sorts of collateral damage, sometimes spread out over decades, and never take responsibility."
- Alan Glynn
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Foxy
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Zero is coming...

jesusjones
11 Oct 2014, 10:04 AM
Just read the real estate section of Brisbane courier mail.
There is a 8 page 'property investor special report'.. By
Commonwealth bank : 'invest with success', 'long term investing
In property wins out', 'it's a super idea' etc...

It's like saying 'c'mon guys buy, buy, buy.. You will make
Money for free...' Apparently Brisbane is starting to beat up by
All accounts..
Why don't the Commonwealth bank cut to the chase and buy the houses, after all they got all the money.
Why lend the money to the small fry.

??

Inconvenient questions??

Peter
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