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Rents fall in Perth and Canberra - RP Data September Quarter Rental Review; Melbourne +2.6, Darwin +1.5%, Hobart +1.5%, Adelaide +1.4, Sydney +1.0%, Perth -2.7%, Canberra -2%
Topic Started: 16 Oct 2014, 10:05 PM (4,076 Views)
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20 Oct 2014, 04:47 PM
Looks like barely a hand full have kept up with inflation where rental history goes back a number of years, and how many may have been renovated over this time.

But one thing is very clear, all off those shown ,some have big drops, and they were only the first three shown in the list, with the best shown in the first link.

Shows this vested interest Wilson is completely full of shit,like many reporting constant bullshit and lies to the public.

The proof is above. Example of example, in only the first three suburbs listed, rents falling......
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Mary
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20 Oct 2014, 04:47 PM
I think Melbourne's got more than 3 suburbs.....................

Article said rents rising in the majority of them, so why'd you pick just those 3...............
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Mary
20 Oct 2014, 09:54 PM
I think Melbourne's got more than 3 suburbs.....................

Article said rents rising in the majority of them, so why'd you pick just those 3...............
I just listed the first three mentioned.

He first told us Fitzroy,so I listed that.

Then waterways and toorak where the next two mentioned on his list.

So. All I did was list the first three he spuiked for an uncherry picked look. If it was cherry picked it was to wilsons advantage. Hate to see the others,if these were the best.

You know what to do now. Feel free to list them all for us. ;)

So we can see how bad the falls are in all the other places he probably told bullshit about too.

We saw the first three,that was enough for me, ,I did not even look at the others,but post them up so we can see .....mary.....
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Mary
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20 Oct 2014, 10:38 PM
We saw the first three,that was enough for me
Me too, most of them were up over the past 12 mths, like the article said.
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Mary
20 Oct 2014, 10:57 PM
Me too, most of them were up over the past 12 mths, like the article said.
Not so good now you can see the REAL results ;)

Look at the results over years, thats what you need to look at, the bigger picture. Rents are falling.

Looks as clear as day, about 10 % have kept up with inflation over the history shown,about 30-40% flat over that time and the other 50-60% have fallen in nominal terms.

What a bummer eh.......
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Mary
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20 Oct 2014, 11:28 PM
Look at the results over years
The article discussed the last 12 mths, it's about what rents are doing now (mostly rising) not what they were doing years ago.
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Elderly to be forced out of Millers Point as cheap rent deal comes to an end

October 21, 2014 - 7:53AM
Nicole Hasham

Non-profit community groups are being forced to pay hundreds of dollars a week in rent, throwing their viability into doubt, as the NSW government abandons "peppercorn rent" agreements that have been in place for decades.

In the latest example, the Darling House aged care home at Millers Point has been informed that a $5-a-week rent agreement struck more than 20 years ago will be scrapped, forcing the facility to close and leaving residents "stunned".

The Department of Family and Community Services rents about 1200 properties to non-profit organisations, many on peppercorn rents. It has confirmed it intends to fulfil a direction by Treasury that "market values …. be realised" on the lease of the assets – a move critics have described as "cruel".

Darling House's management was informed in August that the government would charge full market rent after one more year on the lease deal.

Residents were told last week that the rent increase, combined with other factors, meant the facility will close next March. It comprises nine units, catering to elderly residents requiring low-level care.

Board member John McInerney said the rent increase could be up to $200,000 a year, delivering "the final nail in the coffin" to the struggling facility.

Read more: http://www.smh.com.au/nsw/elderly-to-be-forced-out-of-millers-point-as-cheap-rent-deal-comes-to-an-end-20141017-1170sw.html
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Trojan
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19 Oct 2014, 02:58 PM
You deliberately mislead re your status as a landlord - you have said many times, you own no residential property. What you claim to own is a commercial property, light industrial if I recall. Whatever is or is not happening re rent on such a property, it will have nothing whatsoever to do with rental trends on residential property.
He can't keep track of his lies ...
I put trolls and time wasters on my ignore list so if I don't respond to you, you are probably on it ....
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Mary
20 Oct 2014, 11:42 PM
The article discussed the last 12 mths, it's about what rents are doing now (mostly rising) not what they were doing years ago.
Yes exactly, its about what rents are doing now. Falling, over the years. You obviously don't refute this , and that's why you wish to focus on last twelve months, so you can ignore and dismiss the oobvious trend we are now seeing.

The article is about rents falling in Perth and Canberra They are both being smashed. Rents down around 20% from peak and still falling with record building in place and jobs being decimated.

Investors are already jumping ship in Perth , the latest stats clearly show us that. I would say the same is probably going on in Canberra, if not, won't be much longer now, and to think we have record low interest rates in place.

What could possibly go wrong. :bye:
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Hmmmm
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21 Oct 2014, 11:06 AM
The article is about rents falling in Perth and Canberra
Perth & Canberra, together are less than 10% of Oz population, so...... rents are still rising for more than 90% of people.

Quarterly up in Melbourne +2.6, Darwin +1.5%, Hobart +1.5%, Adelaide +1.4, Sydney +1.0%.

Annual up even more.
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