Got offered 2 free years rent and maintenance, bins, cleaning etc for a 5 year contract. 40%+ off
Let the next agent know at the next office. I'll give you lower rent (10%) and 1 year free. 20%+ off.
looking at 3 more today got a feeling they are going to be similar.
Perth's fked. No jobs. No money. Splat.
Reminds me of dub at the start of the crash. Everything was for rent discounts all over. Yields were 0% or -ve... Dudes giving out big discounts, free rent etc. Heaps of popup suburbs all over the place at the edge of the city. New estates appearing everywhere. Almost exactly the same. Being told this land in the middle of nowhere with no shops or train or busses or poliece or firestation is worth 100-200k
Got offered 2 free years rent and maintenance, bins, cleaning etc for a 5 year contract. 40%+ off
Let the next agent know at the next office. I'll give you lower rent (10%) and 1 year free. 20%+ off.
looking at 3 more today got a feeling they are going to be similar.
Perth's fked. No jobs. No money. Splat.
Reminds me of dub at the start of the crash. Everything was for rent discounts all over. Yields were 0% or -ve... Dudes giving out big discounts, free rent etc. Heaps of popup suburbs all over the place at the edge of the city. New estates appearing everywhere. Almost exactly the same. Being told this land in the middle of nowhere with no shops or train or busses or poliece or firestation is worth 100-200k
Pretty sure Perths stuffed.
we... looking for office space in the center of perth, what do you expect?
Got offered 2 free years rent and maintenance, bins, cleaning etc for a 5 year contract. 40%+ off
Let the next agent know at the next office. I'll give you lower rent (10%) and 1 year free. 20%+ off.
looking at 3 more today got a feeling they are going to be similar.
Perth's fked. No jobs. No money. Splat.
Reminds me of dub at the start of the crash. Everything was for rent discounts all over. Yields were 0% or -ve... Dudes giving out big discounts, free rent etc. Heaps of popup suburbs all over the place at the edge of the city. New estates appearing everywhere. Almost exactly the same. Being told this land in the middle of nowhere with no shops or train or busses or poliece or firestation is worth 100-200k
Pretty sure Perths stuffed.
Thanks for the update.
Was just wondering, when in the dub, did you hear the exact same comments from property bulls like you do here, right before property crashed ?
You would think this would be welcomed news for most ***$100 drop in rents***, but unfortunately government & economists will say this is bad because the poor property investor can't cover his IO loans and that might hurt the banks.
You would think this would be welcomed news for most ***$100 drop in rents***, but unfortunately government & economists will say this is bad because the poor property investor can't cover his IO loans and that might hurt the banks.
I'm sure they are thinking of something right now to pump those rents back up.
Perhaps they can use my taxes for it then tell me it is good for me.
I'm sure they are thinking of something right now to pump those rents back up.
Perhaps they can use my taxes for it then tell me it is good for me.
First renters grants
Where bonds and first months rent is covered by the government.
And a 12 month retravision home package thrown in for those that rent before the first of January. And the grant will be doubled to 24 months for those that rent a new home.
5% lvr on lawnmowers and toasters, with interest only periods and 15 year loans terms.
Where bonds and first months rent is covered by the government.
And a 12 month retravision home package thrown in for those that rent before the first of January. And the grant will be doubled to 24 months for those that rent a new home.
5% lvr on lawnmowers and toasters, with interest only periods and 15 year loans terms.
While some may find this amusing. Its about as funny as home grants to purchase, it shows the economy is not working on its own or how they want it to work. And now it has less chance then ever.
Its like giving out first car buyer grants because the car Industry is not selling enough cars anymore.
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