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Perth Property Collapse - Rent Desperation
Topic Started: 17 Oct 2014, 11:55 AM (4,811 Views)
skamy
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doubleview
18 Oct 2014, 08:37 PM
Been catching up with WA people this week, people I trust....exact words....rents have fallen considerably espec residential units!

Units that once rented for $400 p/w are now lucky to get $340....10% min up to 30% drops I am hearing!

LL are getting desperate as well knocking on new tenants doors asking what they just signed their new lease for.

LL that have been empty for a while the desperation is setting in.

This is the man on the street talking...not some vested interest levered to the eye balls head in the sand goose.
Yeah yeah vVicar doubleview --- sure they were real people -real people in the street


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Definition of a doom and gloomer from 1993
The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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doubleview
18 Oct 2014, 08:37 PM
Been catching up with WA people this week, people I trust....exact words....rents have fallen considerably espec residential units!

Units that once rented for $400 p/w are now lucky to get $340....10% min up to 30% drops I am hearing!

LL are getting desperate as well knocking on new tenants doors asking what they just signed their new lease for.

LL that have been empty for a while the desperation is setting in.

This is the man on the street talking...not some vested interest levered to the eye balls head in the sand goose.
Dude at first I didn't believe you but then you dropped "people I trust" in their and it just turned me around.

I mean if some random on the internet TRUSTS them, it MUST be true!!
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doubleview
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skamy
18 Oct 2014, 08:53 PM
Yeah yeah vVicar doubleview --- sure they were real people -real people in the street


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goodluck with your disinfo !
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Blondie girl
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Skamy, there's been decreases in some rents in some properties for landlords, but not all it depends on locations & how realistic the asking rent has been.

I've been speaking to 2 pm that manage the IPs.

Currently, its taking a few weeks to rent out properties ..only if the rental rates realistic.

Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$
It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged
Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do.
Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
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Foxy
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Zero is coming...

doubleview
18 Oct 2014, 08:37 PM
Been catching up with WA people this week, people I trust....exact words....rents have fallen considerably espec residential units!

Units that once rented for $400 p/w are now lucky to get $340....10% min up to 30% drops I am hearing!

LL are getting desperate as well knocking on new tenants doors asking what they just signed their new lease for.

LL that have been empty for a while the desperation is setting in.

This is the man on the street talking...not some vested interest levered to the eye balls head in the sand goose.
Yes, yes and yes.

So many empty properties.
Peter

Saw a sign tonight on my walk, it is a small office/shop.
6 months free rent.

Peter
Guest
18 Oct 2014, 02:33 PM
You are full of it mate, Perth CBD saw a sharp rise in vacancy for 2 reasons.

1. Rio built their OC out at the airport and is transitioning 100's of people out there
2. BHP built a new huge building of their own and moved all their people in.

Take those 2 out of the equation and it's a no brainer.
It.s way bigger than that man, the office market has shit it;s self.
Peter
Edited by Foxy, 19 Oct 2014, 01:00 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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doubleview
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Guest
18 Oct 2014, 09:00 PM
Dude at first I didn't believe you but then you dropped "people I trust" in their and it just turned me around.

I mean if some random on the internet TRUSTS them, it MUST be true!!
Another constructive guest post.....head back in sand please!
Mustapha Mond
19 Oct 2014, 12:56 AM
Yes, yes and yes.

So many empty properties.
Peter

Saw a sign tonight on my walk, it is a small office/shop.
6 months free rent.

Starting to snow ball!
Edited by doubleview, 19 Oct 2014, 08:29 AM.
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lulldapull
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grandma skammy is in denial of reality. :lol

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doubleview
19 Oct 2014, 08:26 AM
Another constructive guest post.....head back in sand please!

I looked but you and all your trusted friends were taking up the entire beach.
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skamy
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Blondie girl
18 Oct 2014, 11:23 PM
Skamy, there's been decreases in some rents in some properties for landlords, but not all it depends on locations & how realistic the asking rent has been.

I've been speaking to 2 pm that manage the IPs.

Currently, its taking a few weeks to rent out properties ..only if the rental rates realistic.

Blondie I know that the rentals have dropped but it is not the drama they make it out to be. Perth yields are still better than some other capital cities eg Sydney and Melbourne.
Definition of a doom and gloomer from 1993
The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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Foxy
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Zero is coming...

skamy
19 Oct 2014, 11:26 AM
Blondie I know that the rentals have dropped but it is not the drama they make it out to be. Perth yields are still better than some other capital cities eg Sydney and Melbourne.
You from Perth Skamy?
Peter
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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