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Sydney rents falling!; Say it ain't so
Topic Started: 18 Oct 2014, 07:15 AM (5,139 Views)
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miw
20 Oct 2014, 01:56 PM
Your $500k house went up by 10% percent and my 5x$100k houses went up by 20%. Who made more money?
Do you think there is most risk in outer burbs dropping or inner city?
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20 Oct 2014, 09:58 PM
Oh, you mean prices and rents are "falling" if we pretend the inflation didn't happen by subtracting the inflation from the actual rise in prices and rents?

Okay................
No. Prices are falling in nominal terms, care to name your suburb or area

Falling in all the Melbourne suburbs dr.wilson told us they are rising in today. Spriukers.

Yes rents are falling, just like the thread states.

Rents are falling. What cant you understand about that.
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20 Oct 2014, 10:16 PM
No. Prices are falling in nominal terms, care to name your suburb or area

Falling in all the Melbourne suburbs dr.wilson told us they are rising in today. Spriukers.

Yes rents are falling, just like the thread states.

Rents are falling. What cant you understand about that.
Falling in some places but rising in most, and this thread is about Sydney not Melbourne............

My suburb is Ryde, not that it matters
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20 Oct 2014, 10:29 PM
Falling in some places but rising in most, and this thread is about Sydney not Melbourne............

My suburb is Ryde, not that it matters
In my local area in Sydney rents have come off quite a way.


http://www.oldlistings.com.au/real-estate/NSW/Vaucluse/2030/rent/1/:bed:3


http://www.oldlistings.com.au/real-estate/NSW/Dover+Heights/2030/rent/1/:bed:3

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20 Oct 2014, 11:04 PM
Yeah, sure you live in Vaucluse, good one.
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20 Oct 2014, 10:29 PM
Falling in some places but rising in most, and this thread is about Sydney not Melbourne............

My suburb is Ryde, not that it matters
No. The thread is about Sydney rents falling.

Did you see that bit,' syd-en-ey, reeeents, arrrrrrr,falllling. :)

And Ryde, well its cheap there for obvious reasons.

Not the most desirable place in the world.

Rents have probably risen in mt.druitt too. Fringe dwellers pushed to the outer egde will have this effect over the short term.

Again, Rents are falling, after all, facts are facts.
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20 Oct 2014, 11:45 PM
Yeah, sure you live in Vaucluse, good one.
No I don't. I said in my area,Sydney eastern suburbs, you should pay more attention, I did not see ANYWHERE where I said I live at Vaucluse. :bl:

Why don't we have a look a Sydneys Northern beaches :)

Now I could not see one property here in the link below that has kept up with inflation ,AT ALL. They are dropping in nominal terms, in a huge way.

Lucky for you, I could not be bothered wasting more of my time listing them for you individually , example after example after example , some bears here may derive pleasure listing them for you so may not be so kind. People can see for themselves.Not just falling,but crashing in many examples.

I will repeat. SYDNEY....RENTS........FALLING.......

http://www.oldlistings.com.au/real-estate/NSW/Clontarf/2093/rent/
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21 Oct 2014, 08:36 AM
Why don't we have a look a Sydneys Northern beaches :)
Good idea. Manly is the most famous NB suburb, and second largest by population... http://www.oldlistings.com.au/real-estate/NSW/Manly/2095/rent/

Dee Why is the biggest by population... http://www.oldlistings.com.au/real-estate/NSW/Dee+Why/2099/rent/

Collaroy is third biggest... http://www.oldlistings.com.au/real-estate/NSW/Collaroy/2097/rent/

Clontarf is a tiny suburb, with a population of 1500, which is one thirteenth of the population in Dee Why.

I will repeat. SYDNEY... RENTS... RISING... for the vast majority of people. :tu:
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
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Shadow
21 Oct 2014, 08:55 AM
Good idea. Manly is the most famous NB suburb, and second largest by population... http://www.oldlistings.com.au/real-estate/NSW/Manly/2095/rent/

Dee Why is the biggest by population... http://www.oldlistings.com.au/real-estate/NSW/Dee+Why/2099/rent/

Collaroy is third biggest... http://www.oldlistings.com.au/real-estate/NSW/Collaroy/2097/rent/

Clontarf is a tiny suburb, with a population of 1500, which is one thirteenth of the population in Dee Why.

I will repeat. SYDNEY... RENTS... RISING... for the vast majority of people. :tu:
The don't look as bad as clontarf, and at least you did not deny clontarf was part of the northern beaches like you did last time.

Most have barely kept up with Inflation. As we know there has been record building, rebuilding, Reno's and improvements

Some of these iincreases, where we can see any above Inflation ,being few and far between have probably had improvements renovations or rebuilding or a property. This has been rampant over the last four or so years.

Rents are dropping, it has to start somwhere, all areas dont drop Instantly overnight. You need to look at the long term, and that trend is very clear, rent rises have been slowly diminishing over time, in nominal increases, not to mention Inflation adjusted ones.

Too bad you came too late too the party. DOH......
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Sydneyite
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21 Oct 2014, 08:36 AM
I will repeat. SYDNEY....RENTS........FALLING.......
You live in a fantasy world Ted, in complete denial of reality, fueled by your need for confirmation of your own dumb financial decisions of the past few years. You are posting on a thread that has the aggregate data there for all to see -

On average Sydney rents are RISING....

This is undeniable - just click on the link in the article in the OP. This agrees with other aggregrate data published by RP-Data, Residex, and the ABS, which all show rents up on average about 5% in Sydney in the past year. And if you look even the suburbs where rents might have showns some falls, they are small falls, whereas many areas have seen quite dramatic rises - hence why on average they are up - 5%, which is more than inflation.... I expect this trend to continue for the next year or two in Sydney, until the new supply flows into the market and the vacancy rates get up above 3/4% or so.

Also, you might want to look at how much Sydney rents are up in aggregate over the last 5 years...... :dry:

No amount of cherry picked discrete examples, or repeated unsubstantiated statements will change the facts. You are like a small child with their fingers in their ears ranting - "No! Rents are falling! Rents are falling! La la la la la la la....". It's pathetic. :re:
Edited by Sydneyite, 21 Oct 2014, 10:08 AM.
For Aussie property bears, "denial", is not just a long river in North Africa.....
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