We don't want the FAKE data, we just saw REAL EXAMPLES
I see... so the ABS, APM, Residex, RP Data and SQM Research are all publishing FAKE rental data.
And we know this because you found some REAL EXAMPLES of houses were the rent fell.
You are a special kind of genius Ted.
Additionally, his handful of cherry picked REAL EXAMPLES only show ASKING rents falling.... he really is a SPECIAL kind of genius - you are right there.
I see... so the ABS, APM, Residex, RP Data and SQM Research are all publishing FAKE rental data.
And we know this because you found some REAL EXAMPLES of houses were the rent fell.
You are a special kind of genius Ted.
I'd like to know if Ted's shed has Wifi yet? Did it receive sewerage under the Whitlam govt?
Sydneyite
21 Oct 2014, 03:19 PM
Additionally, his handful of cherry picked REAL EXAMPLES only show ASKING rents falling.... he really is a SPECIAL kind of genius - you are right there.
What's the insinuation there? That achieved rents exceed asking rents?
I'd suggest that in the high end listed that achieved rents are below asking rents. But can change very quickly.
Ted might pull another resi, or commercial property out of his hat?
What's the insinuation there? That achieved rents exceed asking rents?
No not at all - just saying that it would be not be hard to find some properties advertised for rent at a price that is too high for the market, then appear advertised at a lower price - especially in premium areas (where the rental market tends to be quite "thin"). But this is a very different measure than looking at actual achieved rents (and changes to these) on an aggregrate basis. Some relationship there, but essentially apples and oranges.
For Aussie property bears, "denial", is not just a long river in North Africa.....
54 perone way, asking rent Nov 2012-$1750, now $1,500 per week.
47 cutler rd asking $2,200 in Oct 2007, now $1,650.
26 Amiens rd asking $1,800 in Aug2011, now $1,500.
25 gordan st asking $1,800 in Jan2012,now $ $1,295.
3 Moore st, asking rent 2011- $1500, now $1,400.
3 gordon st, asking $1,300 in march 2011, now $950.
96 cutler rd, asking $1,600 in march 2006, now $1,400
8 Kananga cres, asking $1,195 in July 2007, now asking $1,200.
All from the earlier link shown of shadows area.
But no, rents are not falling.
And out they come...Do any of you actually OWN any property ?
Meanwhile we can see some real examples above.
We know how credible these vested interest numbers have proven lately
Only months ago they reported Sydney median unit rents were over $500 per week, was either $510 or $515 from memory, may have only been $505. But all I know is,it was over $500, and is now below it. But again that's no drop when your a bull right.
Rents are dropping. No big deal, just look at shadows area above.
You wanted real examples, you got some, plently more where they came from , the sheep are learning a lot again here today.
I'd like to know if Ted's shed has Wifi yet? Did it receive sewerage under the Whitlam govt? What's the insinuation there? That achieved rents exceed asking rents?
I'd suggest that in the high end listed that achieved rents are below asking rents. But can change very quickly.
Ted might pull another resi, or commercial property out of his hat?
One day you might get to where I am zaph.
But you only have your ppor unit in Brisbane and only been in the market a few years. I'm not sure how old you are,but would say when I was your age, had held multiple sydney properties , or at least one for years and probably both.
And seeing Brisbane is the only capital with prices less than 2010, you might be waiting a bit longer to achieve simliar results. How old are you zaph ? probably not much younger than me.
I don't need to pull anything out of my hat, unlike the bulls here and probably many bears too.
High blood pressure , I would say the bulls blood is boiling by now. I think they have gone to lie down for a while.
And to think we are only just getting started, this should be fun.
Think it's time to start blocking guest posters
"It were not best that we should all think alike; it is difference of opinion that makes horse races." - Mark Twain on why he avoids discussing house prices over at MacroBusiness. "Buy land, they're not making any more of it." - Georgist Land Tax proponent Mark Twain laughing in his grave at humourless idiots like skamy that continually use this quip to justify housing bubbles.
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