Welcome Guest [Log In] [Register]


Reply
  • Pages:
  • 1
  • 3
  • 7
Rents now tanking in three capital cities. Who's next?
Topic Started: 24 Jul 2015, 06:18 PM (9,320 Views)
Guest
Unregistered

van
25 Jul 2015, 07:29 PM
Landlords don't care much about rents, capital gains is where the money is. Rent is a piss in the ocean compared 50% capital gains over a few years and negative gearing makes rental returns null, just buy property and minus any losses against taxable income.

I'm a landlord. And I care about my rents on my investment properties. A lot.

My investment properties are debt free. And I live off those rents.

Well them and bank interest.


And of the two, the rents have been by far the more stable form of income over the last seven years.


My tenants are long term. And I like them well enough. So if they came to me and said they had hit some sort of crisis situation and it might be something like six weeks before they could start paying the rent again, I'd certainly consider carrying them for a while to see if they could work it out.

But once their time was up, if they still hadn't worked things out and started paying again (plus making a genuine attempt to catch up on the rental arrears) I'd surely give them notice to vacate.


So yes, I do like to see my rents coming in please.

"REPLY WITH QUOTE" Go to top
 
The Whole Truth
Member Avatar


Its heartening to see some landlords still view their tennants as human beings. Many just regard their tennants as income streams and use agents as a buffer to be completed detached from them.
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
Profile "REPLY WITH QUOTE" Go to top
 
stinkbug
Member Avatar


Treating my tenants as clients has made a lot of difference on both sides of the equation. I have tenants who are happy, secure and well looked after, and I have a cashflow that suits my strategy.

Nickel and diming your tenants is no way to make money.
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

Profile "REPLY WITH QUOTE" Go to top
 
Blondie girl
Member Avatar


stinkbug
25 Jul 2015, 06:30 PM
No they're not. They dropped a couple of years ago and have been basically stable since. Even the drops were pretty minor, and really just reflected an overshoot in certain areas.
Regarding stuff in Perth, some morons don't get that some perth prop owners and investors haven't felt any rental decreases, there exists stagnation, but it's not total toilet of desperation that certain posters get excited about.
I've only had to decrease rent on 1 prop in my PF.

There exists some exaggeration by stupid posters who have no idea about property.
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.
Profile "REPLY WITH QUOTE" Go to top
 
stubby
Default APF Avatar


Blondie girl
28 Jul 2015, 01:19 PM
Regarding stuff in Perth, some morons don't get that some perth prop owners and investors haven't felt any rental decreases, there exists stagnation, but it's not total toilet of desperation that certain posters get excited about.
I've only had to decrease rent on 1 prop in my PF.

There exists some exaggeration by stupid posters who have no idea about property.]Posted Image
Edited by stubby, 28 Jul 2015, 02:23 PM.
Profile "REPLY WITH QUOTE" Go to top
 
miw
Member Avatar


ggriff
25 Jul 2015, 12:07 AM
Brisbane is heavily reliant on the energy and mining sectors which are both bleeding jobs.
There also seems to be an apartment construction boom which won't help rents either.
Brisbane rents are almost totally not reliant on the energy and mining sectors. The high-end exec rentals have taken a hit according to some but otherwise (a) the people impacted by the downcycle did not rent in Brisbane and (b) it is anyway a far smaller proportion of the Qld economy than it is of, say, WA.

The new apartments coming on-stream are having some impact though. Rents in the inner ring are not falling, but they certainly aren't skyrocketing either.
The truth will set you free. But first, it will piss you off.
--Gloria Steinem
AREPS™
Profile "REPLY WITH QUOTE" Go to top
 
stubby
Default APF Avatar


miw
28 Jul 2015, 02:25 PM
Brisbane rents are almost totally not reliant on the energy and mining sectors.
Really? There is an ongoing Central/North QLD political beef about the extent of FIFO work for *new* sites like Caval Ridge, where high-end help (both labor and all low-middle mgmt) has to be from commutable distance from BNE. One can debate whether this affects "Brisbane" or "Greater Brisbane" (however one chooses to define either).

IMHO, FIFO workers [resident] in QLD are equally split between middle-ring suburbia (mostly older and paid-off housing, or younger and upwardly mobile), or outer-ring "anything that get you to BNE on time". There are wage-earners residing in Lowood who are *expert* on commute times to BNE, who out-earn typical black-suited ferry-riders from New Farm and Bulimba.

Quote:
 
The high-end exec rentals have taken a hit according to some but otherwise (a) the people impacted by the downcycle did not rent in Brisbane and (b) it is anyway a far smaller proportion of the Qld economy than it is of, say, WA.


I wouldn't be so sure about (a). Those "people impacted by the (QLD mining/CSG down resource cycle)" absolutely do rent and/or own in (Greater) Brisbane. They're in the sweet spot of my wife's social circle.

Edited by stubby, 28 Jul 2015, 04:08 PM.
Profile "REPLY WITH QUOTE" Go to top
 
The Whole Truth
Member Avatar


miw
28 Jul 2015, 02:25 PM
ggriff
25 Jul 2015, 12:07 AM
Brisbane is heavily reliant on the energy and mining sectors which are both bleeding jobs.
There also seems to be an apartment construction boom which won't help rents either.
Brisbane rents are almost totally not reliant on the energy and mining sectors. The high-end exec rentals have taken a hit according to some but otherwise (a) the people impacted by the downcycle did not rent in Brisbane and (b) it is anyway a far smaller proportion of the Qld economy than it is of, say, WA.
Rubbish. I know a guy who works for sandvik and they have slashed jobs in both mining and construction branches in Brisbane. Another dude is high up with an electrical supplier and their profits are down 40% from a few years ago. There are many more companies I expect, the revinue losses from mining go well beyond a few thousanf fifo workers and those who worked in and lived near the mines. Tens of thousands in brisbane have probably lost jobs due to the flowon effects of mining tanking.
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
Profile "REPLY WITH QUOTE" Go to top
 
newjez
Member Avatar


Guest
26 Jul 2015, 01:38 PM
Tend to ? You mean historically ? Historically though, have we ever built so much property at a time when our economy and jobs future has never looked worse ?

You still expecting a US rate rise this year count ?

And honestly ,has the world economy ever looked worse than now ? Certainly looks a lot worse than right before collapse in 2008. When a lot less debt was owed, and when there was a lot of room to drop rates. What a ponzi charade the whole thing is.


It's a different sort of worse, it's the eastern GFC. How long before we see bailouts of Chinese banks?
Edited by newjez, 28 Jul 2015, 04:15 PM.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
Profile "REPLY WITH QUOTE" Go to top
 
miw
Member Avatar


stubby
28 Jul 2015, 02:50 PM
I wouldn't be so sure about (a). Those "people impacted by the (QLD mining/CSG down resource cycle)" absolutely do rent and/or own in (Greater) Brisbane. They're in the sweet spot of my wife's social circle.
Rent, man. Rent. We are talking about the rental market.

By the time you work out the percentage of Brisbane people levered to energy and mining (5% or less) and the percentage of those who are impacted by the construction jobs finishing and have moved away (maybe 10% of that) and the proportion of those who actually rented instead of owned (maybe 20% of that) you are at 1/2 of 3/5 of 2% of fuck all.

It has had no impact on Brisbane rents. You can take it to the bank. Or at least its impact is lost in all the other noise.
The truth will set you free. But first, it will piss you off.
--Gloria Steinem
AREPS™
Profile "REPLY WITH QUOTE" Go to top
 
1 user reading this topic (1 Guest and 0 Anonymous)
ZetaBoards - Free Forum Hosting
Fully Featured & Customizable Free Forums
Learn More · Register for Free
Go to Next Page
« Previous Topic · Australian Property Forum · Next Topic »
Reply
  • Pages:
  • 1
  • 3
  • 7



Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.

Forum Rules: The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.

Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.

Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.

This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.

For more information go to Limitations on Exclusive Rights: Fair Use

Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ

Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy