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Rockhampton Rents Collapsing; Oh dear! This wasn't part of the plan.
Topic Started: 23 Sep 2015, 02:31 PM (7,497 Views)
The Whole Truth
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Just peruse the first 10 or 20 listings and it's clear there is real carnage in that market. Some dumps have risen by $10 in the past few years (Yippee) but most have falling a lot. It just goes to show that waffle heard in a hotel seminar room doesn't equate to profits in the real world.

http://www.oldlistings.com.au/real-estate/QLD/Depot+Hill/4700/rent/
"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
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ThePauk
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But, but, but Fwrank has his IP's there. No it can not be that yield is decreasing? Or can it...

http://www.sqmresearch.com.au/property-rental-yield.php?postcode=Rockhampton&t=1

dear me Fwank, it does not look so good...

http://www.sqmresearch.com.au/weekly-rents.php?postcode=4700&t=1
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Terry
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ThePauk
23 Sep 2015, 03:50 PM
But, but, but Fwrank has his IP's there. No it can not be that yield is decreasing? Or can it...

http://www.sqmresearch.com.au/property-rental-yield.php?postcode=Rockhampton&t=1

dear me Fwank, it does not look so good...

http://www.sqmresearch.com.au/weekly-rents.php?postcode=4700&t=1
Rocky looks pretty good if you want to go back and live in the past for a while. Not an aspirational lifestyle by any means, but there's nothing wrong with that.
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Ex BP Golly
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The Whole Truth
23 Sep 2015, 02:31 PM
Just peruse the first 10 or 20 listings and it's clear there is real carnage in that market. Some dumps have risen by $10 in the past few years (Yippee) but most have falling a lot. It just goes to show that waffle heard in a hotel seminar room doesn't equate to profits in the real world.

http://www.oldlistings.com.au/real-estate/QLD/Depot+Hill/4700/rent/
Yeah, but it costs nothing to dispose of asbestos in Rocky.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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The Whole Truth
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I feel a bit guilty of misrepresentation, depot hill is actually a flood plain and the sewage treatment plant is there so it's probably the worst suburb in rocky and may not reflect rents in other less gross burbs.
Is there still a lot of trouble with the indigenous population living there?
"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
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herbie
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The Whole Truth
23 Sep 2015, 05:34 PM
Is there still a lot of trouble with the indigenous population living there?
Fuckwit.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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The Whole Truth
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herbie
23 Sep 2015, 07:57 PM
Fuckwit.
Political arselicker.
"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
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Foxy
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Zero is coming...

The Whole Truth
23 Sep 2015, 02:31 PM
Just peruse the first 10 or 20 listings and it's clear there is real carnage in that market. Some dumps have risen by $10 in the past few years (Yippee) but most have falling a lot. It just goes to show that waffle heard in a hotel seminar room doesn't equate to profits in the real world.

http://www.oldlistings.com.au/real-estate/QLD/Depot+Hill/4700/rent/
yes, post mining boom normal.....
.
nothing more nothing less..
.
the bit that tears the investors arses out is the rents drop and the costs do not.. if anything costs keep rising.
.
So in real terms it is like getting a sucker punch from Mike Tyson at the peak of his time..
.
and nowhere to go..
.
It is a dead end..

the canvas is coming up fast..
.
Good luck guys..
.
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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Frank Castle
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Business As Usual

Old Qlders that were $70 to 100k buy in used to have $120/week rents
Now unencumbered with $280 to $300/week rents

Older builds cost $150k inc land and were getting $350/week and dropped back to $320.week but a recent $6/week spend outlay has bought that rent back up to $360
More recent builds were $165k inc land getting up to $380/week which was a bit ambitious at the time and - now back to $360/week.

In the same timeframe interest rates have halved so no complaints from me on those numbers

Compare that to the forum fuckwits ZERO/week income on gold and its easy to see who is in front here


herbie
23 Sep 2015, 07:57 PM
Fuckwit.
Spotted in one.
Edited by Frank Castle, 24 Sep 2015, 06:46 PM.
Ignore posts by The Whole Truth · View Post · End Ignoring
The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
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Rastus2
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Frank Castle
24 Sep 2015, 01:13 PM
Old Qlders that were $70 to 100k buy in used to have $120/week rents
Now unencumbered with $280 to $300/week rents

Older builds cost $150k inc land and were getting $350/week and dropped back to $320.week but a recent $6/week spend outlay has bought that rent back up to $360
More recent builds were $165k inc land getting up to $380/week which was a bit ambitious at the time and - now back to $360/week.

In the same timeframe interest rates have halved so complaints from me on those numbers

Compare that to the forum fuckwits ZERO/week income on gold and its easy to see who is in front here



Spotted in one.
So you are saying the fuckwits are in front ? :bl:

Ok..
Edited by Rastus2, 24 Sep 2015, 01:29 PM.
Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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