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Rents Boom In Most Cities - up for the week, the month and the year; Up nationally, up in Sydney, Melbourne, Brisbane, Canberra, Adelaide and Hobart
Topic Started: 9 Jan 2016, 10:41 AM (5,989 Views)
Terry
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Rainbow
14 Jan 2016, 12:15 PM
Melbourne median house rent surges to new all time record high. Renters lose again. Investors win! :D

http://www.domain.com.au/news/melbourne-median-house-rent-hits-new-high-20160113-gm33az/
Yes $10 extra per week, an extra set meal at McDonalds with change.

Nice investing.
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hidflect
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Terry
14 Jan 2016, 12:27 PM
Yes $10 extra per week, an extra set meal at McDonalds with change.

Nice investing.
"Melbourne median house rent surges to new all time record high. Renters lose again. Investors win! :D "

It's always an "all time record high" right before the bubble bursts. It's a necessary condition to qualify as a bubble
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Admin
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Quote:
 
Sydney rental availability slides: REINSW

Posted Image

Sydney’s residential vacancy rates have fallen across the board, according to data released by the Real Estate Institute of New South Wales.

The February 2016 REINSW Vacancy Rate Survey saw the number of properties for rent down 0.3 per cent at 1.7 per cent.

Inner Sydney led the vacancy rate falls, said REINSW President John Cunningham.

“Vacancy rates in Inner Sydney fell 0.6 per cent to 1.3 per cent, while Middle Sydney dropped 0.2 per cent to 1.6 per cent and Outer Sydney fell 0.2 per cent to 2.1 per cent,” Cunningham said.

Read more: http://www.propertyobserver.com.au/forward-planning/investment-strategy/property-news-and-insights/51657-sydney-rental-availability-slides.html
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Trollie
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Terry
14 Jan 2016, 12:27 PM
Yes $10 extra per week, an extra set meal at McDonalds with change.

Nice investing.
More like he rolls that $10 into another investment and doesn't spend it at the cafe like you obviously would.

You know what compound interest is right?
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skamy
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hidflect
14 Jan 2016, 01:44 PM
"Melbourne median house rent surges to new all time record high. Renters lose again. Investors win! :D "

It's always an "all time record high" right before the bubble bursts. It's a necessary condition to qualify as a bubble
But the rises occur without any crash 9 years out of 10 do they not? For most economies the crashes are small and easy to muddle through.

I would get worried when you see foriegn banks building huge housing estates in the back of outer woop woop, they will have sold none of the properties and will be assuming at least the 10% per annum return they have been getting for a decade.

That is the time to run for the hills. However be prepared for prices to keep leaping for years after the market makes no sense at all.
This is what happens when they discourage investors in a growing city, it does not take long for a shortage of rentals to appear. Watch rental yields soar from here on in.

Next thing the government will need to offer first home investor grants lol.
Edited by skamy, 21 Mar 2016, 11:52 AM.
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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Steve99
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Rents rise?

http://www.domain.com.au/news/oversupply-cracks-starting-to-appear-in-melbourne-apartment-market-20160315-gnjfca/

for some, rents fall year on year.

:lol
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Dave
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Steve99
22 Mar 2016, 05:57 AM
Yeah as the article says there are some falls in the inner city due to oversupply, but that's after massive increases in rents over the past few years, and outside the inner city, rents are still rising pretty fast in other parts of Melbourne. Rents are up nationally according the SQM Research and RP Data and Residex and APM.
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Blondie girl
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Shadow
9 Jan 2016, 10:41 AM
I'm overseas at the moment, won't be back for another month, so I won't be posting much.



Rental stuff is not looking pretty in Perth.

If ones property is not up to scratch and investors/owners are not realistic to market trends, they will be struggling.

BTW
I know you lurk the shadows.........

No you don't post much don't you..... :to:

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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Admin
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Asking rents soaring in Canberra, but why? Pete Wargent
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25 Oct 2016, 07:52 AM
But why , he asks.

Because of the very thing that he failed to mention in all that article.

The answer ? Mr. Fluffy.

For those unaware Mr.fluffy was a building company that supplied asbestos laiden roof filling from around the 1960s.

Only in recent years these houses were identified and destined to be demolished. The owners were paid out for their homes. They are then to be demolished and the blocks of land sold off to new buyers. The demolishen of these house began only last year and have been ramped up this year. I cannot remeber the exact numbers off hand that were to be demolished, but I think the orginal number was around 400, I believe this may have been increased to around a thousand.

If we look at the number of rental houses available, and also the number of properties for sale, these numbers coincide directly with the number of mr. Fluffy houses being demolished.

The effects of this incident have played out as such. All of a sudden, hundreds of families have been forced to move out of their home as it is to be demolished. All of a sudden hundreds of families need a rental property all of a sudden. And then all these hundreds of famies need to buy a new home of what stock is on the market.

In a rather small market like Canberra, a couple of hundred houses dissapearing all of a sudden puts upward pressure on the house prices or rental prices that are available cause we just had the double whammy. A couple of hundred houses dissapearing and a couple of hundred needing a new place to live.

Considering all this, it is most likely a temporary, short term rise that will balance out and return to its dismal ways once these houses are rebuilt on these blocks, not to mention the oversupply of units coming on.

Conclusion. Most likely a short term thing that wont last that much longer. Let it bubble up a bit more, might be time to cash out for some before the tide goes back out.
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