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Rental prices tumble in some areas of Sydney
Topic Started: 3 Oct 2016, 10:01 PM (6,301 Views)
Khaderbhai
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Wealthy Suburbanite

Terry
4 Oct 2016, 10:55 PM
high-density housing causes high rents to collapse
Now you're getting it. Well done Roddy.
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
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Rufus
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Jon Snow
5 Oct 2016, 08:49 PM
You are still making more than twice the average salary in capital gains, so why risk f***ing that up with a tenant.
To get the tax deductions.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Jon Snow
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Rufus
5 Oct 2016, 09:37 PM
To get the tax deductions.

For Chinese investors liquidity is more important than tax deductions.

At any rate, to be eligible to claim interest as a tax deduction, the property only needs to be 'available for rent'. Something that it is pretty easy to do without actually renting it out.

And finally, why would a non-resident pay Australian income tax?
Speak when you are angry and you will make the best speech you will ever regret.
Ambrose Bierce
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Rufus
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Jon Snow
5 Oct 2016, 09:40 PM

For Chinese investors liquidity is more important than tax deductions.

At any rate, to be eligible to claim interest as a tax deduction, the property only needs to be 'available for rent'. Something that it is pretty easy to do without actually renting it out.

And finally, why would a non-resident pay Australian income tax?
True, it wouldn't matter much to a foreign owner who didn't have an income in Australia, but it would make a big difference to you or I.

You might find that many of those properties are owned by families with children attending universities in Australia, so they aren't empty and nor are they for rent.
Edited by Rufus, 5 Oct 2016, 09:47 PM.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Jerry
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The lower the rental yield the greater the speculative element. I don't think anyone could really argue that it's a sign of a healthy market.
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Terry
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Khaderbhai
5 Oct 2016, 08:54 PM
Now you're getting it. Well done Roddy.
That's paraphrasing from a troll repertoire MC.
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Rufus
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Jerry
5 Oct 2016, 10:18 PM
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The lower the rental yield the greater the speculative element. I don't think anyone could really argue that it's a sign of a healthy market.
SQM are coming up with a different answer. They measure a monthly change of 1.9% and an annual change of 6.2%
http://www.sqmresearch.com.au/weekly-rents.php?region=nsw%3A%3ASydney&type=c&t=1

We don't actually have an accurate rental index, the only data is asking rentals advertised.

That's not to say that you are wrong, we must be getting close to a peak unless the RBA cut again and encourage more into the market.

SQM data also tends to suggest that price gains are coming to an end.
http://www.sqmresearch.com.au/asking-property-prices.php?region=nsw%3A%3ASydney&type=c&t=1
Take risks - if you win you will become wealthy, if you lose you will become wise
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Ex BP Golly
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Trollie
4 Oct 2016, 08:45 PM
RODDY!!!!!

Terry's let you out for a play.
And look, he found a little fiend called Trolley to play with. It's too cute.
A Lurker
4 Oct 2016, 11:34 PM
Tamarama is about 4 streets
McMahons point is about 6 streets
Castlecrag is quite an expensive closely held suburb with large properties very few of which are rentals
Rodd Point is about 4 streets
Haberfield is currently being quite adversely affected by Westconnex construction and compulsory acquisitions

Draw your own conclusions about median rentals in each of those circumstances.
I only checked one of your claims, and Tamarama is closer to 30 streets than 4 streets.

There's about 6 or so avenues alone right?

Should I waste time checking your other claims, or is it safe to assume you are just a compulsive liar?
Edited by Ex BP Golly, 5 Oct 2016, 11:25 PM.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Terry
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Rufus
5 Oct 2016, 10:47 PM
SQM are coming up with a different answer. They measure a monthly change of 1.9% and an annual change of 6.2%
http://www.sqmresearch.com.au/weekly-rents.php?region=nsw%3A%3ASydney&type=c&t=1

We don't actually have an accurate rental index, the only data is asking rentals advertised.

That's not to say that you are wrong, we must be getting close to a peak unless the RBA cut again and encourage more into the market.

SQM data also tends to suggest that price gains are coming to an end.
http://www.sqmresearch.com.au/asking-property-prices.php?region=nsw%3A%3ASydney&type=c&t=1
Do you understand what the graph shows and the source data? It's not about whether someone is right or wrong. It's about data.
Edited by Terry, 6 Oct 2016, 02:12 AM.
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Rufus
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Terry
6 Oct 2016, 02:10 AM
Do you understand what the graph shows and the source data? It's not about whether someone is right or wrong. It's about data.
Yes I do know the data source, which is something you don't.
I would give SQM higher relevance because they have a broader source.

Quote:
 
But SQM Research's Louis Christopher said rental growth in Sydney or Melbourne would not go to zero. Rental growth in certain inner city areas where supply is cranking up might keep falling, but areas in the middle and outer rings of the CBDs would remain stable. 


Read more: http://www.afr.com/real-estate/property-investors-should-not-expect-rental-growth-20150312-142q7n#ixzz4MFQT12LS
Edited by Rufus, 6 Oct 2016, 08:17 AM.
Take risks - if you win you will become wealthy, if you lose you will become wise
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