Welcome Guest [Log In] [Register]


Reply
  • Pages:
  • 1
  • 14
Why it's time to ask for a rent reduction
Topic Started: 8 Nov 2016, 12:25 PM (7,372 Views)
Simon_S
Member Avatar


Why it's time to ask for a rent reduction

Quote:
 
But the slump in rents is upon us. Rents are rising at their slowest annual pace in nearly two decades, according to last week's Reserve Bank statement on monetary policy, which also notes the value of new building approvals has reached a record share of GDP.


Quote:
 
"Renters are now in a much better position to negotiate," according to Core Logic's head of research, Cameron Kusher: "As long as wages growth continues to stagnate, coupled with historically high levels of new dwelling construction and slowing population growth, landlords won't have much scope to increase rents."


Wow hows that Yeild looking now.........

Edited by Simon_S, 8 Nov 2016, 12:26 PM.
Profile "REPLY WITH QUOTE" Go to top
 
Khaderbhai
Member Avatar
Wealthy Suburbanite

Simon_S
8 Nov 2016, 12:25 PM
Rents are rising
So, rents are rising you say? Probably not a good time to ask for a reduction then...
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."
Profile "REPLY WITH QUOTE" Go to top
 
Simon_S
Member Avatar


Khaderbhai
8 Nov 2016, 12:30 PM
So, rents are rising you say? Probably not a good time to ask for a reduction then...
Rents are rising at their slowest annual pace in nearly two decades, according to last week's Reserve Bank

You forgot this part of the quote.......

Wonder what will happen when all those Units hit the market.......

Edited by Simon_S, 8 Nov 2016, 12:39 PM.
Profile "REPLY WITH QUOTE" Go to top
 
Trollie
Member Avatar


Simon_S
8 Nov 2016, 12:25 PM
hows that Yeild looking now.........
Do don't even know how to calculate yield timo.
Profile "REPLY WITH QUOTE" Go to top
 
Simon_S
Member Avatar


Trollie
8 Nov 2016, 12:43 PM
Do don't even know how to calculate yield timo.
I'm sure if Property Investors could they wouldn't be Property Investors................

Profile "REPLY WITH QUOTE" Go to top
 
Khaderbhai
Member Avatar
Wealthy Suburbanite

Simon_S
8 Nov 2016, 12:34 PM
Rents are rising at their slowest annual pace in nearly two decades, according to last week's Reserve Bank

You forgot this part of the quote.......
Rising slowly is still rising.
Edited by Khaderbhai, 8 Nov 2016, 12:57 PM.
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."
Profile "REPLY WITH QUOTE" Go to top
 
Simon_S
Member Avatar


Khaderbhai
8 Nov 2016, 12:57 PM
Rising slowly is still rising.
Quote:
 
at their slowest annual pace in nearly two decades


Oh I'm sure they will continue to Rise as more supply comes onto the market.............
Profile "REPLY WITH QUOTE" Go to top
 
Khaderbhai
Member Avatar
Wealthy Suburbanite

Simon_S
8 Nov 2016, 01:10 PM



Oh I'm sure they will continue to Rise as more supply comes onto the market.............
Depends on whether or not demand also continues to rise.
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."
Profile "REPLY WITH QUOTE" Go to top
 
Simon_S
Member Avatar


Khaderbhai
8 Nov 2016, 01:14 PM
Depends on whether or not demand also continues to rise.
Depends..........LOL
Profile "REPLY WITH QUOTE" Go to top
 
Matthew
Default APF Avatar


Simon_S
8 Nov 2016, 12:34 PM
Rents are rising
So when rents are rising asking for a reduction can be counter productive to your objective of having a house to live in.

You really are a simpleton aren't you?
My only hope for my three boys is that they turn out nothing at all like Chris.
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
  • 14



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