Rents surge in Sydney and Melbourne - up 4.5% for the year (CoreLogic); And house prices also jump strongly in July - Melbourne prices up 16% for the year
Tweet Topic Started: 1 Aug 2017, 01:36 PM (4,377 Views)
"Over the past nine to 12 months, rental growth has started to pick-up noticeably. It is difficult to know exactly what has driven this however, rapid population growth and the sheer lack of affordability of owning a home are most likely drivers. Furthermore, the rising popularity of AirBNB is potentially resulting in some level of stock removal from the long-term rental market"
"Home prices in Australia's major cities rose strongly in July, led by a surge in Melbourne, putting a question mark over regulators' attempts to cool the market through tighter rules on leveraged property investors.
Annual growth in prices accelerated to 10.5 per cent, from 9.6 per cent, and back toward the peak of 12.9 per cent reached early in the year.
Melbourne led the pack with an outsized increase of 3.1 per cent in July alone, which lifted annual price growth in the city to a blistering 15.9 per cent.
Sydney prices rose 1.4 per cent in the month, and 12.4 per cent for the year."
Its been challenging for those in Perth and its been some haircuts in rental returns, harder for those with loans versus those who own outright like I.
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 $$ It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do. Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
Its been challenging for those in Perth and its been some haircuts in rental returns, harder for those with loans versus those who own outright like I.
The Great Shadow many years ago prophesised that 2017 would mark the end of Perth's decade-long downturn.
Considering The Holy One's exemplary track record for predictions, I expect good times for Perth are not far away.
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$ 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.
Brisbane’s prestige market is firing on all cylinders, boosted by buyers from Sydney and Melbourne discovering the good value it represents.
“At the moment, 50 per cent of our buyers are from Sydney who are coming here and finding our prices are much, much lower than for lesser properties in the south,” says agent Frank Gosdschan, of McGrath Bulimba.
“There’s a better economic environment now,” he says. “For the past three to five years, we saw the top end of town being distracted by other elements of the economy but now a lot of people who’d been holding off making buying decisions have come back into the market with a lot more confidence.
Good times for homeowners and property investors. But tough times for silly bears and renters.
Oh I do believe in the power of property, the power of privilege in family who have done very well in owning properties, being not too nuts with bank goodies to keep one in debt. I believe in choices when one can own and develop to financial wealth. I believe in not being average and if one has it they can flaunt it to their advantage with their assets.
You might need to sprinkle holy water with what I post next but I just tell it how it is for me an anon blonde who is doing ok thanks.
I don't believe in bear and bull crap principles I don't worship stats and spend time posting numerous socks I don't have a need to worship an anon poster(s) like some idol inappropriately . That is disturbing.
Its about opportunity and what one can do to maximise their situation... the affordability situation is real for those who are genuinely cannot own their home... so I acknowledge that.
Am I bull or bear? Neither.
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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