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Michael Matusik: Rising Rents a Certainty; Music to my ears
Topic Started: 13 Apr 2012, 11:01 AM (5,625 Views)
raveswei
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APM rent report is out and it doesn't looks good for landlords
let's start with QoQ (many bulls around claimed it was good quarter for landlords):

Posted Image

Sydney house rents flat - unit rents down 2%

maybe YoY data is better:

Posted Image

Unit rents flat over the year, houses up only 2%

Must be shortage driving rents to the moon :lol:

In the rest of the country situation is very similar - rents fell in real terms


http://www.scribd.com/leithvanonselen/d/89483154-APM-March-2012-Quarter-Rental-Report-FINAL
http://popping-bubble.blogspot.com/

Thinking of an Australian property speculator (PI):
Inaction = missing opportunities.
Missing opportunities = losing.
Too much thinking = inaction.
Thinking = missing opportunities.
Therefore thinking = losing.

disgraceful little man Frank Castle owes a house to Salvation Army

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TED BULLPIT
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Frank Castle
13 Apr 2012, 12:45 PM
Excited?
Hardly,
I have been getting rent rises faster than CPI for ten years now.
He is excited that rents might come up enough for him to quit his nightshift toilet scrubbing job before he turns 80 :lol The dickhead makes out like he is doing fine but scrubs dunnys while we all sleep. ;)
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MelBearne
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Frank Castle
13 Apr 2012, 11:01 AM
:D :tu: Wonderful news :tu: :D

Our previous rental is still languishing (for the past 6 weeks) - greedy landlord first increased it by 10% after we vacated. Now brought it down by $100 from initial asking rent. Not only greedy but stupid. They've lost around $5000 in rental income so far.
Edited by MelBearne, 17 Apr 2012, 10:12 AM.
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raveswei
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MelBearne
17 Apr 2012, 10:10 AM
Frank Castle
13 Apr 2012, 11:01 AM
:D :tu: Wonderful news :tu: :D

Our previous rental is still languishing (for the past 6 weeks) - greedy landlord first increased it by 10% after we vacated. Now brought it down by $100 from initial asking rent. Not only greedy but stupid. They've lost around $5000 in rental income so far.
That happens when people listen to spruikers and their “project past into the future” advices.

The very fact that rents were rising quickly in past is alone enough to predict that rents will not increase significantly anytime soon. In fact rents are already stagnant for some time.
http://popping-bubble.blogspot.com/

Thinking of an Australian property speculator (PI):
Inaction = missing opportunities.
Missing opportunities = losing.
Too much thinking = inaction.
Thinking = missing opportunities.
Therefore thinking = losing.

disgraceful little man Frank Castle owes a house to Salvation Army

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Frank Castle
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Business As Usual

raveswei
17 Apr 2012, 10:21 AM
. In fact rents are already stagnant for some time.
In some places perhaps :re:
Rising rapidly in others :tu:
Edited by Frank Castle, 17 Apr 2012, 10:39 AM.
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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TED BULLPIT
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Frank Castle
17 Apr 2012, 10:39 AM
raveswei
17 Apr 2012, 10:21 AM
. In fact rents are already stagnant for some time.
In some places perhaps :re:
Rising rapidly in others :tu:
Rents now falling in four major capitals , the rest WILL follow eventually , were you not told this at some earlier stage but failed to listen ;)
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Sweetdish
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TED BULLPIT
17 Apr 2012, 11:53 AM
Rents now falling in four major capitals , the rest WILL follow eventually , were you not told this at some earlier stage but failed to listen ;)
Falling rents in Sydney.
No way in Hell...

I am starting to look now as I may have to rent when my unit sells.
It is without a doubt more expensive than last year.

This is Inner Sydney and Sydney East.
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TED BULLPIT
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Sweetdish
17 Apr 2012, 12:19 PM
TED BULLPIT
17 Apr 2012, 11:53 AM
Rents now falling in four major capitals , the rest WILL follow eventually , were you not told this at some earlier stage but failed to listen ;)
Falling rents in Sydney.
No way in Hell...

I am starting to look now as I may have to rent when my unit sells.
It is without a doubt more expensive than last year.

This is Inner Sydney and Sydney East.
When more and more and more people lose their job , the money will simply not be there and the rents WILL come down, just as they have in four other capitals already where people thought exactly the same thing as you .
It may not happen overnight but it WILL happen. ;)
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raveswei
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Sweetdish
17 Apr 2012, 12:19 PM
Falling rents in Sydney.
No way in Hell...

I am starting to look now as I may have to rent when my unit sells.
It is without a doubt more expensive than last year.

This is Inner Sydney and Sydney East.
how do you know what were rents last year?

Maybe you were looking for a unit for your ex-girlfriend :)

You are funny “imaginary Swedish movie star” with Aussie spruiker lingo who spends most of the time buying and selling properties and looking for place to rent for your “imaginary girlfriends”
Edited by raveswei, 17 Apr 2012, 12:36 PM.
http://popping-bubble.blogspot.com/

Thinking of an Australian property speculator (PI):
Inaction = missing opportunities.
Missing opportunities = losing.
Too much thinking = inaction.
Thinking = missing opportunities.
Therefore thinking = losing.

disgraceful little man Frank Castle owes a house to Salvation Army

Profile "REPLY WITH QUOTE" Go to top
 
Sweetdish
Default APF Avatar


TED BULLPIT
17 Apr 2012, 12:25 PM
When more and more and more people lose their job , the money will simply not be there and the rents WILL come down, just as they have in four other capitals already where people thought exactly the same thing as you .
It may not happen overnight but it WILL happen. ;)
I find that highly unlikely.

Why would a large amount people in Sydney suddenly become unemployed?

I would not put my money on rents in Sydney being lower one year from now, but I'd happily bet they would be at least a little bit higher. Any takers?



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