Perhaps people are hesitant to rent until they gain employment.
I was reading some data a few days ago which stated WA still had high population growth as of April. I have seen nothing yet to say it has slowed much.
I actually think unemployment will rise mostly due to this factor, until the rate of pop growth slows. Everything I have seen shows it is pop growth and not job losses which is pushing unemployment higher, over time that should correct as less people move to WA.
A good indication of population growth is to look a new car registrations, no replacements but the total new increase in private registrations. Last year we had over 100,000, this year was estimated to be 150,000 not sure we will reach that. This is why our roads have become so jammed up over the past 5 years.
Blondie, I would not worry about Women with investment properties, at present women make up 43% of all owned investment properties. Women in my experience make the best investors in my experience. We just don't hear from the much.
Well, one of my brothers has kindly sent me an email that he received from his real estate agency that manages his properties.. I will quote some parts of the letter... RENTAL MARKET UPDATE
"Since October of last year the vacancy rate across Perth has steadily risen resulting in the number of available listings increasing(10% increase from the end of March 2013. We are now finding that the market is much more price sensitive and those properties that are sitting over the current market rate are now experiencing longer than usual vacancy periods. Many of our landlords are requesting that we reduce rents to make their homes more attractive to potential tenants. This change in the market is a result of a combination of factors. Firstly, the rental market has been exceptionally buoyant for some time and a natural correction is occurring. There is also a considerable decrease in the number of people moving to W.A..
if your property is currently, or shortly becoming vacant, your Property Manager will provide you with a professional opinion of the market rent for your properties and will keep you updated with any progress with the leasing process."
I'm not sure if I believe that it's the landlords request or is it the agent really advising to reduce the rent... So it does state that rental rate has dropped but not by how much
It also states that the population rate for W.A has decreased...how much exactly?
had to edit spelling of words
Hi Blondie IMHO, two factors are affecting rent, the pressure has eased as many people are buying, but also most big companies have now made it significantly more difficult to get LAFA which helped overseas folk pay the high rents and many are obliged to downsize and/or purchase a home.
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.
Hi Blondie IMHO, two factors are affecting rent, the pressure has eased as many people are buying, but also most big companies have now made it significantly more difficult to get LAFA which helped overseas folk pay the high rents and many are obliged to downsize and/or purchase a home.
haha this is funny.
You wouldn't know if this slowdown slapped you in the face.
You wouldn't know if this slowdown slapped you in the face.
Get your head out of the sand.
excuses excuses.
Hello Mr Gloomy,
So happy to hear that you can actually laugh we usually see you walking around here with "The end is nigh" signs.
Now go buy yourself a home and stop whining and moaning as you are getting left behind mate. Get a nice profit for yourself in Perth's recovering market, in a few months you too can be smiling as much as any of us.
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.
Blondie, I would not worry about Women with investment properties, at present women make up 43% of all owned investment properties. Women in my experience make the best investors in my experience. We just don't hear from the much.
It would be interesting to know which gender performs better at investing.
The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt — Bertrand Russell
So happy to hear that you can actually laugh we usually see you walking around here with "The end is nigh" signs.
Now go buy yourself a home and stop whining and moaning as you are getting left behind mate. Get a nice profit for yourself in Perth's recovering market, in a few months you too can be smiling as much as any of us.
Your Analysis / Theories make me laugh now, I'll give you that.
they go way too deep into the what happen yesterday will happen tommorrow draw.
S8 from the the local WA paper.
Get out of the house you old duck and talk to the local business owners etc.
You wouldn't know if this slowdown slapped you in the face.
Get your head out of the sand.
excuses excuses.
You should be crying today.. There's a great report in another thread that...
W.A. IS NOT IN RECESSION
Some of you just don't get why I'm such a happy girl
Mike
11 Jun 2013, 03:48 AM
I was reading some data a few days ago which stated WA still had high population growth as of April. I have seen nothing yet to say it has slowed much.
I actually think unemployment will rise mostly due to this factor, until the rate of pop growth slows. Everything I have seen shows it is pop growth and not job losses which is pushing unemployment higher, over time that should correct as less people move to WA.
A good indication of population growth is to look a new car registrations, no replacements but the total new increase in private registrations. Last year we had over 100,000, this year was estimated to be 150,000 not sure we will reach that. This is why our roads have become so jammed up over the past 5 years.
Blondie, I would not worry about Women with investment properties, at present women make up 43% of all owned investment properties. Women in my experience make the best investors in my experience. We just don't hear from the much.
Mike I actually didn't think it was 43% of females investing was thinking a little bit less..I'm not worried its just that we girls are pushed for time if we wish for kids. I'm certainly not an extremist feminist but some girls do have beauty AND BRAINS....
You know that
skamy
11 Jun 2013, 11:06 AM
Hello Mr Gloomy,
So happy to hear that you can actually laugh we usually see you walking around here with "The end is nigh" signs.
Now go buy yourself a home and stop whining and moaning as you are getting left behind mate. Get a nice profit for yourself in Perth's recovering market, in a few months you too can be smiling as much as any of us.
Not to worry Skamy honey, doubled over view should be crying today ...when he realizes there is no recession in West oz.
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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