There is some bigger stuff moving in Mt. Lawley. Peter :pop:
You are commenting on high density development, for some inner city areas like.. Mt Lawley Highgate North Perth West Perth.
Lifestyles are changing, not everyone wants a big backyard, more pople like apartments , however,some neighbors are protesting to the Town of Vincent...big hoo ha in regards to social implications. However, the type of people buying these apartments are not going to be questionable...
Prices are averaging $450-600k they are half the price of a freestanding house..better choices for some people.....
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.
Perth landlords are renegotiating leases to stop tenants who are enticed by low interest rates into buying.
There is a softening Perth rental market with more renters breaking leases and a rising vacancy rate.
The Perth metropolitan vacancy rate is at 3.4% for the quarter, according to the Real Estate Institute of WA – up 1.1 percentage points from three months ago.
And in July the REIWA reported one in four residential tenants were breaking leases – up from one in eight last year – which was putting pressure on the rental market.
Many put the increasing rate of break-leases down to loss of jobs in the resource industry. A recent report by Pit Crew Consulting found the resources workforce has contracted by about one-fifth since its peak at the beginning of this year.
But Jarrad Mahon, director of property management and investment firm Investors Edge, says one of the major influences of the softening rental market is lower interest rates which is allowing more renters to become homeowners.
“The breaking leases are mainly in the lower priced rentals under $500 per week. Where in many of those lower end suburbs it is now cheaper to buy than rent,” Mahon says.
In an attempt to keep potential buyers from breaking leases Mahon has been renegotiating leases.
“When negotiating the lease if the tenant is overly sensitive to price and the current rental market value is lower than what we are charging we have reduced the rent to keep the tenant. A $10 reduction over a year is far less costly than re-leasing the property,” he says.
“There is no positive I can see to tenants breaking lease.”
It is not unexpected that fbh activity is up, given that the grant is being reduced. The numbers should fall off the cliff next month (when exactly does the grant stop - I heard sept 15th? is it on completion of the sale on on acceptance of offer that it is paid?). What I find interesting, is what the people are doing after they sell their house to the fhb. They don't seem to be upgrading. Are they investors finding a good opportunity to cash out? Are they moving into rentals for some reason, maybe to build? Are they leaving the state?
It's all very interesting. A tangled web we weave when the govt starts mucking about with houses.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
It is not unexpected that fbh activity is up, given that the grant is being reduced. The numbers should fall off the cliff next month (when exactly does the grant stop - I heard sept 15th? is it on completion of the sale on on acceptance of offer that it is paid?). What I find interesting, is what the people are doing after they sell their house to the fhb.
I remember hearing Rudd on the radio (in 2009) say something to the the effect of "all good things must come to an end" regarding the FHBG - only for the grants to be RAISED when the cut off date arrived Full of shit the lot of them.
I don't think that will happen right now but wouldn't rule it out for the future.
APF - a place where serious people don't take themselves too seriously. There's nothing else like it.
It is not unexpected that fbh activity is up, given that the grant is being reduced. The numbers should fall off the cliff next month (when exactly does the grant stop - I heard sept 15th? is it on completion of the sale on on acceptance of offer that it is paid?). What I find interesting, is what the people are doing after they sell their house to the fhb. They don't seem to be upgrading. Are they investors finding a good opportunity to cash out? Are they moving into rentals for some reason, maybe to build? Are they leaving the state?
It's all very interesting. A tangled web we weave when the govt starts mucking about with houses.
May be they are doing a runner.....the investors...
Heading out to Oxshott/Stoke D'Abernon in good old Surrey...or just touching base @ Henley on Thames (Oxfordshire)...
oooohhhh summer daze there ..
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.
You are commenting on high density development, for some inner city areas like.. Mt Lawley Highgate North Perth West Perth.
Lifestyles are changing, not everyone wants a big backyard, more pople like apartments , however,some neighbors are protesting to the Town of Vincent...big hoo ha in regards to social implications. However, the type of people buying these apartments are not going to be questionable...
Prices are averaging $450-600k they are half the price of a freestanding house..better choices for some people.....
And didn't you and the other twerps tell me rents would go down every month along with Price until the bulls took a 40% haircut ?
Rents HAVE been going up regularly for the last year Zaph. Go sulk ...
Fail
After a bubble has burst, no one denies that it existed. But before it does, the popular refrain is that though bubbles existed elsewhere in the world, “there’s no bubble here”. So housing bubbles are admitted to have existed in Japan, the USA, Spain and Ireland – because they’ve already burst.
Mount Lawly does seem to have some good sales, it helps that it will benefit from the new trainline. If you look at places like Dalkeith, Nedlands and beach fronts and other prime property they are still selling below previous prices. I do not think it will last as stock is slowly selling and as the supply eases the prices will likely rise again.
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.
Perth landlords are renegotiating leases to stop tenants who are enticed by low interest rates into buying.
I doubt even landlords would believe such a huge Porky, but what else can they print and still be positive about property as an investment.
Quote:
There is a softening Perth rental market with more renters breaking leases and a rising vacancy rate.
And in July the REIWA reported one in four residential tenants were breaking leases – up from one in eight last year – which was putting pressure on the rental market.
Many put the increasing rate of break-leases down to loss of jobs in the resource industry.
O really? So all these unemployed people are moving into cheaper digs or back with mum, and not rushing out to buy houses as we were led to believe. 1 in 4, I wonder what the average void for a rental property over there is? Not the sort of statistic the RE industry would publish though is it. That would be like the banking industry publishing the average total all in repayment cost on a $400,000 loan over 30 years. If it was common knowledge how compound interest would put that figure in excess of a million dollars I imagine it would put a lot of potential FHB's off.
Shadow was hopelessly wrong about the Gold Bull Market. What else is he wrong about?
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Full of shit the lot of them.
