I agree Perth has performed very well , it's exceeded my epectations, I am an optimist but I'm cautious generally. It's going to be interesting to observe what happens with the supply issues in homes & land available. I can understand that the influx of FHB will be rushing to make make the most of it..
What happens next well time will tell.
Has the vacancy rate gone down? ..not sure will check on that one. I'm confused willy wonka
This is old data ..2009!
You better check that gold situation, otherwise you'll be doing your dough in. ..it's better than losing $$ for the last 2 yrs...
Hello blondie, rental vancies are up by over 50% from late last year and rents will now start to come down . link below
I thought that too, until I saw the scroll bar at the bottom of the graph, and it actually goes to 2013
"If man is to survive, he will have learned to take a delight in the essential differences between men and between cultures. He will learn that differences in ideas and attitudes are a delight, part of life's exciting variety, not something to fear." - Gene Roddenberry
"Balloon animals are a great way to teach children that the things they love dearly, may spontaneously explode" -- Lee Camp
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$ 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.
Since August last year to now, which is a fraction over twelve months, we have gone from 2400 rentals to 4367 rentals ,an increase of 81.9%.
And come to think about it , with the first home buyer grants going to only new homes next month, if these are taken up, then I would expect further rises in the vancancy rate. Although I am sceptical as to how many will take this up from any current numbers as its only an extra 3k ,from 7k now , to 10k next month. with people losing jobs and buisiness closing down or cutting back on staff numbers I think its possible they will decrease . Mike tells us how hot that market is right now , but not sure or cant remember if he was referring to existing homes or new ones being bought by fhb, I expect existing as this is where the grant is dissapearing from.
He tells us property on market for sale is down and I have not looked at any figures except for what he had quoted, but low interst rates may have propped up the investor market of late. Im not sure what the rba will do next month, while often I could give a more precise direction ,its hard to judge right now, on hand I think well gee they are already low and another drop might spook people as to how bad the economy is ,but on the other our dollar has risen back towards the 1 dollar US mark and jobs are decreasing along with most sectors of the economy.
So I am undecided , I do think the dollar will drop back in the next week or two leading into decision day early next month ,so am probably more inclined to think they will sit this month and may do a 50 basis points in november if things and stats shows jobs on the further downturn, I mean 25 basis points does nothing much these days, not that 50 will make much difference to the economy,but a 50 basis points should give our dollar a bit more of a kick in the guts which is want they are really trying to achieve right now.
Its getting real hard to say now as we are entering into unchartered waters as far as interest rates go, I am just trying to look at things from the rba side of things . If they dont drop next month I think our dollar will rise back towards the US dollar mark which will force there hand in november. markets are early to price things in these days as people are getting worried and cautious . we also have the US aproaching there debt ceiling of 17 trillion which will be reached in november ,aftter they increased it in late 2011, so something needs to be done ,which will end up being a further increase in the debt ceiling. they dont have much choice , just keep raising it until it all collapses. its going to collapse anyway but they can starve it off for further and further until it collapses on its own ,no one in particular will be blamed for stopping the ceiling and forcing the collapse early.
Ooooohhhh Frankenstein, it's YOU that's hot & bothered ..with bloody gold lol.
Yeah there certainly has been increase in the vacancy rate for Perth , I can't dispute that however, I do dispute that Perth is in shit creek...astute investors people should be prepared for the good & bad,.
Some landlords will have problems in getting tenants, really depends on location, & how well maintained is the property, gonna take more time & be realistic with the rental rate. They should still be competently managing their finances for worst case scenarios for a property being vacated.
I'll say it again inner city, & city areas never really fail to attract buyers & tenants.
I've just had a phone call an hr ago from a local real estate agent querying if I wished to sell 1 property it's being eyedballed by an investor to subdivide. I said no I don't wish to sell coz I may develop it in the future.
Every so often I get phone calls & or letters from the local agents, blah blah. So, people are looking ....& buying .
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.
Ooooohhhh Frankenstein, it's YOU that's hot & bothered ..with bloody gold lol.
Yeah there certainly has been increase in the vacancy rate for Perth , I can't dispute that however, I do dispute that Perth is in shit creek...astute investors people should be prepared for the good & bad,.
Some landlords will have problems in getting tenants, really depends on location, & how well maintained is the property, gonna take more time & be realistic with the rental rate. They should still be competently managing their finances for worst case scenarios for a property being vacated.
I'll say it again inner city, & city areas never really fail to attract buyers & tenants.
I've just had a phone call an hr ago from a local real estate agent querying if I wished to sell 1 property it's being eyedballed by an investor to subdivide. I said no I don't wish to sell coz I may develop it in the future.
Every so often I get phone calls & or letters from the local agents, blah blah. So, people are looking ....& buying .
Enjoy it while it lasts, wont be long before you wished you had of sold it to him now. that one you can take to the bank......
you have not the slightest clue how an economy works , you have been sold on lies and false promises .reality is getting closer by the day, wake up and smell the coffee before its too late.The direction of our economy has never been in worse shape in living memory and the record low interest rates reflect this for one.
Maybe you and anybody else that wants to learn how an economy works should read what I wrote here about a year ago FROM POST 129 BELOW.
Enjoy it while it lasts, wont be long before you wished you had of sold it to him now. that one you can take to the bank......
you have not the slightest clue how an economy works , you have been sold on lies and false promises .reality is getting closer by the day, wake up and smell the coffee before its too late.The direction of our economy has never been in worse shape in living memory and the record low interest rates reflect this for one.
Maybe you and anybody else that wants to learn how an economy works should read what I wrote here about a year ago FROM POST 129 BELOW.
Well, what you have proven to me in the link that you wanted to helpfully provide to me is that you're a flipping Ford freak hoon. You have most likely put you hard $$ into a depreciating metal of shit.
Grow up you are mostly likely some oldie that drives like a lunatic
It actually gives me some insight what's made you such a gold nutter.
What you seriously don't get is that you initially DO NEED the banks to set up in property but you need to use the $$ strategically... Yes ive had assistance ....yes in getting my foot in but you learn to add on to the $$. Build it up & top it up.
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 $$ It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do. Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
Well, what you have proven to me in the link that you wanted to helpfully provide to me is that you're a flipping Ford freak hoon. You have most likely put you hard $$ into a depreciating metal of shit.
Grow up you are mostly likely some oldie that drives like a lunatic
It actually gives me some insight what's made you such a gold nutter.
What you seriously don't get is that you initially DO NEED the banks to set up in property but you need to use the $$ strategically... Yes ive had assistance ....yes in getting my foot in but you learn to add on to the $$. Build it up & top it up.
You do know that property depreciates too don't you?
It's the land that (generally) appreciates in value.
And you know hoons are rarely people of older ages?
How can one grow up and be old at the same time?
I don't own a ford, actually, I don't own a car at all, I'm not sure you can make such inferences from the choices people make on what brand of car they may or may not have purchased.
"If man is to survive, he will have learned to take a delight in the essential differences between men and between cultures. He will learn that differences in ideas and attitudes are a delight, part of life's exciting variety, not something to fear." - Gene Roddenberry
"Balloon animals are a great way to teach children that the things they love dearly, may spontaneously explode" -- Lee Camp
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