Rental prices?

[Bat_Ears]

Hi all. I am currently renting and I have no interest in buying. What do you think is going to happen to rental market in coming months. Is the price going down, up or staying the same?

Also, what places are likely to have the biggest changes in the price of rent?

Thanks

 

[adobee]

Hi all. I am currently renting and I have no interest in buying. What do you think is going to happen to rental market in coming months. Is the price going down, up or staying the same?

Also, what places are likely to have the biggest changes in the price of rent?

Thanks

NSW - My opinion

Rental market is going down.. dependent on what happens with first home buyers and the budget.. High rentals have already started to tumble (ie 1200 a week down 890pw down to 740pw etc..) I think this will continue to be evident as the year goes on.. Mid range city fringe rentals will remain reasonable bouyant but I think the period of landlords pushing rets up really strongly and getting tenants easily is over for now.. I dont think we will see a real down turn like five to six years ago when there were free weeks rental and chances to win trips but certainly a stabilising of the market..

 

[Soft Dough]

Hi all. I am currently renting and I have no interest in buying. What do you think is going to happen to rental market in coming months. Is the price going down, up or staying the same?

Also, what places are likely to have the biggest changes in the price of rent?

Thanks

Unemployment goes up.... rental price goes down.

No good charging what the people can't pay.

 

[ROE]

Hi all. I am currently renting and I have no interest in buying. What do you think is going to happen to rental market in coming months. Is the price going down, up or staying the same?

Also, what places are likely to have the biggest changes in the price of rent?

Thanks

also got to remember property speculator can always pay higher house price because they can load themselves up with more debt but renter they pay rent out of their income not from debt, so unless salary catch up I cant see rent can get out of control....with unemployment looming higher they are likely to go down and if your landlord been nasty and rise rent look for another place.

 

[Bill M]

In Sydney the rental prices are rising according to this story.

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SYDNEY rental prices continue to rise, exceeding wage growth, a New South Wales Government housing report shows.

Housing NSW's Rent and Sales report shows the median rent for all dwellings in Sydney had gone up by $5 to $390 in the March quarter, or the first three months of calendar 2009.

Full Story Here