Getting $460 1brd 12km direct line from city turned over tennants mid dec2011 and still had somone in 3 days latter 6 month lease . As always in life you get what you pay for i guess.
So youngung are you in the long lease = high demand camp ala satan ¿ 24 month should spell some pretty high demand according to him
without getting involved in your little back and forth there was 5 applicants on the first day this house went back on the rental market. so i guess that would equate to high demand? I'm unsure as to exactly what constitutes as high. I personally think it is quite cheap, so perhaps that's why so many were interested in it.
We were the first applicants to get our form in and not a blemish on either of our names so we got it.
you you are right satan is wrong demand for rentals overall is currently high and i agree
you you are right satan is wrong demand for rentals overall is currently high and i agree
Anyhow you all tend to be a bit off topic, its about property prices and apart from a few select spots its all down hill at the moment.
Let us know when you negotiate a rental decrease on your lease renewal. anyone..........bueller...
...... bueller
Let us know when you negotiate a rental decrease on your lease renewal. anyone..........bueller...
...... bueller
Let us know when you negotiate a rental decrease on your lease renewal. anyone..........bueller...
...... bueller
Ill give it a red hot go, and let you know in January.
Agree. And this is before the carbon tax and additional electricity increases have kicked in.You can have and twist all the figures you like, but the necessities of life are becoming dearer by the day, petrol, food, power, water etc., so the game is changing.
With the increasing job losses being reported daily this must kick in soon to the downside in my view. And unless something very dramatic occurs with the economy it looks like the years ahead are going to be nasty indeed for the property investor.
Agree. And this is before the carbon tax and additional electricity increases have kicked in.
Every week I look at the property for sale listings here (coastal SE Qld) and am really astonished at the rapidly falling asking prices. Way more than 20% over prices two years ago.
A couple I know recently separated as they could not afford the rent any more on their pensions.
The wife now lives with her Daughter and the husband moved onto a small farm here on the Peninsular for a bungalow and drives a child to School a couple of days a week for a low rental.
You can have and twist all the figures you like, but the necessities of life are becoming dearer by the day, petrol, food, power, water etc., so the game is changing.
With the increasing job losses being reported daily this must kick in soon to the downside in my view. And unless something very dramatic occurs with the economy it looks like the years ahead are going to be nasty indeed for the property investor.
But perhaps the most astonishing figure to come out of the latest census results was a near 50 per cent jump in rents since the 2006 census.
Advertisement: Story continues below
Between 2006 and last year, the median weekly household rent jumped 49 per cent from $191 to $285. That's an annual rate of 8 per cent-plus a year across the entire country, far outstripping annual growth in median household incomes of about 3.5 per cent.
yes it is and not just for housing, which is why you use the stats to hit your target market. There are a lot of cheap options to make renters want to live in your house.so the game is changing
We built a house in 98 the ex decide she wasn't good enough to live in the place due to a low self esteem problem, though having the Air con in the main bedroom was over the top so slept outside while the rest of the family slept in the Air con on hot nights, so SHE decided on a divorce place owed us 330 ended up selling for 290 after the bubble it went to $870.
SHE didn't wanted it sold out of spite because my solicitor was picking on her.
We got about $ 190 back which she got as settlement.
from the census
here is some more stats
The median monthly mortgage repayment in Australia was $1,800. For 9.9% of households, their mortgage repayment was more than 30.0% of their income.
In Australia, the median weekly rent was $285. For 10.4% of households, their rent was more than 30.0% of their income.
Of occupied private dwellings in Australia, 32.1% were owned outright, 34.9% were owned with a mortgage and 29.6% were rented.
http://www.censusdata.abs.gov.au/census_services/getproduct/census/2011/quickstat/0
More 'for lease' signs are generally about this time of year and around Christmas.
yes it is and not just for housing, which is why you use the stats to hit your target market. There are a lot of cheap options to make renters want to live in your house.
Those stats are very similar to the experiance i have posted since being a landlord since 2005. I wonder why every tennant in this thread has had a much different experiance...... guess theyve got an agenda to push??? But when not one of them have had a similar experiance to the census results you do have to wonder!
Those stats are very similar to the experiance i have posted since being a landlord since 2005. I wonder why every tennant in this thread has had a much different experiance...... guess theyve got an agenda to push??? But when not one of them have had a similar experiance to the census results you do have to wonder!
But perhaps the most astonishing figure to come out of the latest census results was a near 50 per cent jump in rents since the 2006 census.
Advertisement: Story continues below
Between 2006 and last year, the median weekly household rent jumped 49 per cent from $191 to $285. That's an annual rate of 8 per cent-plus a year across the entire country, far outstripping annual growth in median household incomes of about 3.5 per cent.
Easily explained in my case. We have been renting for only a little over a year. The decreases I am seeing are happening now.
I don't dispute this at all. When we returned to Melbourne a year ago I was shocked at the price of rentals, they had dramatically incresed since last time I rented both in $ terms and as a percentage of income. I was even more shocked at what it would cost us in mortgage repayments to buy however, which was easily double what it would cost to rent. So by that comparison it was/is cheaper to rent. Rents are not cheap per se but cheaper than mortgage repayments and dropping. So I would agree with young-gun, it's cheap to rent at the moment (considering the alternative).
It has always been cheaper to rent than buy initially. as is the pricing of anything that has projected growth. Would be interesting to have a tally on your death bed ie rent vs buy in your life time you wont have the answer just yet but everone who is now gone that has come before you does and its not in favour of renting
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?