[Melbourne] Rent crisis forces urgent action
Feb 17th 2008, 3:24 am
#1
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Posts: 721
[Melbourne] Rent crisis forces urgent action
From todays Age paper...
Full article at :
http://www.theage.com.au/articles/20...e#contentSwap1
THE State Government has announced new fast-track home building rules as Melbourne rents jump 12.7% in just 12 months.
The rent rise is more than double the previous year's increase and almost three times the average annual increase over the past eight years.
Main points...
■Rents across Melbourne up 12.7% in 12 months
■Inner Melbourne up 13.3% to $340 per week
■Southern Melbourne up 13.2% to $300 per week
■North-eastern Melbourne up 13% to $260 per week
■Median three-bed house rent across Melbourne up 14.9% to $260 per week
■Vacancy rate for Melbourne of 1.4% compared with 3.6% for 2000-05
Full article at :
http://www.theage.com.au/articles/20...e#contentSwap1
THE State Government has announced new fast-track home building rules as Melbourne rents jump 12.7% in just 12 months.
The rent rise is more than double the previous year's increase and almost three times the average annual increase over the past eight years.
Main points...
■Rents across Melbourne up 12.7% in 12 months
■Inner Melbourne up 13.3% to $340 per week
■Southern Melbourne up 13.2% to $300 per week
■North-eastern Melbourne up 13% to $260 per week
■Median three-bed house rent across Melbourne up 14.9% to $260 per week
■Vacancy rate for Melbourne of 1.4% compared with 3.6% for 2000-05
Last edited by @boy; Feb 17th 2008 at 3:27 am.
Feb 17th 2008, 4:05 am
#2
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Re: [Melbourne] Rent crisis forces urgent action
Melbourne looks cheap compared to what I'm paying.
Feb 17th 2008, 4:13 am
#3
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Feb 18th 2008, 4:13 am
#6
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Re: [Melbourne] Rent crisis forces urgent action
Bayside Melbourne? Whereabouts are you? I do corporate relocation work and have yet to find a decent 4 bedroom for that sort of money. In fact could only just probably get a 2 bedroom unit.
Feb 18th 2008, 6:40 am
#7
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Re: [Melbourne] Rent crisis forces urgent action
Due to my short time in Oz I had mistaken "bayside" to be anywhere near the coast. A quick google search corrected me. Were in Langwarrin.Sorry again
Feb 18th 2008, 7:22 am
#8
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Re: [Melbourne] Rent crisis forces urgent action
And yes, approx 1,500 rent p.m would be acceptable for a place in Frankston, and almost 60km from the Melbourne CBD.
The point of the original post was more to highlight the percentage increase in rents over the last 21 months and not so much the absolute values.
Last edited by @boy; Feb 18th 2008 at 7:55 am.
Feb 18th 2008, 7:26 am
#9
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Re: [Melbourne] Rent crisis forces urgent action
Which is essentially Frankston (or just 6k inland from it)
And yes, approx 1,100 rent p.m would be acceptable for a place in Frankston, and almost 60km from the Melbourne CBD.
The point of the original post was more to highlight the percentage increase in rents over the last 21 months and not so much the absolute values.
And yes, approx 1,100 rent p.m would be acceptable for a place in Frankston, and almost 60km from the Melbourne CBD.
The point of the original post was more to highlight the percentage increase in rents over the last 21 months and not so much the absolute values.
Feb 18th 2008, 7:30 am
#10
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Re: [Melbourne] Rent crisis forces urgent action
Hold up a sec mate. Langwarrin is not "essentially Frankston", any more than Mount Eliza or Mornington are "essentially Frankston". David is absolutely right when he says
and its not 60ks from the CBD. It's 45. 
It's about the best value property by the sea within commuting distance of the CBD that is available in Melbourne, if not Eastern Australia.
Buzzy
Originally Posted by gidxg03
No it's not in Frankston. It's a suburn next to Frankston without all the hastles Frankston has.
It's about the best value property by the sea within commuting distance of the CBD that is available in Melbourne, if not Eastern Australia.Buzzy
Feb 18th 2008, 7:40 am
#11
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Re: [Melbourne] Rent crisis forces urgent action
That comment was certainly not intended to rankle anyone (apologies if it has). I know that a lot of people on this forum are aware of the general location of Frankston and its distance from Melbourne CBD, so it was the handiest reference I could use as soon as I hear Langwarrin mentioned (I fly at various sites on the peninsula regularly, so I know the area pretty well)
I guess if you take the shortest possible drive from Langwarrin to the CBD (via the Nepean), it would be 50k (but certainly not a k less, surely ?).
Last edited by @boy; Feb 18th 2008 at 7:46 am.
Feb 18th 2008, 8:44 am
#13
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Re: [Melbourne] Rent crisis forces urgent action
Hold up a sec mate. Langwarrin is not "essentially Frankston", any more than Mount Eliza or Mornington are "essentially Frankston". David is absolutely right when he says
and its not 60ks from the CBD. It's 45. It's about the best value property by the sea within commuting distance of the CBD that is available in Melbourne, if not Eastern Australia.
Buzzy
and its not 60ks from the CBD. It's 45.
It's about the best value property by the sea within commuting distance of the CBD that is available in Melbourne, if not Eastern Australia.Buzzy
