Anyone else notice that rents are going up?
#16
BE Enthusiast
Joined: Nov 2007
Location: Brisbane
Posts: 453
Re: Anyone else notice that rents are going up?
There's a 2 bedroom unit on realestate.com in Ashgrove for $275 per week. It's obviously a break lease because in the small print it says rent will increase at end January to $350. $75 per week increase!
#17
BE Forum Addict
Joined: May 2005
Location: Canberra, ACT
Posts: 1,222
Re: Anyone else notice that rents are going up?
Rents here have shot up too in NZ Nerine.
But when we checked rentals in OZ, we have compared them to NZ rents and they almost match...
Big difference is.........salary in OZ is going to be almost 3 times we earn in NZ!
What's it like to be rich? I forgot!
But when we checked rentals in OZ, we have compared them to NZ rents and they almost match...
Big difference is.........salary in OZ is going to be almost 3 times we earn in NZ!
What's it like to be rich? I forgot!
#18
Re: Anyone else notice that rents are going up?
...there's no reason for landlords to offload positively geared properties. Negative gearing is the government's reward to private landlords for providing rental accomodation that the government doesn't in the form of social housing. A positively geared investment is however always more attractive than a negatively geared one.....after all you are only recovering at most around half of the loss....if you were actually making a profit instead then I would say the property is a keeper!
#19
BE Enthusiast
Joined: Sep 2005
Posts: 517
Re: Anyone else notice that rents are going up?
...there's no reason for landlords to offload positively geared properties. Negative gearing is the government's reward to private landlords for providing rental accomodation that the government doesn't in the form of social housing. A positively geared investment is however always more attractive than a negatively geared one.....after all you are only recovering at most around half of the loss....if you were actually making a profit instead then I would say the property is a keeper!
Mark