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Forum: Australian Bubble Forum

Forums->Australian Bubble Forum->Rents through the roof

juicedpixels	Rents through the roof
	I just signed a new lease and locked in our rent until May 2011. The increase in rent was a measly 2%. The MSM have been preaching about 'rents through the roof' this year, which is utter crap, considering vacancy rates are still rising where I live in Brisbane (do a search on realestate.com.au, or google maps). To put the 2% rise into perspective, our enterprise bargaining agreement that lasts until 2012 includes a 4.5% indexation increase every year, which means I am getting more income and paying less rent
	on: Fri 26 of Feb, 2010 [04:32 UTC] reads: 1768

Posted messages Style Plain Threaded Headers Only Sort Newest first Oldest first Find author message bps  Re: Rents through the roof on: Fri 26 of Feb, 2010 [04:42 UTC] granted, but we must concede we also got it worng as house prices extend their rally in January 2010 and looking good for the years ahead. author message juicedpixels  Re: Re: Rents through the roof on: Fri 26 of Feb, 2010 [04:51 UTC] Don't believe a single RP Data report. author message juicedpixels  Re: Rents through the roof on: Fri 26 of Feb, 2010 [04:53 UTC] I just worked out each .25% increase in mortgage interest rates, is a 2.3% increase in weekly repayments. As they're expecting interest rates to rise by 1% this year, it shows comparatively how little the increase is. author message hojusaram  Re: Rents through the roof on: Fri 26 of Feb, 2010 [06:45 UTC] bps. I have to agree with juiced here. Please don't fall for the statistic drivel pumped out by RPData and the rest of the RE propoganda machine. Median house prices were always going to rise in the first half of 2010 as secondary buyers purchased secondary properties using their ponzi cash from FHBs. What you won't get from these people is that the volumes are falling as the bottom of the market buyers disappear because the demand was pushed forward to far by the grant. This is the exact same effect of the tax credit for houses and cash-for-clunkers programs in the US. It is very clear to me now that the bottom end has tapped out. Every new listing in my area is now "by negotiation" and their are heaps of old listings with titles like "price drop to meet the market".. It may not be clear in the Horse Pucky stats yet, but it is certainly clear to me that 2010 is going to be very very bad for RE. author message hamish  Re: Rents through the roof on: Mon 01 of Mar, 2010 [00:12 UTC] Regarding RP Data reports, looking at their press releases over the last year I found the following, we have a Sydney median Dec 08 of $502k, and Dec 09 of $510k, now in Jan 10 it's described as a rise to $495k wtf?? Link http://www.rpdata.com/press_releases/index.html

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