澳洲Australia property Rent Drop/High number of homes for sale |


在澳大利亚 The pool at of an IP needs to be resurfaced (or so the pool doctor says), the cost was estimated to be $10K ($10,000), after recoverying from my impresssion of a cat coughing up a fur ball, it just seems far too much. Its just a standard poo I need some advice regarding a property purchase. Property - semi-detached house Bedrooms - 2 Condition - average needs internal reno to modernise Street - one of the best in suburb Location - excellent Close to schools - yes Transport - 50m


So what is the market saying when over the last 12 months I have seen alot more cheaper rentals come on and at the same time many houses are still stagnant on the market.

General devaluation in suburb I guess?  

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what suburb and market are you talking about?

certainly haven't seen it in certain markets here - but have in others.

can't make general sweeping statements like that and expect them to be believed as there are markets within markets, and suburbs next to each other performing radically differently.

what to read into it? if the property is located right, and of desirable rental quality, then put in a really low offer.  

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Yes, its probably saying that. And a genereal lack of demand for housing.

The housing shortage is a myth.

Postcard said: ↑
So what is the market saying when over the last 12 months I have seen alot more cheaper rentals come on and at the same time many houses are still stagnant on the market.

General devaluation in suburb I guess?Click to expand...
 

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Oh Lizzie,

The area is Two Rocks, Western Australian.

Also have noticed alot of salers switching RE companies but to no avail  

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Postcard said: ↑
Also have noticed alot of salers switching RE companies but to no availClick to expand...
That's because we have a gazillion properties on the market over here at the moment and vendors are still slightly bullish in their expectations.

Won't be long now...vendors will realise, lower their expectations, and then the stock will be absorbed. Just in time for the imminent mining boom we are about to have...or not:confused:

Boods  

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I thought we had a slow down 6 months ago as I had a little trouble filling a property. But now things are as tight as ever. We had an employee move here from Darwin and he can't believe how hard it is to secure ANY property. Rents edging up also. New housing has stopped for years now. Plenty for sale but majority sell quickly. I would say our market is balanced apart from a shortage in rentals.  

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not here in my local brizzy suburb. Tenant recently moved out of one IP. First open home inspection over 8 parties walked through. Multiple applicants. New tenant in within a couple of days of old tenant vacating. Bank valuation has increased circa 15% in past couple years.

Like others have said. Markets within markets and cannot make generalised sweeping statements.  

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eggnog said: ↑
not here in my local brizzy suburb. Tenant recently moved out of one IP. First open home inspection over 8 parties walked through. Multiple applicants. New tenant in within a couple of days of old tenant vacating. Bank valuation has increased circa 15% in past couple years.

Like others have said. Markets within markets and cannot make generalised sweeping statements.Click to expand...
Wondering which suburb ? In Brissy it's all D&G.  

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