在澳大利亚 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 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
What do you believe your rents will increase by per annum in your particular area? Say, north, south, east and west. Just state your area, and whether its a unit, townhouse, semi, house, etc.
Which town, city, state are you wanting to hear about?
Oh, just thought it would be interesting what the predictions would be in your own investment area? Cheers
$10 a year if you're lucky.
how long (or short) is a piece of string.... as usual it all depends, think you need to tighten your question if you want more responses
I have not invested in the area (yet), but for Mawson Lakes SA:
Low to medium price range houses/townhouses: currently flat, expect mildly down over the next year or so.
Medium to high price range houses: flat to falling, expect falls to accelerate over the next year or so.
All units/apartments: currently flat to falling, expect large falls.
Mawson Lakes is a newish development 15km from the CDB, demand dropped off a year or so ago, lots of recent completions for rent and/or sale, they are also competing with what the builders are holding and the last few yet to be started off the plan houses.
There is a big glut of apartments both for sale and/or rent right now and while the burb type sections (houses and townhouses) are 95% complete the apartments in and around the town centre have only seen about 50% constructed so far.
In fact it looks like a lot of the planed apartment buildings have been either put on hold or abandoned (some development sites are even for sale as mortgagee sales).
I'm bearish now but long term after some falls it should be a go area to buy in.
Thats the one problem i see with new developments such as Mawson Lakes, New Port Quays, Playford Alive etc. At first there is a lot of interest, but it slowly dies down, as a lot of fundamentals such as close to the cbd, surrounding suburbs just arent up to par with say some established metro suburbs.
Im hoping for a rise of around $30 this year. That is after my tenant moves out in a month, and i do a small reno of around $7-10 000. New paint, floors, and a tidy up of the kitchen and bathroom should hopefully do that.
Lawry said: ↑
how long (or short) is a piece of string.... as usual it all depends, think you need to tighten your question if you want more responses Click to expand...The length of a piece of string is twice as long as half it's length?
redwing said: ↑
The length of a piece of string is twice as long as half it's length?Click to expand...If is string it will almost always be long enough to get tangled.
If its rope....
How about people just give their anecdotal gut feel of their local market.
Checked out comparative rentals to a property of mine in Perth and the asking rents are $30/wk less than what I'm getting. I guess it's a slow time of year.