17 to 20 % but more because some hold multiple properties maybe up to 30% at a guess
Have we hit the peak of the market
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17 to 20 % but more because some hold multiple properties maybe up to 30% at a guess
"less than 20% deposit, more than 30% on mortgage and could save more by waiting" you just described 80% of first home buyers, the vast majority 5 years after they buy are thrilled they bought when they did, in fact i am sure there are some that are not thrilled but i have never met them.
See: http://www.abs.gov.au/ausstats/[email protected]/bb8db737e2af84b8ca2571780015701e/37171EAC4F4F016ECA2573D20010F849?opendocument
Far right column of table 10.5 shows the % of owner-occupied dwellings, which has remained around 70% over the years, although the relative composition of owner-occupies with and without a mortgage has fluctuated. The remaining c. 30% are renting from private landlords/public housing.
All of the above only describes different states of how people's lives (emotions and/or finances) are at the time of purchase. They are (in the above instances) still buying purely a roof over their heads.
They are not speculating.
but when they can rent cheap as places empty why buy .. they turned the market here into a casino with easy credit .. you snooze you loose .its over
Hi, say that again: where can you rent cheap as houses empty? Is it Detroit?
KY
KY
perth for one i should know im here doing it .
just search to let it tells the story .
i have never seen so many signs up for lease .
Where do you reckon the tenants are going TS? A lot of them were building the apartments a year or so ago and they don't hang around when work dries up.Come to Townsville plently of stuff to rent, newspaper is going back to like it was during GFC flooded with rentals I give it abit longer property guide will be larger than the bully itself
I have no idea were they go move back home share a place maybe, for example I began renting a place back 2007 and it was hard to find a affordable small flat even though I had good pay and savings I found a place in the end for $220 then during the GFC I had a property inspection and I mention to the agent the amount of rentals had skyrocketed since compared to when I was looking she said yes we have so many now there taking longer then normal to fill, she had told me they were advising people not to increase rents, well I have noticed similar things happening now although the newspaper has had ample of rents since 2007 but appears to be getting worse in my view.
My rent is $240 now which considering how much the rates have increased for home owners I think I'm doing ok I might ask for a reduction in rent since I live by myself, I have the option to share a house which would be cheaper for me again, no plans to purchase a house yet will follow what happens but redirect all my money to stocks, futs, FX markets and hold 100% cash and forgien currency during corrections such as the one we have at the moment will load up the other way when I think its over done but looks as if markets have further to fall yet.
i've never known it to be cheaper to buy than rent and there doesnt seem an excessive supply of rentals.
you cant be serious guess ill have to prove it ..
would you prefer pics or details from estate agents?
i have all day everyday to drive about and i see it .
http://reiwa.com.au/research/listings-rental-trends.cfm
does seem to be rising a bit over time. as supply is delivered ahead of the next boom I suppose
does seem to be rising a bit over time. as supply is delivered ahead of the next boom I suppose
I have, but I'm being told I know nuttin.
me too and im a drunk and blah blah, i had a relaxing day drinking champers in vintage hollow stemmed cut glasses(full set at swap meet cheap) toasting $1500 gold ..
lost alot of friends over the gfc and what i said
some people just cant see the wood from the trees
Would have only been over $1,500 long enough for one drink. But then you can always toast the memory.... LOL
Edit: Back up to 1,511 so you were entitled to that drink.
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thats your world. Have a look at my world. In my zone of about 7000 residents, around 2.5, 3000 units there is only 1/1BDR and 2/2bdr's for rent under $600 pw. And you reckon its dead. Can i sugest you broaden your veiw
Would have only been over $1,500 long enough for one drink. But then you can always toast the memory.... LOL
Edit: Back up to 1,511 so you were entitled to that drink.
be doing it again today lol 1532 at close
to the other poster what if the mine shuts down in the area?
i'm guessing mining town
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