http://www.theage.com.au/national/landlords-must-cut-rents-20081008-4wjw.html
HAhahahahaha
They are kidding, right??
HAhahahahaha
They are kidding, right??
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Yup, as long as they dont mind me adjusting for the increases in Land Tax, Water rates, Council rates, Body Corporate rates, PM increases.........
Actually, I didnt even increase the rent when the Interest rates increased!
So they take it as a given that some LL's will have mortgages on their properties and therefore costs. But they gloss past the fact that the LL may still be in negative territory on his cashflow?
Eh, what's it matter, bunch of morons anyway. I didn't put my rents up because interest rates are rising and I won't be putting them down because rates are falling. I'm one man, my rent at renewal periods is determined by the other 200 houses on the market in my area at any given time! It's got nothing what so ever to do with my personal finances!