Sydney = Crazy
Anyone noticed how crazy some of the rents are out west here?
Like im looking @ mt druitt at the moment and units are on for $275 pw, houses in houseo areas renting for $250pw+
Werrington is like $200 for unit or townhouses start @ $250 pw...
Where will they stop?
Quick observation....
Went to IGA for a drink the other day (i dont normally goto shops) but noticed tic tacs like $1.50, chewing gum $2, paddle pops $1.50.
Petrol is $1.60 for mid range type petrol.
Are we having a currency debasement? someone posted a richdad video the other week that shows this well its part 4 of the series.
(everything is doubling, comodities are rising, and people cannot afford to buy) Comodities are rising because of the sinking US dollar, and this will bring the rest of the world down with it.
Where will rents go?
Im going out with the balls and going to say, i think those rents that were out mt druitt way for $200 pw before we will see around $330pw+ in the not to distant future.
Why? Look at south west in same demographics, busby etc...
Rentals seem so scarce, all my pm's are saying that they got 0 rentals.
Crazy stuff....
With interest rates going up, and the new rents still aint even as good value as 2 years ago as an IP.
Michael posted a good post on reason why sydney is a great place to buy atm, due to lack of supply and demand + imigration etc.
This is going to be a great market place for those who want to make something of themselves.
I guess with saying this you go buy yourself little house that costs $100pw and rents rise $100pw it costs $0 to hold. (When rates fall it will be +cf in capital Sydney)
Anyone noticed how crazy some of the rents are out west here?
Like im looking @ mt druitt at the moment and units are on for $275 pw, houses in houseo areas renting for $250pw+
Werrington is like $200 for unit or townhouses start @ $250 pw...
Where will they stop?
Quick observation....
Went to IGA for a drink the other day (i dont normally goto shops) but noticed tic tacs like $1.50, chewing gum $2, paddle pops $1.50.
Petrol is $1.60 for mid range type petrol.
Are we having a currency debasement? someone posted a richdad video the other week that shows this well its part 4 of the series.
(everything is doubling, comodities are rising, and people cannot afford to buy) Comodities are rising because of the sinking US dollar, and this will bring the rest of the world down with it.
Where will rents go?
Im going out with the balls and going to say, i think those rents that were out mt druitt way for $200 pw before we will see around $330pw+ in the not to distant future.
Why? Look at south west in same demographics, busby etc...
Rentals seem so scarce, all my pm's are saying that they got 0 rentals.
Crazy stuff....
With interest rates going up, and the new rents still aint even as good value as 2 years ago as an IP.
Michael posted a good post on reason why sydney is a great place to buy atm, due to lack of supply and demand + imigration etc.
This is going to be a great market place for those who want to make something of themselves.
I guess with saying this you go buy yourself little house that costs $100pw and rents rise $100pw it costs $0 to hold. (When rates fall it will be +cf in capital Sydney)
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