I thought I should add - my stat on rental vacany rates being at 3.9% for victoria wasnt far off the mark for the nation which is running at 4% according to page 80 in the SMH today.
Interesting article . Mentioned that rents have only increased in line with inflation over the last 10 years and with the concurrent building boom look like they will be heading down due to oversupply.
It also says property investors in the UK laugh when they see the rental returns here as they expect a minimum of 8-9% gross even in property boom times.
WE will see average of 8-9% again too in the next few years and it wont be because of rising rents either.
LB
Interesting article . Mentioned that rents have only increased in line with inflation over the last 10 years and with the concurrent building boom look like they will be heading down due to oversupply.
It also says property investors in the UK laugh when they see the rental returns here as they expect a minimum of 8-9% gross even in property boom times.
WE will see average of 8-9% again too in the next few years and it wont be because of rising rents either.
LB