Adelaide rental properties

[Barto]

Has it heated up a bit over there?

[Booney]

In a word. No.

[Barto]

Ah. Getting whinges from the family that rents are too high in Adelaide at the moment.

They should come over here, add 150-200 onto the weekly rent.

[The Sleeping Giant]

One word. Karratha.

[Booney]

Still very low vacancy rates mate, was below 1% of rental property's were vacant not 12 months ago. No wonder rents have gone up.

I was getting $300pw for a very modest 3 bed house. Could have got $320...

[Barto]

One word. Karratha.

Yeah, it was being talked about on the local ABC today. 1500+ per week

[Barto]

Still very low vacancy rates mate, was below 1% of rental property's were vacant not 12 months ago. No wonder rents have gone up.

I was getting $300pw for a very modest 3 bed house. Could have got $320...

Cheers. Just wondering what's pushing it up in Adelaide, as I didn't think there was any major economic activity going on.

Mother is complaining she's getting "evicted" although I reckon it's just the end of the current lease and she cant afford the latest rent hike. Sister is whining that "boo hoo, mean old landlord is pushing old lady into the street because they want more rent". Last time I checked: an investment property isn't philanthropic. Id know if it were mine I'd want the best return on it, although some landlords are happy to cop slightly less knowing they've got a good tenant in there.

[stan]

Still very low vacancy rates mate, was below 1% of rental property's were vacant not 12 months ago. No wonder rents have gone up.

I was getting $300pw for a very modest 3 bed house. Could have got $320...

Cheers. Just wondering what's pushing it up in Adelaide, as I didn't think there was any major economic activity going on.

Mother is complaining she's getting "evicted" although I reckon it's just the end of the current lease and she cant afford the latest rent hike. Sister is whining that "boo hoo, mean old landlord is pushing old lady into the street because they want more rent". Last time I checked: an investment property isn't philanthropic. Id know if it were mine I'd want the best return on it, although some landlords are happy to cop slightly less knowing they've got a good tenant in there.

Nothing major really going on. Just when you have something like less than 1% of properties vacant, then landloads can pick and choose who they want in there property.

Sorry to hear about your mother and sister but really if they are good tennants and look after the place, perhaps the landlord will be prepared to accept less rent. Perhaps they could make sure the garden was in top nick or stuff like that.

[Barto]

Cant really do much negotiating with the agent on their behalf because they're being melodramatic and going on about being "evicted". When I reckon something can actually be done that's a win/win.

I'm not even sure what the rent is currently but I'm gathering from vague SMSes that it's going up to over $300 and it's beyond her means. What really makes me what to facepalm is finding out that she's been signing six month leases, of course the agent is going to whack it up if that's what the market pressure demands.

[Psyber]

Still very low vacancy rates mate, was below 1% of rental property's were vacant not 12 months ago. No wonder rents have gone up.
I was getting $300pw for a very modest 3 bed house. Could have got $320...

Cheers. Just wondering what's pushing it up in Adelaide, as I didn't think there was any major economic activity going on.
Mother is complaining she's getting "evicted" although I reckon it's just the end of the current lease and she cant afford the latest rent hike. Sister is whining that "boo hoo, mean old landlord is pushing old lady into the street because they want more rent". Last time I checked: an investment property isn't philanthropic. Id know if it were mine I'd want the best return on it, although some landlords are happy to cop slightly less knowing they've got a good tenant in there.

It's sad when someone has to move because of a rent rise, but my money is still getting better returns in bank deposits than rental properties offer.
That's one reason there is a shortage of rental properties - as well as the risk of getting them trashed by a resentful parting tenant.
I'm still considering an investment property if I can work out how to minimise capital gains tax when I eventually sell.
It used to be that tax free capital gains offset the low returns and motivated investors to have more rental properties to offer.