Adelaide rental properties
Posted: Mon Aug 01, 2011 12:49 pmHas it heated up a bit over there?
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Posted: Mon Aug 01, 2011 12:49 pmRe: Adelaide rental properties
Posted: Mon Aug 01, 2011 1:35 pmIn a word. No.
Re: Adelaide rental properties
Posted: Mon Aug 01, 2011 4:13 pmAh. 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.
They should come over here, add 150-200 onto the weekly rent.
Re: Adelaide rental properties
Posted: Mon Aug 01, 2011 5:42 pmOne word. Karratha.
Re: Adelaide rental properties
Posted: Mon Aug 01, 2011 5:43 pmStill 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...
I was getting $300pw for a very modest 3 bed house. Could have got $320...
Re: Adelaide rental properties
Posted: Mon Aug 01, 2011 6:04 pmThe Sleeping Giant wrote:One word. Karratha.
Yeah, it was being talked about on the local ABC today. 1500+ per week
Re: Adelaide rental properties
Posted: Mon Aug 01, 2011 6:09 pmBooney wrote: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.
Re: Adelaide rental properties
Posted: Mon Aug 01, 2011 8:33 pmBarto wrote:Booney wrote: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.
Re: Adelaide rental properties
Posted: Mon Aug 01, 2011 9:24 pmCant 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.
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.
Re: Adelaide rental properties
Posted: Tue Aug 02, 2011 11:59 amIt'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.Barto wrote:Cheers. Just wondering what's pushing it up in Adelaide, as I didn't think there was any major economic activity going on.Booney wrote: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...
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.
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.