COVID-19 impact on owner occupied property

Home Affairs minister with virus hehehe. Good luck home

 

There is a real panic in the community now regarding to corona virus when there is a real frenzy to stock up household items in anticipation of lock down.
Hard to imagine if the price would go up anytime soon if people are still fighting over toilet tissue rolls ...
https://thewest.com.au/news/coronav...os-as-wa-shoppers-turn-violent-ng-b881489862z

 

Toilet paper is like the most non essential item I can think of.

 

Having seen some of the footage, it should be the case that if you assault another customer or staff member, you're banned from the store for a month, with your pic on display at the entrance as a warning to others.

 

As a landlord, I'm concerned if my tenants lose their jobs and cannot pay the rent.

 

We are going to send staff home unless essential. Client seminars will be via webex.

 

I’ve already had two retail tenants ask for rent reductions or deferments.

 

It has started....
TV adverts about how to wash your hands !
Soon they will ban international flights
Within weeks when the voluntary home confinement (turns into mandatory), starting in NSW, followed by other states, and likely to drag out for a month !
All at the detriment of those who obey, while others flaunting the government's attempts to reduce the strain on our health services !
The needs of the one will most likely outweigh that of the many (but it's only the flu)

 

The real impact of this event depends on landlords and lenders response to tenant/business requests like this. Most certainly you're not the only one with some tough decisions to make!

 

yes this will be a key factor...I imagine that there will be many in a similar situation as job losses and reduced shifts/hours flows down through the workforce chain.

and similarly, the banks will also be concerned as to whether their mortgage holders can continue paying off their mortgages...

 

I have one property not yet rented in brisbane for 3-4 weeks and my agent advised me to reduce rent by $20 as people coming to inspections have drasticaly reduced.
My mates tenants have asked for $50 rent reduction it seems in brisbane, all happening.

 

Wiping your arse with clean toilet paper is the foundation of civilized society. Without it we might as well be animals.

 

Regards to buying it depends where and what

My friend buying 3m family home Sydney is ecstatic as she won’t be competing with Chinese and the new rules around expats mean even more stock, less competition and solid deadlines

In Italy banks are already negotiating relief for mortgage repayments

I’m not exposed and I work casually but have spare cash lying around and will be buying up shares soon. When it hits rock bottom. Not for a few wks

 

I just had Colliers come present at my office. They said if you have a vacancy now and tenant wants 6-12 month rent free just give it to them.

 

Can’t you just shower after?

 

Everywhere else in the world thinks white people are dirty because they wipe and walk but 80% of the world washes very very well. Wiping does NOT clean your ass

 

About to put my PPOR on the market, so have been in contact with agents and looking at the market closely.
While the new rules around expats selling as a non-resident affect me and have prompted other non-resident sales recent events will more than compensate. There is a huge uptick in returning expats wanting to secure a new PPOR to return to.
First driver is the virus situation in other countries - I wouldn't like to be in Europe, the UK or US at the moment. Luckily I returned a week ago to organize the sale of our PPOR in Sydney. The agents tell me their phones and email are running hot with inquiries coming from returning expats wanting to secure a home to return to.
Second driver is the exchange rate, look at the change in the rates to AUD from GBP, EUR, USD and CNY in the last month. Expats have 10 - 15% more cash in AUD.

 

You have to give your freckle a bit of a spit and polish too, toilet paper itself only goes so far but it is the preferred medium for this.

 

One of the most ignorant things I've read on this forum. At least you got the TV adverts bit right.