Has your cashflow taken a hit

It is also a very galvanising disease ...

 

Fortuntely business as per usual. I think my property manager selected my tenants well.

 

Took a hit on one property where we dropped 10% and also waived 8 days in arrears to a good tenant doing it tough.
In the middle of refinancing in Lonnie, where we did a development on the back of a large block.
The valuer came in around 25% below the true value, which we are protesting with comparables.

 

Valuations seem to always be on the conservative side, however, in current environment even harder for valuations to come in??

I assume you have looked at last 3 month comps, same product, similar location

 

Have had vacancies , but with mortgage rates decreasing , selling recently and paying down debt we’re quite comfortable .

still going ahead with a development which will increase cash flow . If works well , might repeat .

cliff

 

personally, its not whether I give a rent discount of 10% or 50%,

It's if a tenant decides due to covid, they are the victim and deserve not to pay their rent, whether they pay anything at all and stay is significantly more important

 

“Problems are not stop signs, they are guidelines.” – Robert H. Shuller

 

"One of the great mistakes is to judge policies and programs by their intentions rather than their results." - Milton Friedman

 

Yep, sure have.
Fingers crossed we get a good result today.

Otherwise we look at another lender - give them the comparables at the start and make sure its a different valuer (if that is possible).

 

We had the tenant just leave our Granny flat less than a week ago . Re rented at slightly higher rent .

High vacancies locally , but not much in the lower price range so some competition there .

Cliff

 

Business as usual for rentals with one actually getting a rent rise.

My employment has suffered with far less hours though.

 

Cliff
Just curious location of granny flat? If you care to share

 

It's in his back yard

 

“Whether you think you can, or you think you can’t – you’re right” Henry Ford

While you are blaming “policies” for not being able to see your family we have personnel flying in and out of BNE daily.

Got to run, have a plane to catch

 

Good for you, but your exemptions are irrelevant to my situation or any of my colleagues based all over QLD.
I'm sure you think the Priemer is doing a great job based on your enthusiasm to rebuke my experience.

I personally think running a tuck shop would be a more appropriate for her.

"Laws are spider webs through which the big flies pass and the little ones get caught."
Honore de Balzac

 

In our back yard

Cliff

 

Was it < $400?

 

Cashflow has never been better. No tenants have asked for a rent reduction, free childcare, low interest rates and cheap fuel.

 

No > $500.

Cliff

 

wow, a 3 bedder at this price??