Has your cashflow taken a hit

Discussion in 'Property Market Economics' started by MTR, 23rd May, 2020.

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  1. Lacrim

    Lacrim Well-Known Member

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    Must be a swanky place. Feel free to post photos!
     
  2. kierank

    kierank Well-Known Member

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    Who cares what the rent is. For me, it is the yield that matters.

    I know someone who gets $1,350 per week for a 3-bedroom unit but the yield is a shocking 2.5%.

    What is the yield?
     
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  3. Lacrim

    Lacrim Well-Known Member

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    It's a 1 bed granny flat
     
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  4. HUGH72

    HUGH72 Well-Known Member

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    2 x 12 month leases recently signed by tenants at the existing rent. Another lease offered at the current rent which I’m waiting to hear back about, the PM suggested at 6 month lease but I would rather a 12 month lease.
    Share market has recovered a little, whether or not that will be sustained is uncertain. I hadn’t checked our super for a while but it has also regained some ground. Our broker recently negotiated a nice discount on some of our loans. No arrears currently so cashflow is solid.
     
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  5. MTR

    MTR Well-Known Member

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    Sounds good

    I think share market will be a roller coaster ride?? Same as AUD
     
  6. kierank

    kierank Well-Known Member

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    I love your definition of a “little” :p
     
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  7. HUGH72

    HUGH72 Well-Known Member

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    I think there are many more shocks to come as businesses report earnings, more high profile businesses collapse, and when personal bankruptcies start to rise as job keeper ends.
     
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  8. GoldCoastBound

    GoldCoastBound Well-Known Member

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    Cashflow has skyrocketed for us as we have a great private label and games brand and selling crazy amounts on Amazon.com, and getting paid in USD...like xmas all over again as mums & dads try to shut the kids up buying them games....and in march was the big sale of our sports brand also in USD...we feel very fortunate
     
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  9. HUGH72

    HUGH72 Well-Known Member

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    A 50% fall followed by a 50% rise doesn’t equal a happy investor if you are in the market long term. I’m not smart or agile enough to time that, although it might be good for traders. The banks also make up such a large part of the index and their dividends have been decimated.
     
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  10. MTR

    MTR Well-Known Member

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    My fear too, its going to get alot worse before it gets better
     
    Last edited: 29th May, 2020
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  11. kierank

    kierank Well-Known Member

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    But a 27% return in 2 months is more than a little is my point.

    If you disagree, try property or cash and see how one goes :p.
     
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  12. MTR

    MTR Well-Known Member

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    You will be killing the pig getting paid in USD, AUD been going south, it hit 55 in March
     
  13. kierank

    kierank Well-Known Member

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    I can’t believe how negative some of you guys are!!!
     
  14. MTR

    MTR Well-Known Member

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    Dont mean to be negative, but it is what it is. Sign of the times

    we currently need a stimulus package To help us recover.

    You cant shut a country down for 3 months and expect no impact On business/economy

    Its a matter of how long it will take?
     
  15. HUGH72

    HUGH72 Well-Known Member

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    Nice upswing but I’m not sure what the rally is based on though, it’s not as bad as it could have been? Relief rally. My super is still down significantly.
     
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  16. HUGH72

    HUGH72 Well-Known Member

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    As I’ve described previously, I’m still in exile..:p
     
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  17. LoremIpsum

    LoremIpsum Active Member

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    Good for you! As they say, there’re opportunities in every disaster.
     
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  18. kierank

    kierank Well-Known Member

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    If my shares have gone up 27% in the last two months, I feel the market has voted :D.
     
  19. MTR

    MTR Well-Known Member

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    thats great, I hope it continues to go well, same with property markets.

    I think Syd has low inventory so holding up ok, Melb is fragmented atm
    Not watching any other markets, am sure will get feedback on this on PC

    I am sitting and watching

    Cashflow is really critical especially in current climate
     
  20. kierank

    kierank Well-Known Member

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    So do I.

    I don’t feel the property market will tank it either.

    I am getting the feeling there is some real positivity creeping into the Australian markets, the economy, shares and property.

    Not boom times but I feel the scary times are behind us, both health-wise and financially.
     
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