Insane increase in vacancy rates in Australian cities

I agree with you, i also don't care what anyone makes , i'm just highlighting that the cause of high property prices in Australia is not really with the regulations and building standards which are extremely low in the residential sector,

the reason is in other area, land, labour and approvals, stamp duty and so on.

 

For that sort of price it should be possible to get a dwelling with the highest Energy Efficiency Assessment. A rating like this would ensure that hating and cooling are barely needed.

 

$40k!? I had double glazed windows fitted to a 4 bedroom house in Sydney with extra large windows for $7k about 8 months ago. A few quotes were all around the same but seemed expensive, I put it down to the extra large windows and having more than your average home.

Having said this, I wouldn't use the company I chose again.

 

Totally agree, the fact that a labourer isn’t paid $1 an hour and subjected to deadly workplace is one of the reasons why this country is so great.

Dropping wages would be shooting ourselves in the foot. Our living standards are high, crime rates low and we have political stability. These are the reasons why we can grow our economy through mass immigration. Drive our wages into the ground and watch our standards drop and immigration dry up.

 

i don't disagree , but the point remains its the wages , land , demand, and pre construction costs drive the house prices, its not in the cost of building materials to the Australian standards and specs that people claim, because these are extremely low in residential construction

 

Monthly Housing & Economic Chart Pack | CoreLogic

 

yes, go to domain.com.au do a map view of rentals....

there are some opportunities there, but very far and between.
most of the places there are heaps of rental supply.

not a time to become a landlord, unless prices drop another 10-20%.

 

$40,000 ios the cost of Double Glazing a house

NOT selectingsome most windows.


My Bi-fold door to the outside Alfresco was $11000 FOR SINGLE Glazed.

I cant imaging the type of windows you got for an entire house for $7000


From some one who does alot of building and has a degree in the field.
Sorry.
To be honest i simply dont believe you.

 

Compare a the cost of Double Brick vs Brick Veneer.

Compare the cost of of Single Glazed vs double and so on.


Than you will see hoe much it adds.

Simply saying i dont agree is ignoring the fact to lift Material standard selection costs money the 2 examples above alone can add $100,000 OR so for the above 2 options alone than their is other items that can achieve a higher thermal efficiency

 

Not their not part of the standard building regs , that’s the difference elsewhere they are built to this standard as a rule , here it’s an option

 

Read what I said, it was the whole 4 bedroom. house. We shopped around a lot as some quotes were quite steep but we had 3 that weren't that far apart.

Quality of the actual windows is excellent, however there was an installation issue that I was very unhappy with and wasn't dealt with by the installer reasonably at all. I paid cash up front so I had to deal with it. Was one of the few issues in our full renovation so I shouldn't complain.

 

I made a claim it costs $40,000 to double Glaze the house likely more.

You challenged by saying you did some windows for $7000

My reply to you Cant do a house full for double Glazed windows for $7000,


It is however possible you selective choose certain rooms to double glaze like bedrooms and so on. That i will believe..
$7000. For a house is simply not possible.

How about we call

Contact | Rylock Windows & Doors

Speak to some one there like Ange

And ask What $7000 will get for me.


I think its a better process.

 

Hey google what is the average cost for double glazing in Australia?

Google:

"There are a lot of factors to consider, such as design, color, and size, all of which increase or decrease double glazed glass price. Based on the standard statistical information, the average cost of installing double glazed windows in Australia is around $1,000 per square meter, give or take" .Apr 24, 2019

 

So based on the above $7000 will buy you 3-4 windows?

 

I guess these things are like tree looping, some can charge 4,000 for the same job whereas some other can charge 1,800.

based on my actual quoting experience, for tree looping.

 

Good point.

 

Fast forward to now...as I understand it, 500K expats have returned home since the start of the pandemic. I wonder how many students/tourists we've lost though. Net result is negative population influx I'm sure.

Also, it remains to be seen whether the expats will eventually return overseas - the majority will I suspect.

 

Hi all - take a look at the attached updated vacancy rates report since June 2020.

As can be seen, vacancy rates for postcode 2000 (Sydney city) have reduced down to single-digit figures now since June 2020, which is good news for those of us owning real estate in the Sydney CBD.

What do you think is driving this?

 

Hi all - also attached are vacancy rates for postcodes 3000 (Melbourne city) and 4000 (Brisbane city).

Vacancy rates in both postcodes above have also reduced, however Sydney (2000) has had the most dramatic reduction in vacancy rates - both down to single digit figures compares to the quarter before.

Any insights on this?

Melbourne vacancies are still quite high in terms of available rental listings which is 1800+ - sounds like a lot of vacancy new apartment buildings there.

 

I have lived in the areas for many years, since Jan I have noticed 5 listing in my immediate surrounding streets, something I have never seen. So I check the vacancy rate - more than 5% ... it was normally around 2% and I still remembered my friend in the area’s complaint about how hard it was for them to get a rental in 2019... things have changed. Good luck to the landlords in the area