over supply of rentals

Discussion in 'Property Market Economics' started by Daisy1, 6th Jun, 2017.

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  1. Daisy1

    Daisy1 New Member

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    it seems like there is an over supply of rentals in the logan, north gold coast areas. Do you think it has to do with alot of new areas opening up?
     
    Daisy1, 6th Jun, 2017
    #1
  2. Xenia

    Xenia Well-Known Member

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    There is an over supply of rentals everywhere.
     
    Xenia, 6th Jun, 2017
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  3. Scott No Mates

    Scott No Mates Well-Known Member

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    Damn investors! They ruin the returns for the rest of us ;)
     
    Scott No Mates, 6th Jun, 2017
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  4. Zoolander

    Zoolander Well-Known Member

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    I wonder if theres any suburbs with a near 100% owner occ population. Like... No investors are able to buy into the area at all
     
    Zoolander, 6th Jun, 2017
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  5. Xenia

    Xenia Well-Known Member

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    No
    There are investors that own $1.5 mil properties in prestige suburbs, some of those investors are on this forum
     
    Xenia, 6th Jun, 2017
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  6. Kangabanga

    Kangabanga Well-Known Member

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    yeah there's land everwhere still in SEQ and developers have been subdividing and building in a massive fashion up until latter half of last year. Now as these subdivisions and developments complete there will be a flood of new stock coming to the rental market, we are almost into the 2H of 17 now, where apartment and townhouse completions will really start to rise fast and hit the rental market.
     
    Kangabanga, 6th Jun, 2017
    #6
  7. DaveM

    DaveM Well-Known Member

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    Suburbs.. not really. Developments/communities, yes there are some which prohibit renting and are 100% OO.
     
    DaveM, 6th Jun, 2017
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  8. Daisy1

    Daisy1 New Member

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    They did this in Perth a couple of years ago, i know alot of small investors lost out
     
    Daisy1, 6th Jun, 2017
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  9. sash

    sash Well-Known Member

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    Definitely an indication of too many investors.....
     
    sash, 6th Jun, 2017
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  10. RetireRich101

    RetireRich101 Well-Known Member

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    which Logan suburbs are you speaking of? Do you have properties in those suburbs? What type of dwelling are they?
    Appears SEQ rental market is bit soft at the moment..
    BCC and Moreton Bay is also not immune...
    such as this one Kallangur Rental
    The inner Brisbane apartment is worst.
     
    RetireRich101, 6th Jun, 2017
    #10