Property Observer-rents in 2019

Discussion in 'Property Market Economics' started by Dean Collins, 11th Dec, 2018.

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  1. Dean Collins

    Dean Collins Well-Known Member

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    Landlords will need to be ultra-realistic with the rents they set: Douglas Driscoll's 2019 property forecast

    I just don't see it.

    We increased rents on our 4 Sydney IP's an average of 2.1% in 2018.

    I know its anecdotal and only one landlord but the stories about rents crashing just dont add up based on discussions i've had with other landlords APART from highrise boxes that were overpriced to begin with, seems lots of competition from new buildings for tenants but anything built pre 1990 red brick apartments in Carlton/Kogarah or inner west....plenty of demand.

    Thoughts?
     
    Dean Collins, 11th Dec, 2018
    #1
  2. JohnPropChat

    JohnPropChat Well-Known Member

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    Wait till a full year of contract renewals go through. Some locations are always in more demand than the rest.

    Know a few investors in Western Sydney that had to revise rent down between 3% to 6% from the peak. The 6% is for a near new property so it was fetching top dollar during the peak so no surprise there.
     
    JohnPropChat, 12th Dec, 2018
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  3. Illusivedreams

    Illusivedreams Well-Known Member

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    Mine had primarily stayed flat at renewals this year
     
    Illusivedreams, 12th Dec, 2018
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  4. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    We have a Greens Senator in QLD floating a bill for max 1 % increases per annum.

    Be happy :)

    ta

    rolf
     
    Rolf Latham, 12th Dec, 2018
    #4
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  5. Kangabanga

    Kangabanga Well-Known Member

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    Rent control , its inevitable....
     
    Kangabanga, 13th Dec, 2018
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  6. Lacrim

    Lacrim Well-Known Member

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    From my observations in Sydney (in general), the rental market is getting worse. I thought it was bad last month, but is even bleaker this month. Bottomline: keep your tenants in situ and happy at all cost.

    Brisbane is tightening slightly.
     
    Lacrim, 21st Mar, 2019
    #6
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