Updated Property Stats for July 2016

Discussion in 'Property Market Economics' started by MTR, 12th Jul, 2016.

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  1. melbournian

    melbournian Well-Known Member

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    Ok Ok maybe cleveland but without lebron james but pauline instead? :)
     
    melbournian, 15th Jul, 2016
    #41
  2. Azazel

    Azazel Well-Known Member

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    Oklahoma state?
    Cleveland is the 48th biggest city in the US, Brisbane is 3rd here.
     
    Azazel, 15th Jul, 2016
    #42
  3. MTR

    MTR Well-Known Member

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    LOL
     
    MTR, 15th Jul, 2016
    #43
  4. melbournian

    melbournian Well-Known Member

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    they have lebron james :)
     
    melbournian, 15th Jul, 2016
    #44
  5. Azazel

    Azazel Well-Known Member

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    The (once) mighty Broncos were world champions, surely ;)
     
    Azazel, 15th Jul, 2016
    #45
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  6. Air_Bender

    Air_Bender Well-Known Member

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    Air_Bender, 15th Jul, 2016
    #46
  7. Tekoz

    Tekoz Well-Known Member

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    @standtall Why is that new OTP apartment decline in value ? Why not the existing ones first taking the hit due to the older stock.
     
    Tekoz, 18th Jul, 2016
    #47
  8. Tekoz

    Tekoz Well-Known Member

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    @melbournian Bali is always hot mate :cool:. Better to live in QLD.
     
    Tekoz, 18th Jul, 2016
    #48
  9. Tekoz

    Tekoz Well-Known Member

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    The suburbs is of course Frankston and Werribee in VIC state.
     
    Tekoz, 18th Jul, 2016
    #49
  10. melbournian

    melbournian Well-Known Member

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    i need those halal kebabs :). and those cheap bintang beers.
     
    melbournian, 18th Jul, 2016
    #50
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  11. hash_investor

    hash_investor Well-Known Member

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    Don't they have a Park Ridge in Vic?
     
    hash_investor, 18th Jul, 2016
    #51
  12. standtall

    standtall Well-Known Member

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    Simply because OTP units were sold 1-2 years ago and they already built the expected price increases (which isn't coming through now).

    Also, developers can't hold the units so they have to drop the new build prices to sell the stock. Older units don't have a deadline to sell so they can absorb the price pressure a little better.
     
    standtall, 18th Jul, 2016
    #52
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  13. Tekoz

    Tekoz Well-Known Member

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    D you mean suburb named Cranbourne or Melton :eek:?
     
    Tekoz, 18th Jul, 2016
    #53
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  14. OTmg

    OTmg Well-Known Member

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    Hey guys,

    Thanks for the info. Talking of Werribee, I was struggling to find positive cash flow properties. Does anyone think that 4.5%+ rental yield is possible?

    Cheers guys!
     
    OTmg, 19th Feb, 2017
    #54
  15. dabbler

    dabbler Well-Known Member

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    But the birdcage has rusted on poop that wont come off for a few decades I reckon, but I would have had one, if it was not so hard competing & no sense in paying more there than a new place close by.
     
    dabbler, 19th Feb, 2017
    #55
  16. dabbler

    dabbler Well-Known Member

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    When I was looking around there over a year ago, nothing was positive when you account for all buy and running costs. then if you bought for 300k you would be 270 or 280 rent.
     
    dabbler, 19th Feb, 2017
    #56
  17. OTmg

    OTmg Well-Known Member

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    Ah right thanks mate. So higher rental yield before compared to now.
    Anything you reckon around Melbs that's positively geared?
     
    OTmg, 19th Feb, 2017
    #57
  18. dabbler

    dabbler Well-Known Member

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    I do not know if it was higher, it usually tracks lower as property price climbs.

    Have a look at some of the new builds and rent they get, they would be closer to positive while new.

    Pretty hard to find truly positive in the capitals that have or are heated. But I have not looked everywhere of course.
     
    dabbler, 19th Feb, 2017
    #58
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