VIC Werribee Werribee!

Melbourne Airbnb 'trashed by gang', neighbourhood left in a mess

Is this what warribee looks like?

 

Like this doesn't happen elsewhere!

P.S It's Werribee dude, not Warribee, noted you've misspelled several times.

 

It happens because rent through Airbnb. There is 1 millions dollars apartment in st kilda also happen like this 2 weeks ago. (Also Southbank,Altona apartment, William landing house etc)

 

I see, thank you for the information.

 

what a stupid comment

 

it happens elsewhere but this case was particularly bad. It is no surprise that there are more of this type of incidents in lower social economic areas

 

Happened in Docklands, Altona and many other places today. No place in Melbourne is immune sadly and the bail laws are atrocious. If someone wrecks someone else's property they should be locked up... the state government hasn't learned and it will cost them the upcoming election.

 

Happen what? Trashing by gangs?

Come on...

 

Let's just stick to the point of this thread mate

I dislike futility.

 

And I dislike war zones

House party ‘like a war zone’

No, riot police does not have to work elsewhere

 

It can happen anywhere mate. Look at this
Category: | Herald Sun

 

Melbourne has a crime issue... Car mows down Melbourne pedestrians

 

Does it?
The best city in the world 7 years in a row.
Obviously Melbourne must be better than Sydney.

 

Melbourne CBD and Brighton foreshore are public areas so crime is to be expected (e.g. Moomba incident etc.). But riot police in a suburban street is not as common or expected

 

Bringing it back to more of an investment / property thread - AirBnB - property managers have always said this could happen. Owners who think they'll make it rich by having nightly hotel like rent without having to worry about long term tenants need to take note. As they allow access to people through AirBnB - our office is currently debating whether or not insurance would cover the damage. Landlord insurance is for rented properties and usually does not include the short term stays - wonder if the owners of these past few properties (Werribee, Altona, St Kilda) had covered themselves...

Note to investors - always have insurance!!!

 

AirBnB covers the property up to $1 million so should be fine.

On a more positive note... some decent returns in a year.... and the price still doesn't look too bad.

Property Report for 5 Poinciana Court, Werribee VIC 3030

 

Positive for the owner who flipped it and those who got into the market 12 months + ago for sure. I'm still amazed at the people spending this type of money on some of these houses. It will be interesting to see how much further it can go! Me personally though, I'd be spending my money elsewhere right now.

Good to know about airbnb insurance. Learn something new every day.

 

It's not a huge amount given they can still get a 3.5% yield + some decent cap gains. Only 35-40 mins from the city at peak time by train.

 

The transaction in 2016 seems suspect. Whether it was a related party transfer, an inheritance, divorce etc. 205K price seems more a price for standalone house in country Victoria e.g. Portland. Also that transaction has no agent listed. I know the markets gone up but thats my 2c

 

Yep, it likely was a transfer but still above what the estate agent was asking at $420k and sold in 8 days.