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What a turnaround....

Discussion in 'General Property Chat' started by hammer, 20th Aug, 2016.

  1. hammer

    hammer Well-Known Member

    Joined:
    28th Aug, 2015
    Posts:
    422
    Location:
    Darwin
    Been looking at renting a place whilst Darwin drops in price.

    3 years ago you couldn't rent a place for love nor money...(well, lots and lots of money helped).

    We just went and visited a nice house, in a good area, pet friendly, renovated and reasonably priced.

    We were the only visitors for the whole inspection!

    If it was overpriced, I'd get it...but this place was all good. Ticked all the boxes, for a lot of prospective tenants.

    Been vacant for over 2 months now....

    What a difference a few years makes....

    Next time someone tells you that real estate never drops in price, feel free to slap them in the face with a wet fish.
     
  2. WattleIdo

    WattleIdo renovating Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    1,822
    Location:
    Central West NSW
    What's the going rent atm?
     
    Last edited: 20th Aug, 2016
  3. MTR

    MTR Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    7,478
    Location:
    Perth, Melbourne, USA
    I have been spreading this nasty rumour on SS/PC for yearso_O....
    Booms don't last forever no BS.
     
    Marg4000 likes this.
  4. ellejay

    ellejay Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,123
    Location:
    Kimberley and NZ
    I know someone who pulled equity out a couple of times to buy there, just sayin' :)
     
  5. MTR

    MTR Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    7,478
    Location:
    Perth, Melbourne, USA

    that's good they sourced equity prior to the downturn.

    good idea to do the same in Syd and Melb
     
    Colin Rice likes this.
  6. hammer

    hammer Well-Known Member

    Joined:
    28th Aug, 2015
    Posts:
    422
    Location:
    Darwin
    Houses 500 2br units 400.

    However this house was 450. No takers....
     
    WattleIdo likes this.