Will Property Really Plummet?

Discussion in 'Property Market Economics' started by Sackie, 16th Apr, 2020.

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  1. Biggbird

    Biggbird Well-Known Member

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    Hobart
    Biggbird, 4th May, 2020
    #281
  2. Scott No Mates

    Scott No Mates Well-Known Member

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    With 5% pa reviews I'd be very suss about the sustainability of the rent (& checking very closely the vendor's relationship).

    Paying over the odds if the vendor is a related party to the tenant. Similar to a rent guarantee, you're paying for it in the purchase price and scraping some of it back in the rent.

    $143/m² nett for Industrial space - WTF? It'd be cheaper for them to move to Sydney @$120/m² gross.
     
    Scott No Mates, 4th May, 2020
    #282
    Antoni0 likes this.
  3. The Y-man

    The Y-man Moderator Staff Member

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    1 and 2 BR apartments near unis will be getting killed.

    The Y-man
     
    The Y-man, 4th May, 2020
    #283
    Biggbird likes this.
  4. DrunkSailor

    DrunkSailor Well-Known Member

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    Melbourne
    Still seeing 1br and even studios go under offer. Although not the Uni student variety. As long the vendor discounts it’ll sell. Most vendors still wanting Feb price. expecting 10% extra in 9 months on their 30sqm apartment in the middle of a pandemic.
     
    DrunkSailor, 4th May, 2020
    #284
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