Tombraider
Reviews
"A very expensive place to live"
Whether your renting or buying, Real estates think that due to location , they can push fo higher rent prices ans purchase prices.
Some houses to buy are over priced by more than $150K in some areas of mindarie, where the houses are small and need alot of attention.
For rentals, owners think that due to its location they can ask extreme amounts for rent, due to location...
Owners need to wake up to the fact that location isnt everything and thats why the house hasnt sold , or hasnt been rented out,- its not due to no,one not wanting it , its because the owners are greedy, and are wanting far too much money for it ...drop your prices to a realistic value and you will sell it and or rent bthe property out ...
Who lives here?
- Professionals
- Singles
- Families with kids
- Retirees
Private investment in rental properties, are one of the main reasons the property market ballooned in the first place. The government gives all sorts of tax rebates to private investors to encourage them to invest, Private investment also saves the government building public housiing. This is all good and well when the market is rising, but when it falls ( as it inevitably does) private investors want out and they expect a big return because they hav e been told that property is infallble. We need to change our attitude to housing and our expectations when buying an investment property.
I think people need to get their facts right regarding private investment within the rental market. Along with many positives, without them where would people look to establish themselves within an area! I'm sick of hearing how people feel about people being greedy in investors. No one would harp on about investing within a pension would they!!! Many people decide to leave their pension in a property not a private pension fund...
Greedy owners.... are you sure. If you were to rent a house for say 500pw and someone bought the house next door for 600k which is about the medium price at the moment, their mortgage repayments @ 7% would be roughly $800pw. So do the math, who is better off, the renter for sure. Owners actually subsidise the renters housing needs, and thats without taking into account for land rates, water rates, maintenence and land tax. I have just sold two investment propertys because it just cost me a fortune to prop up other peoples familys. They instead, can go cap in hand the the goverment and see how they go, because most private investors are getting out.And who can blame them!