Share
1,210 Posts.
lightbulb Created with Sketch. 1
clock Created with Sketch.
30/10/15
16:44
Share
Originally posted by twelve
↑
As a Sydney sider im still amazed, particularly by this part -
"Rents are hardly moving which has pushed rental yields to historic lows in Sydney and Melbourne. Paying a landlord is likely becoming more affordable than paying a mortgage despite the low interest rate setting"
Perhaps the second sentence is broad brush statement but the first stands true. In my street a 1br place went for 900k, assuming it is rented out for the suburb avg of around $500-$520 - the yield is truly terrible. Why investors are piling in at this point confuses me!
Expand
Many reasons investors would still be buying, SMSF's, Tax incentives, first home buyers renting the property out and chipping away at the loan while living with parents.