Our resident hero’s on here are underwater ... property in general is going nowhere but down.
Who in their right mind would buy an investment property right now? They’re over valued to buggary, provide a skinny return less than cash, a certain capital loss awaits in which no amount of rent increases will ever get that back, then there’s the risk with tenants, rent control etc.
5 April 2023 Ms Essy from Core Logic
”While gross yields have expanded over the year, it’s likely net yields have declined. Weekly rents rose by approximately $48 per week between April 2022 and March 2023, however the average weekly investor mortgage repayment on the typical Australian dwelling increased by $184, leaving investors $136 per week worse off,” she said.
