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Yeah it’s the gullible eastern states investors buying in...

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ciroc

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06/07/23

22:59

Post #: 68663518
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Originally posted by Joannie: ↑

Just a little update on the areas which I follow on realestate.com.au

Once again, more properties on the market which are tenanted today. I have never seen this before,

Many R20-R40 zoned blocks with an older home on, even some corner blocks.
These were normally very tightly held.
Holding costs and the extreme costs of building new units, makes them a very risky investment now.

Result=less homes for tenants. I can assure you that investors are not buying these properties.
Can tenants afford to buy? Perhaps a few. But as posted on here yesterday, atm it is far cheaper to rent than to buy.
If all the other costs which are paid by the landlord are taken into a/c.
Rates, water rates, insurance, repairs.

Perhaps some FHB can buy, but I think they should wait as I believe in Perth anyway, that prices will fall.
Also rents will increase.

Watching with interest.

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Yeah it’s the gullible eastern states investors buying in Perth.. they didn’t learn after the last mining crash that took investors 5 years to break even.
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