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  • Profile photo of troyhunttroyhunt
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    @troyhunt
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    Profile photo of troyhunttroyhunt
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    @troyhunt
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    If it's for the purpose of potentially engaging them to manage the property I would not be paying for the service. Alternatively, do the research yourself on the web, I often find this brings me to the same conclusion as the PM.

    Profile photo of troyhunttroyhunt
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    Wealth Accumulator wrote:
    Leverage is an important part of the wealth accumulation process – as long as the borrower has the ability to finance the costs in good and bad times it can greatly improve wealth acummulation opportunities.

    I think we're in agreement

    Profile photo of troyhunttroyhunt
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    You also didn't mention the leverage factor which is important if comparing rates of return.

    Profile photo of troyhunttroyhunt
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    Check the rental market in Melbourne and Sydney over the last year and compare it to CPI. Conversely, compare the two six years ago when rents were stagnating. Main thing is the fairest and most risk free way to increase rents is to price according to the market as you've said.

    Profile photo of troyhunttroyhunt
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    No, I've never had anyone leave because of an increase. I've had tenants negotiate before which is fine. In the current rental market the negotiation power is well and truly with the landlord.

    Profile photo of troyhunttroyhunt
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    I look at what the rental market is doing and set accordingly. It won't always align with inflation figures (look at the current market).

    Profile photo of troyhunttroyhunt
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    I've often wondered about Parramatta but it has had a bit of negative press lately. I'd be very interested in your thoughts on Terry Riders recent report:

    "I've just completed my list of the No Go Zones – the worst places to invest in property in Australia – and the Parramatta precinct is right at the top of the list: prices are still falling, the long-term growth record is poor, there's a high rate of home re-possessions, serious crime is rife and it's at the leading edge of social disadvantage. You just don't want to invest in these sorts of places."

    Profile photo of troyhunttroyhunt
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    Easy; we can supply more rentals, that's where the issue is at present.

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