Has any one noticed that rental returns in a Victoria have either stayed steady or decreased.
Looking at a few areas in Victoria, prices are out weighting the rental returns.
by time you add all the cost council rates, bank fees, property management, interest + stamp duty on the property.
In the long run will these trends remain the same or improve ??Jacqui MiddletonParticipant@jacmJoin Date: 2009Post Count: 2,539
The few places you're looking at are perhaps the wrong places. In the right places, the golden equation is certainly there. I'm finding plenty.RedwoodParticipant@redwoodJoin Date: 2013Post Count: 340
As jac said you can find plenty….its a good situation….with my rental properties, I have been able to increase rent over the last 12 months by 5-10% depending on the area and demand.
Obviously rental returns are impacted by the rental rate and the value. I'm not seeing a decrease in rent either in my portfolio or my clients portfolios.
You can have an increase in value and a steady rental which is still a good situation.
You can also find the 'right' pocket of Melbourne to invest in and get the right yield, ot in fact look outside the box and look at regional victoria, where you can obtain affordable property with an excellent yield.
Again, check the area, do your diligence and you will find the right formula for success……we are finding our clients are….
Thank you both for confirming this..,
jacqui you still investing in the Geelong area?
There is a bot of scope down there, I'm heading to Geelong twice this week.
ps has any one got a excel spreadsheet that they use to calculate cost vs incom?
cheereJacqui MiddletonParticipant@jacmJoin Date: 2009Post Count: 2,539
I'm not disclosing where I am presently buying. Not in my best interest to cause a flood of investor to buy where I am placing clients.