Rental Returns in Victoria

Viewing 6 posts - 1 through 6 (of 6 total)

Jpcashflow
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@jpcashflow
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February 1, 2014 - 11:36 pm
Hi all,
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 ??
Jpcashflow | JP Financial Group
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Jacqui Middleton
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@jacm
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February 2, 2014 - 1:04 am
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.
Jacqui Middleton | Middleton Buyers Advocates
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VIC Buyers' Agents for investors, home buyers & SMSFs.
Redwood
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February 2, 2014 - 1:49 am
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….
Redwood | REDWOOD | SMSF | PROPERTY | FINANCE
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Jpcashflow
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@jpcashflow
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February 2, 2014 - 7:51 am
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?
cheere
Jpcashflow | JP Financial Group
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Jacqui Middleton
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@jacm
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February 2, 2014 - 8:20 am
Hi Johann
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.
Jacqui Middleton | Middleton Buyers Advocates
http://www.middletonbuyersadvocates.com.au
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VIC Buyers' Agents for investors, home buyers & SMSFs.
Jpcashflow
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@jpcashflow
Join Date: 2007
Post Count: 575
February 2, 2014 - 8:32 am
No issue at all…
Jpcashflow | JP Financial Group
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Your first port of call in finance :)