Im a former member of defence who has leased home to defence and had some exposure to what your talking about. Yes your absolutely correct…anything from 10 – 20% from my experience.
from my perspective….richmond, for better capital grown long term. Dandy/suns for the CP+ if you can find them. However keep in mind we are coming out of a 2 year bubble in realestate and with the interest rates going up you may find the capital grown smoothing off for a while.
if 30% of the available homes, lets say of 5000 homes, 1500 are rentals, and lets say 20 % of the population rented, (of 10000 people 2000 people are renting, or trying). Does this mean there is an under supply of rental properties and therefore a potential market to tap.
thanks Mel, I was aware of the abs site. Good info on population, rented and owned homes as a breakdown of the total number of houses in the area, but I couldnt see anything on how many people actually rent to give me an idea if the market is over or under supplied.
Interesting point Mal but I would expect the property values to adjust accordingly, this may be a delayed correction but with out doing the sums I would expect more properties would become vailable at a reduced price (ALL THE NEG GEARED INVESTERS GOING BUST).
Just a thought
Jack
quote:
If the 11 second rule always produces a return around 10.5%.…