All Topics / General Property / info on projected rent rises….

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  • Profile photo of silverfoxsilverfox
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    Anyone know where I can find info on projected rent rises for Australia particularly Queensland.
    done the usual searches but nothing really solid returned.

    thanks

    silverfox

    Profile photo of woodsmanwoodsman
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    I have never come across anything similar in all my time searching.

    What essentially are you after? Is it a broad measure about the market in general or is it specific to a post code or small region??

    James

    Profile photo of kay henrykay henry
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    Here are two fantastic sites I came across today, silverfox. This one below is all the statistical information about overy area around brisbane- details about dwellings, rental etc. Much info is from 2001 census, so might be slightly outdated, but still a very good site:

    http://wic001lc.server-web.com/statistical_portrait/brisbanes_regions/

    The next site is even better! This site has details of rentals across brisbane and regional centres- up to Dec, 2003. It has details of all different types of properties- and specifics for 1-b’room units, for example, right up to 4-bed houses. I tell ya, best site on rents I’ve seen [lmao]

    http://www.rta.qld.gov.au/december_quarter_2003.cfm

    If you wanna check out past rents and compare etc, go to the general site:
    http://www.rta.qld.gov.au

    kay henry

    Profile photo of yackyack
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    I will check them out.

    Profile photo of liddelkliddelk
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    In my experience rents have generally been decreasing since the late 90’s. Is that finally starting to change? If so, why?

    Kim

    Profile photo of kay henrykay henry
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    Liddl,

    I’ll take a punt and suggest that rents have remained about stable or “stagnant” over the past few- 5-10 years. The RE boom has seen more emphasis put on rental yield, I think- and more emphasis has been put on % yield than in the past.

    Of course, these ideas of mine can be put to bed [baby] with someone doing an analysis of the rental yields over different quarters in the link I posted above :o))

    kay henry

    Profile photo of MiniMogulMiniMogul
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    late 90’s = interest rates higher = competitive for rentals = rents high

    interest rates coming down = lots more buyers = less sellers = more demand = less properties = rising prices = not as many renters = rents come down.

    future –

    interest rates rise = media spreads fear = consumer confidence down = not as many homeowners deciding to buy now = prices down = more renters = landlords increasing holding costs demand rent increases = more rental demand = rents rise then skyrocket = yields rise

    and eventually….yields look attractive again, and buying season starts again. repeat cycle….

    after all of that,
    queensland may have a mind of it’s own, if there are more people moving to the area than there are properties to rent…

    Profile photo of elveselves
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    I can tell you where I rent out In QLD, the rents from one year ago were 185 on ave for a home 3-4 bdrm, now fetching 210 min, more like 230

    according to my real estate agent. lease is up for renewal.

    Elves

    Profile photo of kay henrykay henry
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    Mini,

    Did ya check that site out about rental yields? It has some great data in there for comparisons.

    This one:
    http://www.rta.qld.gov.au/december_quarter_2003.cfm

    …shows comparisons from Dec quarters 2001, 2002, and 2003.

    I find some of the rates quite stable, some have even reduced from 2002-2003, but the trend has been slightly upward mostly.

    kay henry

    Profile photo of kay henrykay henry
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    elves, your area might be on that site too :o))

    kay henry

    Profile photo of ScullyScully
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    Kay,

    Thanks very much for those sites. Fantastic information.[thumbsup2]

    Cheers,
    Karen

    Profile photo of Prop16Prop16
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    Yes, very good and informative sites, thanks Kay!
    I received $266/week for my 2BRM Apartment IP in Indooroopilly (5% less then normal), wonder where it fits in.

    Profile photo of MiniMogulMiniMogul
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    thanks kay, actually q’land is not really my area of expertise, although I’m watching it for the future. I guess, even though they have all these people moving there, there has been so much of a building boom that perhaps there is an oversupply of rental accom. I guess it all comes down to supply and demand.

    Where I am buying, there is a strong rental demand, there was already when i bought there a year ago, and that demand seems to be 35 times increased in that year.

    But it is the opposite of Q’land….

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