@theprojecttv @purplepingers Rent freeze with lower the amount of rentals and put prices up further
Yeah let’s lower the rent as the capital gain comes at end? Wtf how about cash flow in the mean time mate
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Tom Blake
94 posts
Tom Blake
@_tom_blake
Property Valuer, Basketball Junkie
Melbourne, Victoria Katılım Mayıs 2018
145 Takip Edilen21 Takipçiler
A new report released by the Greens has revealed that if a rent freeze had been implemented last year, Aussies would have saved up to $3,000 per household.
Jordan van de Berg, AKA @PurplePingers, joins us.
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@MChandlerMather No chance the average increase to rent was around $60 a week
Freeze the rent and more landlords will sell up and their will be fewer properties to rent…which will make rent go higher
Not all investors are the PM
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If Labor had frozen rents two years ago renters would have saved $6.7 billion in rent increases or $3067 on average per household. Renters are now facing another $5.3 billion in increases in the next year alone. That's $2.5k per household. Freeze and cap rents now.
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@MChandlerMather So your argument is developers should be building whilst construction costs are so high that the project is not feasible and they would lose money and eventual go out of business? So then there’s less comp and another developer could charge more because then there’s less supply?
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Developers have decided that despite rising house prices and rents it is not profitable enough to build right now. Not to worry! By constricting supply developers will help drive up prices enough for it to be profitable to build. Pretty broken right? So what to do?
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Australia has one of the least affordable housing systems in the world. That’s what the government’s own report said today. In fact Aus has the 2nd highest rent increases and biggest mortgage costs of advanced economies. It gets worse….
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@AvidCommentator Those RPData “values” give a range of about 30%, it’s a wide range, don’t think this portfolio is anything to worry about at all
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Our new incoming RBA Governor has a $6m property portfolio and 4 investment properties....
news.com.au/finance/econom…
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Mood after dropping $100 to win $2.50 on Joey Chestnut (-4000 ML) in the hot dog eating contest twitter.com/br_betting/sta…
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There’s a 0 missing after this 5 yea? Only 5 games is wildddd. Smh
Emiliano Carchia@Carchia
EuroLeague decision following brawl: -Real Madrid & Partizan Belgrade fined €50,000 each - Guershon Yabusele 5-game suspension - Kevin Punter 2-game suspension - Gabriel Deck 1-game suspension - Matthias Lessort 1-game suspension Decisions not subject to appeal
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My prediction?
In the not-too-distant future… forget homeownership, renting will be the aspiration — as is the state of the housing crisis
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@AvidCommentator Have you ever heard an agent say no now isn’t the time to buy?
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I'm hearing similar from agents and mortgage brokers.
It is what it is.
Upendra@Narsingani
@AvidCommentator RBA is giving the wrong impression to the people that the rate will not go up by pausing it. I am following many RE groups on WhatsApp and FB and they all talk about the rate going to go down and looking for opportunities to buy instead sell.
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This family need to find an extra $1000 per WEEK. Yes. per week.
With 3 children, one 7 and twins aged 3.
afr.com/policy/economy…
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@DaveTaylorNews Hope the economists at DB finished early that day after the hard work of finding that correlation
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Deutsche Bank's just released a note saying there's a strong correlation between the RBA's QE/money printing program and inflation
In other words, it created the problem it's trying to fix
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I'd be keen to hear what other people think but I don't understand the logic that the RBA would pause interest rate hikes next meeting if you expect them to increase them either the following meeting or at some point shortly thereafter. Thoughts?
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@No1BuyersAgent @REIVictoria @realestate_au @Domaincomau @TMFScottP @TheKouk @cmkusher @RBAInfo @rabbit_wealth @PeteWargent @infravic @alicialoxley @REBAA_Aus @REBAustralia @PropertyCouncil @SmartPropertyHQ If stamp duty is scrapped buyers will just add the saving to their purchase price, therefore not any more affordable. The increased supply would help though
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Could this be the solution to help make housing more affordable in Victoria? @REIVictoria @realestate_au @Domaincomau @TMFScottP @TheKouk @cmkusher @RBAInfo @rabbit_wealth @PeteWargent @infravic @alicialoxley @REBAA_Aus @REBAustralia @PropertyCouncil @SmartPropertyHQ
9News Melbourne@9NewsMelb
Scrap stamp duty and build more townhouses and apartments in Melbourne's established suburbs - that's what Infrastructure Victoria says will make housing more affordable. @infravic CEO Dr Jonathan Spear breaks down the thinking behind this proposal. #9News
Melbourne, Victoria 🇦🇺 English
So new residential property investment in Australia makes no sense in 85.2% of suburbs nationally, unless it's for capital gains....
Andrew Page@sage_simian
Cool & normal 👌 afr.com/wealth/persona…
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Some chatter about interest rate hike pause next month which as a mortgage holder I'd appreciate it but I can't help but think how bad of a look it'd be if RBA paused hiking and then had to recommence.
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The local data confirm that the peak and then start of the free fall in inflation around the middle / Q3 2022 is now showing up in the local CPI.
Much much more to come in terms of disinflation
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@DaveTaylorNews Feels like the RBA are being a parent saying “I’m not angry, I’m just disappointed”
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If I didn't know any better I'd say the RBA's now trying to spook households into cutting back their spending
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Tom Blake retweetledi
To display your success as a leveraged property owner, you need to get more financing to buy a large European SUV. This will symbolize to other leveraged property owners that you are part of their exclusive club.
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Tom Blake retweetledi
@_tom_blake Revealed? Its no secret mate.
And frankly, how is this good for the economy?
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Sometimes I like to wonder about a different Australia, one where every spare dollar my Mrs and I have isn't being sucked in to be used for a seemingly ever increasing house deposit.
It sure would be nice to spend my money on something else like eating out or at a hobby shop.
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