Vic Daniel Andrews and the Statue of Limitations

[peetoo]

Is anyone surprised? No votes in the Airport rail link, Geelong fast train or Melton line upgrade

From what I see the wests biggest problem is a second crossing and being choked by trucks. In the east it’s just general congestion

 

[peetoo]

Roy and HG are discussing this very thing on the wireless atm.

They've suggested that he flog one of his properties or crown jewels to keep the thing going and that maybe they could include gardening competitions or comps to get him and Camilla interested. A biggest pumpkin comp would go down a treat with those interested in keeping the Commonwealth Games going and provide another spectacle for the lawn bowls fanatics to go to.

Or maybe they host the games at Balmoral with members of the Royal family acting as celebrity judges for the events. Would be a ratings winner!

He has no interest in a lot of his mums favourites.

 

[Pakenhamsaint]

The Myki decision was dodgy as hell (key decision makers owned shares) same as the MTR contracting process. What made Myki worse is that we could have just kept using Metcard with minimal change.

On SM-A125F using BigFooty.com mobile app

Metcard was at the end of its life.
Sydney had similar stuff on thier buses. To keep thiers going they had to buy surplus validators from Brisbane. By the end many buses had 1 validator instead of 2.

 

[Not Important]

gladdens my heart too. now to piss off negative gearing

 

[Sttew]

gladdens my heart too. now to piss off negative gearing

It will mean rental stocks decline. That can’t be good?

 

[Ghost Patrol]

It will mean rental stocks decline. That can’t be good?

Same amount of houses, same amount of people. What's the problem?

 

[eddiesmith]

Same amount of houses, same amount of people. What's the problem?

You’re assuming everyone who rents can afford or get a mortgage to buy the property.

 

[Sttew]

Same amount of houses, same amount of people. What's the problem?

Let’s see. Some landlords are turning to Airbnb or simply taking the properties off the market. If they sell to first home buyers that may ease pressure but only if the FHB were renting. One thing is certain it is having an immediate short term impact because tenants are being ‘evicted’ so the properties can be sold.

Do you think investors are exiting the market only for new investors to take over? I doubt it. The reason investors are exiting is because of increased costs/taxes and uncertainty about what the government will do.

Exodus of Australian Landlords Driving Up Rents

Exodus of Australian Landlords Driving Up Rents

www.accreditedbroker.com.au

 

[Ghost Patrol]

You’re assuming everyone who rents can afford or get a mortgage to buy the property.

No, just the ones that can afford it.

 

[Nuggs Bunny]

If it wasn't for Bigfooty you wouldn't even know there was a landlord crisis going on. Maybe landlords are just unimportant middlemen that don't provide a service in the economy?

 

[Gralin]

I love your people act like without a landlord a house disintegrates when sold

 

[Better Loosen Up]

No, just the ones that can afford it.

Which is probably not many.

 

[Theseventhhamster]

I love your people act like without a landlord a house disintegrates when sold

Yeah but maybe they'll just take it off the market and not rent it out due to spite or something. I'm sure one of these guys will step in and clarify.

 

[Sttew]

I love your people act like without a landlord a house disintegrates when sold

Tell us what happens?

 

[Gralin]

Tell us what happens?

It doesn't disintegrate

 

[Sttew]

It doesn't disintegrate

Who said it did? The average length of time the property is off the market from when the landlord puts it on the market until settlement is 3-4 months. There is no guarantee another investor will buy. In fact in the current environment it is unlikely. So the best you can hope is that a first time buyer buys and takes pressure of the rental market but if it’s a pricey property, then first home buyers are ruled out. Or it could be like what I did with the investment property my wife and I had. Our daughter who had been living with us has moved in and she and her partner will buy it from us. Then there are property owners who have turned to Airbnb and Stayz.

So to say this will have zero impact on the rental stocks is wrong. See the article I posted earlier:

Exodus of Australian Landlords Driving Up Rents

Exodus of Australian Landlords Driving Up Rents

www.accreditedbroker.com.au

 

[Gralin]

Who said it did? The average length of time the property is off the market from when the landlord puts it on the market until settlement is 3-4 months. There is no guarantee another investor will buy. In fact in the current environment it is unlikely. So the best you can hope is that a first time buyer buys and takes pressure of the rental market but if it’s a pricey property, then first home buyers are ruled out. Or it could be like what I did with the investment property my wife and I had. Our daughter who had been living with us has moved in and she and her partner will buy it from us. Then there are property owners who have turned to Airbnb and Stayz.

So to say this will have zero impact on the rental stocks is wrong. See the article I posted earlier:

Exodus of Australian Landlords Driving Up Rents

Exodus of Australian Landlords Driving Up Rents

www.accreditedbroker.com.au

You default to landlords selling being bad, I default to it being good.

Every landlord selling is an opportunity for a house to become owner occupied

 

[peetoo]

There’s probably way more empty housing than homeless in this country

 

[Gralin]

There’s probably way more empty housing than homeless in this country

Stats say yes

 

[Saint]

You default to landlords selling being bad, I default to it being good.

Every landlord selling is an opportunity for a house to become owner occupied

Making landlording less attractive lowers property prices for everyone, inclusing owner occupiers (landlords less likely to buy and more likely to sell), which is a good thing.

House prices stagnating (less than inflation) would be a good thing, people would invest in businesses, stocks etc instead.

 

[Nuggs Bunny]

Who said it did? The average length of time the property is off the market from when the landlord puts it on the market until settlement is 3-4 months. There is no guarantee another investor will buy. In fact in the current environment it is unlikely. So the best you can hope is that a first time buyer buys and takes pressure of the rental market but if it’s a pricey property, then first home buyers are ruled out. Or it could be like what I did with the investment property my wife and I had. Our daughter who had been living with us has moved in and she and her partner will buy it from us. Then there are property owners who have turned to Airbnb and Stayz.

So to say this will have zero impact on the rental stocks is wrong. See the article I posted earlier:

Exodus of Australian Landlords Driving Up Rents

Exodus of Australian Landlords Driving Up Rents

www.accreditedbroker.com.au

Why would an investor want to clear a tenant out of a house before selling or buying? That's four months rent lost for what reason?

 

[eddiesmith]

There’s probably way more empty housing than homeless in this country

But still people think there is a raft of renters all cashed up who just can’t break into the property market?

Most people rent for a multitude of reasons that won’t change by more houses becoming available.

 

[Sttew]

Why would an investor want to clear a tenant out of a house before selling or buying? That's four months rent lost for what reason?

It’s a risk the landlord takes to maximise the sale price. You haven’t tried selling a property? These days the properties are staged with furniture. They must be impeccable for opens for inspection, etc.

I’d be amazed if any landlord left tenants in the property and tried selling. Tenants have no obligation to help the landlord by cleaning the house and they can claim compensation for every open for inspection.

 

[jannissary]

I love your people act like without a landlord a house disintegrates when sold

a landlord without a property is like an angel without wings


so heartbreaking

 

[Gralin]

a landlord without a property is like an angel without wings


so heartbreaking

Thoughts and prayers