I just put the rent up 25% on commercial holdings in BNE & 20% on a residential holding in MEL.
Prices are going down? But yields are up. Cashflow is what's really important in these times. Actually, with low debt I have really come to appreciate this most basic of concepts.
Interestingly, how many properties do the property detractors own on this thread? Seriously. How many? I often find positions of extreme negativity loaded with ulterior motive. No denying short term downward pressures on property. Beyond that?
I am after some more international property in the next 12 months and a Sydney apartment in need of a reno. Subject to an availability of bank funds.