Links 8 April 2019

Global Macro / Markets / Investing:

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Comments

  1. Hugh PavletichMEMBER

    Tenants save big on rent as rising supply forces landlords to cut prices … The Daily Telegraph / News Com Au

    https://www.news.com.au/finance/real-estate/sydney-nsw/tenants-save-big-on-rent-as-rising-housing-supply-forces-landlords-to-cut-prices/news-story/e9035bbc8598c1a00c39a674d42b69a8

    AIDAN DEVINE

    Sydney tenants have been pocketing hundreds of dollars a week in savings as mounting housing supply forces landlords to discount their rents by nearly 25 per cent in some city pockets.

    The savings showed renters have become the surprise winners from rampant investor buying during the property price boom from 2014-2017, which has flooded the market with rental properties.

    Recent falls in property prices also encouraged more property seekers to purchase their first home and leave the rental market, cutting tenant competition for properties. … read more via hyperlink above …

    • It is true. I just signed a lease in Sydney with a landlord who had to drop the rent 15% from what they were asking and 10% lower than the previous tenant was paying.

      • Sure are! I was looking at Lindfield here in Syd there are units that are renting for more than houses! (they are new & closer to the station but makes no sense to me)

  2. If Saudi Arabia refused to use the USD would it’s customers go somewhere else that did accept USD or is there enough confidence & liquidity in other currencies?

  3. Feel the Bern!

    Sen. Bernie Sanders campaigns in Oskaloosa, IA: “If you open the borders, there’s a lot of poverty in this world, and you’re going to have people from all over the world. And I don’t think that’s something that we can do at this point. Can’t do it.” https://t.co/INF9GopzIe