Post a Comment On: Brisbane Apartment

I have conducted a review across about 20 apartment rental properties in Brisbane and S.E. Queensland, comparing the 12/13 FY with the previous financial year.  The analysis is done before depreciation and tax is taken into account.  Some of my conclusions, from this limited review:
rent increases in the past year have been minimal, and I suspect below inflation vacancy periods between tenants have increased slightly body corporate fees have increased dramatically, and well more than rents and inflation council charges and water rates are slightly higher long term rental properties do much better than vacation or short term rental properties net returns, before interest, have decreased compared to the previous financial year (mostly due to body corporate increases being more than rent increases) fees and charges from rental agents are high, especially when considering the work done and value received -- self managed properties do better than agent managed properties for this reason,  even if the rent received is slightly below market rent if interest rates had not decreased, then the overall picture would not have been rosy.   because of decreases in interest rates, the overall cash position (not taking into account depreciation and tax) improved in the 12/13 FY compared with the previous financial year.