This Blog is designed to provide information about buying or renting apartments in Brisbane, Australia.
Sunday, January 17, 2010
Rents and Medium Prices - Comment from Matusik
"Despite rents rising by 14% - according to the official figures (during 2008) - 70% of renters that year did not pay more rent and 60% of renters have never paid any more rent from the day they moved into the accommodation. Beware of any rent or even end price analysis based around median results. All that shows is what type of property sold or rented rather than a change in actual values. Resales analysis and lease renewals are the only way to truly understand what is happening in the residential market."