Quote:
Originally Posted by TouringTeg
I own two rental properties in Victoria (3 doors) both purchased about 5-7 years ago.
Monthly net revenue has increased in the past two years. Vacancy rate is about 0.7% last I checked.
I think the fact that rents have been rising has made it more profitable for landlords. Increased profits creates incentive to hold on to rental properties even if prices soften. My outlook is sell them both in the next 5-8 years.
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what if the market crash in the next 5 to 8 years like back in the early 90s and early 2000s? will you still make money or break even when you sell> I think that's the question.