WBC 0.71% $25.32 westpac banking corporation

boom days numbered

  1. 873 Posts.
    lightbulb Created with Sketch. 1
    Boom's days numbered
    Making a killing on rental properties may soon be a thing of the past, Teresa Ooi and Jeremy Roberts report
    14 June

    THE dream run of the property investor may be over. For the past two years the property boom has delivered handsome profits from even the most short-term speculative deals. But the days of making a killing on a rental property are numbered.

    Rental yields - income available from renting out investment properties - have fallen to about 3.5 per cent a year or less as rents have stagnated.

    Rental properties are taking up to a month to rent as vacancy rates remain high at about 3.9 per cent in Sydney, 3.7 per cent in Melbourne and 3.4 per cent in Brisbane. And now the Australian Taxation Office is cracking down on landlords who fiddle their books to avoid paying tax.
watchlist Created with Sketch. Add WBC (ASX) to my watchlist
(20min delay)
Mkt cap ! $92.88B
Open High Low Value Volume
$25.35 $25.41 $25.16 $131.3M 5.303M

Buyers (Bids)

No. Vol. Price($)
1 423 $25.31

Sellers (Offers)

Price($) Vol. No.
$25.32 46896 3
View Market Depth
Last trade - 16.10pm 16/04/2021 (20 minute delay) ?
-0.180 ( 0.83 %)
Open High Low Volume
$25.37 $25.41 $25.17 1460286
Last updated 16.00pm 16/04/2021 (live) ?
WBC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.