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boom days numbered

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    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.
 
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