rabbittail
@rabbit_wealth
Followers
4,142
Following
49
Media
23,161
Statuses
35,317
That which seems to be wealth may in verity be only the gilded index of far-reaching ruin. Draw your own conclusions.
Joined December 2013
Don't wanna be here?
Send us removal request.
Explore trending content on Musk Viewer
Davido
• 173622 Tweets
WONWOO
• 108691 Tweets
からくりサーカス
• 99707 Tweets
ケンタッキー
• 94292 Tweets
ニンテンドーミュージアム
• 76378 Tweets
FAYEYOKO BTS 1ST FANMEET
• 73841 Tweets
BTS NUNEW 1ST CONCERT EP2
• 69944 Tweets
#swallows
• 60596 Tweets
フォーエバーヤング
• 42260 Tweets
青木選手
• 31290 Tweets
#しぐれういリアルライブ
• 23457 Tweets
青木さん
• 23100 Tweets
Alcaraz
• 19769 Tweets
Wizkid
• 18850 Tweets
サンライズジパング
• 15720 Tweets
Cassper
• 13913 Tweets
TORE
• 13298 Tweets
ダービー
• 11652 Tweets
#クイズフェスティバル
• 11534 Tweets
שנה טובה
• 10514 Tweets
Aussie commitment to solving climate crisis: import 400k migrants a year from much lower CO2 per capita emission countries in the middle of a rental crisis, house them in poorly insulated homes with poor infrastructure at least 1 hour drive away from the CBD + $15 tolls each way.
23
37
251
Buy house for $4m in June 2021, pay $240k stamp duty, sell for $3.85m in Nov 2022, total loss north of $400k in 17 months.
14
7
124
Before the rate hike cycle when mortage rates were 2%, a $1m 30year PI loan would cost ~$3700 to service per month. Now that same loan would cost 42.8% more at almost $5300 per month. If you want to keep the same $3700 repayment, the loan principal would have to shrink 30%.
14
12
103
"Home prices tipped to defy rising rates"...must have been a bad tip because 3 days later, "Property buyers spooked by talk of another rate rise"
14
5
91
Special shoutout to Melbourne as the city's CoreLogic home value index falls below the previous ATH of 158.36 (06/04/2020).
Today's value of 158.24 is 0.98 above the 2017 high of 157.26 (29/11/2017), which will be breached by the end of this month at the current rate of fall.
12
10
89
If you repay a P&I loan at $5000/month, at 2% interest you can service a $1.35m 30yr loan. At 5%, even with a 40yr loan you can only service just over $1m.
Compound interest: He who understands it, earns it…he who doesn't… pays it.
9
12
85
Investor Playbook:
1. Buy property for $800k, pay $45k govt fees
2. Rent at 2.8% gross yield
3. Drop rent yield to 2.3% for higher negative gearing
4. Sell for $5k loss on sticker price after 30 months
Income and capital loss achieved!
9
4
87
Avatar 2 is set in 2170, where whale brain juice is worth $80 million a vial and is supposed to be the "single most valuable substance known to man". Clearly the Avatar writers don't know Sydney property. In 150 years at CAGR of 7%, this house will be worth $37billion.
1
3
80
How to lose half a million in 7 months - $340k loss on price, $208k stamp duty.
5
8
76
Realisation Sale - vendor realises over $600k loss on sticker price. Paid $2.08m in Oct 2017, sold $1.45m in Dec 2022.
11
2
79
Investor spent $710k, collects 3% rental income. Now bank deposits yielding 4%.
Sells for $23k loss on sticker price after holding for 17 months
19
2
77
Buy, Renovate, Sell giving flipping headache for vendor in Queensland - bought for $840k in March 2022, new kitchen, new appliances, new bathroom, new floors, sell for $55k loss on sticker price.
5
3
77
Today's CoreLogic price index:
Syd 186.68 -0.09
Mel 159.09 -0.01
Bri 144.13 -0.07
Ade 167.15 -0.20
Per 109.47 -0.13
14
3
74
4
2
75
"Sydney house affordability tipped for sharpest improvement in 30 years" - fixed the title for AFR...
3
5
67
Bought and sold in 6 months for $140k (-12%) loss on sticker price, along with $64k stamps, plus agent fees, etc. That's a lot of Rolexes and LV handbags.
12
2
62
Today's CoreLogic price index:
Syd 185.76 -0.08
Mel 158.09 -0.06
Bri 143.4 -0.02
Ade 166.41 -0.14
Per 109.29 -0.04
7
2
62
Paddington investor loses $350k on sticker price in 17 months, along with $187k stamp duty, total loss well north of $500k.
11
4
62
Big 4 bank's fixed rate mortage expiry profiles are all similar (1st graph is Westpac) - approx 40% expires June 23, 70% expires by Dec 23. All of them loaded up on loans in FY21/22 (e.g. CBA lent more in 1H22 than FY20). LVR was ~70%, hard to find DTI mentioned anywhere...
4
10
57
Flipper's playbook:
Buy run down house for $2.936m in Feb 2022
Pay $174k stamp duty
Install new kitchen, new pathroom, new floor, new AC, new paint, new gates, new garden, new pool, etc
Sell for $3m in Dec 2022
P̵r̵o̵f̵i̵t̵!̵!̵!̵
7
5
59
Today's CoreLogic price index:
Syd 189.3 -0.17
Mel 160.86 -0.06
Bri 146.08 -0.12
Ade 168.45 -0.06
Per 109.66 +0.03
4
5
58
A showplace of family indulgence showcases VIC property price falls - bought Nov 2021 for $2.6m, sold for $2.2m in Jan 2023. $400k loss in 14 months, along with $150k in government fees plus other transaction costs.
5
5
58
Lucky 8's all round - Unit 801, Number 8, just bought for $888k. Not so lucky for vendor who bought for $1.073m back in Dec 2015.
3
4
56
Mortage cliff is a much lower burden for investors - an IO loan borrowing 100% of a $1m property with 2% rental income is facing $3333 higher repayment/month but after negative gearing an investor on 45% tax is only $1833 worse off, less after taking rental inflation into account
16
3
57
Pandemic tree change in reverse - Blue Mountains home sold for 11% less than March 2021
7
3
53
When mortage rates were ~2%, a $2.7m P&I loan could be serviced at $10k/month. At 5%, the same loan needs $14.5k/month, or you can borrow $1.86m instead and keep the same $10k/month repayment. So either find an extra 50% after tax income, or borrow 1/3 less.
5
5
56
Based on CoreLogic home value index, Melbourne's property value index is now 160.92, only 1.6% above previous peak of 158.36 (on April 6, 2020). It is now the worst performing property market in Australia if measured from Jan 1, 2017.
5
5
54
Broadmeadows house sold for $20k lower than Sep 2017 prices.
5
6
52
For week 48 of 2022, Sydney's relative strength seen during spring appears to be waning, with pace of falls quickening a little to approx -0.4% on 7-day change. At today's value of 190.91, we are back at May 22 2021 levels, -11.63% from the peak, and +13% from COVID low (168.89).
5
6
51
Sydney property market rising like a phoenix out of the ashes from the 2022 downturn: $600k profit on sticker price in 5 months. Proves yet again going against the aussie property market is a widow maker 🤣
11
1
53
Buy house for $1.43m, pay stamp duty, pay legal fees, pay for new carpet and floorboards, pay gardener to clean up backyard, pay selling agent, pay marketing, sell for...$1.415m.
6
2
49
Assuming a 30-year P&I loan and the repayment amount does not change, then this is the reduction in purchasing power at various higher rates with different levels of LVR.
3
6
51
How to lose more than $11k per month for 13 months - buy a house for $895k and sell it for $750k 13 months later.
2
7
51
17 months ago, investor buys $2.675m property, pays $157k govt fees, rents at 2.5% gross, now sells property for $305k loss on sticker price.
4
4
50
Today's CoreLogic price index:
Syd 186.08 -0.09
Mel 158.55 -0.09
Bri 143.64 -0.08
Ade 166.54 -0.05
Per 109.42 +0.05
1
4
49
Today's CoreLogic price index:
Syd 192.11-0.15
Mel 163.01-0.02
Bri 148.69-0.12
Ade 168.61 -0.05
Per 109.49 -0.03
2
1
51
Today's CoreLogic price index:
Syd 186.56 -0.12
Mel 159 -0.09
Bri 144.01 -0.12
Ade 167.15 0.00
Per 109.46 -0.01
2
2
51
Another land banking loss - bought for $680k in May 2022, sold for $485k (-$195k) 9 months later.
5
4
52
Kellyville house sold for $30k less than what vendor paid 20 months ago. Adding on stamp duty $72k, agent fees etc, vendor losing well excess of $100k.
9
1
48
Incredible potential at an incredible discount after just 7 months. Sold for $1.2m in May 2022, and now again for $930k in Dec 2022. $270k loss on sticker price, $66k stamp duty, etc.
5
5
49
Today's CoreLogic price index:
Syd 189.61 -0.20
Mel 161.03 -0.08
Bri 146.29 -0.12
Ade 168.42 -0.15
Per 109.61 -0.02
8
3
48
Vendor collects 2.3% gross rent for 17 months then get $165k less for the property.
5
3
49
Seeing more Queensland houses sold for loss - $120k lower sticker price after 19 months.
4
1
48
Today's CoreLogic price index:
Syd 187.22 -0.11
Mel 159.6 -0.03
Bri 144.57 -0.10
Ade 167.57 -0.14
Per 109.71 -0.03
3
1
47
For week 2 of 2023, CoreLogic's Sydney price index fell at a slightly quicker weekly pace of -0.36%. It is now -13.34% from the peak of 216.04. If it continues at the current pace of fall, in around 6 months time it will go below the 2020 high of 174.18.
3
5
45
Today's CoreLogic price index:
Syd 187.33 -0.11
Mel 159.63 -0.06
Bri 144.67 -0.07
Ade 167.71 -0.02
Per 109.74 +0.04
1
3
48
Today's CoreLogic price index:
Syd 191.22 -0.21
Mel 162.37 -0.01
Bri 147.75 -0.06
Ade 168.43 -0.03
Per 109.52 0.05
1
6
46
Today's CoreLogic price index:
Syd 187.98 -0.11
Mel 160.01 -0.05
Bri 145.17 -0.08
Ade 167.82 -0.08
Per 109.71 +0.01
4
3
47
Today's CoreLogic price index:
Syd 187.51 -0.11
Mel 159.74 -0.05
Bri 144.76 -0.06
Ade 167.73 -0.01
Per 109.69 +0.01
3
2
46
May: Buy house for $395k, paint it inside and out
August: for sale $465k
mid September: for sale $439k
end September: for sale $425k
October: sold $395k
4
4
45
Today's CoreLogic price index:
Syd 189.9 -0.17
Mel 161.31 -0.10
Bri 146.56 -0.07
Ade 168.46 -0.07
Per 109.63 -0.03
5
5
46
Today's CoreLogic price index:
Syd 185.92 -0.04
Mel 158.06 -0.03
Bri 143.3 -0.05
Ade 166.46 -0.07
Per 109.34 -0.04
4
0
47
Today's CoreLogic price index:
Syd 185.94 -0.08
Mel 158.39 -0.04
Bri 143.51 -0.06
Ade 166.58 +0.01
Per 109.43 -0.01
0
1
46
Flipper stumped with $150k loss on sticker price after new paint, and flooring. Then add on $63k government fees, agent fees, etc.
7
4
46
Today's CoreLogic price index:
Syd 190.07 -0.09
Mel 161.41 -0.07
Bri 146.63 -0.16
Ade 168.53 0.00
Per 109.66 +0.08
4
3
45
Today's CoreLogic price index:
Syd 186.32 -0.15
Mel 158.84 -0.06
Bri 143.87 -0.08
Ade 166.87 -0.04
Per 109.45 +0.02
4
3
46
Today's CoreLogic price index:
Syd 188.74 -0.04
Mel 160.42 -0.02
Bri 145.56 -0.07
Ade 167.82 -0.10
Per 109.67 0.00
0
4
46
Buy 1 bedder apartment, install new bathroom, polished concrete floor, funky exposed brickwall, sell for 10% less than what was paid over 6 years ago.
6
2
44
Today's CoreLogic price index:
Syd 186.21 -0.06
Mel 158.7 0.00
Bri 143.8 -0.06
Ade 166.66 -0.20
Per 109.4 -0.02
5
1
46
Today's CoreLogic price index:
Syd 186.17 -0.04
Mel 158.64 -0.06
Bri 143.72 -0.08
Ade 166.59 -0.07
Per 109.37 -0.03
3
1
45
Today's CoreLogic price index:
Syd 186.52 -0.03
Mel 157.85 -0.05
Bri 143.08 -0.01
Ade 166.17 -0.01
Per 109.33 -0.03
4
1
45
Today's CoreLogic price index:
Syd 188.23 -0.08
Mel 160.13 -0.06
Bri 145.32 -0.06
Ade 167.84 -0.05
Per 109.71 -0.04
1
1
46
Vendor Waited for Sensational Future for 5.5 years, became impatient and sold for $185k loss on sticker price alone. Sensational Future awaits new owner.
8
3
45
This was bought around the 2017 peak, held for 5 years and still sold for $220k loss on sticker price.
5
4
44
Get on the property snakes and ladder! Buy for $310k, wait 12 years, sell for $250k.
6
3
44
No CoreLogic price index today as yet, there seems to be a problem with their systems because it's showing 0 change across all cities.
8
0
44
Discount sale of the week - listed at $2.79m 2 months ago, adjusted down to $2.3-$2.5m, sold for $2.255m. This house was bought for $2.79m Nov 2017.
7
7
44
Today's CoreLogic price index:
Syd 186.59 -0.04
Mel 158.01 -0.04
Bri 143.15 -0.07
Ade 166.2 +0.06
Per 109.34 -0.01
9
1
43
Why did the race track get turned into a housing estate?
Because they heard they had some"tyre-rific" property deals - 42 Webber Loop Oran Park drops $170k (-8.5%) in 9 months, add on $94k stamp duty and other fees, vendor losses north of $300k.
17
4
44
Today's CoreLogic price index:
Syd 185.84 -0.10
Mel 158.31 -0.08
Bri 143.45 -0.06
Ade 166.6 +0.02
Per 109.42 -0.01
4
1
43
Today's CoreLogic price index:
Syd 191.98-0.16
Mel 162.82-0.08
Bri 148.37-0.15
Ade 168.64+0.00
Per 109.5-0.01
6
3
44
2 bed house sells for $200k (-14.7%) less than price paid 5 (yes five) years ago.
1
4
43
Today's CoreLogic price index:
Syd 190.23 -0.05
Mel 158.81 -0.04
Bri 143.48 +0.04
Ade 166.08 +0.05
Per 110.07 +0.01
6
2
44
Today's CoreLogic price index:
Syd 187.44 -0.07
Mel 159.69 -0.05
Bri 144.74 -0.02
Ade 167.73 0.00
Per 109.7 +0.01
0
2
41
Today's CoreLogic price index:
Syd 186.45 -0.05
Mel 157.78 -0.01
Bri 142.93 -0.05
Ade 166.12 -0.02
Per 109.32 -0.02
1
0
43
Pivot in full swing in Sydney. Passed in with $2.5m guide mid-September, now for sale $2.9m.
9
4
44
Today's CoreLogic price index:
Syd 186.63 -0.09
Mel 158.05 0.00
Bri 143.22 -0.01
Ade 166.14 -0.18
Per 109.35 -0.04
8
1
42
For the last week of 2022, CoreLogic's Sydney price index finishes the year down just over 12%. It started the year at 214.57 and rising at a monthly pace of 2.54%, and ends the ear at 188.44 and falling at a monthly pace of -1.4%.
5
1
43
Today's CoreLogic price index:
Syd 187.01 -0.09
Mel 159.35 -0.10
Bri 144.38 -0.05
Ade 167.39 -0.04
Per 109.65 -0.01
3
2
42
Today's CoreLogic price index:
Syd 186.27 -0.05
Mel 158.7 -0.14
Bri 143.86 -0.01
Ade 166.86 -0.01
Per 109.42 -0.03
4
1
41
Today's CoreLogic price index:
Syd 186.57 +0.12
Mel 157.81 +0.03
Bri 142.85 -0.08
Ade 166.09 -0.03
Per 109.32 0.00
4
0
43
For week 3 of 2023, CoreLogic's Sydney index fell at a slower weekly pace of -0.24% and trailing 30-day rate is -1.2%. At today's index value of 186.77, we are back at the same level as May 6th 2021, when the weekly change was +0.52%. Sydney last green day was 42 days ago.
3
1
43
Today's CoreLogic price index:
Syd 187.1 -0.03
Mel 159.45 -0.04
Bri 144.43 -0.06
Ade 167.43 -0.07
Per 109.66 -0.09
1
2
42
Today's CoreLogic price index:
Syd 186.5 -0.02
Mel 157.79 -0.06
Bri 142.98 -0.10
Ade 166.14 -0.03
Per 109.34 +0.01
6
1
42
Today's CoreLogic price index:
Syd 188.59 -0.15
Mel 160.41 -0.01
Bri 145.54 -0.02
Ade 167.82 0.00
Per 109.7 +0.03
4
4
40
Investor spends $710k in June 2021, 19 months later gets back $690k in Jan 2023.
Tried to sell for up to $750k.
7
1
39
Today's CoreLogic price index:
Syd 186.83 -0.06
Mel 159.17 -0.07
Bri 144.27 -0.05
Ade 167.35 -0.04
Per 109.57 -0.05
4
2
40
Today's CoreLogic price index:
Syd 186.93 -0.08
Mel 159.29 -0.06
Bri 144.34 -0.04
Ade 167.35 -0.04
Per 109.67 +0.02
1
0
40
Sydney has surpassed the previous record for run of consecutive days in any direction - 110 days of consecutive down days (everyday since June 2, 2022) vs 108 days of consecutive up days (Mar 29-Jul 14, 2021). The median down day is -0.13, vs median up day of 0.16
1
7
39
Vendor wanted $1.43m to at least break even on their purchase price from 18 months ago, and sells for $65k less than purchase price. Total loss exceeds $150k if you add on $82k government fees, agent fees, etc.
2
4
38
Today's CoreLogic price index:
Syd 187.13 -0.09
Mel 159.49 -0.11
Bri 144.49 -0.08
Ade 167.5 -0.07
Per 109.75 +0.04
4
2
38
Today's CoreLogic price index:
Syd 189.47 -0.14
Mel 160.92 -0.11
Bri 146.2 -0.09
Ade 168.51 +0.09
Per 109.63 +0.02
1
5
39
