Relief for renters as rates fall

RELIEF may be in sight for renters who have been hit in the hip pocket by skyrocketing rents over the past few years.

There has been a small decrease in rental rates across Australia’s capital cities over the June quarter, suggesting rental yields may have hit their peak, leading property statistics agency RP Data says.

Weekly house rents fell by 3.5 per cent nationally over the June quarter while unit rents dropped 0.6 per cent.

The largest fall was in the Canberra market with a drop of six per cent for the June quarter in the housing market, where the median weekly rent fell from $530 in March to $498 in June.

The only mainland capital city to experience a nearly six per cent rise in rent was Darwin, where renters can expect to fork out about $100 more per week than those in Sydney, where rents dipped by about five per cent.

“It now appears that the rental market may have peaked with national weekly median rents falling slightly in each month post March 2009,” RP Data’s Tim Lawless said in a statement.

“And with rental rates now coming off the boil and property values rising we are seeing the first signs that rental rates are eroding.”

Rental vacancies remain tight across the nation with all capitals recording less than three per cent vacancy in stock.

Source  :   www.news.com.au  

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Shish Mahal Restaurant

FOUND in the quiet and serene surrounds of South Perth, the Shish Mahal restaurant offers authentic Indian cuisine.  

Its fusion of traditional cooking and contemporary dishes makes the venue an ideal choice for any occasion.

Those who prefer dining without the spice can consult  spice indicators on the menu.

The entrée menu comprises a range of traditional dishes including Fish Amritsari, delectable boneless fish pieces dipped in chickpea batter.

Vegetarians will enjoy the  vegetarian options including Paneer Makhanti, which consists of succulent cubes of homemade cottage cheese coupled with Makhani sauce.

Meat lovers will be tantalised by the Lamb Madras – a tender lamb dish with a hot and sour sauce, teamed with curry leaves, mustard seeds and coconut milk.

The rich flavours of India are reflected in the Shish Mahal’s Chicken Korma dish, which features tender pieces of chicken in a succulent almond and cashew sauce.

Desserts are also a feature on the menu, with its Gulab Jamun dish, a selection of sweet dumplings with ice-cream.

Address: Shop 8, Meadowvale Shopping Centre, 298 Mill Point Rd, South Perth

Phone: 9367 3809

Open: daily for dinner

Liquor: BYO

Source  :  www.inmycommunity.com.au

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