The Renters Publicly Shaming The Worst Rentals In Australia 

What are we going to do about labors? We need migrants to work and address the supply issue. We need ti make it easier for investors to build more to increase supply. Change the way you think.

I would wary that thought. A lot of the so called solutions such as replacing mum and dad investors with multinational companies has proved a disaster in the USA. Where instead of building estates where individuals can buy they are built by companies making it impossible for anyone to buy and the rent is controlled and as high as possible to benefit investors and slap on all the costs of big companies such as CEOs and a variety of overpaid positions.

90% of property owners have ONE investment property. A further 7% own 3 or more properties. So your "solution" to regulate them, won't even touch the issue. Regulating Landlords, will only encourage them to sell and that will mean less investment properties. We need to encourage more people to buy investment properties.

@@TheMahdi12349 put the skilled migrants in a tent and put them on temporary visas until australian citizens are able to rent houses

@@traceyholt8223 by regulating the 7% so they cannot price gouge renters is actually a good idea as we know these people and comapnaies are making profits and not tiny profits either. an investor with one property will likely stop investing if they too are renting whilst investing.

We dont need any more over seas students.

They dismantled social housing and handed it to non for profit corporations. One in particular is cruel. Government property is rotting

It shows these so-called watchdog bodies are useless, corrupt or both. And half of the real estate agents are corrupt for presenting homes which are unfit fr human habitation! Estate agents used to have a duty of care for both the landlord and tenant. They are now complicit with greedy landlords.

It is, but lets not forget the decade of liberal policy prioritising making houses and profitable (and as expensive) as possible that got us here. We deserve more from BOTH major parties

Well I'm assuming your referring to the HAFF that the greens are holding for political ransom. Labor Cant build 1 house let alone the over 13,500 immediate approvals if passed!

Not sure I agree. It is more the decline in interest rates from the 90s to now. If you look at the historical price jumps it has coincided with the continuous decline of interest rates. The monthly cost of servicing a $500,000 mortgage at 6-8% is the same as servicing a $1,000,000 mortgage at 2%. So that doubles values right there. Then add on growth in salaries from the 90s which would be substantial,. So that brings us to houses going up quite a bit just on the same budget. Around 10 years ago I remember everyone use to factor in a 2-3% buffer. Up until recently that was all thrown away and the attitude developed we would never pay more than 2-3%. The recent increases in interest rates would take everyone by surprise afterall they have been continuously falling for 30 years more or less. To stop prices going up they will need to stay above 4%. Then hopefully in time it will make it more affordable to buy in. Along with increasing stock as is the continual case as populations will always be rising. The reason say the QLD gov hasn't increased stock is just 5-10 years ago there was a big oversupply in units. Which then stalls future developments. Unfortunately this gives governments an opportunity to ignore supply until it becomes evident again. Anyway the politicians will just keep doing a song and dance and blame each other or use it as a way to claw more voters and charge us more taxes@@MattyBmemes

Air bnb and holiday rentals add to this as well.

@@mstash164 I disagree. Holiday rentals have been around for a long time. Now those that have holiday homes can now share them with others. Holiday homes are usually located in tourist pockets and not in your typical affordable suburban town

If I borrow money from a bank and pay a higher interest rate, do I get a % share of their profits?

Owning your own home is the Australian dream. Unfortunately disadvantaged people are being left out in the cold.

Home Builders and Developers build houses for OTHER people (investors) to buy. Without the investors, they wouldn't be building!

@@traceyholt8223 We've had 30 years of the highest investment/ investor activity in history and it has failed to deliver the stock required to meet demand. Investors quickly learned why wait up to 2 years for a new property to be built when you can just buy up all the existing stock and choke supply and artificially inflate prices. Bad incentives bad outcomes. So with respect no, the money has not gone where it was meant to, and we need to prioritise owner occupancy and a highly regulated rental market over rampant speculation, because as per people can't be trusted to maintain ethical standards when there's large sums of cash and no oversight.

@@doorbells2000 So wait - the Govt shouldn't stimulate the sector? Which means less houses get built .... aren't we trying to get more houses built?

@@doorbells2000 One of the major issues with the building industry was Covid and supply shortages and a lack of tradies. This did two things - blow out time to build from 8 months to sometimes 24 months and increase the price of the product and labour. A builder does a fixed price contract, weighing up current costs with an expected % add for any increases over an 8 month period. What happened was these costs and time blew out but they were stuck with fixed price contracts. They started making losses on the houses they were building. Builders are now asking for the law to change and allow a clause stating that if they budget for a 10% increase in product/labour but that increases (and they can prove the increase), then they are allowed to add a variation to the contract to include this.

Also that noticeable proportion of the population grows as the total numbers continuously increase.

Fascinating isn't it. They say nothing changes until the working class get bitten. Only this time the likelihood of change is slim. In for a hell of a ride

So true do what SA does introduce housing improvement branches but give them more teeth and consequences for retaliation on your tenant. - I feel like mould should one of things that’s like 100% completely unacceptable, what is wrong with NCAT!

"People are literally paying to be imprisoned each day in sh!tholes". I don't think you know what the word "literally" means. And if people inspect a rental property and don't like it, then don't rent it.

90% of Landlords own one property. 7% own three or more. ALL of those in power - that's more than the 7%. That's just a throw away line.

Labor gets votes from the poor. So they are the last party in the world that wants to reduce the number of poor. Their policies are nothing more than sound bites to appeal to the financially illiterate. The level of ignorance on these threads is a testimony to the success of Labor in brainwashing the sheep while always giving them a boogieman to blame.

Then sell up and give a owner occupier a crack

As a landlord I always offer long-term leases to tenants. I would love to have ten year tenants. But tenants never want them. They don't know what they'll be doing in six months, let alone ten years.

They are the ones benefitting because they own multiple investment properties each. Hidden in trusts etc etc

true. but so did Liberal. i dont trust any of them. their desire for eternal economic growth means mass immigration will always be a reality.....and so will housing / rental problems.

How? They have done more in the last year than the LNP in the last 10 years. Wages, housing, medication. List goes on.

@@dustingoldsworthy7303 You really want to know how? Most politicians making decisions on tax advantages for property investment are property investors themselves. Nearly half of our politicians have an investment property, compared to 10% general population. Many properties we don't know about are concealed through companies, trusts, self-managed super funds and other investment vehicles. 5 out of 227 politicians do not declare any property ownership, meaning 93% of the total do, compared to the national average of just above 50%. need more evidence? It does not mater if they are labour liberal or independent parties they are all in cahoots together on a goal of self interest to the detriment of most Australians.

Just google for yourself...>>>>>> Ranked: how many properties do Australian politicians own?

Not so long ago they would have condemned it. But now, the more mould the higher the rent.

I agree, however there are many landlords who do not have mortgages and are cashing in.... this is a problem

Im sure this is for foist timers, but many have multiple properties and are not doing the right thing. Like food companies just cashing in on inflation cause everyone is raising prices,. They don't have to but they do it based on 'opportunity' to make more dollars for the shareholders.

@@tubesurfer007 90% of the investors have ONE property. 7% have three or more. You need to go search for the real data on that.

7% is 'many'@@traceyholt8223

@@traceyholt8223 doesnt matter if they don't have a mortgage then they should be fined for price gouging, personally I think there needs to be transparency and an investor record that allows tenants to see if the landlord still has a mortgage or not then tenants should be allowed to take that landlord and agent to a tribunal for price gouging the rent

however without holding landlords and agents accountable then you are enabling the behaviour, I'd much rather a solution that allows fairness towards the tenant and to make sure the tanent has a right to hold the landlord responsible.

Appreciate your balanced response however every other profit driven entity is liable if they are negligent Property management is no different. Thinking you are above the law doesn't make you above the law. If you have no clue what your doing or worse simply don't care about harming people you shouldn't be in business simple as that, and if that means prosecuting repeat offenders so be it. Currently there are too many poor Incentives leading to poor outcomes. The reality is that if most of the cowboy investors who landbank and do nothing to improve the housing stock left the market, supply would increase when they sell up. Some renters might become first homebuyers and renovate these homes to live in (as they are incentivised not to live in a hell hole) that way freeing up their rental for someone else, thus increasing the rental supply for low income earners and improving the housing stock at the same time. There still needs to be building of new property but naked rent seeking won't deliver that.

Why? Rent just adds to our GDP basically printing money for a building that develops mould

When supply is inadequate to an overdemand created by excessive immigration we have people excepting anything as a roof over their families heads.

if you think 350 dollars per week imcreas is acceptable your part of the problem

OR the dropped down to a liveable price when the pressure of mass migration was taken away!

Yes, good point, however you miss the relevant point. A real estate agent or landlord should have cleaned the place prior to presenting the property!

@@endlessdaze6054 should have used the prior renter's bond for cleaning/repairs. I rented my apartment where I lived 10 years and kept it in great order. When I moved out it was rented for 2 years the tenant destroyed it. I got to keep the 1000 bond but the damage and cleaning was 10 times that. How is that fair?

Devils advocate here, maybe thought of strangers constantly stealing their milk from the fridge, and no privacy is the deal breaker. Somehow I don't think you personally live in a shared house.

Landlords benefit from having a complete stranger pay their mortgage, the capital appreciation that comes with that and the tax benefit received from negative gearing. They can always sell up and allow a owner occupier to have a crack if they think getting a discounted asset is not a good enough deal. Bedsides Unions don't make the laws, landlords have associations and property lobbies that are far more powerful than a few tenants trying to band together so they are not homeless or bankrupt.

@@davidhayman7623 when the laws change, the change is always made to favour the tenant, never the landlord. A landlord can only raise the rent once a year yet the RBA can raise interest repayments 11 times a year.

And where I suppose to live ? ??? In your house ???

Obviously you're just find. Go keep your nasty comments to yourself.

.... Except for Landlords, Real Estate Agents, Corporate/Private Property Speculators, Foreign Investors, Superfunds, Land Bankers hoarding more property than pandemic toilet paper, Greedflation, your lively hood, friend family and public services being tied to the suburb. Have I forgotten anything? Oh yeah not wanting to be homeless.