Why more of us may be renting for life | 7.30 

I feel for the S. Sudanese refugee. That guy has almost certainly seen some shit in his life (possibly even genocide) and still continues to move forward and take care of his kids

Hoping life changes better for Mr. Akou. He is a grateful man and single parent raising his children on his own. Wishing him all the best.

The waiting list for public housing is over 40.000. This government has to do something, and fast. I work as a volunteer for ER (emergency relief) and i know how tough it is for so many families whose rent, takes up, over 50 percent of their benefits. No one on a benefit can afford over $400 per week for rent and there are some really nice people who have injured themselves at work, endured domestic violence, have large families, are sick, are old are unemployed and who desperately need help. Unfortunately today. I believe. it is all about making money and families, singles, or the elderly do not get a fair deal. Daily I see evidence of greed in the housing market.

Kids are not a retirement plan. There’s plenty of kids who have sold the family house and dumped their parents in a nursing home

Foreign ownership of homes must stop, we simply cannot compete with the thousands of millionaires from abroad purchasing our houses.

This is so unfair. So many people will never own their own slice of paradise that they deserve. I am so lucky. I inherited a crappy old house. I know I can live here the rest of my life. No landlord will ever kick me out. I just could not face the world if I had to imagine renting for my whole life.

man that sudanese gentleman actually made me cry with his last comment. holy crap

I was homeless it isn't fun the funny part was a lot of homeless used to sleep right outside the NSW Parlament house but politicians instead fixing the problem they had the homeless moved on I suppose if you don't see it, it isn't happening. I don't understand how can this be happening in Australia 24 million people to a massive continent? It has to be by design by the banks who are profiting enormously.

Who decided it was responsible reporting to interview mum about financial stress and survival in front of four young children who clearly understand the implications?

I feel so grateful to be in the position of mortgage free in eleven months from now, at age 39. It's tough out there as a churner!

These two pieces barely touched on why house prices are rising so quickly and the bad policy that must be remedied to combat the affordability issues, especially clearing out labyrinthine zoning and development and beauracracy and wholesale tax reform (abolish stamp duty)

Price is decided by demand and supply. If you want things affordable, just increase the supply if you can not control the demand. As properties consist of land and buildings, so it is logical first to increase land supply. Just rezone more land at outer suburbs for housing development and make subdivision at middle and inner suburbs easier, faster with less red tape. Then come to buiding. Many people in building industry get more than 100k per year easily. Electricians, plumbers, etc all make 100 dollars per hour while normal people just make 20-35 dollars per hour. So the government shall make licensing easier for electricians and plumbers. Also get construction labor from cheap countries such as Bangladesh, Burma just as Singapore and Malaysia.

Please don't forget that Australia and "the Australian Property Market" are not just Sydney and Melbourne... There are many regional cities with affordable house prices and employment opportunities. On top of that, you get a better quality of life in many cases too.

In Italy renters have much greater security of tenure by law and this is why very few owners rent out their extra unit. They prefer it remain empty - just an investment as it is difficult to ask tenants to leave.

Job losses left, right and centre with a recession on the way. Highest household debt to income ratio in the world, 2nd lowest wage growth in the OECD. Borrowers buying at the peak will end up with negative equity and mortgage prisoners for life. Interest only borrowers are completely stuffed and will end up renting for life in debt. Winter is coming.

The pension system isnt designed work with such a huge number of renting pensioners. The system has broken. Its already happened. Fight it if you like but its already broken, we're just waiting for this reality to dawn on everyone.

STOP NEGATIVE GEARING..or allow only 2x properties per person for negative gearing

Somehow the idea that having four kids or seven kids when you are not extremely wealthy needs to be driven home. It is a bad, bad plan or lack of planning. Aside from that rental increases and the cost of buying have been an out of control problem all over the world.

Stop the population ponzi and watch what happens to house and rent prices....

What was this girl thinking ok I'm getting a puppy who cares about the landlord's approval. Lesson learned. Move to the country to grow your own food and collect your own eggs

Hey ABC NEWS - why do you allow comments on some videos and turn them off for others???

I count my lucky stars I live with my 3 kiddos in a Housing commission house. I know for a fact I’ll be renting for life. I couldn’t afford today’s full rent. I wouldn’t even have enough to cover 1 weeks worth today.

Rents in Australia seem much cheaper than rents in the South of England. However given that life can have its pitfalls we lost our house after I had a catastrophic accident and we fell into arrears. Although we had been buying since we were 18 we can see ourselves now being stuck in the rented sector for the rest of our lives, leaving me with a feeling of an insecure and uncertain future.

Four bedroom homes in country towns, in 2020, can be bought for 250k. Why would you stay in the cities?

The amount of land within a reasonable commute from employment, around our CBDs, is fixed. So any increase in population pushes up the value and price of every square metre of that land. The owners of urban land make a huge capital gain when they sell, but the younger and poorer members of our community must pay more and more for less and less living space. Most population increase is immigration. We need to get immigration back to the level it was during Gough Whitlam's government: 50,000 per year. And then allow our population to shrink. The rental situation can be corrected with the stroke of a pen.

I had it too, and lost it, and will be renting most likely for the rest of my life, I'm 54

EVEN WORSE, THE AGENTS WILL COME INTO YOUR HOME WHETHER YOU ARE HOME OR NOT EVERY 3 MONTHS TAkING PHOTOS OF EVERYTHING, AND YOU DARE NOT COMPLAIN IN FEAR OF EVICTION. And tery might decide to evict you so that they can put up the rent.,and if the place is in need of repairs, its easier to throw you out ///NO Kid wants to live with their aging parents for ever....but that is how it is.

I've been renting all my life and am now disabled. Thank god I inherited a small amount of money and bought at a good time.

Well if you move to Sydney of course you're not going to be able to afford anything funny she went from Darwin to Sydney for whatever reason plenty of cheap homes 40 ks outside of Brisbane.. 260k 3 bedroom.. just depends if you want to make the move or not everything is a trade-off

Rights of tenants in Australia need to be equal to that in Europe. This needs to be enforced as a priority.

Buy your home even if you have to rent rooms out.. just pay interest equivalent of rental but don't have to move pack search truck bond expenses stress...

This is the future of majority. Work till death. No retirement. No owning house. No owning car. Not much savings since negative interest rates coming soon. Everything is way over priced. Most will be in permanent debt.

The fact of the matter is people are getting a lot smarter now. Renting is often cheaper than owning and you have more flexibility.

The sudanese man has the right attitude, plus he knows having lots of children is not only a burden but can be an asset as well. Notice how when he talks about the family home it would be a multi generational home for all of them. That right here is the reason why you cannot afford housing, because it used to be normal to live in a multi generational home. But for some reason it has become socially unacceptable to do so.

Renting for life?! So bloody what... The mythical Aussie dream is so passé. Today it's a dream for the so-called Chinese and Indian Australians. Long live freedom, More traveling, less stress and better quality of life !!!

You can't have four kids and live a comfortable life. Property today as an investor is a bad deal unless you think it will keep doubling and doubling forever into the future. House prices in Sydney are giving gross yields of 4%-5% after expenses it's less than bank deposits. There are better investment vehicles out there. Wow seven children. Good luck with that you could earn 250K and it would be tough going.

I notice that no one mentioned return on investment equity for the owner vis a vis rentals.

Technically, everyone is renting. You don't own anything, even your body. So, don't take anything for granted, b/c someday, you will return whatever you rent back to the owner.

this pretty true around the world

Room in a share house is $200 a week in melbs + 30 in bills max.

Is this a part series? Or part of a story report? I've seen these people speaking about a similar story uploaded recently. Where can I find the full length story?

overseas students can afford to pay for rent in upmarket locations

Here where I live my house cost same as 6 year of rent (payed off).Now I buy more houses and tenants pay them off. No housing stress. Welcome from Åland/Finland!!!

Melbourne and Brisbane are actually very cheap compared to Sydney. Sydney is on a whole new level, where even old 2 bedroom units in the suburbs can be close to a million dollars.

The question is: why isn't anything being done about this? If all the experts know about the problem. Simply put - the political will is not there. At least not in the larger parties. So if you want change, you need to vote for independents and smaller parties like the Greens who are pushing for changes to rental and property laws.

Living a champaign lifestyle on a beer budget. Doesn't work.

Overseas trips, $4.00 coffes designer clothing, tattoos new cars the young want it all. No wonder why they can't afford a house. It's easer to save than to spend, but you have to start young otherwise you miss the boat.

The government could build enough homes to sell and truly end the rental crisis but that would drive down the value of all homes and no government will do that

$490 per week in rent? no wonder so many people are moving out of Melbourne. You could buy a good 4 bedroom house 1 hour away for less then that rent...

your puppy is important, keep going, you will find a place to you and this little darling!

Australia is still affordable, you just have to move out of the cities and into rural areas. Not many people are willing to take on the challenge.

Its simple renting is better than a mortgage that will make your life hard.

Agree with Sudan father, have a humble life with basic needs. That's it.

Governments on both sides neglected building affordable housing. They relied on private investment. They are not in a position to cap or control rents as these private investors will kick there ideas to the curb and sell their investment properties. What are these single mum's doing with 4@5 kids. Poor kids I say. In Germany they only pay singles for 2 kids only. The rest is up to the parent. Great idea.

If she didn't break her lease conditions she wouldn't have been kicked out... that's her fault. There are people out there who would be good tenants, but just can't find a property. If someone put that on their rental application, breaking lease conditions, I'd never lease to them, what else are they gonna do outside of the lease?

If someone wants to be a professional landlord then buy a whole block of units and manage it as a business. Don't buy ten of them all over the place and get other people to look after the building, manage unruly tenants and take your orders and complaints. Provide a proper rental service instead of using debt and inflation to steal the money with residential property as a financial vehicle.

Send that Sudanese and his brood back if father not happy in Australia. However, this gentleman is very grateful where he was, and by the smile on his face with his new residence will be outshone by those of his children.

11:35 👏🏻👏🏻 Unaffordable rental market

1.15 surely australia has a regulation against that water trip hazard zen thing

There’re not even talking about those who survive on unemployment which is below the low income workers what about us?

i grew up in north queensland, lived in townsville for uni. yeah you have no rights as a renter. live in cologne germany now and 78% of the population here are renters, mostly apartments. Around 85% of the apartments are owned by 3 companies, not companies in the traditional sense that are geared for profit maximisation, these are more like trusts or something that own the apartments. I live in one and its pretty much your own apartment in what you can do it, paint walls, new tiles, what you want, the only stipulation is that when you leave you leave it in or near the condition in that it was given to you. pets are no problems also.

What is the classification of a "low income earner" is it under a certain amount ?

Ok so why have 7 kids and live like that??????

I just can't understand ANYONE having more than 2 children in today's world. It seems incredibly selfish to me considering the strain on the planet. I'm a renter and I agree, it's tough out here. I've never really had any issues finding a place with a pet because I'm always honest and provide a pet profile with applications. I feel bad for everyone who is struggling. It's awful.

Rampant capitalism does not care about people’s wellbeing. Where do people think this will lead if we allow profit to always be the bottom line? Since we began to be invaded by millionaires after 9/11 I have felt Tasmanians would become a servant class, but many are undereducated & too demoralised so they will no doubt import all the ‘help’ they need. No one wants to talk about foreign ownership and an empty house tax was recently dismissed. Shifting tenancy laws will not help anyone on fixed incomes, the demand is too great…We live in interesting times.

Housing should not be an investment.

you dont rent anything else, so why should you rent a home?........ which is the biggest necessity in life? Thank God i own my own home outright. Fully paid off. The rental trap sounds like a hellish nightmare. .

"The Lucky Country"? (only for a fortunate few)

Is there a reason that rents are listed as weekly? Do people in Australia literally pay every week versus sending a monthly rent payment?

The Politicians in Power all own Real Estate and want to it continue to rise. That is why they keep coming up with new policies that make the houses go up in value.

Ban foreign ownership like NZ and parts of Canada have done!

yer prices have gone up while the aud is down -$1usd turns into $1.50,owners think there making money,long term disaster and theres land tax ,do the maths

Im trading everything I have for gold, passing it on tax free then il sort myself out.

Imagine the increase in over crowding since 2016 with the increase in foreign and fund ownership of domestic properties, many lay empty as they too happy enough with the rise in value to bother with pesky tenants. Are we going to accept the spread of ghettos in Australia? Or what?

Renting is freedom

Isn’t that illegal to get evicted for owning a pet?

Between me and my wife we will retire about 1 millions in super but we don’t own a house we rent nice apartment in the city. Should we buy?

ppl wonder why i rent, because of rent control and crasy price inflation, my rent is 60% of the market rate... and prob 40% of the cost of ownership in my neighbourhood... the delta increases each yr

I have to blame our politicians , I m an Asian who came here 26 years ago. I thought this country was beautiful in all. But not now after my marriage broke up twice. I almost cry when I listened to all of these stories. My heart falls for all of them. The number of migrants have been too high ( nearly 200,000 ) for many years. This is not benefit anyone. Now watching again n again closely as our economy is going in recession. It will hurt us ALL.

Those of you who are blaming Boomers for the property market... that's just a throw-away line you got from someone else and a cop-out. If you bothered to do your homework, you would know that despite property prices being higher now, I would prefer that to interest rates that went from 6% to 21% within a year without notice. For the uneducated and mathematically challenged, my first mortgage payment increased from $110 per week (when my wages were $187 pw), and then the second month rates increased to 12%, and 13% the following month, and in 6 months was 18%, amounting to $165 per week. That left me just enough for my train weekly ticket and the rest, ~$17 for food and electricity each week. I had no phone, no car, no TV, no Netflix, I never ate out ever, never took a holiday until I was in my early 30's, and we didn't buy any new clothes or shoes until the mortgage was totally paid off. Eventually, several years later, the interest rates did go back down to around 12% and stayed at that level until I fully paid off my home. During which time, I worked three jobs. *THIS WAS NORMAL. WE ALL DID THIS IF WE WANTED TO GET AHEAD.* People these days love to point the finger at the generation above them, for whatever reason. However BOOMERS had it even harder than I did, and I take my hat off to them for all the sacrifices they made (at least I had a fridge, washing machine, microwave, electric lawn mower and vacuum cleaner!). It's so easy for people to feel sorry for themselves these days, yet they are unable or rather, unwilling to make any necessary sacrifices that is required to buy their own home. They want everything on a silver platter. It never was. Even with house prices the way they are now, I still paid more interest in one year back then on my measly wage, than my children do these days. Yet my house is worth about 1/4 of what theirs is worth. However, I do though feel sorry for those on a fixed income in this rental market, but to those of you who are fortunate to be able to purchase a home, however expensive, don't tell me how hard you have it until you can prove to me you have sacrificed just as much as your parents or grandparents did.

owning a home is not easy because of the long term commitment to pay off the mortgage (force you to sacrifice to save), not owning a home live more freely but you don’t have equity at old age (a disaster)

Work hard make sacrifices and make smart decisions and you won’t be in this situation. Refugees doesn’t mean a free ride you need to make your own dreams come true. If the shoes was on the other foot and these people were landlords they would also be asking market rental price for their property so let’s stop this leftist bias reporting.

Welcome to 'civilised' life and while your busy believing that politicians and big business have been helping themselves to everything the average person needs to have a basic comfortable life! Only greed stands in the way of every person on earth having the basics of life so that a very VERY few can have more money than they can ever spend sensibly....

Landlords provide the government’s role of social housing, at the relatively low cost of negative gearing. The whole narrative of negative gearing making landlords rich is BS. Covid has shown that governments don’t want to provide social housing but are more than happy to dictate terms to the detriment of landlords. Poor investment decision when the decision making is out of your hands.

I'll just buy another house and rent the current one out if I have to move.

Love renting downsizing and owning nothing. Practice minimalism. Rent lifestyle apartment next to beach and have lifestyle and cash flow. Now travel world. Aim to rent a room in retirement and keep on travelling and having cash flow. No debt or credit and emergency fund. Save far more for lifestyle now. Won't own ever again. Money is experience and memories only and need cash flow to have a life

06:51. There's always a reason for getting kicked out, mate.

My Uncle has never paid a days rent in his life and has spent hundreds of thousands of dollars gambling

Why would anyone consider living in Australia with its furry spiders, snakes and fire ants?!

How you freakin' people haven't seen this comin' ..

I live next to renters & they're absolute trash. They don't care & make noise day & night.

Simply not sustainable and will come crashing down. Low income and rising cost of living is a time bomb. Society will eventually collapse. This year or the next.

You got it wrong people are finding other alternatives and will not be part of this game.if you don't no what the alternatives are enjoy the matrix.

Give it another 100 years we will all be renting

So many people say it is hard to afford to rent but, refuse to accept a long commute, wear the latest fashion clothes, have the latest IPhone & Ipad, big screen TV, expensive computers, high phone & internet plans, cars on finance, so many things that they don't actually "need". Then turn around and say Landlords charge to much, I see daily the cost of renting out property because we have to clean and repair properties after they have been completely ruined because they are not able to evict bad tenants.There are arguments on both sides, unfortunately people want more than they really require (on both sides), if you want to rent or buy you have to sacrifice, you are not entitled to everything you have to choose what you actually require and sacrifice the things you need/want if can not afford both. (p.s. if you cant afford it and do not actually require it don't use credit to get it)

The key to fixing this problem is to reduce the number of landlords and increase the number of owner-occupied units. For starters taxing landlords at current market rates so that they're disincentivized and giving tax breaks to those who carry a loan for tenants to buy the actual property that way an area could increase the number of resident homeowners. Landlords are parasitic Force that sucks the life and money and futures out of a community instead of circulating and supporting small businesses money goes into the landlord's pockets and usually this money is from working wages, which is a despicable exploitative practice for anyone to carry out on others. Landlords produce nothing all the income they're sucking out of the working poor is unearned they never had to sweat or worry or toil or give up their time which is irreplaceable. Landlord should be discouraged like one would discourage a plague. Nothing fruitful can come out of increasing the numbers of landlords to actual owner occupants. Why should the working wages support these lazy do-nothings when it could be building wealth and security for when's children.? Foreclosure sales or tax sales should be limited to those who will be owner occupants. Tax benefits should be limited to those who are owner occupants. single family home should only be sold to those who will be owner occupants. We must decommodify the housing market as it is a human necessity like water, power, public works and communication services.

people who have children, they never are not racional, just emotional, it´s not my problem, selfish people

4 young kids. It's 2021. Dependent people, who you brought into this world without consent as we all are, are not an asset but a liability. You couldn't figure this out before getting pregnant? FOUR times? I feel for the kids, not so much for the stupid woman who now has her life reduced to worrying and servitude because she's too oblivious to what life on planet earth actually means...btw, where's daddy?

These immigrants have no idea what they are in for when they finally get to Australia. They will be swamped with mass debt and live a life of working only to pay debt. I recently spoke to a Sri Lankan uber driver who told me he could have lived a better life back home as he wouldn't be burdened with debt and could choose whether he worked or not.

$650 a week if my family had that we would be living good try $800/week in MT