Relief could be on the way for renters facing record high prices
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- Опубліковано 19 кві 2024
- Property agent Eric Wong says relief for renters facing record high rates could be on the way.
Millions of Australians are facing all-time high prices, after asking rents for houses and units jumped in the March quarter.
Vacancy rates are at record lows in Sydney, Melbourne, and Perth.
While rates in Adelaide and Brisbane are not much better.
“There is less, and less people looking to rent now because of the rent being so high.
“A lot of people are actually staying put and are trying to negotiate with the current landlord.
“I think the supply might start to increase when people start to move out, when they buy their new home, so there could be relief coming soon.
Stop immigrants coming to the country in the hundreds of thousands would be a way for rents to be cheaper simple solution
Th3e West is in decline so it is now bringing in mercenary immigrants to prop it up, but what do mercenaries all eventually do to their host nation? They generally take a share, if not all of the weak nation.
Although I agree this was happening before they did. However I remember during lockdowns they couldn't rent properties and were lowering rents.
Want prices to come back down to a realistic level? You won't get it from Labor or Liberal...... VOTE ONE NATION 🇦🇺 PROBLEM SOLVED👍
Vote for an irrelevant fringe party that panders to racists and conspiracy theory nutters?
Nah.
Another socialist idiot
What you or I want or need is no longer important. We are just a financial commodity to be auctioned at market like sheep.
Thankyou!!!!!!!
Its to late for ON to fix it prices never "come down" with property they just stop going up. or are over inflated and no one will buy them for that. That is property price crash. Its supply and demand like you saw in the US during the financial crisis. And along came the hedge funds and bought them all up cheap now they are sky high again.
"No Fault Evictions" landlords want to "Renovate "and evict the current renter,and won't fix bug infestation..and charge higher rent to new Tennant ..
I have two x "Danger Do Not Enter Signs" at my rental property, and was told not to use the front entrance as it is to dangerous 🤣
@@muzzleflash1 Those signs ought to be put up on the front doors of all real estate offices.
These days its usually demo and rebuild not worth renovating. Or they want to sub divide which is actually better than demo and build a huge mansion as its gives 2 houses on same block.
@@muzzleflash1 You mean the property you rent or your investment property?
@@HonchHeadoat least sub division helps with the shortage
Basic security and shelter is now just a "Market". When the system reduces peoples lives to a commodity to be sold and bought at auction. Think about that.
I couldn't agree more and it's a market skewed to the "rent seekers"
"Rent-seeking is a concept in economics that states that an individual or an entity seeks to increase their own wealth without creating any benefits or wealth to the society. Rent-seeking activities aim to obtain financial gains and benefits through the manipulation of the distribution of economic resources."
@@David_Beames Maybe I am a bit old fashioned, but we used to have principle/priority triangle based upon needs over wants.
Governments should be gearing a nation toward basic security of fundamental needs such as security, shelter, food, water etc.
Sitting back manipulating a market for a financial want doesn't really fit into that paradigm.
Don't get me wrong, I have nothing against anyone making an effort toward gaining financial security, but doing so at the blatant demise of others I have issue with.
>
Even in this video, auctioning rentals to the highest bidder was banned due to the fact that it just forces honest people out of a potential home and inflates prices, and here we have someone encouraging the offering of "Under the counter" cash bribes to force your way around the rules.
Yep, will vote for any Party that says they are refunding super to households and pull out of all tax incentives this ensuring 45c and 37c taxpayers ACTUALLY PAY IT, PLUS THE MEDICARE LEVY. If some struggle, everyone does...
The government treats us as economic units, no more, no less. They always have.
@@paulveenings6861 You elect them. What are you going to do about it?
so rent is already artificially inflated to insane levels and the advice is to offer more?
in the process of moving at the moment. had a look at the listing for my current place and although ive only been here for 1.5 years, they are increasing the rent from 900 to 1200 a week. its outrageous. i hope they dont find a new tennant because that is pure greed.
1200 per week? Holly cow! Does it come with a butler and private jet?
Australian has jobs but now living in tents 🏕️….. and they are homeless and government don’t change any laws
Government imports more new Australians. Makes things worse for old Australians
Tent life and bum life will soon be banned. Meaning to the scrapper you go.
@@HyperVaccinated Why to caustic offensive attitude? Maybe I think you belong with the doggers.
@@axle.australian.patriot Because only you unvaccinated losers are struggling.
Could be 😂😂😂😂. I would not hold my breath. Once prices go up the rarely go back down
I wouldn't believe a thing this Chinese person is saying. Paying 3 months rent up front is not helping the problem. You have to pay 4 weeks up front to start with, it's called bond money. People struggle to come up with that, how are they going to afford 3 months worth. Total BS.
So do you refer to 99% of the guest commentators here as 'this Aussie/Greek/Italian/Eastern European person'? No? 🤦🏻 Racist much? The bogans here. 🙄 Just call him the commentator or use his name! What's wrong with you?
Just refer to this guy by his name or call him 'the commentator' the way you would with everyone else.
It just exasperates the problem and over inflates prices even more.
Get a job bum!
@@kyliemoronogue Hahahahahaha, I'm not racist at all, I'm calling it as i see it. You're the only Ray Cyst. The person was Chinese.
Relief will happen when labor are out. 😂
I think its a mess that's unfixable done by design its basically to late.
Beware of the tennant that another landlord is happy to move on.
@@user-ce3dc9go1n Tell me you will never own a house without telling me you will never own a house. 😂
@@cumonmaaannn8067 what's funny about not owning a house?
@@jayderunelore2617 Ahh, you wouldn’t understand. 😘
@@jayderunelore2617 Perhaps you could tell me. According to good old Klaus Schwab, “you ville own nuthzing, und you ville be huppy”.
Are you “huppy”?
Remember when everyone ran home to watch Neighbours every night then it was Hey Hey its Saturday day and Comedy company on weekends.
Yeah, couldn't get away with that now. Might trigger some LBGTIQAA+ citizen for not enough african americans in it..
Wow what a great advice!! Offer more money for rent and pay 6 months upfront. Have to beat those 1.5 million of migrants from Anthony Albonese in 2024. Better yet, go and compete with foreign buyers that have to pay 0% foreign buyer tax as of 2023.
its insanity. i have nothing against appropriately vetted migrants, but releasing the flood gates and letting millions in when born australians cannot even afford a home is a disaster. its worse than simply saying we should vote albo out, it is criminally negligent. he is destroying lives. he should face trial.
@@iris4547 But the over inflation of house prices and the immigrants make the bottom line on the books look good, even if the bottom line is fake. You would think they would learn after the GFC.
Only few are going to be owner in Australia huge division of wealth rich and poor
What a joke. Tip to offer more rent, that makes the situation worse. They government should forbid to allow offering more too.
It artificially inflates the prices even more than they already are. They already banned rent auctioning for that reason, now in this video they are suggesting "Under the counter" cash (Bribes) to get around the rules. Wonder why the mess just gets worse...
If you offer around 5k bribe over the bond then you get a house easy.
Only top of income can buy now compare to 20 years ago
When rents cost more than a mortgage, thats an issue.
100,000 new immigrants every month
So what?
Government need to stop selling our homes to overseas buyers, this doesn’t help anyone.
Eric here buys them up for the CCP using shelf companies so it doesn't look like its foreign owned but it is foreign controlled which is technically owned if they provide the capital from an offshore parent company.
Relief?
Drink plenty of water.
Are all politicians going to jail and their egregious anti-human policies being overturned?
1. VOTE one nation
You always forget about Tasmania . Discovered in 1642 the second ever Australian state after WA that was discovered.
No dont allow rent bidding. Im low income thats not fair. I cant compete.
Very unlikely that things will improve in any way, shape or form with Labor possessing so much power over your country.
The headline is "relief" from increasing rents, and all the estate agent can recommend is offering to pay months in advance of bidding higher than others to effectually 'buy' the right to rent the place. Talk about a piece of junk 'clickbait'.
Relief on the horizon🤣 the rental market is competitive lol its not a competition anymore, housing competition is "I want to buy that mansion on the beach but so do many other multi-millionaires" when its "I've got a family and its been 8 months and we cant even get a roof in the lowest of crime suburbs with references and both parents working nah that's not competitive, that's a national tragedy, its just an absolute disgrace
gov is negligent
Maybe get someone on that doesn’t encourage rent bidding?
The wealthy deserve to live in houses whilst the peasants deserve to be homeless.
Rent-seeking is a concept in economics that states that an individual or an entity seeks to increase their own wealth without creating any benefits or wealth to the society. Rent-seeking activities aim to obtain financial gains and benefits through the manipulation of the distribution of economic resources.
Stfu Reamer. Isn't there some kids on the internet you should be grooming Pedo.
Stop
Get a better paying job is the simple solution, The people who cannot deserve to live in tents and on the streets.
🐕
I will help rental crisis when come to Aussieland by subletting rooms in rental house to other newly arrived Indians. Help ease pressure on housing, make a cool bit of cash on the side!
Errrrr no that would not help
Repeating your post ad nauseam does not give it legs.
Why sublet whole rooms? You can get 3 or 4 beds in a single room. Big bickies!
Make sure to rent a place somewhere within walking distance of a university campus. You can make a good profit out of really substandard accommodation for international students because their parents are paying for the expenses, so they'll put up with any kind of rubbish to save their folks some money.
Please don't. I live in a suburb where the Indian population is booming. Your people have an odour, it's disgusting!
Yeah great answer... offer more money. What a joke, this is stupid advice.
😂😂😂