I am a homeowner in Perth, not a landlord. I am very fortunate that I bought my very modest home in 2020 and thus I can still afford it despite making just under the median wage. I feel for everyone who can now not afford to buy a home or afford the ridiculous rents that landlords are charging. Houses are a commodity, not an investment, yet a large amount of the country's GDP is tied to housing. The economy is rooted. I'm considering renting out a room to someone to help them and also help cover my ever growing bills in this "cost of living crisis" which is all just due to 1. Corporate greed and 2. Insane amounts of quantitative easing. But it's hard to find people that align with your interests and way of life. Everyone in this country should be able to have their own home and the fact we have so many people now living in cars and on the street/in tents is a shame on this government.
Hey , how about you stfu ? People are gonna do whatever it takes to support and shelter thier family , you need to start blaming the government and not the family that's living in a car
In Toronto, 2022, it took me 4 month of searching to secure a place to rent. I was rejected by some as I was a single person, and some landlords wanted 2 incomes (I am not sure if that's even legal in Canada). Many rentals came off the market within a few days, even if I viewed them first day on market they were gone by that night or the next evening. There were also bidding wars, I refused to bid on a rental. Instead I offered to pay a few months upfront (outside the first and last months rent). That secured me the place. Also meeting with the landlord or their representative in person when viewing is very helpful.
Perhaps there needs to be more media attention to how expensive it is to maintain a house in Perth: tradies are difficult to find and at up to 160 p/h plus callout fees, plus parts, (and you have to lose time off work to let them in) a 'small' problem can add up quickly. Physical materials have gone up more than 30% in recent years. Land tax has skyrocketed. Building insurance has in some cases quadrupled. If the property is mortgaged, that cost has spiralled up as well. If a property owner is unlucky to have a bad tenant, (sadly yes they do exist), then the law allows that tenant to squat for weeks, then the owner must again take time off work to attend court and even if a ruling says the tenant must pay, it does not mean you get it back. Landlord insurance only covers very specific types of malicious damage. Yes, housing should be provided by the government and the government rent out the housing. That would solve the problem.
The landlord could have an agent take care of all his concerns for merely 10% - i have zero sympathy if he/she decides that they would rather milk every dollar by going the private route. If he had only 4 applications from 120 enquiries and a FIFO requirement that tells me he was either seeking an obscene amount or it was a property attached to his/her own place and is someone hardly anyone would want to live next to, especially if they are going to be constantly prying on you. It's not only the shortages that are an issue for ppl that have lived here a while it's the astronomical increase in prices - my previous place i was renting was a unit for $320pw, the owner sold and hence i was evicted, the new owner "lived" in it for a year (the quotes are because they technically did for only a few months but they say 12 months for tax purposes) and a year later listed it for $540. It was leased within days. The place sold for $275k and at $540pw they are making a killing - even at 10% interest rates and 90% finance it'll pay for itself in 10 years. To put it another way - that's a 100% return in 10 years. The rich are getting richer and the poor are getting poorer.
Liked your video :) Remember to take lots of photos when moving in. As the REA have this trick were they try to hold on the bond. Also from SA really enjoying Aus (9+ years now). Its great :) Sure you going to like it
While bad landlords definitely exists. Most of the whining renters are actually a big problem, and that's why they can't find any place to rent. I know a lot of people who rent and 99% of the time if they go through difficulties their landlord has been willing to give them some temporary reprieve. The only renters I know who struggle to find a place to rent are also the same people who buy a new iPhone every time one comes out. They spend hundreds of dollars on groceries in a week for a single person and just generally have poor money management skills. One guy I know earns more money than me and has always earned more money than me. Not only does he not have a house, he doesn't even have any meaningful savings. And no, it's not because of medical issues or anything like that, he owns multiple cars, regularly go on holidays etc. He has the money, just completely unwilling to live within his means
The time to move to Perth was 2019, when it was out of favour. Originally from Perth, I live in Melbourne but leased a 2 bedroom 1 bath unit in Daglish 100 m from Daglish train station in the western suburbs and 4 km from the CBD from 2016 to 2019 not to live in but as a storage unit and accommodation when in town visiting family. 99% of time I left it vacant. Rent was $290. Property was so out of favour in 2020 I bought a 3 by 2 town house in Scarborough. Always buy or move before the crowd.
we don’t actually need any skilled migrants other than to grow gdp number artificially since they just serve the previous migrants. Any actual skilled designers/engineers can just be paid as consultants. they don’t need to relocate to Australia. For example, everything in the arab oil states built by foreign contractors
It's always a gamble selecting tenants. You're looking for the most stable people you can off of a few data points. Even then, circumstances can change fast, then your in the hole $25k in property damages and unpaid rents while dealing with courts to kick out the squatters...
I was staying with family fortunately, but many people use relocation specialists to avoid a long gap before finding something. Wishing you all the best!
In the property we actually got, we offered $100 extra per week and the first 6 weeks and bond upfront. I also had my previous landlord AND property manager speak personally to the owner of the property we were applying for on our behalf. We now pay $450 per week for a small 2 bed, 1 bathroom home which is very basic but at least we’re not homeless, like so many others. Put in about 40 applications before we were short listed for this one and even with a perfect 10 year rental historical we still had to resort to sweetening the deal.
If I was the landlord I would flag the comment about housing being a “human right” and make sure I never leased a property to them. Their sense of entitlement will be nothing but trouble.
I own 9 properties in Perth, I’ll leave them empty before I rent them out again! People have no respect and live like pigs! Airbnb is the only way to go, renting long term (usually 3 months) to professionals, drs etc.
I don't understand. Australia is a huge country with a good economy and a small population.(relatively) rather than paying rent is it not cheaper to build a house.
Bro what is your logic do you think it’s minecraft? Need to pay for land. Expensive. Not allowed to build your own house on random land. And any land is out in the middle of nowhere and you probably can’t buy it. And even if you could, where would you work? Your bullshit comments certainly aren’t going to make you or I money to do that !
@@theprodigalson4003 Easy Tiger, I was just trying to understand. Thankyou, you have helped. Now, listen, how are you going to get yourself out of this mess?
Oh wow🤦♀️ Do you think buying land and building a house is cheap in Australia?!! It's not. The deposit required to secure a home loan is huge and with rent prices being ridiculously high it is very hard for renters to save enough money. Do your own research and get a damn clue before assuming that renters are all just silly. Of course we would LOVE to build and own our own homes, but instead we are stuck in a trap... paying disgustingly inflated prices for often sub-par properties because many landlords refuse do maintenance to any kind of acceptable standard. Renting in Australia is terrible and tenants get treated like second class citizens.
@@mummabookat7727 Hey, I am renter as well. So I know the market can be hard. Tell me, if there is 26 million people in Australia, a country that is as big as Europe (of course, half of that is uninhabitable) Why then the squeeze? As an outside observer looking in it does not make sense.
@@MrLeighmanBecause a huuuuge portion of Australia is just desert or bushland, that's why!😂 Also, a lot of Australia is owned by the Aboriginal people... no one is allowed to touch that land.
I am a homeowner in Perth, not a landlord. I am very fortunate that I bought my very modest home in 2020 and thus I can still afford it despite making just under the median wage.
I feel for everyone who can now not afford to buy a home or afford the ridiculous rents that landlords are charging. Houses are a commodity, not an investment, yet a large amount of the country's GDP is tied to housing. The economy is rooted.
I'm considering renting out a room to someone to help them and also help cover my ever growing bills in this "cost of living crisis" which is all just due to 1. Corporate greed and 2. Insane amounts of quantitative easing. But it's hard to find people that align with your interests and way of life. Everyone in this country should be able to have their own home and the fact we have so many people now living in cars and on the street/in tents is a shame on this government.
No if you're offering more money, you're part of the problem. Stop doing that no that's so wrong
Hey , how about you stfu ? People are gonna do whatever it takes to support and shelter thier family , you need to start blaming the government and not the family that's living in a car
The real reason why rent so high is simple ....migration !
In Toronto, 2022, it took me 4 month of searching to secure a place to rent. I was rejected by some as I was a single person, and some landlords wanted 2 incomes (I am not sure if that's even legal in Canada). Many rentals came off the market within a few days, even if I viewed them first day on market they were gone by that night or the next evening. There were also bidding wars, I refused to bid on a rental. Instead I offered to pay a few months upfront (outside the first and last months rent). That secured me the place. Also meeting with the landlord or their representative in person when viewing is very helpful.
Oh my gosh shame Kayla that sounds full on, clearly it’s becoming a widespread thing! Glad you got sorted and that you didn’t have to pay more 😢
Perhaps there needs to be more media attention to how expensive it is to maintain a house in Perth: tradies are difficult to find and at up to 160 p/h plus callout fees, plus parts, (and you have to lose time off work to let them in) a 'small' problem can add up quickly. Physical materials have gone up more than 30% in recent years. Land tax has skyrocketed. Building insurance has in some cases quadrupled. If the property is mortgaged, that cost has spiralled up as well. If a property owner is unlucky to have a bad tenant, (sadly yes they do exist), then the law allows that tenant to squat for weeks, then the owner must again take time off work to attend court and even if a ruling says the tenant must pay, it does not mean you get it back. Landlord insurance only covers very specific types of malicious damage. Yes, housing should be provided by the government and the government rent out the housing. That would solve the problem.
The landlord could have an agent take care of all his concerns for merely 10% - i have zero sympathy if he/she decides that they would rather milk every dollar by going the private route.
If he had only 4 applications from 120 enquiries and a FIFO requirement that tells me he was either seeking an obscene amount or it was a property attached to his/her own place and is someone hardly anyone would want to live next to, especially if they are going to be constantly prying on you.
It's not only the shortages that are an issue for ppl that have lived here a while it's the astronomical increase in prices - my previous place i was renting was a unit for $320pw, the owner sold and hence i was evicted, the new owner "lived" in it for a year (the quotes are because they technically did for only a few months but they say 12 months for tax purposes) and a year later listed it for $540. It was leased within days.
The place sold for $275k and at $540pw they are making a killing - even at 10% interest rates and 90% finance it'll pay for itself in 10 years. To put it another way - that's a 100% return in 10 years.
The rich are getting richer and the poor are getting poorer.
Yep just edited privacy on Facebook and deleted all the pictures of children & animals that might be construed as pets/ offspring
Liked your video :)
Remember to take lots of photos when moving in.
As the REA have this trick were they try to hold on the bond.
Also from SA really enjoying Aus (9+ years now). Its great :)
Sure you going to like it
Thank you sooo much for such a sweet comment and for watching the video💞 it’s been wonderful so far!
my left ear loved this
While bad landlords definitely exists. Most of the whining renters are actually a big problem, and that's why they can't find any place to rent.
I know a lot of people who rent and 99% of the time if they go through difficulties their landlord has been willing to give them some temporary reprieve.
The only renters I know who struggle to find a place to rent are also the same people who buy a new iPhone every time one comes out. They spend hundreds of dollars on groceries in a week for a single person and just generally have poor money management skills.
One guy I know earns more money than me and has always earned more money than me. Not only does he not have a house, he doesn't even have any meaningful savings. And no, it's not because of medical issues or anything like that, he owns multiple cars, regularly go on holidays etc. He has the money, just completely unwilling to live within his means
The time to move to Perth was 2019, when it was out of favour. Originally from Perth, I live in Melbourne but leased a 2 bedroom 1 bath unit in Daglish 100 m from Daglish train station in the western suburbs and 4 km from the CBD from 2016 to 2019 not to live in but as a storage unit and accommodation when in town visiting family. 99% of time I left it vacant. Rent was $290. Property was so out of favour in 2020 I bought a 3 by 2 town house in Scarborough. Always buy or move before the crowd.
we don’t actually need any skilled migrants other than to grow gdp number artificially since they just serve the previous migrants. Any actual skilled designers/engineers can just be paid as consultants. they don’t need to relocate to Australia. For example, everything in the arab oil states built by foreign contractors
Landlord is correct. If it takes you months to find a rental, you have time to ensure everything is in order.
Thank you for sharing! Renting is so difficult but I’m happy you guys found a place
Thank you so much for the sweet comment 💞
Oh now I understand why its so hard for ciztens to get a rental
Those areas in Perth are literally the most expensive in the city. They are the same as Mayfair in London or Bondi in Sydney
Lmao! Not by a long shot. Try pepermint grove, applecross, etc.
Those are average suburbs. I live there, and have a few investments.
It's always a gamble selecting tenants. You're looking for the most stable people you can off of a few data points. Even then, circumstances can change fast, then your in the hole $25k in property damages and unpaid rents while dealing with courts to kick out the squatters...
Don't you have a property manager?
@lukedegraaf1186 yes of course.
@brad5185 then what's the problem? Portfolio too small?
@brad5185 I lost 25k on a crypto bet this year. Don't risk what you can't afford to loose.
@@lukedegraaf1186 Did I say there was a problem? It's a gamble is what I said...
What a sad state of affairs, that the rent market is in such a state
Don't assume when Aussies complain about immigration that we begrudge individual immigrants. Our issue is with our immigration policies.
Yeah, try Queensland
Where did you live when you were house hunting for a rental?
I was staying with family fortunately, but many people use relocation specialists to avoid a long gap before finding something. Wishing you all the best!
In the property we actually got, we offered $100 extra per week and the first 6 weeks and bond upfront. I also had my previous landlord AND property manager speak personally to the owner of the property we were applying for on our behalf. We now pay $450 per week for a small 2 bed, 1 bathroom home which is very basic but at least we’re not homeless, like so many others. Put in about 40 applications before we were short listed for this one and even with a perfect 10 year rental historical we still had to resort to sweetening the deal.
This is good news for me.
If I was the landlord I would flag the comment about housing being a “human right” and make sure I never leased a property to them. Their sense of entitlement will be nothing but trouble.
Yup. I've had mothers cry when I kick em cos they're behind on rent. Don't they know the damage court proceedings will do to them?
I own 9 properties in Perth, I’ll leave them empty before I rent them out again!
People have no respect and live like pigs!
Airbnb is the only way to go, renting long term (usually 3 months) to professionals, drs etc.
You're a sad person. 😢
I agree. Long term rentals don't provide the same return, and costs can be recovered against taxes.
6:15 bruh don’t make me laugh
Yeah same, I got out my tiny violin after that statement 🎻
30 something?
Perth is lovely
I don't understand. Australia is a huge country with a good economy and a small population.(relatively) rather than paying rent is it not cheaper to build a house.
Bro what is your logic do you think it’s minecraft? Need to pay for land. Expensive. Not allowed to build your own house on random land. And any land is out in the middle of nowhere and you probably can’t buy it. And even if you could, where would you work? Your bullshit comments certainly aren’t going to make you or I money to do that !
@@theprodigalson4003 Easy Tiger, I was just trying to understand. Thankyou, you have helped.
Now, listen, how are you going to get yourself out of this mess?
Oh wow🤦♀️ Do you think buying land and building a house is cheap in Australia?!! It's not. The deposit required to secure a home loan is huge and with rent prices being ridiculously high it is very hard for renters to save enough money. Do your own research and get a damn clue before assuming that renters are all just silly. Of course we would LOVE to build and own our own homes, but instead we are stuck in a trap... paying disgustingly inflated prices for often sub-par properties because many landlords refuse do maintenance to any kind of acceptable standard. Renting in Australia is terrible and tenants get treated like second class citizens.
@@mummabookat7727 Hey, I am renter as well. So I know the market can be hard. Tell me, if there is 26 million people in Australia, a country that is as big as Europe (of course, half of that is uninhabitable) Why then the squeeze? As an outside observer looking in it does not make sense.
@@MrLeighmanBecause a huuuuge portion of Australia is just desert or bushland, that's why!😂 Also, a lot of Australia is owned by the Aboriginal people... no one is allowed to touch that land.
What a sad state of affairs, that the rent market is in such a state