Interesting Article

[FormerLurker]

http://www.news.com.au/money/proper...amilies-homeless/story-e6frfmd0-1226048950112

Boom/bust/boom/bust but rents always seem to go up.

 

[weg]

As the article states, a lot of the homeless have social issues. Many that don't, haven't always got a good rental history. In these cases should all the blame be on a rental squeeze and rising rents?

With decreasing public housing and an increase in social problems, this was always going to be a problem that was going to get worse over time, and one which will continue to exist regardless.

Rents still lag interest costs of purchasing by a mile in places where everybody wants to live - sometimes we need to go where we can afford, even if it means more travel time or being in a place we're not too keen on. It's expensive, but this applies to everyone, not just tenants.

 

[Belbo]

Let's not try skiing through a revolving door here, Wegs! There's a massive low-cost housing problem, and you'd need to be a very deft skier to navigate your way through that plate-glass turnstile unpulverised.

But it's not just low-cost rental housing that's in shortage. There's a chronic shortage at all price levels! Saturday's SMH had only half a page of properties advertised for rent last weekend. That's an astonishingly small number for a city the size of Sydney.

Okay, it's superficially 'great' for we landlords, but it doesn't auger well for either social stability or the security of our landlords' rights in the longer term. Not unless you think there won't ever be a backlash of some sort.

If we don't start seeing a massive upturn in the residential construction industry in this country, and soon, we'll all start to feel it, one way or another. Unions are already in talks with senior Labor officials about bringing in some sort of higher taxes or lower tax deductibility for property investors, as if that will help the situation!

We need, I'd suggest, two things immediately. A wholesale scaling down of government levies on development, and a reversal of the DA-approval system from we-show-reason-why to they-show-reason-why-not. (After all, applying for a DA in this country is tantamount to being guilty-of-overdevelopment unless proven innocent. Nimbyism just has to go!)

You want more low-cost housing? Build more housing!

Rant over. Bring on the bazookas.

 

[weg]

Damn nearly made it through .

The article mentions Sydney rents then goes onto mention Australian homelessness, which is what I was more specifically referring to.

With assistance like rent relief on top of FTB A and B for low income earners, most places have some type of housing that's affordable, unless there are other issues preventing you accessing housing.

But then again I live in Adelaide where there's no shortage and where no one wants to go .

 

[craigb]

booms are from lack of tradies/low interest rates , so the property values on new buildings go UP, the older places follow, the busts? due to the shortage of dwellings being built as builders will not take the risk/ on higher interest rates, the houses are in great demand as people get evicted and so forth from their own ppor , the population still climbs nonthe less .sort of explained my case ???? pissed right now ? lol!!

 

[BayView]

Let's not try skiing through a revolving door here, Wegs! There's a massive low-cost housing problem, and you'd need to be a very deft skier to navigate your way through that plate-glass turnstile unpulverised.

But it's not just low-cost rental housing that's in shortage. There's a chronic shortage at all price levels! Saturday's SMH had only half a page of properties advertised for rent last weekend. That's an astonishingly small number for a city the size of Sydney.

Okay, it's superficially 'great' for we landlords, but it doesn't auger well for either social stability or the security of our landlords' rights in the longer term. Not unless you think there won't ever be a backlash of some sort.

If we don't start seeing a massive upturn in the residential construction industry in this country, and soon, we'll all start to feel it, one way or another. Unions are already in talks with senior Labor officials about bringing in some sort of higher taxes or lower tax deductibility for property investors, as if that will help the situation!

We need, I'd suggest, two things immediately. A wholesale scaling down of government levies on development, and a reversal of the DA-approval system from we-show-reason-why to they-show-reason-why-not. (After all, applying for a DA in this country is tantamount to being guilty-of-overdevelopment unless proven innocent. Nimbyism just has to go!)

You want more low-cost housing? Build more housing!

Rant over. Bring on the bazookas.

I'm more than happy to provide low-cost housing and cheap rents to those who are at the "lower end".

But unfortunately I'm not more than happy to cop property damage.

I'm not more than happy to provide rentals for "fly by nighters",

I'm not more than happy to provide rentals for renters who don't/won't pay,

I'm not more than happy to provide rentals for renters who perceive themselves as victims of greedy "rich c*nts" and therefore have no respect for me or my property.

Sadly; lower-end penguins are there for a number of reasons which are not attractive to the greater good of the society in which they want to live.

Yeah, yeah.....some socialist do-gooder will chime in now with the argument that the "higher end" folk can be just as bad, and we need to give the poor folk a go. Been there and done it, and they just sheet in yer face..

When the scales tip back in favour of the Landlord - as they should - then you might see a few more rat dens available for rent.

Maybe it's true that higher-end folk are just as bad; but the percentage is REALLY small.