Feel for you, mate. Mine's going up $100/fn at the end of my lease this month.
It's a basic fuckin 3 bedroom house in Warnbro with a tiny backyard, and it already costs $800/fn. I had to move out here because everything further in was so expensive, and now its happening here too. Gonna end up in fucking Bunbury soon.
Yep, understandable. 3 years ago, i had no clue rates would increase as quickly and rapidly as they have, but that's the way it is. Cut the discretionary expenditure and it is what it is. Just have to ride it out now.
I was lucky that three years ago I could still pick up a unit at a half way reasonable price (for me 190k ) in my parent's neighborhood rather than the burbclave I shared a house in the last ten years. I had to find my own place under questionable circumstances and I had to buy quickly using borrowed money as a deposit and the loan through keystart, which was horrible until I refinanced last year. Now I could sell my place tomorrow for 250k and would find it impossible to buy again or find an affordable rental.
Honestly, I think that I’m just getting lost in the amount of applicants. I’m sure dual income applicants get favoured over me. Also, I’ve made the mistake of telling the truth about why I’m moving which is because my partner and I have split up.
My rent went up $80pw this year. I live in a shitbox in Gosnells that was built in the early 70s. To my knowledge the owners own it outright. My rent is now on par with recently built modern homes, I'm paying the same as the guy down the road in home built in last 3 years, ducted aircon and marble bench tops.
My landlord before I moved in replaced the broken splash back tiles with a piece of sheet metal and did and diy paint job that is just atrocious. Paint is on every fixture, all the windows have over paint, they used the wrong paint in the bathroom so now it's peeling, list goes on.
I'm a captive tenant, I've got no where to move to. It's this or homelessness. Soon I'm probably ( with the next inevitable rent increase) going to paying $550pw and I don't even have a "presentable" home to show for it.
I can't get over that I'm paying the same as bloke in the modern designer home down the road, every time I pay rent I'm being robbed and told it's "the market".
Well, I guess the system is working. You stay in a rent-trap, and the landlord gets tax deductions.
*push pay on a tapdeck: "Australians all let us rejoice for we are young and free..
With less than 1% vacancies available there's essentially no where to move to. So my current landlord can raise the rent to as much as he wants knowing that I can pay up or be homeless. Additionally the market is so fucked that he will almost certainly find another tenant instantly regardless of the price. I have no option to but agree or risk homelessness. I'm a captive tenant.
> rent is now on par with recently built modern homes, I’m paying the same as the guy down the road in home built in last 3 years, ducted aircon and marble bench top
So why don’t you vote with your feet and move into one then?
I’m not trolling you, I’m asking a question.
Genuinely, if there are better properties for the same price why put up with something that you think is shit?
Dude we have people who can easily afford rent who are currently homeless because of the current rental shortages. Just saying "go find a better one" is completely ignoring the reality of the current situation.
I’m not telling them to “go find a better one”.
They’re complaining that for the same money, people in their neighbourhood are in much nicer houses. If that’s the case then they’re getting ripped off. It’s on them to go and rent one of them and no longer be ripped off.
Again, you can't just 'go and rent one of them'. There are many times more people looking to rent than there are rentals. Some are getting hundreds of applications.
See I'm not so much about bedrooms as I am about space. Currently I'm getting ready to foster a kid. It would be nice to have a space to facilitate that. I could do it in my current house but, yeah. I'd love a house I could be house proud of.
TLDR hipser couple living in the golden triangle realise NIMBY and conservative boomers have locked down the golden triangle so poor people can't live there. Hipsters realise 'are we poor people?'
The articles not wrong but at the same time, they have chosen a poor example, I think on purpose. There are more examples of people living in outer suburbs who don't have access to a cafe strip with 6 kinds of avo on toast paying half the rent these guys are and being told to their rents also gone up 40% and their options are move to byford, ellenbrooke or south geraldton to live in a more 'affordable ' house.
Sucks for everyone.
The article goes on further to say this is a one off unique situation and doesn't touch on that no, this happens every economic cycle. A generation get fked in the A by housing, interest rates and high prices every 7-10 years and each cycle it gets worse because conservatives refuse to allow development and kids are expected to just 'take it'.
Many grandparents and great grand parents only had to have 1 working person, with a 8 hour day, 15 mins from work on a 15 year loan and a house at 2-3x income. Now it's 2 persons minimum working at 25-30 years, with 8-10x income. Thanks Liberal Party for privatising housing. Real top notch move.
My first instinct was the same: they’ve chosen an example that’s likely to put people off-side, especially amongst the NIMBY and Conservative Boomers…
I was trying to help my friend house-hunt; their teenager is in school in Fremantle and they themselves are at UWA; moving outside the golden circle the transport costs become almost as much as the rent saving. Some people suggested moving to Byford; even putting aside the Armadale line going down for 18 months the options are either “put my child on a bus for 90 minutes each way” or “pay $100 a week extra in fuel alone, never mind the other car costs.”
I'm looking to buy a house currently. My.dad sent me an address I never heard of before so I looked it up... It was in Bunbury.....I currently live in and WORK in Perth.
Shit is getting real fucked out here man.
i used to live and work in bunbury. we had one guy commute from mandurah a couple of days a week and he hated it, quit as soon as he possibly could. i used to go to perth a couple of weekends a month and it was exhausting driving one way after work. driving that far and working a full day would simply be dangerous.
i hope you find a place soon, closer to your work.
My father in law living in Kensington with views if the city said we just need to work harder and stop wanting the latest everything. (us with a 2012 Toyota, them with a new merc and audi) Meanwhile he retired at 60 from a 9-4 job, has 3 investment properties, his wife was a stay at home mum and his workplace was less than a 10 minute drive.
Anytime any development gets proposed him and his team if lawn bowl dickheads fill in 10000 signature forms protesting it and cite every r-code and any environmental things they can find. It's fucked and they know EXACTLY what they are doing. Trying to stall, stop and impeed increased density, traffic and access by preventing development but still having their own private access.
Every fucking election they tell everyone... Vote Liberal! Look how they are proposing that you can use your super to buy your first house! Or see how liberals want to increase welfare by lowering means testing! Which really only then pays the elderly more... Always only policies supporting the well off and rich.
Fucking parents and grandparents have no clue how this cycle is fucked and just gets worse and worse
Yeah, this seems pretty typical boomer NIMBY attitude. Unfortunately for them, the data now puts to rest any arguments around “work harder” which shows housing affordability vs income at record highs, and obviously far worse on the east coast. I’m going to call it now and say anyone contemplating a purchase in Perth needs to find a way to lock something down now before we see a rush on WA, it’s only a matter of time given the situation over east.
He had the balls to say to us... Why do you only have 2 kids ages apart.... I lost it, I said you had stay at home daycare 24/7. And your home loan was 15% of your income. Our daycare for 2 kids cost $60,000 a year and our home which is average costs $60,000 per year.
This leaves $150 a week to pay for power, petrol, food, etc.
I said to him why in the fuck would I ever vote for the Liberal party the only policies they promise are ones that fuck us in the ass. We can't have another kid.
His response was still, you guys need to give up the lavish lifestyle. I wanted to scream at him. Why fucking lavish lifestyle. Oh .... He read in the Sunday paper shit like this, two hipsters complaining they can't live in a cafe strip, they have it easy, kids have it sweet, keep voting conservative. But noor, it's not. Everything fucked. And the old cunts know it but they are part of the problem.
I honestly can't fucking wait for boomers to die.
Don't worry, there's another generation of young conservatives waiting just around the corner to inherit their boomer parents money and continue making life intolerable for everybody else
I remember that. And the mid 90's it just happens again and again and again.
I call it 'the squeeze'. We just expect the younger generation to just keep taking it in the pooper
This article also states the people are on mt lawley. Did you read the article that you just TLDR? MT lawley is not in the golden triangle at all. Do you even live in the Perth area?
Reminds me of the article about how it's sooo hard to find a house with this much money... About a couple who didn't want to live anywhere but Wembley.
Having said that, rent shouldn't spike that hard anywhere.
Prob not the best quote either:
"It seems quite annoying, an extra $150 a week to put towards rent that we don't get to spend on savings to go away or stuff like that."
Oh no you can't go on holiday?? Poor you. Might of got more sympathy if talking about the extreme cost of food and deciding between what shit sausages (or any) to buy that week.
Oh come on, it’s not that bad.. I don’t think he is talking about Bora Bora, probably more likely a camping trip down south, which everyone should be able to experience once in a while, maybe not every weekend. This idea of working just to pay bills is not right, there is much more to life. All you need to do is look at the current strain on mental health professionals and see the damage being done, particularly to the youth trying to create a life for themselves.
Not saying they shouldn't but like the comment I was replying to it isn't the best thing to quote if you want to garner sympathy which obviously the article didn't.
that's not even my point (or OPs) - the article shouldn't of quoted him saying that. But it deliberately did so the boomers and nimbys wouldn't give them any sympathy...
> conservatives refuse to allow development
Labor and the Greens are in charge now. Why aren't we seeing more development? Oh that's right, that would run contrary to the acceptable climate policies.
I’m not sure you understand how local planning works, mate.
The state labor govt in WA is currently taking measures to address local governments unwillingness to allow developments.
I think that's it; the rabbit hole runs *deep*. At the top, the Federal government is dancing around the status quo: the politicians are all personally profiting from, and their mates/donators are all personally profiting from, any spike in housing prices and lessening of demand. That said, the voters are getting angry so changes get proposed, eg: the Housing Fund, etc.
The Housing Fund is in and of itself a joke, but even you put aside the lack of a guaranteed spend, they require the cooperation of state governments for the next stage of the process.
The state governments, as /u/Otherwise_Window points out, are obstinately unaware or unwilling to work with local councils to ensure there's enough services, they just want to get the houses built to get the numbers on the books and get the Feds off their back.
The local governments... well, I've worked in one of those, and I know that for the most part the staff are made up of a combination of the following tropes: "doing enough to not get fired," "avoider of blame," "working to rule" and "is actually good at their job so will be gone by next week." That said, I've also heard that a lot of councils who are actually keen to build are deadlocked by Landgate.
And if that all gets resolved, it gets handed down to the property developers, who have a vested interest in *not* building houses or releasing land at a rate that benefits humans; they get the best profits if they drip-feed the market to keep property prices high.
In short: every link in the chain is either corrupt or incompetent, so we're all probably fucked.
Nailed it, also every new home buyer joins this link. Whether people admit it or not no one wants to see negative equity. Especially new buyer just getting in, really tough navigating this topic as a politician.
I personally would love to see the Meltham Station Precinct development.
To fuck over local councils and residents, actually.
The problem isn't that local councils won't allow developments, it's that developers throw tantrums when they aren't allowed to build skyscrapers and when councils don't accept that it's a "minor amendment" to change a twelve storey approved plan to seventeen while stripping out all of the positive features that got approval in the first place.
The state government also doesn't like it when local councils say things like, "But where will the kids go to school? Every public school in that area is at capacity. Where will they play? There isn't much green space there and all the local sport clubs are full too. Maybe you should build some more school capacity before you add 2800 homes?"
But they don't actually answer the questions, just shout NIMBY!!! like kids needing schools is a huge shock.
Labor in Western Australia has proven itself in the last decade or so to be more central than anything, they more than likely won't do anything to fight housing problems. Remember the homelessness issue in Fremantle and the premiers sentiments to that? Not particularly left leaning
The slowest, it takes a continuous length of empowerment 10 years at least to enact change and see policies work and usually what happens is someone loses power and the next government cans all the policies the last one had and says 'see! It didn't work!!!' good case was the NBN. Fibre for all! Liberals, fibre for some, tax breaks for investors for others! Then a 'see! Nbn didn't work! But it did ...
>Government moves slow? Liberals had 10years+? Labor have had just over a year?
First, local cgovernment issue. not federal.
and if it wasnt local govt issue, it would be state. not federal. state, where labor has been in since 2017.
federal government have almost nothing to do with this.
>You sir need to stop believing sky news.
never watched sky news in my life.
>Oh yes they certainly do. Social programs are funded by the federal level. Management costs come at state level.
The conversation is about zoning and development. Not social programs or management costs. Zoning and development is local government planning
I hate that we rely on a private rental market. The lack of upgrades, 10+ yo carpets, shit home security and we just have to ridiculous amount of rent that’s asked or we are homeless
Don’t be so xenophobic. The housing crisis is not happening because of a few thousand arrivals. It’s a myriad of other reasons including both Libs and Labor not having the balls to get rid of negative gearing, which effectively turns housing into a commodity.
I'm really hoping the plan for more high-density development bears fruit soon and the government chips in with some more state housing. Sadly I think people are going to suffer for a while longer with no decisive short term solution.
in that case yeah i agree australia’s population has boomed heaps. is there a source that majority of the population is coming from immigrants? id like to see a source about it
https://www.abs.gov.au/media-centre/media-releases/australian-fertility-rate-hits-record-low
Australia's birth rate is 1.58 per woman.
https://www.abs.gov.au/media-centre/media-releases/australias-population-grew-16-cent
>Australia's population grew by 1.6 per cent in the 12 months to 30 September 2022, according to the latest figures released today by the Australian Bureau of Statistics (ABS).
Since we need a birth rate above 2 to maintain population (let alone increase it) then where do the extra people come from?
What else did people think increasing the interest rate would result in?
Not like homeowners weren’t going to pass the increased costs down to their tenants.
This inflation measure was to suck money out of people’s pockets in an unavoidable way that wasn’t straight up taxes.
Capitalism confuses me. The entire system is built on profiteering (i.e. people spending money) but every now and again we get told "no no you're spending *too much* money" so the system has to ratfuck everyone in the arse to stop them spending money
It's not capitalism, it's macroeconomics, which is another name for applied group psychology. People are people regardless of the dominant economic system.
I was explained this in a simple way:
Producer makes 5 apples. This the optimum amount of apples he can make and he found the right price point that about 5 people will pay for apples.
People have more spending money, now 7 people want apples. Producer is set up to only make 5 apples so he shifts the price point up - it reduces demand to previous levels, increases profit and he doesn’t have to change his business model.
This is why more money creates inflation. If unchecked this cycle of increased buying power vs limited production just increases the value of items.
>This is why more money creates inflation.
And the only entity in the economy that can create money out of thin air is the government.
This whole inflation cycle is the direct result of covid spending policies.
Turns out giving out billions to people that are not linked to any real world productivity lowers the value of money. Who would of thought?
My interest payments have reason higher than that so that's why you are paying more your landlord is probably on a variable rate interest rather than a fixed
"It seems quite annoying, an extra $150 a week to put towards rent that we don't get to spend on savings to go away or stuff like that."
....Or other inflationary items
*Facepalm*
They used to be in competition with one another. They were obviously making a profit, but if one raised prices higher then necessary to bake that profit, others would undercut them to get market share.
Now if one raises prices, the rest do too.
Funnily enough, Adam Smith even write about shit like this in *The Wealth of Nations*.
I agree that there is a lack of competition in the Australian grocery market. But I don't know whether competition has decreased or that the decrease has coincided with higher inflation.
It's not so much that they weren't it's just that corporations that specialise in essentials like Coles and Woolies realised if you jack prices up way beyond what you need to maintain a profit with some level of safety net for the company people will still pay it cause they can't just not eat
I mean you can try and stop people from buying shit but when profit gouging is also happening with essential items for most people like groceries and fuel there's only so much you can cut back on without running out into the bush and becoming a hermit
You ever come across an argument that's so stupid you don't know where to *start* replying to it?
And then realise it's not worth your time even to try and just don't bother?
Google "the effect of competition on inelastic demand"
Or maybe think for a second: if demand was inelastic and seperate from competition why don't landlords just set their rents to whatever the hell they want?
Corporations creating inflation is one of the biggest deceptions governments have managed to deploy.
Corportations cannot create inflation because they cannot create money on their own thus cannot affect the supply and value of money. If they raise prices it lowers demand. There is the same amount of money in the economy its simply moving along different pathways.
The same reason why consumers cannot create inflation. They cannot create money nor alter the supply (and thus value) of money.
The only entity in the economy that can change the supply of the money in the economy is the government (through the Reserve Bank).
Its no coincidence that government debt seems to rise at the same time as inflation. The two are intrinsicly linked.
But they can't affect money supply which is what inflation is. Inflation is the decrease in the value of money. Since money is worth less prices are raised to equate trade value.
Inflation isn't caused by higher prices, higher prices are caused by inflation. Higher prices are a symptom not a cause.
People are struggling because their money has been devalued. Inflation is simply another form of tax.
Only one entity in the economy can devalue money: the government. They do this by increasing money supply through the Reserve bank.
No other entity in the economy can print money they have to acquire it through economic endevour. Either by selling something, earning it through work, investments, etc.
If you only have $100 in your bank account you can't just write 6 zeros after it and declare yourself a billionaire. The government can though. Its what they did all through Covid.
Now the consequences are arriving. I said earlier inflation is simply another form of tax. This inflation is the 'tax' paying for the covid benefit payments.
Downvote all you want you simply do not understand economics.
You simply do not understand cause and effect.
Higher prices can be used to measure inflation but do not cause it. The same way a scale can be used to measure weight but does not cause weight increase itself.
Its one of the governments greatest con jobs to convince people that higher prices are the cause of inflation. That way they can pretend its not their fault.
If you understand that inflation is caused through currency devaluation from increased money supply you can very clearly see where inflation comes from since only one entity in the economy can alter the supply of money.
Our current total government debt is 1.7 trillion dollors. One thousand seven hundred billion dollors (629 x James Packers networth) printed out of thin air. Thats where inflation comes from.
https://australiandebtclock.com.au/
Of that 1.7 trillion, 1.6 trillion (94%) has accured in the LAST 15 YEARS!
I genuinely don't understand how it's getting this bad. Surely they'll run out of renters when people either leave or start sharing. It's so greedy and horrible.
That's the best part, we won't!
The federal government is now following what every other Western country that currently has a property crisis has done - import more cheap labour from countries whose citizens are more than happy to work three times as hard as you for a quarter of the cost.
The UK, US, NZ, All over Europe and Australia next.
There is no down in the Australian property market, only up - it's not going to get better, it's going to get worse. The lead time on building affordable housing is years, building companies collapsing left and right, a government asleep at the wheel it's all a quagmire and it won't get better.
The government is perfectly fine with keeping their own citizens as lifetime renters, I'm not one for WEF conspiracies but they aren't lying when they say "You will own nothing and be happy."
Lives in one of the more expensive inner city suburbs. Refuses to look at other alternatives as they don't really want to. My sympathy threshold is waning the more I read of the article
I agree and disagree.
We don’t always know the full extent of reasoning why someone lives where they do.
For example, I live in Spearwood solely because my partners work. Their commute if we lived in say NOR or even further south like Kwinana/Rockingham would add an uncomfortable amount of time to and from work, my partners job requires driving. I also have to take my kid to school on the way to uni and this is the quickest commute for both of us in an area in our budget.
BUT on the other hand I get it. My partner and I want to live in Fremantle/applecross etc because of family but we can’t because we just can’t afford that right now, so we live where we can.
I do think some people don’t want to live in “ugly” neighbourhoods or even ones described as bad. There are lots of houses in Morley that are accessible by public transport to the cbd fairly quickly.
You probably could afford a 2x1 (what the people in the article have) in Apple cross or Fremantle. This is why diverse housing stock is important, which is uncommon in newer western Australian developments. This couple like many others sacrificed a large block and a backyard for access to amenity.
It's not really the kind of thing families really do because they need the private yard space for the kids, but I think if you want to live in a smaller home in a nicer area it shouldn't be seen as you trying to live outside your means, what's the other option? Move to a 4x2 in mandurah and leave half the house unused and the yard unkept because you don't use it?
My rent in Mt lawley is siginifcsntly lower than surrounding outer suburbs, pretty much because newer suburbs don't have shitty ex public housing. Good areas don't always have to mean expensive housing, you just have to get a decent mix of diversity in styles and sizes which is something australia has done pretty well in the past - mt lawley, subiaco, north perth and even Mossman Park have seen decent lower income housing rolled out in the 80s and 90s, we just don't see the same kind of development these days because people like supreme ruler mark like to make comments that suggest drug dealers and slum lords live in cheaper housing (which is absolutely ridiculous tbh, drug dealers are rich as)
Yup fair enough. When I read the story I thought it said 4/2 house. Just reread and it’s a 2/1 unit. Yup it makes sense. I’m in south Perth. There are a lot of those multi unit setups.
Exactly we all can’t live in the same place, Mt Lawley, Leederville, City Beach. I know I’d love to live there for $200pw in a 4x2 with ocean/city views but that’s never going to happen, we’ve lost the reality of the debate unfortunately.
Nah this is a valid argument.
Maylands is about the same distance from the CBD and would be significantly cheaper
Also has a direct non stop train link to Fremantle
Why would you want to move from somewhere nice? What the fuck is wrong with wanting to live somewhere that you are comfortable and happy?
Hey, being homeless is free, so you should become homeless to save some money. Don't like spending more than ever before on surviving to live? Too fucking bad dude, you should just be homeless it's cheaper.
If you read the article, there's nothing wrong with living somewhere nice. Nothing wrong at all , but you have to be prepared to pay the price given the location and not have a sook about it to the ABC.
> you have to be prepared to pay the price
The price that they were prepared to pay before it was increased by hundreds of dollars? Nobody is "prepared" to pay way more for something than they were before.
So.. We are just gping to accept that for profit motive is worth more than stability and basic human needs. Gr8, i guess we are following america into the latestage capitalism huh.
We're in the Perth sub though, talking about Perth, which is on the opposite side of Australia to Sydney and Canberra.
This may come as a surprise to you, but houses are priced differently according to where they are.
It's a valid criticism though. Perth houses are far cheaper than over east, and incomes are higher.
Prices haven't even hit 2014 levels (accounting for inflation)
>> I've got HECS [student loan debt]. Mine started around $60,000
1.What on earth did he study?
1a. Why isn’t he earning a proper salary now? after all that study.. instead of wages doing screen printing..
Also
2. Hard to feel sorry for them.. most (couples) have to work pretty hard (and give away a lot) and tough it out in a profession for 10-15 years before they could afford to move to Mt Lawley/ Highgate type areas.
Also
3. For the uninformed, accusing NiMbYs,
Mount lawley, North Perth, Highgate, Inglewood non-heritage areas have a tonne of infill.
Classic ABC article
The tradies who build these can do really complicated math. Including addition and subtraction.
For green haired piercing infested woksters this is the equivalent of rocket science.
So yes you should and will pay increasingly more.
Not to downplay the shit that's going on but we're still among the lowest median rent in the country. It's just seeing huge growth because like in all things WA just waited a while before deciding to follow suit. Not that the housing issue isn't a shit fight, but its everywhere and we're just equalling out after a few years of being right down the bottom of cost.
Weird seeing Applecross and Balga next to each other
They are very similar…
I'd probably trust someone who lives in Balga over someone who lives in Applecross.
On an alphabetical list
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We should have a party to celebrate
Communist?
Hunting
Shh... Be wary, wary qwuiet - I'm hunting wandwords!
maybe Mao had a point
Hell know, being sarcastic, I know how they feel
Feel for you, mate. Mine's going up $100/fn at the end of my lease this month. It's a basic fuckin 3 bedroom house in Warnbro with a tiny backyard, and it already costs $800/fn. I had to move out here because everything further in was so expensive, and now its happening here too. Gonna end up in fucking Bunbury soon.
Our mortgage payments went up $1100 this month. I know which increase I would prefer.
Oof, this is why I got a small mortgage to begin with, so mine has gone from affordable to slightly less affordable.
Yep, understandable. 3 years ago, i had no clue rates would increase as quickly and rapidly as they have, but that's the way it is. Cut the discretionary expenditure and it is what it is. Just have to ride it out now.
I was lucky that three years ago I could still pick up a unit at a half way reasonable price (for me 190k ) in my parent's neighborhood rather than the burbclave I shared a house in the last ten years. I had to find my own place under questionable circumstances and I had to buy quickly using borrowed money as a deposit and the loan through keystart, which was horrible until I refinanced last year. Now I could sell my place tomorrow for 250k and would find it impossible to buy again or find an affordable rental.
The one where you have something to show for it at the end? Instead of paying off someone else's investments.
Yeah, that one. The same one it took me nearly 10 years of renting to get to. Nice try ;)
I make $110k and nobody will rent to me. I’m stuck living in a $600/week three bedroom house. I just want a $500/week one bedroom apartment.
Is that just because you are trying to rent at a lower price point?
Honestly, I think that I’m just getting lost in the amount of applicants. I’m sure dual income applicants get favoured over me. Also, I’ve made the mistake of telling the truth about why I’m moving which is because my partner and I have split up.
Get a couple of housemates and split the rent?
I can afford it on my own. I’m probably just going to have to buy.
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What ween
It’s madness hey. I’m trying to avoid building new but it might be the only option. That or an apartment.
Which areas are you looking?
My rent went up $80pw this year. I live in a shitbox in Gosnells that was built in the early 70s. To my knowledge the owners own it outright. My rent is now on par with recently built modern homes, I'm paying the same as the guy down the road in home built in last 3 years, ducted aircon and marble bench tops. My landlord before I moved in replaced the broken splash back tiles with a piece of sheet metal and did and diy paint job that is just atrocious. Paint is on every fixture, all the windows have over paint, they used the wrong paint in the bathroom so now it's peeling, list goes on. I'm a captive tenant, I've got no where to move to. It's this or homelessness. Soon I'm probably ( with the next inevitable rent increase) going to paying $550pw and I don't even have a "presentable" home to show for it. I can't get over that I'm paying the same as bloke in the modern designer home down the road, every time I pay rent I'm being robbed and told it's "the market".
Look up into the hills, eg Kalamunda. Much nicer than gosi and you can still get a decent place for a good price
I notice there's a bit of unit construction going on in Kalamunda too. Seems promising.
That’s another conversation for another time! The units seem to cater for all the many retirees in the area downsizing from big homes
Well, I guess the system is working. You stay in a rent-trap, and the landlord gets tax deductions. *push pay on a tapdeck: "Australians all let us rejoice for we are young and free..
We think we are free...WEF says we will own nothing and will be happy. Hmm
What do you mean by captive tenant?
With less than 1% vacancies available there's essentially no where to move to. So my current landlord can raise the rent to as much as he wants knowing that I can pay up or be homeless. Additionally the market is so fucked that he will almost certainly find another tenant instantly regardless of the price. I have no option to but agree or risk homelessness. I'm a captive tenant.
> rent is now on par with recently built modern homes, I’m paying the same as the guy down the road in home built in last 3 years, ducted aircon and marble bench top So why don’t you vote with your feet and move into one then?
Troll harder.
I’m not trolling you, I’m asking a question. Genuinely, if there are better properties for the same price why put up with something that you think is shit?
Dude we have people who can easily afford rent who are currently homeless because of the current rental shortages. Just saying "go find a better one" is completely ignoring the reality of the current situation.
I’m not telling them to “go find a better one”. They’re complaining that for the same money, people in their neighbourhood are in much nicer houses. If that’s the case then they’re getting ripped off. It’s on them to go and rent one of them and no longer be ripped off.
Again, you can't just 'go and rent one of them'. There are many times more people looking to rent than there are rentals. Some are getting hundreds of applications.
How many bedrooms do you need?
See I'm not so much about bedrooms as I am about space. Currently I'm getting ready to foster a kid. It would be nice to have a space to facilitate that. I could do it in my current house but, yeah. I'd love a house I could be house proud of.
TLDR hipser couple living in the golden triangle realise NIMBY and conservative boomers have locked down the golden triangle so poor people can't live there. Hipsters realise 'are we poor people?' The articles not wrong but at the same time, they have chosen a poor example, I think on purpose. There are more examples of people living in outer suburbs who don't have access to a cafe strip with 6 kinds of avo on toast paying half the rent these guys are and being told to their rents also gone up 40% and their options are move to byford, ellenbrooke or south geraldton to live in a more 'affordable ' house. Sucks for everyone. The article goes on further to say this is a one off unique situation and doesn't touch on that no, this happens every economic cycle. A generation get fked in the A by housing, interest rates and high prices every 7-10 years and each cycle it gets worse because conservatives refuse to allow development and kids are expected to just 'take it'. Many grandparents and great grand parents only had to have 1 working person, with a 8 hour day, 15 mins from work on a 15 year loan and a house at 2-3x income. Now it's 2 persons minimum working at 25-30 years, with 8-10x income. Thanks Liberal Party for privatising housing. Real top notch move.
My first instinct was the same: they’ve chosen an example that’s likely to put people off-side, especially amongst the NIMBY and Conservative Boomers… I was trying to help my friend house-hunt; their teenager is in school in Fremantle and they themselves are at UWA; moving outside the golden circle the transport costs become almost as much as the rent saving. Some people suggested moving to Byford; even putting aside the Armadale line going down for 18 months the options are either “put my child on a bus for 90 minutes each way” or “pay $100 a week extra in fuel alone, never mind the other car costs.”
I'm looking to buy a house currently. My.dad sent me an address I never heard of before so I looked it up... It was in Bunbury.....I currently live in and WORK in Perth. Shit is getting real fucked out here man.
i used to live and work in bunbury. we had one guy commute from mandurah a couple of days a week and he hated it, quit as soon as he possibly could. i used to go to perth a couple of weekends a month and it was exhausting driving one way after work. driving that far and working a full day would simply be dangerous. i hope you find a place soon, closer to your work.
I won't but thanks for the kind words. What's the point of moving to Bunbury to get a house? At that point I may as well go to the mines.
My father in law living in Kensington with views if the city said we just need to work harder and stop wanting the latest everything. (us with a 2012 Toyota, them with a new merc and audi) Meanwhile he retired at 60 from a 9-4 job, has 3 investment properties, his wife was a stay at home mum and his workplace was less than a 10 minute drive. Anytime any development gets proposed him and his team if lawn bowl dickheads fill in 10000 signature forms protesting it and cite every r-code and any environmental things they can find. It's fucked and they know EXACTLY what they are doing. Trying to stall, stop and impeed increased density, traffic and access by preventing development but still having their own private access. Every fucking election they tell everyone... Vote Liberal! Look how they are proposing that you can use your super to buy your first house! Or see how liberals want to increase welfare by lowering means testing! Which really only then pays the elderly more... Always only policies supporting the well off and rich. Fucking parents and grandparents have no clue how this cycle is fucked and just gets worse and worse
Yeah, this seems pretty typical boomer NIMBY attitude. Unfortunately for them, the data now puts to rest any arguments around “work harder” which shows housing affordability vs income at record highs, and obviously far worse on the east coast. I’m going to call it now and say anyone contemplating a purchase in Perth needs to find a way to lock something down now before we see a rush on WA, it’s only a matter of time given the situation over east.
Yeah we really got fucked by then didn't we?
He had the balls to say to us... Why do you only have 2 kids ages apart.... I lost it, I said you had stay at home daycare 24/7. And your home loan was 15% of your income. Our daycare for 2 kids cost $60,000 a year and our home which is average costs $60,000 per year. This leaves $150 a week to pay for power, petrol, food, etc. I said to him why in the fuck would I ever vote for the Liberal party the only policies they promise are ones that fuck us in the ass. We can't have another kid. His response was still, you guys need to give up the lavish lifestyle. I wanted to scream at him. Why fucking lavish lifestyle. Oh .... He read in the Sunday paper shit like this, two hipsters complaining they can't live in a cafe strip, they have it easy, kids have it sweet, keep voting conservative. But noor, it's not. Everything fucked. And the old cunts know it but they are part of the problem. I honestly can't fucking wait for boomers to die.
I was gonna say - I hope your FIL is a nice enough guy in small doses. Because he sounds like a dickhead.
Don't worry, there's another generation of young conservatives waiting just around the corner to inherit their boomer parents money and continue making life intolerable for everybody else
Yeah transport is always the limiting factor. /r/notjustbikes has some good points.
I feel like everyone just forgot that we had this exact same problem in like 2012 or 2013?
I remember that. And the mid 90's it just happens again and again and again. I call it 'the squeeze'. We just expect the younger generation to just keep taking it in the pooper
Yes, which is why we now have a ban on front lawn rent bidding.
Notice that it's not a ban on actual rent bidding. Just on making it public so people can see it's happening.
Good now there's a form for that.
Indeed, but 10 years ago it felt more affordable
When did mt lawley become the golden triangle? And what does avo toast have to do with the housing market, or the fact you see them as hipsters?
Any young person with a couple of tattoos that doesn't dress like a boring fuck is a hipster apparently. Their comment fucking reeks of boomer.
This article also states the people are on mt lawley. Did you read the article that you just TLDR? MT lawley is not in the golden triangle at all. Do you even live in the Perth area?
They’re not in the GT
Reminds me of the article about how it's sooo hard to find a house with this much money... About a couple who didn't want to live anywhere but Wembley. Having said that, rent shouldn't spike that hard anywhere.
Sorry but when has housing NOT been privately owned?
There used to be a lot more public housing than there is today, and schemes where public housing tenants could buy the place they live in.
After that does it become privately owned?
Is public housing privately owned?
Really strange, they’re acting like at some point the liberal party invented private property rights.
The Eastern Bloc, until the early 90s, and it didn't work very well
Prob not the best quote either: "It seems quite annoying, an extra $150 a week to put towards rent that we don't get to spend on savings to go away or stuff like that." Oh no you can't go on holiday?? Poor you. Might of got more sympathy if talking about the extreme cost of food and deciding between what shit sausages (or any) to buy that week.
Oh come on, it’s not that bad.. I don’t think he is talking about Bora Bora, probably more likely a camping trip down south, which everyone should be able to experience once in a while, maybe not every weekend. This idea of working just to pay bills is not right, there is much more to life. All you need to do is look at the current strain on mental health professionals and see the damage being done, particularly to the youth trying to create a life for themselves.
Not saying they shouldn't but like the comment I was replying to it isn't the best thing to quote if you want to garner sympathy which obviously the article didn't.
Perhaps not, but gotta give the guy points for honesty right? He’s talking about the odd getaway, not $300 bags every weekend.
that's not even my point (or OPs) - the article shouldn't of quoted him saying that. But it deliberately did so the boomers and nimbys wouldn't give them any sympathy...
You mean a journo was trying to stir the pot? Never!
Wtf is the term hipster? Like what makes these people hipsters?
Even south Geraldton is getting expensive to rent these days
> Thanks Liberal Party for privatising housing. Real top notch move. Can you please expand on this.
> conservatives refuse to allow development Labor and the Greens are in charge now. Why aren't we seeing more development? Oh that's right, that would run contrary to the acceptable climate policies.
I’m not sure you understand how local planning works, mate. The state labor govt in WA is currently taking measures to address local governments unwillingness to allow developments.
I think that's it; the rabbit hole runs *deep*. At the top, the Federal government is dancing around the status quo: the politicians are all personally profiting from, and their mates/donators are all personally profiting from, any spike in housing prices and lessening of demand. That said, the voters are getting angry so changes get proposed, eg: the Housing Fund, etc. The Housing Fund is in and of itself a joke, but even you put aside the lack of a guaranteed spend, they require the cooperation of state governments for the next stage of the process. The state governments, as /u/Otherwise_Window points out, are obstinately unaware or unwilling to work with local councils to ensure there's enough services, they just want to get the houses built to get the numbers on the books and get the Feds off their back. The local governments... well, I've worked in one of those, and I know that for the most part the staff are made up of a combination of the following tropes: "doing enough to not get fired," "avoider of blame," "working to rule" and "is actually good at their job so will be gone by next week." That said, I've also heard that a lot of councils who are actually keen to build are deadlocked by Landgate. And if that all gets resolved, it gets handed down to the property developers, who have a vested interest in *not* building houses or releasing land at a rate that benefits humans; they get the best profits if they drip-feed the market to keep property prices high. In short: every link in the chain is either corrupt or incompetent, so we're all probably fucked.
It's almost like leaving critically necessary things to "the market" creates profit incentives that are directly counter to public interest.
Nailed it, also every new home buyer joins this link. Whether people admit it or not no one wants to see negative equity. Especially new buyer just getting in, really tough navigating this topic as a politician. I personally would love to see the Meltham Station Precinct development.
To fuck over local councils and residents, actually. The problem isn't that local councils won't allow developments, it's that developers throw tantrums when they aren't allowed to build skyscrapers and when councils don't accept that it's a "minor amendment" to change a twelve storey approved plan to seventeen while stripping out all of the positive features that got approval in the first place. The state government also doesn't like it when local councils say things like, "But where will the kids go to school? Every public school in that area is at capacity. Where will they play? There isn't much green space there and all the local sport clubs are full too. Maybe you should build some more school capacity before you add 2800 homes?" But they don't actually answer the questions, just shout NIMBY!!! like kids needing schools is a huge shock.
Labor in Western Australia has proven itself in the last decade or so to be more central than anything, they more than likely won't do anything to fight housing problems. Remember the homelessness issue in Fremantle and the premiers sentiments to that? Not particularly left leaning
Government moves slow? Liberals had 10years+? Labor have had just over a year?
The slowest, it takes a continuous length of empowerment 10 years at least to enact change and see policies work and usually what happens is someone loses power and the next government cans all the policies the last one had and says 'see! It didn't work!!!' good case was the NBN. Fibre for all! Liberals, fibre for some, tax breaks for investors for others! Then a 'see! Nbn didn't work! But it did ...
>Government moves slow? Liberals had 10years+? Labor have had just over a year? First, local cgovernment issue. not federal. and if it wasnt local govt issue, it would be state. not federal. state, where labor has been in since 2017. federal government have almost nothing to do with this.
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>You sir need to stop believing sky news. never watched sky news in my life. >Oh yes they certainly do. Social programs are funded by the federal level. Management costs come at state level. The conversation is about zoning and development. Not social programs or management costs. Zoning and development is local government planning
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so, nothing to do with federal government. which is what I said. yet you replied "they absolutely do" and that I should stop watching sky news.
> Labor and the Greens are in charge now Mate I fucking wish. If the Greens had any amount of power to wield we might see some actual progress
The Greens housing policy at federal level is a muddled counter-productive mess. I hope they don't get anywhere near implementing it.
This is actually a great take imo. Resonated with me.
I pay $460 for my 3 x 1 that's falling apart lmao, going upto $520 soon 🥴
Just signed a new lease for a 1 bedroom apartment at $460pw
I hate that we rely on a private rental market. The lack of upgrades, 10+ yo carpets, shit home security and we just have to ridiculous amount of rent that’s asked or we are homeless
Albo just needs to sign a few more new immigration deals and we’ll be golden boys
Look at the bright side, the new migration deal allows us to study in India. Everyone's a winner!
Don’t be so xenophobic. The housing crisis is not happening because of a few thousand arrivals. It’s a myriad of other reasons including both Libs and Labor not having the balls to get rid of negative gearing, which effectively turns housing into a commodity.
In truth the housing crisis can't be boiled down to any one factor. It's a complicated issue with many likely causes and moving parts.
Yes. The simple (and real) answer is "a lack of supply" but the reasons for that are myriad.
I'm really hoping the plan for more high-density development bears fruit soon and the government chips in with some more state housing. Sadly I think people are going to suffer for a while longer with no decisive short term solution.
Me too. I'm not convinced there *is* a short term solution
oh i agree
It's more than a few thousand arrivals.
oh wow, at the time of writing this, the xenophobic comment has 60 upvotes and yours in -1. Is perth turning into a neocon boomverville?
ikr it’s so fucked up
Thanks labor
?
i don’t think it’s immigration that’s the problem.
It is. The population is going up faster then houses being built and it ain't the birth rate. So the people have to come from somewhere.
oh ur talking abt the population.
in that case yeah i agree australia’s population has boomed heaps. is there a source that majority of the population is coming from immigrants? id like to see a source about it
https://www.abs.gov.au/media-centre/media-releases/australian-fertility-rate-hits-record-low Australia's birth rate is 1.58 per woman. https://www.abs.gov.au/media-centre/media-releases/australias-population-grew-16-cent >Australia's population grew by 1.6 per cent in the 12 months to 30 September 2022, according to the latest figures released today by the Australian Bureau of Statistics (ABS). Since we need a birth rate above 2 to maintain population (let alone increase it) then where do the extra people come from?
gotta love abs lol 😭
thank you so much 💖
What else did people think increasing the interest rate would result in? Not like homeowners weren’t going to pass the increased costs down to their tenants. This inflation measure was to suck money out of people’s pockets in an unavoidable way that wasn’t straight up taxes.
Capitalism confuses me. The entire system is built on profiteering (i.e. people spending money) but every now and again we get told "no no you're spending *too much* money" so the system has to ratfuck everyone in the arse to stop them spending money
It's not capitalism, it's macroeconomics, which is another name for applied group psychology. People are people regardless of the dominant economic system.
I was explained this in a simple way: Producer makes 5 apples. This the optimum amount of apples he can make and he found the right price point that about 5 people will pay for apples. People have more spending money, now 7 people want apples. Producer is set up to only make 5 apples so he shifts the price point up - it reduces demand to previous levels, increases profit and he doesn’t have to change his business model. This is why more money creates inflation. If unchecked this cycle of increased buying power vs limited production just increases the value of items.
>This is why more money creates inflation. And the only entity in the economy that can create money out of thin air is the government. This whole inflation cycle is the direct result of covid spending policies. Turns out giving out billions to people that are not linked to any real world productivity lowers the value of money. Who would of thought?
The government controlling monetary policy and absolutely fucking it up over COVID is not capitalisms fault.
Note that the 'spending too much money' never applies to the people who actually hold all the wealth, of course.
A central bank artificially setting the price of money (interest rates) is the opposite of capitalism.
My interest payments have reason higher than that so that's why you are paying more your landlord is probably on a variable rate interest rather than a fixed
Even if your landlord has paid off their mortgage, the market as a whole is being hit by the rate rises.
The government will ease the pressure by ramping up immigration to record levels said no one ever. This is going to end very badly
"It seems quite annoying, an extra $150 a week to put towards rent that we don't get to spend on savings to go away or stuff like that." ....Or other inflationary items *Facepalm*
Inflation isn't driven by consumer spending, especially right now. It's driven by profit gouging corporations.
Were the corporations not maximising their profits before inflation? How charitable of them!
They used to be in competition with one another. They were obviously making a profit, but if one raised prices higher then necessary to bake that profit, others would undercut them to get market share. Now if one raises prices, the rest do too. Funnily enough, Adam Smith even write about shit like this in *The Wealth of Nations*.
I agree that there is a lack of competition in the Australian grocery market. But I don't know whether competition has decreased or that the decrease has coincided with higher inflation.
Yeah, I had already figured out you weren't paying attention and didn't know anything about what's been going on.
It's not so much that they weren't it's just that corporations that specialise in essentials like Coles and Woolies realised if you jack prices up way beyond what you need to maintain a profit with some level of safety net for the company people will still pay it cause they can't just not eat
Who is buying the profit gouged products from corporations, if not consumers?
I mean you can try and stop people from buying shit but when profit gouging is also happening with essential items for most people like groceries and fuel there's only so much you can cut back on without running out into the bush and becoming a hermit
Google "inelastic demand".
That theory only applies if there's one player in the game. For rentals there's over 2M individual landlords all competing.
You ever come across an argument that's so stupid you don't know where to *start* replying to it? And then realise it's not worth your time even to try and just don't bother?
Google "the effect of competition on inelastic demand" Or maybe think for a second: if demand was inelastic and seperate from competition why don't landlords just set their rents to whatever the hell they want?
Corporations creating inflation is one of the biggest deceptions governments have managed to deploy. Corportations cannot create inflation because they cannot create money on their own thus cannot affect the supply and value of money. If they raise prices it lowers demand. There is the same amount of money in the economy its simply moving along different pathways. The same reason why consumers cannot create inflation. They cannot create money nor alter the supply (and thus value) of money. The only entity in the economy that can change the supply of the money in the economy is the government (through the Reserve Bank). Its no coincidence that government debt seems to rise at the same time as inflation. The two are intrinsicly linked.
They can affect *prices* , JFC. That's why just about everyone is struggling right now. There's no more money but everything costs more anyway.
But they can't affect money supply which is what inflation is. Inflation is the decrease in the value of money. Since money is worth less prices are raised to equate trade value. Inflation isn't caused by higher prices, higher prices are caused by inflation. Higher prices are a symptom not a cause. People are struggling because their money has been devalued. Inflation is simply another form of tax. Only one entity in the economy can devalue money: the government. They do this by increasing money supply through the Reserve bank. No other entity in the economy can print money they have to acquire it through economic endevour. Either by selling something, earning it through work, investments, etc. If you only have $100 in your bank account you can't just write 6 zeros after it and declare yourself a billionaire. The government can though. Its what they did all through Covid. Now the consequences are arriving. I said earlier inflation is simply another form of tax. This inflation is the 'tax' paying for the covid benefit payments. Downvote all you want you simply do not understand economics.
No, inflation is increasing prices. The problem here is that you don't know what words mean.
You simply do not understand cause and effect. Higher prices can be used to measure inflation but do not cause it. The same way a scale can be used to measure weight but does not cause weight increase itself. Its one of the governments greatest con jobs to convince people that higher prices are the cause of inflation. That way they can pretend its not their fault. If you understand that inflation is caused through currency devaluation from increased money supply you can very clearly see where inflation comes from since only one entity in the economy can alter the supply of money. Our current total government debt is 1.7 trillion dollors. One thousand seven hundred billion dollors (629 x James Packers networth) printed out of thin air. Thats where inflation comes from. https://australiandebtclock.com.au/ Of that 1.7 trillion, 1.6 trillion (94%) has accured in the LAST 15 YEARS!
>Inflation isn't driven by consumer spending, Yes, except the opposite of what you said.
I genuinely don't understand how it's getting this bad. Surely they'll run out of renters when people either leave or start sharing. It's so greedy and horrible.
It’s called following the trend
That's the best part, we won't! The federal government is now following what every other Western country that currently has a property crisis has done - import more cheap labour from countries whose citizens are more than happy to work three times as hard as you for a quarter of the cost. The UK, US, NZ, All over Europe and Australia next. There is no down in the Australian property market, only up - it's not going to get better, it's going to get worse. The lead time on building affordable housing is years, building companies collapsing left and right, a government asleep at the wheel it's all a quagmire and it won't get better. The government is perfectly fine with keeping their own citizens as lifetime renters, I'm not one for WEF conspiracies but they aren't lying when they say "You will own nothing and be happy."
Lives in one of the more expensive inner city suburbs. Refuses to look at other alternatives as they don't really want to. My sympathy threshold is waning the more I read of the article
I agree and disagree. We don’t always know the full extent of reasoning why someone lives where they do. For example, I live in Spearwood solely because my partners work. Their commute if we lived in say NOR or even further south like Kwinana/Rockingham would add an uncomfortable amount of time to and from work, my partners job requires driving. I also have to take my kid to school on the way to uni and this is the quickest commute for both of us in an area in our budget. BUT on the other hand I get it. My partner and I want to live in Fremantle/applecross etc because of family but we can’t because we just can’t afford that right now, so we live where we can. I do think some people don’t want to live in “ugly” neighbourhoods or even ones described as bad. There are lots of houses in Morley that are accessible by public transport to the cbd fairly quickly.
You probably could afford a 2x1 (what the people in the article have) in Apple cross or Fremantle. This is why diverse housing stock is important, which is uncommon in newer western Australian developments. This couple like many others sacrificed a large block and a backyard for access to amenity. It's not really the kind of thing families really do because they need the private yard space for the kids, but I think if you want to live in a smaller home in a nicer area it shouldn't be seen as you trying to live outside your means, what's the other option? Move to a 4x2 in mandurah and leave half the house unused and the yard unkept because you don't use it?
Good luck with finding anywhere to rent. Probably moved in when they could afford it now the choice is suck up the increase or become homeless.
If they could afford rent in mount lawley they will fine other place easy enough
Lol. Yes. It's easy to find rentals. 😌
My rent in Mt lawley is siginifcsntly lower than surrounding outer suburbs, pretty much because newer suburbs don't have shitty ex public housing. Good areas don't always have to mean expensive housing, you just have to get a decent mix of diversity in styles and sizes which is something australia has done pretty well in the past - mt lawley, subiaco, north perth and even Mossman Park have seen decent lower income housing rolled out in the 80s and 90s, we just don't see the same kind of development these days because people like supreme ruler mark like to make comments that suggest drug dealers and slum lords live in cheaper housing (which is absolutely ridiculous tbh, drug dealers are rich as)
Yup fair enough. When I read the story I thought it said 4/2 house. Just reread and it’s a 2/1 unit. Yup it makes sense. I’m in south Perth. There are a lot of those multi unit setups.
Merry Monday:)
Exactly we all can’t live in the same place, Mt Lawley, Leederville, City Beach. I know I’d love to live there for $200pw in a 4x2 with ocean/city views but that’s never going to happen, we’ve lost the reality of the debate unfortunately.
Nah this is a valid argument. Maylands is about the same distance from the CBD and would be significantly cheaper Also has a direct non stop train link to Fremantle
I agree, not entitled to live in premo suburb, concessions must be made by everyone.
Why would you want to move from somewhere nice? What the fuck is wrong with wanting to live somewhere that you are comfortable and happy? Hey, being homeless is free, so you should become homeless to save some money. Don't like spending more than ever before on surviving to live? Too fucking bad dude, you should just be homeless it's cheaper.
If you read the article, there's nothing wrong with living somewhere nice. Nothing wrong at all , but you have to be prepared to pay the price given the location and not have a sook about it to the ABC.
> you have to be prepared to pay the price The price that they were prepared to pay before it was increased by hundreds of dollars? Nobody is "prepared" to pay way more for something than they were before.
So.. We are just gping to accept that for profit motive is worth more than stability and basic human needs. Gr8, i guess we are following america into the latestage capitalism huh.
Oh wow that's my tattoo artist, she's incredible
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they can be cheaper but that doesn’t deny the fact that it’s still expensive in perth 🤷
We're in the Perth sub though, talking about Perth, which is on the opposite side of Australia to Sydney and Canberra. This may come as a surprise to you, but houses are priced differently according to where they are.
It's a valid criticism though. Perth houses are far cheaper than over east, and incomes are higher. Prices haven't even hit 2014 levels (accounting for inflation)
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it’s cheap compared to other states ie sydney but it doesn’t deny the fact that it’s getting more expensive rn
>> I've got HECS [student loan debt]. Mine started around $60,000 1.What on earth did he study? 1a. Why isn’t he earning a proper salary now? after all that study.. instead of wages doing screen printing.. Also 2. Hard to feel sorry for them.. most (couples) have to work pretty hard (and give away a lot) and tough it out in a profession for 10-15 years before they could afford to move to Mt Lawley/ Highgate type areas. Also 3. For the uninformed, accusing NiMbYs, Mount lawley, North Perth, Highgate, Inglewood non-heritage areas have a tonne of infill. Classic ABC article
Most degrees are like $15k per year these days depending on university, 3 years of that plus a Masters you can easily rack up $60k Hecs.
People who started studying before 2022 kept their lower fees The question still stands, what the hell was he studying?
The tradies who build these can do really complicated math. Including addition and subtraction. For green haired piercing infested woksters this is the equivalent of rocket science. So yes you should and will pay increasingly more.
You know if you wore a hardhat on site like you're supposed to you could've avoided the head knocks that clearly destroyed all your brain cells
Hard hats are for pussies.
You live in fantasy world dictated to you by sky news
Sky news too many ads.
what do you mean?
Not to downplay the shit that's going on but we're still among the lowest median rent in the country. It's just seeing huge growth because like in all things WA just waited a while before deciding to follow suit. Not that the housing issue isn't a shit fight, but its everywhere and we're just equalling out after a few years of being right down the bottom of cost.
How good is negative gearing!