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New data reveals thousands of Australians who own 10 rentals or more
(www.abc.net.au)
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this post was submitted on 16 Oct 2024
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My partner and I find ourselves in a very similar situation to the couple listed at the end of the article. Ever saving every cent only to have the goal posts pushed further and further back. And then our landlord decides to jack the rent up for our current place every 12 months by absurd amounts because "its what the market says". Bull fucking shit you greedy fucks.
But what are our other options? Move out into whoop whoop away from all of our friends, family and work? Aim lower and get a place that we don't fit in? What do we do?
Or even if we get approved for a mortgage, it will be with us until we are 70 based on interest rates and stagnant wages. I feel hopeless and at the whims of those that only want my hard earned money.
This is how I found out the "rental reviews" the department of justice does in Victoria are an absolute joke. If everyone colludes to raise rents by 20-30% 2 years in a row (as they did), then you're shit out of luck.
They even use advertised listings in their calculations, which is an even bigger joke.
Canberra are the only ones (that I know of) who have something vaguely okay. 2% above inflation per year. No more.
Absolute joke of a "strong" housing market we find ourselves...