Opinion Renters...

GoTheDoggies

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Can you imagine people with a mortgage sulking to the government to save them with 'interest rate controls'.

The greenies & renters are crying for 'rent price controls'.

Scum of the earth, it's called the free market!
 

Alan79

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Can you imagine people with a mortgage sulking to the government to save them with 'interest rate controls'.
Yes, I seem to recall an election being won based partially on the idea that negative gearing would be abolished.

The greenies & renters are crying for 'rent price controls'.

Scum of the earth, it's called the free market!
Fact of the matter is it's somewhat predatory that people with investment properties feel quite ok with passing on their coss to people who can't get loans. I understand that they prefer not to be spending money of their own on their investments. But under the Lib/Nat government we've gone to a situation where rent prices have gone beyond what mortgage payments were not so long ago.
 

Doogie

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Fact of the matter is it's somewhat predatory that people with investment properties feel quite ok with passing on their coss to people who can't get loans. I understand that they prefer not to be spending money of their own on their investments. But under the Lib/Nat government we've gone to a situation where rent prices have gone beyond what mortgage payments were not so long ago.
Negative gearing mate. Its led to a range of flow ons where you can get it done with lower equity and use the negative gearing to fund your investment purchase. Then as rates go up - you pass it onto renters. Add in supply and demand issues - its a mess.

Having said that, saw an interview a few months ago with some dude whinging about the rent he pays in a studio at Paddington. For him, fckng simple, move further west. But for others - yeah its tough.
 

Natboy

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Can you imagine people with a mortgage sulking to the government to save them with 'interest rate controls'.

The greenies & renters are crying for 'rent price controls'.

Scum of the earth, it's called the free market!
They don’t want anyone to work hard or be successful in Australia. It looks sweeter to hand money to “battlers” who choose their lifestyle & where they want to live (I agree with Doogie) & then expect everyone else to prop them up. We do have a socialist communist virtue signaling government that couldn’t run a chook raffle though
 

BELMORE

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Yes, I seem to recall an election being won based partially on the idea that negative gearing would be abolished.



Fact of the matter is it's somewhat predatory that people with investment properties feel quite ok with passing on their coss to people who can't get loans. I understand that they prefer not to be spending money of their own on their investments. But under the Lib/Nat government we've gone to a situation where rent prices have gone beyond what mortgage payments were not so long ago.
You must be a renter based on your generalisations.

People that lease their property out are putting a roof over peoples heads, providing housing for society.
 

Blue_boost

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Very important topic and one that I grapple with on a daily basis.

renters don’t plan for tomorrow, they live hand to mouth, pay cheque to pay cheque.

if a investor owns a property they cancharge whatever they want to rent it out, it’s their property. If the market commands a price, well the renter either pays up or goes somewhere else.

seems to be more and more people who live hand to mouth hence more demand on rental properties, I say for landlords hit them where it hurts, as hard as you can on rent. Dry up their drinking and smoking money. Why not maximise the return on your investment.. landlords don’t buy houses to provide cut price accomodation to others.

I had a renter once who complained about any leaky tap, I went over the fix and the renter was sitting on his arse, beer in hand and had a few friends over. They asked who was fixing the tap, the renter said ahh some bloke I called in to fix.. he acted like he owned the house.. hearing that, then I hit him with a rent increase to show him who’s boss
 
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Mr 95%

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They don’t want anyone to work hard or be successful in Australia. It looks sweeter to hand money to “battlers” who choose their lifestyle & where they want to live (I agree with Doogie) & then expect everyone else to prop them up. We do have a socialist communist virtue signaling government that couldn’t run a chook raffle though
That’s beautiful.. :cry:

Ps..you both are right though..and land tax and capital gains tax is a bitch!
 

Doogie

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That’s beautiful.. :cry:

Ps..you both are right though..and land tax and capital gains tax is a bitch!
Meh - Bong Bong is trolling - not what I said at all.

1st home buyers have to save cold hard cash to get a deposit. Serviceability is based on exactly what you can afford. Investment properties you can use equity to reach your deposit (whether that equity exists or not) and serviceability can be based on some rubbery rental numbers.

System is designed that once your have 1, getting more gets easier thanks to negative gearing. Land tax? $100 on land up to $969k? And CGT is only an issue when you sell. Only 3 countries in the world have unrestricted negative gearing. The US only applies it to lower income earners. not the Bong Bongs of this world.

All these benefits for people to own investment properties, yet bugger all for 1st home buyers. In a system with short housing supply. Makes perfect sense.
 

Mr 95%

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Meh - Bong Bong is trolling - not what I said at all.

1st home buyers have to save cold hard cash to get a deposit. Serviceability is based on exactly what you can afford. Investment properties you can use equity to reach your deposit (whether that equity exists or not) and serviceability can be based on some rubbery rental numbers.

System is designed that once your have 1, getting more gets easier thanks to negative gearing. Land tax? $100 on land up to $969k? And CGT is only an issue when you sell. Only 3 countries in the world have unrestricted negative gearing. The US only applies it to lower income earners. not the Bong Bongs of this world.

All these benefits for people to own investment properties, yet bugger all for 1st home buyers. In a system with short housing supply. Makes perfect sense.
Land tax where I am is huge..

Nonetheless @Natboy was agreeing with the bit about the guy renting in Paddington..
 

dogwhisperer

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Just my personal opinion but if you only own one house and rent it out and sell it you shouldn't be liable for capital gains tax. CGT should only be for those that already own a principal place of residence and choose to buy another property as an investment. I mean in this day an age where property prices are 12 times a persons income a lot of folks live with their parents and rent out their property to stay a float, they shouldn't have to pay CGT when they sell it because they turned it into an investment. It's their only home FFS. I know there is the 6 year rule where you can come back to the house you rented within six years and not be liable for CGT but what if you still can't back to the house because you can't afford the repayments, just silly. One property - No CGT, two properties - then yes CGT.
 

Blue_boost

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I woke up this morning with the sniffles, so to feel warm, I called my real estate agent and said lift the rent on my Tennant by $40 a week. I received confirmation it was done… sniffles gone now :grinning:

Renter tried to hit me back with a leak in the patio claim. That he can’t have dinner out there when it rains. He thinks he’s getting a new patio, bit of silicone, poke in the eye and shut up
 
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Disposable Hero

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Im a renter. Ex Owner.

Been in current house almost 3 years.

In that time the owner has replaced 6 AC units in different rooms of the house.

Replaced half the roof roof was rusted in many areas and leaked when it rained

Fixed leaking walls.

Replaced the stove and oven.

For the forst 18 months we were not getting charged water usage becsuse they had not submitted paperwork

Kind of running out of ideas to make them spend more cash. @blueboost got any ideas?




In return I keep the yard and pool in imacculate condition and fix any little bits and pieces around the house that tradies would charge an arm and a leg to fix.
 

HD and Ink

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Unfortunately in OZ buying a home as a young couple can be so bloody hard.

I get landlords having to pay Xtra cause of interest rates.

BUT there are scummy renters and rat house landlords. I wonder if there should be like a minimum standard...maybe that's not possible idk
 

Blue_boost

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Im a renter. Ex Owner.

Been in current house almost 3 years.

In that time the owner has replaced 6 AC units in different rooms of the house.

Replaced half the roof roof was rusted in many areas and leaked when it rained

Fixed leaking walls.

Replaced the stove and oven.

For the forst 18 months we were not getting charged water usage becsuse they had not submitted paperwork

Kind of running out of ideas to make them spend more cash. @blueboost got any ideas?




In return I keep the yard and pool in imacculate condition and fix any little bits and pieces around the house that tradies would charge an arm and a leg to fix.
I don’t like to side with the devil but because you are a kennel member I will offer some tips. From my read it seems you have not hit too hard on the flooring, but note you are going into the hornets nest here..

I had a tenant complain the carpets make him unable to breathe. He has asthma or something.. so I fitted some industrial carpets, very flat and high durability. Tenant decided to take matters into his own hands, removed the brand new carpet and polished the floors himself. Ol mate did a rough job. So on his way out his bond got gobbledup refitting industrial carpets. I did a katoni staggs on him, (This is my house)
 
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Blue_boost

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Unfortunately in OZ buying a home as a young couple can be so bloody hard.

I get landlords having to pay Xtra cause of interest rates.

BUT there are scummy renters and rat house landlords. I wonder if there should be like a minimum standard...maybe that's not possible idk
sort of true. Maybe 5% bad landlords and a good 75% bad renters.

I learnt my craft from observing Len, a real estate agent who was very tough on renters back in the day. He was often on a current affair strangling renters for non payment, damage or poor upkeep and cleanliness. he was in physical altercations many times and even pinned a renter to a brick wall using his car.

but for all the mayhem, he uncovered their bad habits and keep them paying up
 

BELMORE

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Unfortunately in OZ buying a home as a young couple can be so bloody hard.

I get landlords having to pay Xtra cause of interest rates.

BUT there are scummy renters and rat house landlords. I wonder if there should be like a minimum standard...maybe that's not possible idk
I think a problem is the mindset and approach to buying a house. People have unrealistic expectations and are stubborn.
 

Blue_boost

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I was talking to a young kid I know and his family are well off. He said he had a girlfriend.. I said where does she live.. he said she lives with her parents in Ashfield but they rent.

straight away do you see red flags? If the parents can’t handle their money woukd they instill good habits for their daughter?

should I tell him to punt the girl if the parents rent?
 

GoTheDoggies

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The whole rental housing crisis narrative is becoming so boring, every night on the tv you see some entitled renter moaning either that or the fake news media being a mouth piece for their whinging.
 
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