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'Nothing short of horrifying': Rental affordability in Australia the worst it's ever been, report says (www.abc.net.au)

submitted 6 months ago by [email protected] to c/[email protected]

6 comments fedilink hide all child comments

In short: The 2024 Anglicare Australia Rental Affordability Snapshot has recorded its lowest ever amount of affordable rentals across the country.

Its annual report, released today, shows the number of affordable rentals available for different Australian households on low incomes.

The report has found housing availability has not recovered since the start of the COVID-19 pandemic – with average rents $200 a week higher than pre-pandemic levels.

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[–] [email protected] 26 points 6 months ago* (last edited 6 months ago) (2 children)

Let's incentivise foreign real estate ownership and multiple property owners... Nothing can go wrong here...

Sorry for the rant...

[–] [email protected] 11 points 6 months ago

More than real estate ownership: real estate speculation as an investment strategy

[–] [email protected] 4 points 6 months ago

What proportion of properties actually have foreign owners and how many of those are vacant?

I see people point at this all the time but I never see numbers. I feel like the financialisation of housing, negative gearing, capital gains discounting, and underminding of public housing being more than enough to completely fuck shit on their own.

[–] [email protected] 9 points 6 months ago

Rent got high enough it matched the interest on a loan for me… so now I’m a home owner.

Understandably not everyone is in that position but I hope we can boost home ownership rates or we’re in for a very bad time.

[–] [email protected] 5 points 6 months ago

I don’t know why that would be the case. We’ve been giving the landlords everything they want. Are you telling me that landlords will just keep on increasing the cost of housing because they can? Surely not /s.

[–] [email protected] 2 points 6 months ago

We dont build homes to house people, we don't grow food to feed people. We don't generate electricity to cool or warm people.

If you have no money you starve, are homeless and shiver to death in a cold spell... or you're a "criminal" and every election reinforces that with who we elect.

There are zero answers here within the orthodoxy of neo liberal economics and politics.