2 ms·
Sydney and Melbourne have similar housing bubbles and vacancy rates, despite having extremely oppressive tenant laws.
by plantain 10y ago
Sydney and Melbourne have similar housing bubbles and vacancy rates, despite having extremely oppressive tenant laws.
- somecallitblues 10y agoWhat laws? Home owners can charge whatever rent they want, evict you with a few weeks notice without giving any reason for it, raise the rent as much as they want etc. There's no affordable housing in either of the cities. Investors are hoarding properties and claiming negative gearing and locking first home buyers out of the market. Renters need better protection in Australia if the government is unwilling to do anything about the negative gearing and housing market, which they said they won't do anything about. After all they're paying off these assholes' properties. Edit: good analysis in this podcast if you're interested http://www.abc.net.au/radionational/programs/bigideas/2016-11-07/7997896 http://www.abc.net.au/radionational/programs/bigideas/2016-1...
- Johnythree 10y agoMelbourne will soon have a Vacant house tax as well. http://www.theage.com.au/victoria/vacant-property-tax-expected-to-raise-80m-in-push-to-increase-housing-affordability-20170305-gur4zn.html http://www.theage.com.au/victoria/vacant-property-tax-expect...
- toomanybeersies 10y agoIt is possible to have similar symptoms but a different core issue, especially when comparing 2 countries with very different regulations.