I blame Albo for his mass immigration.


https://www.youtube.com/watch?v=ir1oD-1HJCA


200 Melbourne Renters FIGHT for ONE Home — The Footage is DEVASTATING

May 21, 2026

A Melbourne couple offered to pay $27,560 cash upfront. 12 months rent, guaranteed and still got rejected. Six weeks later, the same property relisted at a lower price. That's not fiction.

That's a real, dated, verified post on r/AusPropertyChat. And mate, it gets worse from there.

74 people registered for one inspection in September 2024, giving each applicant a 1.35% chance of getting it. By May 2026, a Victorian property professional posted Instagram footage confirming queues of 100 to 200 applicants per property.

The maths doesn't maths, mate.

Victoria lost 24,716 active rental bonds in a single year — the first decline since records started in 1999. Australian rents climbed 43.9% in five years while wages grew just 17.5%. And you now need a $112,667 salary just to rent a median capital city home without entering stress. Anglicare confirmed 99% of all private rentals are unaffordable on minimum wage.

Yeah, nah... This is absolutely cooked.

And here's the gut punch. Prosper Australia confirmed 31,890 Melbourne homes had zero water use for an entire year. While 24,000 people are homeless and 66,000 sit on the social housing waitlist.

Meanwhile Canada's rental vacancy hit 3.1% in 2025 — they built their way out. Melbourne taxed its way deeper in. Same hemisphere. Completely different planet.

Bobby. wrote on May 21^st, 2026 at 10:27pm:

Meanwhile Canada's rental vacancy hit 3.1% in 2025 — they built their way out. Melbourne taxed its way deeper in. Same hemisphere. Completely different planet.

We increased taxes on ciggies and pre mixed drinks to discourage people from buying them.

When you increase taxes on landlords leftists expect a miracle to happen with property in claiming it wouldn't discourage people from renting homes.

Argentina deregulated property rentals found rents decreased and more properties became available which is the exact opposite of what the Greens want.

Canada didn't build their way out they reduced immigration.

---

Bobby. wrote on May 21^st, 2026 at 10:27pm:

I blame Albo for his mass immigration.

Someone was asking on X (formerly Twitter) a few days ago about who was really behind all of this because we know (or should know by now) that the pollies are just puppets but who is pulling their strings?

The answer of course is big business. I read somewhere a while back that they want something like 100 million people in Australia by the year 2050 which is absolutely ridiculous and totally unsustainable but they don't care because they still believe in the 'perpetual growth fairy' so they can make more and more money.

More and more people living on the streets and in cars, etc. is of no concern to them.

Disgraceful stuff. And, this worst Federal government in history (and that's quite an achievement in itself considering the 'competition' they've had over the last few decades) has to go.

Carl D wrote on May 22^nd, 2026 at 6:52am:

Bobby. wrote on May 21st, 2026 at 10:27pm: I blame Albo for his mass immigration. Someone was asking on X (formerly Twitter) a few days ago about who was really behind all of this because we know (or should know by now) that the pollies are just puppets but who is pulling their strings? The answer of course is big business. I read somewhere a while back that they want something like 100 million people in Australia by the year 2050 which is absolutely ridiculous and totally unsustainable but they don't care because they still believe in the 'perpetual growth fairy' so they can make more and more money. More and more people living on the streets and in cars, etc. is of no concern to them. Disgraceful stuff. And, this worst Federal government in history (and that's quite an achievement in itself considering the 'competition' they've had over the last few decades) has to go.

I'd believe 50 million by 2050.

Albo admits he is going to allow another 250,000 by this time next year.

I don't trust him -
he wants a million by then.   >:(

Ai. Which party do renter vote for ?

Labor has traditionally been the preferred major party for renters, with polling showing 35% support among renters in a 2025 YouGov survey, and 41% voting for Labor in 2019 according to the Australian National University’s election study.

The Greens have been gaining ground, particularly in inner-city areas with high renter populations like Brisbane and Sydney, where issues such as rent capping and affordable housing have driven swings to the party.  However, a January 2025 poll indicated the Greens had 22% support among renters, still trailing Labor and even the Coalition (26%) on that measure



Renter mostly vote for Labor's (and coalition's) anti Renter's BIG Australia.
You get what you sow.
I blame Renters.

Albo should be put on trial for destroying Australia.   >:(



https://m3.gab.com/media_attachments/90/11/40/9011403401c2886791393b3092e802c2.png

Albo stands on the shoulders of past mobs : Morrison, Turnbull, Abbott, Gillard, Rudd, Howard Keating, etc.

Alongside leaders of industry.

Attacking the head, will only have another head take over.

Bobby, you should be calling for a revolution, Russia 1917 style.

Ai_Took_Our_Jobs wrote on May 22^nd, 2026 at 8:11am:

Albo stands on the shoulders of past mobs : Morrison, Turnbull, Abbott, Gillard, Rudd, Howard Keating, etc. Alongside leaders of industry. Attacking the head, will only have another head take over. Bobby, you should be calling for a revolution, Russia 1917 style.

There were two of them that year, ask AI which one?

My money's on Bobby choosing an October style one.

Bobby. wrote on May 21^st, 2026 at 10:27pm:

I blame Albo for his mass immigration. https://www.youtube.com/watch?v=ir1oD-1HJCA 200 Melbourne Renters FIGHT for ONE Home — The Footage is DEVASTATING May 21, 2026 A Melbourne couple offered to pay $27,560 cash upfront. 12 months rent, guaranteed and still got rejected. Six weeks later, the same property relisted at a lower price. That's not fiction. That's a real, dated, verified post on r/AusPropertyChat. And mate, it gets worse from there. 74 people registered for one inspection in September 2024, giving each applicant a 1.35% chance of getting it. By May 2026, a Victorian property professional posted Instagram footage confirming queues of 100 to 200 applicants per property. The maths doesn't maths, mate. Victoria lost 24,716 active rental bonds in a single year — the first decline since records started in 1999. Australian rents climbed 43.9% in five years while wages grew just 17.5%. And you now need a $112,667 salary just to rent a median capital city home without entering stress. Anglicare confirmed 99% of all private rentals are unaffordable on minimum wage. Yeah, nah... This is absolutely cooked. And here's the gut punch. Prosper Australia confirmed 31,890 Melbourne homes had zero water use for an entire year. While 24,000 people are homeless and 66,000 sit on the social housing waitlist. Meanwhile Canada's rental vacancy hit 3.1% in 2025 — they built their way out. Melbourne taxed its way deeper in. Same hemisphere. Completely different planet.

So, I knew it was a problem for at least 2-3 years!
Where hubby works are a lot of gen in their 20s, and constantly I’ve heard the problems trying to get rental! And one young 24 year old with a couple other mates, found a rental unit over $700 so they share rent as it’s too much for just one.
Yesterday, hubby came back telling me another 21 year old guy in the workshop, finally got a rental unit and he says to hubby “Guess how long this unit was empty for!”
Hubby replies “I dunno, 5 years?”

The guy answers “Seventeen years! Owned by Chinese whom used to come to stay over from China 2 weeks a year!”

And I thought, oh yes, that new exorbitant empty house tax that slugs foreign owners more so!
And about 15-20 years ago when hubby worked with a guy, for a cement company in port Melbourne, they both drove in together, early morning. It was pointed out, all those high rise apartments always dark, because they were empty.
Whether it was foreign owned or just bad investments that no one wanted, who really knows except the tax dept!

I see a lot of rental properties being sold as landlords get out of rental market, so these are being snapped up quick by couples buying as a home.
I’m astounded how quick properties are selling!
Real estate agents must be making a bonza!
So these are ex rentals off the rental market, narrowing the margin of rentals available.

We have one rental property left, up in the northern Gold Coast, we want to keep it as such because we can’t get a pension, so this is our safety net.
But it’s tempting to sell because, it’s now worth over $1 million!
And I can get 5% = $50,000 per annum!
Rather than $36,000 rental minus rates, insurance, repairs, agent fees etc.
So I’m kind of confused what to do next.
I waited to hear about the budget but it won’t affect us that much. Otherwise I would’ve stuck it on the market pronto!

What worries me, is interest rates could plummet like they did not that long ago, so any money on term deposit earns sfa.
Hence why we hadn’t sold the place to now.
So this is another reason why rentals are being sold.
As interest rates take hikes, it’s better money making on term deposit rather than renting.
It’s a maths game!
Just wanted to share my thinking on it all so it’s better understood why the housing market moves or not moves the way it does.

I will re-evaluate by this time next year which way to go with this. I have an inkling, wstching the growth rate, that it could be worth between $1.1 and $1.2 million by this time next year.
What’s the inkling about interest rates? I bet it goes up again!

Watch this space!

Bank deposits are unsecured loan to the banks. The banks don't have to pay these loans back. If a black swan even occurs, the banks could use all these loans to keep themselves afloat.

If the banks don't collapse, the government guarantee doesn't kick in. Probably they would issue shares as pay pack. Hypothetically, if a second wave from that black swan event took out the banking sector, you are not covered by the government guarantee.

Plus the size of the guarantee would mean only cents in the dollar compensation.

So many people are ignorant to how risky banks are , and the compensation banks offer for taking such a great risk with your cash is them taking everyone as fools.

The inability to fund interest on perpetually growing debt suggests a global collapse of the financial system is due anytime.

Ai_Took_Our_Jobs wrote on May 22^nd, 2026 at 10:12am:

My money's on Bobby choosing an October style one.

Then tactical formula is as follows:
Instead of a chaotic, popular uprising, the revolutionaries should systematically capture modern equivalent of vital infrastructure, including "railways, telegraph stations, bridges, and power plants" to insure bloodless coup.

Incredible stuff indeed.

https://x.com/purplepingers/status/2057419482570576148

However, perhaps "unbelievable stuff" is more like it?

https://x.com/trickyidnego/status/2057422812567273575


Quote:

Thats the fattest $2 rent rise ive ever seen

And, I'm betting there's many more.

---

Ai_Took_Our_Jobs wrote on May 22^nd, 2026 at 8:11am:

Albo stands on the shoulders of past mobs : Morrison, Turnbull, Abbott, Gillard, Rudd, Howard Keating, etc. Alongside leaders of industry. Attacking the head, will only have another head take over. Bobby, you should be calling for a revolution, Russia 1917 style.

No - I don't want to see any revolution -

I just want to see those responsible for the chaos we now face to be put on trial.

Albo is like Basil Fawlty overbooking the hotel rooms - but deliberately.  >:(

Ai_Took_Our_Jobs wrote on May 22^nd, 2026 at 10:38am:

Bank deposits are unsecured loan to the banks. The banks don't have to pay these loans back. If a black swan even occurs, the banks could use all these loans to keep themselves afloat. If the banks don't collapse, the government guarantee doesn't kick in. Probably they would issue shares as pay pack. Hypothetically, if a second wave from that black swan event took out the banking sector, you are not covered by the government guarantee. Plus the size of the guarantee would mean only cents in the dollar compensation. So many people are ignorant to how risky banks are , and the compensation banks offer for taking such a great risk with your cash is them taking everyone as fools. The inability to fund interest on perpetually growing debt suggests a global collapse of the financial system is due anytime.

If I recall, correct me if I’m wrong, but there is a guarantee for up to $250,000
Which means, we mustn’t put all our eggs into one basket.

Divide and conquer.

Carl D wrote on May 22^nd, 2026 at 12:14pm:

Incredible stuff indeed. https://x.com/purplepingers/status/2057419482570576148 However, perhaps "unbelievable stuff" is more like it? https://x.com/trickyidnego/status/2057422812567273575 Quote: Thats the fattest $2 rent rise ive ever seen And, I'm betting there's many more.

What's wrong with that? Do you even know what's going on?

Gordon wrote on May 22^nd, 2026 at 4:05pm:

What's wrong with that? Do you even know what's going on?

Something else that's incredible - you apparently don't see anything wrong with it.

Are you a "landlord" by any chance? (God, that name really needs to be removed from the English language).

Carl D wrote on May 22^nd, 2026 at 4:09pm:

Gordon wrote on May 22nd, 2026 at 4:05pm: What's wrong with that? Do you even know what's going on? Something else that's incredible - you apparently don't see anything wrong with it. Are you a "landlord" by any chance? (God, that name really needs to be removed from the English language).

It's a 4 bedroom house, neat as a pin a few streets from the water, priced appropriately for the market.

So, exactly what sort of justification can you see for the rent almost doubling from $440 to $850 a week in the space of two months?

Carl D wrote on May 22^nd, 2026 at 4:16pm:

So, exactly what sort of justification can you see for the rent almost doubling from $440 to $850 a week in the space of two months?

So a lucky renter is going to get a great property at half the going market rate for 2 months. Bargain! Now go do some research and see what commensurate properties rent for.

Yes, the comment has been made on the X thread that they're probably trying to suck in some tenants with the $440 a week "starter" rent before it goes up to $850.

Something else that needs to be added to the list of things that should be illegal when it comes to dealing with scumbag real estate agents (that's all of them, by the way).

Carl D wrote on May 22^nd, 2026 at 4:23pm:

Yes, the comment has been made on the X thread that they're probably trying to suck in some tenants with the $440 a week "starter" rent before it goes up to $850. Something else that needs to be added to the list of things that should be illegal when it comes to dealing with scumbag real estate agents (that's all of them, by the way).

You're really not very bright when it comes to property. Obviously the rent of $440 is grandfathered in from a previous tenant who is leaving, probably a break lease situation and that rate is obviously a very old rate.

But what we do know is the tenant is the winner because they are getting a saving of $410 a week, they are also paying only $1760 in bond rather than $3400

30 seconds of research shows $850 per week for that property is bang on market price. But that doesn't satisfy you, you want Fidel to be your sugar daddy and the property to be free.

I just had a sticky beak at that house! It’s actually cheap for the size and where it’s located.
Looking at the street and houses around it, all lovely big houses. No riff raff there!

See this house, when we visit kids in peninsula, I love sticky beaking at OFIs and it sold just recently for under $1.6 mill but rented immediately after fir $1,100 per week!
I couldn’t believe it!
Nowhere near walking distance to water.
It’s about a 8 minute drive. Traffic is ridiculous.
I saw a beautiful home with sea views for under $1,000 per week.
How this one in the burbs got that much astounded me.
Some are desperate! I saw 3 different cars and found our it’s a shared accommodation.
So for a big house with a pool and rent split 3 ways … it beats being in a small couped up unit for $580 a week!
Anyway that’s the way the ball rolls now.

https://www.marshallwhite.com.au/property/15-aquarius-court-mornington-1816162

Gordon wrote on May 22^nd, 2026 at 4:45pm:

Carl D wrote on May 22nd, 2026 at 4:23pm: Yes, the comment has been made on the X thread that they're probably trying to suck in some tenants with the $440 a week "starter" rent before it goes up to $850. Something else that needs to be added to the list of things that should be illegal when it comes to dealing with scumbag real estate agents (that's all of them, by the way). You're really not very bright when it comes to property. Obviously the rent of $440 is grandfathered in from a previous tenant who is leaving, probably a break lease situation and that rate is obviously a very old rate. But what we do know is the tenant is the winner because they are getting a saving of $410 a week, they are also paying only $1760 in bond rather than $3400 30 seconds of research shows $850 per week for that property is bang on market price. But that doesn't satisfy you, you want Fidel to be your sugar daddy and the property to be free.

Yeah, you're probably right there, Gordon.

To be perfectly honest I really don't care because none of this affects me in any way whatsoever but you have to admit there is just something so darn entertaining about watching all the land"lords", scumbag real estate agents and the media endlessly screeching like banshees since Budget night.

Makes one think the government might be finally doing something right for a change.  :-/

For example, the sheer amount of Budget BS that's been printed in The West Australian since Budget night from editors, sub editors, various reporters, "guest" columnists and letters to the Editor is mind-boggling.

You could probably fertilize your lawn for several years with all of it.

And they're still going on about it in today's paper with TWO full double page page stories and more letters to the Editor. Unbelievable.

Someone should make a TV soap opera out of all this - it would definitely be much more entertaining than the Donald Trump - Iran boring soap opera that's still running.

Carl D wrote on May 23^rd, 2026 at 10:40am:

Gordon wrote on May 22nd, 2026 at 4:45pm: Carl D wrote on May 22nd, 2026 at 4:23pm: Yes, the comment has been made on the X thread that they're probably trying to suck in some tenants with the $440 a week "starter" rent before it goes up to $850. Something else that needs to be added to the list of things that should be illegal when it comes to dealing with scumbag real estate agents (that's all of them, by the way). You're really not very bright when it comes to property. Obviously the rent of $440 is grandfathered in from a previous tenant who is leaving, probably a break lease situation and that rate is obviously a very old rate. But what we do know is the tenant is the winner because they are getting a saving of $410 a week, they are also paying only $1760 in bond rather than $3400 30 seconds of research shows $850 per week for that property is bang on market price. But that doesn't satisfy you, you want Fidel to be your sugar daddy and the property to be free. Yeah, you're probably right there, Gordon. To be perfectly honest I really don't care because none of this affects me in any way whatsoever but you have to admit there is just something so darn entertaining about watching all the land"lords", scumbag real estate agents and the media endlessly screeching like banshees since Budget night.

Yes, there is  :)

Remember back in the '80s and '90s when everyone was talking about how many properties they owned?

Just regular working people.

It's all they could talk about, at every dinner party and BBQ.

My wife and I lost a few friends over that - they were boring us to death.

We owned one crappy little house in Kooyong Rd, and we were happy.

"Look at my white pants"   ;D

https://www.youtube.com/watch?v=VGm267O04a8

Hey, Greg.

Have you been to the IGA in Kooyong Rd. (near Francisco St.) lately?

It's having some major renovations done at the moment, they've nearly finished and it looks great.

They've also moved everything around and it takes me a while to find things when I go in there now.

Carl D wrote on May 23^rd, 2026 at 12:17pm:

Hey, Greg. Have you been to the IGA in Kooyong Rd. (near Francisco St.) lately? It's having some major renovations done at the moment, they've nearly finished and it looks great. They've also moved everything around and it takes me a while to find things when I go in there now.

Haven't been there for years.

I drive nearby quite a lot - down Francisco Street and through the roundabout, but haven't stopped at any of the shops for a very long time.

I might check it out next week.

What a surprise. Not.

https://x.com/purplepingers/status/2058041720219287645 (May need to click the little speaker icon at the bottom for sound).


Quote:

How real estate agents are getting around the new Victorian laws about the rental application form

"Real Estate Agents are explicitly the laziest most dodgy like unscrupulous individuals on the face of this planet"

;D

Carl D wrote on May 23^rd, 2026 at 3:54pm:

What a surprise. Not. https://x.com/purplepingers/status/2058041720219287645 (May need to click the little speaker icon at the bottom for sound). Quote: How real estate agents are getting around the new Victorian laws about the rental application form "Real Estate Agents are explicitly the laziest most dodgy like unscrupulous individuals on the face of this planet" ;D

Can't argue with that.

I had to deal with one just after mum died, and I thought I'd give him the benefit of the doubt.

I went in all optimistic and friendly and gave him so much more information than was requested and helped him well above & beyond what a normal person would.

At the end of the process, he ghosted me and didn't even give me a simple "thank you".

He turned out to be a massive ...

https://www.youtube.com/watch?v=VGm267O04a8

I have to say though, there are a few good ones out there.

I've met this couple a few times and they are quite honest and are nice people to deal with:

https://bastonandco.com/contact/

https://bastonandco.com/meet-the-team/

99.9% of real estate agents are arseholes though.

Well, not sure what auction clearance is for interstate, but it’s dropped for Victoria, below 60%.
That means not selling, since tax rules are changing since budget announcement RE: CGT etc.
That means, less investors, less rentals on the market.
Let’s see how much further this can go.

Sophia wrote on May 23^rd, 2026 at 7:35pm:

Well, not sure what auction clearance is for interstate, but it’s dropped for Victoria, below 60%. That means not selling, since tax rules are changing since budget announcement RE: CGT etc. That means, less investors, less rentals on the market. Let’s see how much further this can go.

That means more homes for people to buy which isn't a bad thing - pay off their own mortgage instead of someone else's (and having nothing to show for it at the end of their tenancy).

Trouble is, if they can't afford to rent these days then they probably also can't afford to buy.

The next thing on the government's 'to do' list should be to do something about all of these Airbnbs which make a significant number of homes unavailable to buy or rent and usually sit empty for a large part of the year.

Unsurprisingly, the Airbnb CEO isn't too happy about that. (Paywalled but you'll get the idea).

Carl D wrote on May 23^rd, 2026 at 8:12pm:

Sophia wrote on May 23rd, 2026 at 7:35pm: Well, not sure what auction clearance is for interstate, but it’s dropped for Victoria, below 60%. That means not selling, since tax rules are changing since budget announcement RE: CGT etc. That means, less investors, less rentals on the market. Let’s see how much further this can go. That means more homes for people to buy which isn't a bad thing - pay off their own mortgage instead of someone else's (and having nothing to show for it at the end of their tenancy). Trouble is, if they can't afford to rent these days then they probably also can't afford to buy. The next thing on the government's 'to do' list should be to do something about all of these Airbnbs which make a significant number of homes unavailable to buy or rent and usually sit empty for a large part of the year. Unsurprisingly, the Airbnb CEO isn't too happy about that. (Paywalled but you'll get the idea).

That’s the sad situation. I wished I read that more young couples/families bought more houses now they’re available, but the other sore truth is, the banks/lenders have made getting loans difficult.
It’s a catch 22.

Perhaps there may a cloud with a silver lining …. but not yet.
If clearance rates at auctions keep dropping in % and being passed in, then it will be advertised as “price drop”
But how much drop before banks offer loans to home buyers?

There may be a glut of homes on the markets as a precipe to recession but again that’s not immediate.

If houses don’t sell, and rental properties are at a minimal, then the properties not selling can either sell below market value, or rent at current market value and wait.

But the crux of the whole point is….. banks won’t lend money so easily like they used to.
My son and his wife, both working, were given a hard time to borrow $550K
Both own their own vehicles, son had $50K in savings. His wife had $30K in savings.
Both had a good record for past as paying rent on time etc.
I was so astounded to see them so stressed as to almost being refused a loan.
So how bad is it for anyone else wanting to be home owners.

I’ve come to the peninsula to see the kids, we drive around and see for sale signs from weeks ago but no sale.
Just months ago places were selling faster.
Hmmmm…..I will keep reporting on my inklings.

More valid points, parents can go guarantor for loans but only 20% I believe.
I recall some horrid stories of past when parents go guarantor for most of the loan.
Then, there’s a new trend ~ bank of mum and dad.
And yes, we’ve helped our kids out. The times millennials gen are in are difficult financially and I don’t like they have to wait till we are dead and gone before getting anything under grief.
I’d feel guilty seeing them struggle. We struggled too when younger, but it was a different struggle.