Australian Politics Forum - 200 renters apply for one place

Baronvonrort

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Re: 200 renters apply for one place - Melbourne.
Reply #45 - Yesterday at 4:06pm

Sophia wrote on May 23^rd, 2026 at 8:47pm:

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.

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.

Home ownership dream is gone for the younger generation homes are too expensive without an inheritance or help from relatives it's not going to happen.

If your son and his wife lived in Sydney they would be lucky to find a 1 bedroom unit in western Sydney for $550K.
It wouldn't buy a bedsit within 15 km of the CBD.

If they wanted a 2br unit they would need $1 million if they wanted a house average price is over $1.6 million.

If you were single you would need to be on $300K + a year to qualify for a loan for a house in western Sydney

If you're on $300K + a year you're in the top tax bracket homes are out of reach unless you want to live in Rooty Hill which shows how dire it is for wealthier young people..

With Albo taxing landlords there will be fewer rental properties supply and demand will see rents increasing.

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Bobby.

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Re: 200 renters apply for one place - Melbourne.
Reply #46 - Yesterday at 4:09pm

Dnarever wrote Yesterday at 12:55pm:

No doubt there are some good ones but I also ran into a bad one. He lied about what I would get for the house I was selling, I thought he was exagurating by about 20K but it turned out to be around $50K.

He then tried every trick in the book including trying to get me to sugn the contract with the valuation space left blank. Trying to force an auction because they are paid up front sale or not. I would get home from work and find his business card on the table saying he had shown the house, one day I was home in bed after a night shift when I heard the door open and the alarm turned off. I was concerned for the visitors but the alarm was imediately turned back on and he left. When I woke hs card was on the table saying that he had shown the house. I wasn't desperate to sell and was only tempted because the price he quoted was attractive enough to find out. Sold about 3 years later.

They also advertise that places are wonderful and ready to move in now when
in fact they are not fit for human habitation:
blocked sewers, mold, water leaks, electricity and gas not connected so
you can't test any appliances - most appliances are faulty.

Then you get places were the foundations are gone - bricks falling out -
total bulldozer jobs but they want the full price that
other owners charge with everything OK and they won't do a deal for anything less.

You can waste a whole year every weekend visiting such places -
totally misled by false advertising.
Many real estate agents have no shame - no morals - they're ultimate grifters.

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greggerypeccary

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Re: 200 renters apply for one place - Melbourne.
Reply #47 - Yesterday at 4:13pm

Bobby. wrote Yesterday at 4:09pm:

Dnarever wrote Yesterday at 12:55pm:

No doubt there are some good ones but I also ran into a bad one. He lied about what I would get for the house I was selling, I thought he was exagurating by about 20K but it turned out to be around $50K.

He then tried every trick in the book including trying to get me to sugn the contract with the valuation space left blank. Trying to force an auction because they are paid up front sale or not. I would get home from work and find his business card on the table saying he had shown the house, one day I was home in bed after a night shift when I heard the door open and the alarm turned off. I was concerned for the visitors but the alarm was imediately turned back on and he left. When I woke hs card was on the table saying that he had shown the house. I wasn't desperate to sell and was only tempted because the price he quoted was attractive enough to find out. Sold about 3 years later.

They also advertise that places are wonderful and ready to move in now when
in fact they are not fit for human habitation:
blocked sewers, mold, water leaks, electricity and gas not connected so
you can't test any appliances - most appliances are faulty.

Then you get places were the foundations are gone - bricks falling out -
total bulldozer jobs but they want the full price that
other owners charge with everything OK and they won't do a deal for anything less.

You can waste a whole year every weekend visiting such places -
totally misled by false advertising.
Many real estate agents have no shame - no morals - they're ultimate grifters.

Not just many - most.

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Bobby.

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Re: 200 renters apply for one place - Melbourne.
Reply #48 - Yesterday at 4:38pm

greggerypeccary wrote Yesterday at 4:13pm:

Bobby. wrote Yesterday at 4:09pm:

They also advertise that places are wonderful and ready to move in now when
in fact they are not fit for human habitation:
blocked sewers, mold, water leaks, electricity and gas not connected so
you can't test any appliances - most appliances are faulty.

Then you get places were the foundations are gone - bricks falling out -
total bulldozer jobs but they want the full price that
other owners charge with everything OK and they won't do a deal for anything less.

You can waste a whole year every weekend visiting such places -
totally misled by false advertising.
Many real estate agents have no shame - no morals - they're ultimate grifters.

Not just many - most.

Never trust a word they say -

never trust their advertising and pictures.

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Leroy

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Re: 200 renters apply for one place - Melbourne.
Reply #49 - Yesterday at 5:02pm

Bobby. wrote Yesterday at 4:38pm:

greggerypeccary wrote Yesterday at 4:13pm:

Bobby. wrote Yesterday at 4:09pm:

They also advertise that places are wonderful and ready to move in now when
in fact they are not fit for human habitation:
blocked sewers, mold, water leaks, electricity and gas not connected so
you can't test any appliances - most appliances are faulty.

Then you get places were the foundations are gone - bricks falling out -
total bulldozer jobs but they want the full price that
other owners charge with everything OK and they won't do a deal for anything less.

You can waste a whole year every weekend visiting such places -
totally misled by false advertising.
Many real estate agents have no shame - no morals - they're ultimate grifters.

Not just many - most.

Never trust a word they say -

never trust their advertising and pictures.

Who actually relies on advertising and salesmen for advice. Could anyone be that lazy.

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Fareed Zakaria defined the term as "hatred of President Trump so intense that it impairs people's judgment"

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Bobby.

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Re: 200 renters apply for one place - Melbourne.
Reply #50 - Yesterday at 5:05pm

Leroy wrote Yesterday at 5:02pm:

Bobby. wrote Yesterday at 4:38pm:

greggerypeccary wrote Yesterday at 4:13pm:

Bobby. wrote Yesterday at 4:09pm:

They also advertise that places are wonderful and ready to move in now when
in fact they are not fit for human habitation:
blocked sewers, mold, water leaks, electricity and gas not connected so
you can't test any appliances - most appliances are faulty.

Then you get places were the foundations are gone - bricks falling out -
total bulldozer jobs but they want the full price that
other owners charge with everything OK and they won't do a deal for anything less.

You can waste a whole year every weekend visiting such places -
totally misled by false advertising.
Many real estate agents have no shame - no morals - they're ultimate grifters.

Not just many - most.

Never trust a word they say -

never trust their advertising and pictures.

Who actually relies on advertising and salesmen for advice. Could anyone be that lazy.

I did when I was young and foolish. Embarrassed

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Sophia

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Re: 200 renters apply for one place - Melbourne.
Reply #51 - Yesterday at 6:18pm

Bobby. wrote Yesterday at 4:38pm:

greggerypeccary wrote Yesterday at 4:13pm:

Bobby. wrote Yesterday at 4:09pm:

They also advertise that places are wonderful and ready to move in now when
in fact they are not fit for human habitation:
blocked sewers, mold, water leaks, electricity and gas not connected so
you can't test any appliances - most appliances are faulty.

Then you get places were the foundations are gone - bricks falling out -
total bulldozer jobs but they want the full price that
other owners charge with everything OK and they won't do a deal for anything less.

You can waste a whole year every weekend visiting such places -
totally misled by false advertising.
Many real estate agents have no shame - no morals - they're ultimate grifters.

Not just many - most.

Never trust a word they say -

never trust their advertising and pictures.

I cannot stand (and I pick it every time) when wide angle lens are used to take photos to stretch it out to make rooms look bigger!

None should ever make the mistake thinking RE Agents can be a friend.
They play for both sides (seller and buyer) but mainly play for themselves.
Overpaid to show where rooms are in house etc
Way too much $$$

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Milton Friedman

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Gordon

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Re: 200 renters apply for one place - Melbourne.
Reply #52 - Yesterday at 6:43pm

Sophia wrote Yesterday at 6:18pm:

Bobby. wrote Yesterday at 4:38pm:

greggerypeccary wrote Yesterday at 4:13pm:

Bobby. wrote Yesterday at 4:09pm:

They also advertise that places are wonderful and ready to move in now when
in fact they are not fit for human habitation:
blocked sewers, mold, water leaks, electricity and gas not connected so
you can't test any appliances - most appliances are faulty.

Then you get places were the foundations are gone - bricks falling out -
total bulldozer jobs but they want the full price that
other owners charge with everything OK and they won't do a deal for anything less.

You can waste a whole year every weekend visiting such places -
totally misled by false advertising.
Many real estate agents have no shame - no morals - they're ultimate grifters.

Not just many - most.

Never trust a word they say -

never trust their advertising and pictures.

I cannot stand (and I pick it every time) when wide angle lens are used to take photos to stretch it out to make rooms look bigger!

None should ever make the mistake thinking RE Agents can be a friend.
They play for both sides (seller and buyer) but mainly play for themselves.
Overpaid to show where rooms are in house etc
Way too much $$$

Floor plans are your friend.

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Sophia Gold Member Offline Posts: 9673	Re: 200 renters apply for one place - Melbourne. Reply #53 - Yesterday at 8:26pm Quote: Floor plans are your friend. Absolutely Gordon! It’s good now that pictures include floor plans and I find I usually look at floor plan before I look at pictures!
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Bobby.

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Re: 200 renters apply for one place - Melbourne.
Reply #54 - Yesterday at 8:29pm

Sophia wrote Yesterday at 6:18pm:

I cannot stand (and I pick it every time) when wide angle lens are used to take photos to stretch it out to make rooms look bigger!

None should ever make the mistake thinking RE Agents can be a friend.
They play for both sides (seller and buyer) but mainly play for themselves.
Overpaid to show where rooms are in house etc
Way too much $$$

They even replace awful lawns with a perfect Photoshop lawn. Grin

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Sophia

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Re: 200 renters apply for one place - Melbourne.
Reply #55 - Yesterday at 9:17pm

Bobby. wrote Yesterday at 8:29pm:

Sophia wrote Yesterday at 6:18pm:

I cannot stand (and I pick it every time) when wide angle lens are used to take photos to stretch it out to make rooms look bigger!

None should ever make the mistake thinking RE Agents can be a friend.
They play for both sides (seller and buyer) but mainly play for themselves.
Overpaid to show where rooms are in house etc
Way too much $$$

They even replace awful lawns with a perfect Photoshop lawn. Grin

And clone out powerlines too!

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If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.

Milton Friedman

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Bobby.

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Re: 200 renters apply for one place - Melbourne.
Reply #56 - Yesterday at 9:20pm

Sophia wrote Yesterday at 9:17pm:

Bobby. wrote Yesterday at 8:29pm:

Sophia wrote Yesterday at 6:18pm:

I cannot stand (and I pick it every time) when wide angle lens are used to take photos to stretch it out to make rooms look bigger!

None should ever make the mistake thinking RE Agents can be a friend.
They play for both sides (seller and buyer) but mainly play for themselves.
Overpaid to show where rooms are in house etc
Way too much $$$

They even replace awful lawns with a perfect Photoshop lawn. Grin

And clone out powerlines too!

And add a picture to a TV screen. Grin

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Bobby. Gold Member Online Australian Politics Posts: 119890 Melbourne Gender:	Re: 200 renters apply for one place - Melbourne. Reply #57 - Yesterday at 11:09pm The party is over - property investors are putting rents up:
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