WELCOME TO AFFORDABLE RENTALS BRISBANE

YOU ARE INVITED TO BROWSE AS LONG AS YOU LIKE. In this blog we will write articles about the Social Security System and those issues, that affects people that rent, and also those that own properties for rent. We hope that our articles will help them understand the situation better. L S H.

Sunday, September 17, 2023

Housing problems discussions.

WELCOME TO BRISBANE AFFORDABLE RENTALS, YOU ARE INVITED. In this blog, we will discuss rental problems that we may incounter when renting, and the problems of running affordable rentals. We will also discuss, what the government can do to help the renters pay their rent, and the property owners run a better service to the renting community. 
Anyhow, we believe that the government Social Security System, can help both the people that are renting and the property owners. They should give more rent assistance to peple on low income that are renting, and they should abollish or modify the assets test on active rental properties, if they want the rental market stand on its own, so, to speak. For this reason, we are writing several articles, where we will talk about the rental problems and the Social Security System. 



Yes today in Australia is hard to find a house or units for rent. It is hard to understand the reasons why this is happening, so, we are looking for the reasons why this is happening and writing these discussions to explain what we think is happening 

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Welcome to our article, housing problems discussion   

Dear readers, as I have said, I have been writing several articles about this rental crisis in Australia, and I have suggested a few things, but I do not know if what I am doing is helping, because there is no feedback, all I know is some people read them.  

Anyhow, I will continue to write more articles, at least I know I have done my best to help solve the situation, because it is only through people views and discussion that most problems are solved. In this article we will review what we have said and talk about what we see happening.

One of the things that is worrying me is that there are properties that end up in the wrong hands, one of which is foreign ownership. Look what I found in the net, (and I quote).

The daily mail 20 July 2023

How Chinese buyers are snapping up Australian properties at the rate of $6million a day.

Story by Stephen Johnson, Economics Reporter For Daily Mail Australia • Yesterday 1:49 pm

  • Chinese spend $2.4billion a year on Australian property 
  • Australia top choice for Chinese real estate buyers

Chinese buyers are snapping up real estate spending more than $6million a day, with Australia an even more popular market than Canada, the United Kingdom or the U.S.

New Treasury figures show the Chinese spent $2.4billion on Australian residential real estate in 2021-22, with investment surging in the following financial year. (Shortened article)

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On another article.

Chinese buyers return and cause tension at auctions across Australia as they outbid locals, says real estate expert. Here's why they are buying up homes down under

Story by Olivia Day For Daily Mail Australia.

  • Auctioneer said Chinese investors are back on property scene
  • He said local buyers felt 'resentment' towards Chinese buyers
  • Chinese buyers spending up to $8million on Aussie real estate 

A top auctioneer says Chinese buyers have returned to Australia's property market and are causing tension at auctions as they outbid locals.

And then.

One Nation Leader Pauline has raised concerns about the impact migration and foreign investors have on Australia, saying it’s hard for Australians to “buy their own home”. 

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Now let me tell you about my views on this foreign ownership. I believe that Australia does not need them, because what they do is drive the price of real estate up. They also do not seem to care if their rental properties are vacant. So, they are here because they have too much cash in their country, and they want to transfer it to Australia to keep it safe and avoid taxes. In this case it would be good if the Australian government taxes them, with a tax that applies to foreign ownership, at least they could recuperate some of the damage they are doing to the economy.

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Other things affecting rentals.

We have talked about the Chinese investors, that buy rental properties for their own benefit, but there are many other things that need to be assessed, like what is being done to fix the rental problem, and is it the right thing to do, so, let us see what is happening, and report what we find here. (And I quote)  

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Greens Senator Janet Rice says the government is only going to provide a “tiny drop in the bucket” by building only 30,000 homes in the next five years.

“We want to see an outcome,” Ms Rice told Sky News Australia.

“We’ve got 750,000 people on public and affordable housing waiting lists around the country.

“What the government’s proposing is only going to provide 30,000 houses over the next five years – tiny drop in the bucket of what’s required.” (End of quote)

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My reaction to that is. Okay Senator Janet Rice, we agree with you 100% that what they are going to build is not enough to solve the rental problem, but your party is making it harder even to do that, and with you scare tactics you are making it even worse, look at what else is happening. (And I quote)

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  • Aussie investors 'over it' as they bow out of the property market
  • Queensland sales of investor-owned property have ballooned

Property investors in one state are 'over it' as they bow out of the market in droves amid rising interest rates and higher land taxes.

Sales of Queensland investor-owned property increased to almost a third of all homes sold in June, according to PropTrack research. 

It comes as owners across Australia face skyrocketing property taxes and rental price cap speculation - adding pressure to their high mortgage repayments.

Sales of owner-investor properties in Queensland grew by eight per cent in just one month - up to 29.5 per cent of all house sales, higher than other state.  (End of quote).

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I must say that, after seeing what is happening in the rental market, as I have reported above, I believe that things are getting worse. And the Greens party is making it hard to fix, with their short sightedness, they want only to help the have not, even if they make the small investors become have not, with their unworkable policies.   

Anyhow, my view is that to solve this problem, all Australian sectors must try to work together, we do not need foreign ownership to control the Australian rental market, and the politicians must make sure that that does not happen.

So, it would be wiser to try to reconcile the differences and keep the rental market as it has been in the past, in   if it has worked for a very long time in the past, and it will continue to work in the future. Here I must add that, if the politicians want affordable rentals for the homeless at affordable cost, they must make sure that the landlords, can run their properties at an affordable cost, that guarantees some earning at the end, nobody can run properties at a loss. Therefore, they must not charge levies that the landlords find hard to pay. I hope I have explained myself clear enough.

I could say many other things, but I believe that this article is becoming too long for today readers, so, see you in our next article,  Australia rental problem review.  

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