COVID and the rise in rental prices
Posted by: Bianca 31233679
29th May 2021 03:14pm
I’m genuinely interested in how many people are currently in a rental hardship with the increased rents due to COVID -19 and what you are now doing to help keep the other bills down ? Are you buying specials or in bulk ? Is there any charities or Organizations that offer help in your area that others may not know about and could benefit from too ? I think in these times we must all try to help ! I always do a box of food each week with canned,fresh and frozen items and post on our free suburb page just in case anyone is struggling that week 🙂
Let me know what happens in your area
Let me know what happens in your area
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Comments 13
bj
some of the home owners who rent out space or homes have become rather greedy, with the property not being worth the higher rent
ivory
I buy cheaper brands and only what I need. Our Sallies usually has free bread 1-2 times a week. We have our own chickens and I grow green vegies and herbs, plus have fruit trees. All food is made at home. I walk in place of taking the car when I can. TV is my entertainment. If I need clothes, they come from Op shops! Only get Op shop books and gifts too. Every little bit helps. Fruit and vegie scraps go back into the garden, as do crushed egg shells.
AnxiousOne
My wife and I live in a small town in southern NSW. The population is a bit over 4000. We moved here in 2017, purchasing an ex public housing home. We had stretched ourselves, budget wise, to make the purchase, and for the first year, the repayments were also a stretch.
But with the sharp drop in interest rates, we are now able to make extra repayments! We are very thankful for the drop in interest rates.
During this period, the supply of housing on the market in our town has nearly dried up and neither of the real estate agencies has vacancies for rentals. That’s been the case for the past couple of months.
I don’t know what the situation is with public housing except that there is a lady with two young (school aged) children who lives in the street in public housing. But she is hardly ever there. She leaves her two dogs in the back yard and comes to feed them every couple of days. And they might sleep ‘at home’ twice or thrice in a fortnight. It’s up to her what she does, but if there’s pressure on public housing like there is in the private rental market, then, in my mind, it isn’t right that she is holding a 3 bedroom house and hardly ever using it for its intended job. And that’s to say nothing about the treatment of the animals. Sorry about the rant.
We buy specials and if there are multiple items on markdown, and they can be frozen, then we buy them and use them as we need them. Non-perishable items, such as rice, pulses, I have always bought in bulk. It makes so much more sense, but you have to have the space for storage. And especially at the moment, a way of keeping the mice at bay!
I’m on the lookout for people in my community who might be doing it tough. Whilst I’m not the greatest cook in the world, I haven’t killed anyone with my cooking, so I’m looking out for people who might need a meal cooked or even some biscuits made or a cake baked. People don’t always say that they’re doing it tough. I think that it’s up to other people to notice that something is wrong.
Moochy
The virus is a demon in disguised as it will add to inflation globally and force many billions of people into poverty for the first time.
drums69
no one would need to rent if we had affordable housing! Our Gov has destroyed the dream of everyone owning a home of their own! Investing in housing, they own 10 each the greey pigs. High immigration, just so as to raise the prices of their investments. Negative gearing, so they can avoid paying tax! The whole system is set up tofund the corrupt Gov! I feel sick now, have to go!
drums69
I am homeless and on the streets due to unaffordable housing. I eat foos scrap from bins. I do surveys for coffee and a weekly hot pie! I thank our corruptm Gov for this as they have totally sold us out . Our property, our gas and coal and iron. Damm is the whole cuntry! If i could afford even second hand i'd be happy! Good luck future Gen!
AnxiousOne
My wife and I live in a small town in southern NSW. The population is a bit over 4000. We moved here in 2017, purchasing an ex public housing home. We had stretched ourselves, budget wise, to make the purchase, and for the first year, the repayments were also a stretch.
But with the sharp drop in interest rates, we are now able to make extra repayments! We are very thankful for the drop in interest rates.
During this period, the supply of housing on the market in our town has nearly dried up and neither of the real estate agencies has vacancies for rentals. That’s been the case for the past couple of months.
I don’t know what the situation is with public housing except that there is a lady with two young (school aged) children who lives in the street in public housing. But she is hardly ever there. She leaves her two dogs in the back yard and comes to feed them every couple of days. And they might sleep ‘at home’ twice or thrice in a fortnight. It’s up to her what she does, but if there’s pressure on public housing like there is in the private rental market, then, in my mind, it isn’t right that she is holding a 3 bedroom house and hardly ever using it for its intended job. And that’s to say nothing about the treatment of the animals. Sorry about the rant.
We buy specials and if there are multiple items on markdown, and they can be frozen, then we buy them and use them as we need them. Non-perishable items, such as rice, pulses, I have always bought in bulk. It makes so much more sense, but you have to have the space for storage. And especially at the moment, a way of keeping the mice at bay!
I’m on the lookout for people in my community who might be doing it tough. Whilst I’m not the greatest cook in the world, I haven’t killed anyone with my cooking, so I’m looking out for people who might need a meal cooked or even some biscuits made or a cake baked. People don’t always say that they’re doing it tough. I think that it’s up to other people to notice that something is wrong.
Jezemeg8
I'm fortunate to live in public housing, but I do have many friends who have become homeless because of ever increasing rents since the end of rental protection. Some who have the luxury of owning cars shelter in them, others join the rough sleepers and sleep whereever they can find somewhere sheltered. There's not much sense in them buying anything in bullk as they are unable to store anything for long. Anything perishable must be used immediately and cans of food etc take up necessary space fhat could be used for sleeping or are very heavy to carry in whatever bag the person hs. I meet with my friends when possible in a local park that has free BBQ's, usually at night and we share whatever we have with each other. I am on a single Aged Pension so I can't afford to feed everyone but I can bring a small amount and when we each combine our small amounts it does tend to feed a lot of people!
Bianca 31233679
My mum owns a investment property but hasn’t raised the rent in over 5 years
1. She has amazing tenants that always do the right thing
2. She actually dropped the rent a few years back
She also has a property manager which she pays each Month, i however would assume should this tenant leave the real estate would need to re advertise that alone would boost the rents up by tenants outbidding each other for a price 😔 it’s very hard in Perth at the moment with up to 50 people looking to rent homes that simply aren’t available
38,000 overseas residents came back to Perth since COVID started so this isn’t helping the rental situation
John31614708
This seems to be the trend that suppliers of not just housing but general services as well are hiking up prices to milk the government subsidies.
jjdrer
If you are trying to buy even just a very basic house prices have risen dramatically. That is one of the reasons people aren't buying investment properties to provide affordable rental. To the best of my knowledge the interest rates are more expensive for houses bought as investments. The owners of those also pay Land Tax (Government Tax) which in most cases is more expensive than the council rates.
There is a couple of charities who help people find reasonably priced accommodation, especially those who have escaped domestic violence (usually physical). Some accept furniture, kitchen utensils etc to those who have nothing to start a fresh life with.
AnxiousOne
I’m interested to know what state you are talking about regarding land tax being a higher cost than the council rates. And does that cost depend on city versus rural town housing?
gramonaghan
I live in Bendigo, and the price of rental homes and flats are extremely high. This makes it very hard for people to find accommodation.