Hi, I'm Sam Hawley, coming to you from Gadigal Land. This is ABC News Daily. If you rent or know anyone who does rent, you'd know costs are soaring and there's barely anything on the market. That's apart from in the Airbnb world where there are tens of thousands of properties ready for short term lease. So how did we get to this point and how do we get out of it? Today, the ABC 7p.m. News finance guy, Alan Kohler, on how successive governments ruined the golden era of housing.
Well you call it a problem, I think, you know, I think it probably is a problem. I mean, I went onto REA the other day, the REA website looked at how many places you can do a sort of just a general search.Yeah that's right. There are 53,000 places to rent and the number of Airbnb's and the number of short term rentals is a bit hard. Harder to pin down because there are a lot of short term rentals and always have been. Of course there's nothing new about it.
Samantha Hawley: It's a lot. And I gather they're choosing Airbnb landlords because they can make more money.I think that's the main reason. I just did an experiment for a two bedroom apartment in Paddington. What would it cost to rent on a lease? And the answer seems to be about $1,500 a week for a two bedroom place in Paddington. And I looked on Airbnb for the same sort of thing, and it was $3,500 a week.
If you rent or know anyone who does, you would know costs are soaring and there's barely anything on the market, while the wait for public housing can be more than a decade. Meanwhile, the Airbnb and holiday rental world is booming, where there are tens of thousands of properties ready for short-term lease.Today, the ABC news finance guy, Alan Kohler, on how successive governments ruined the golden era of housing.Alan Kohler, ABC news finance presenter and founder, Eureka Report and The Constant Investor
Not without a complete clean out of all current sitting federal politicians.
What on earth does that mean? The solution to our housing/rental crisis is to massively reduce immigration. Everything else will be an ineffectual patch-up.
Not without substantial supply chain and labour reform
Anyone want to discuss recent heritage overlays of complete suburbs based on some tossers dream ? Maintenance, insurance, approvals costs all skyrocket on rundown homes that were once cheap & unwanted.
Not if we keep importing millions of immigrants every couple of years
Nope
Federal Government need to tie housing to funding to States + Councils who underfund then put their hands out for $ .
NO and NOT NEEDED STOP destroying the country with endless urban sprawl
You're supposed to be the journalists, if you were any good, you'd tell us.
1. Create a rental crisis 2. Say that only Multi Nationals can solve the problem 3. Taxpayers fund the Multi Nationals 4. A Homeowners tax to pay for the rental builds 5. Cheaper to rent than buy 6. Multi Nationals own everything You will own nothing and be happy.
With the out-and-out cowards of Albo's government delivering everything business lobby groups demand? No. Unaffordable 💩box apartments in the sky is the future for Australian families with Lib/Lab/Grns all under the spell of neolib 'big Australia'.
If we cancel the $368000000000 subs and use just $50 billion on housing... absolutely guaranteed YES
Loving the government-funded media tag. Suits you
Hilarious
Not without a gutsy government So no
LMAO! No way Investors are more valuable to decision makers. Because they're investors themselves