Lucky Luke
Well-Known Member
Rents gone crazy to.Bought my first house for 455k about 8 years ago. Shit little old fibro place with a nice big yard. Would be worth well over 1million now in land value alone. Bought my 2nd place in Jan this year for 800k. The neighbours sold 2 doors down and their place is one bedroom and one bathroom smaller than my place and has a single car garage and mine has a double and they got 1.3million.
It's just fucking ridiculous.
I work in construction and 27% of every new residential buildings built in Australia are bought by the Chinese. Something not right there!!!
We are starting to see homelessness in my town. Not the normal type who chose to be homeless but working people and their family.
Rents are not only becoming rediculess in cost but when 50 or more people are applying for each vacant property it's just not sustainable.