Percentage of Australians who rent

Ok, wow..... we definately not cutting the mustard in Oz

 

It seems to me tennants want housing security. ie they can stay as long as it suits them but can leave if they wish on short notice. Difficult for owner to evict them.

For being a landlord to be cost effective. Tennants will need to start to pay for the service they expect

 

I have one tenant who has been in for 13 years and enjoyed multiple rent rises. I thought that was a fair while but a guy in another thread knew of a tenant who had stayed 80 plus years! This was in the UK.

 

One of my mates has lived in a shack in Ipswich for 40 years, rents have kept up somewhat but he treats as his own, and LL has pretty much said do whatever you want. He's heavily invested in crypto for years and could buy the shack 10x over, but likes the arrangement.

 

i disagree with this. Most landlords want tenants in there, for long term esp if they are good tenants

out of all my tenants i have kicked one out (because wasnt paying rent), and 20+ more have moved out of their own accord

Only rubbish news outlets like the ABC post the sob story where a greedy landlord kicked tenant X out and then increased the rent by 50%

 

I totally agree. Tenants have a good deal generally. If they behave like decent citizens should then many landlords will be happy to accommodate. The word "landlord' should be "land servant" really!

 

I have offered all
My tenants an option for 24 months and on leases .

In over a decade in numerous places no one has ever said yes.

although can we do a 6 months lease comes up more often than not.

houses units east vs west no difference.

 

I literally have a number of these across my desk at work just in my little pocket of metro perth. And I work part time. My colleague has similar.

 

uhmm I wasn't even a teen in the 70s, so definitely can't remember.

 

You may not kick them out but the point is there is no "guarantee" of longer term tenure in Australia.

I am in my second 4 year rental contract in Barcelona. The owner (a company) cannot ask me to leave in that 4 years, but I can give 2 months notice after the 1st year. In the second contract the rent went up exactly 10%, although the rental market had gone up +25%. When I moved in there were no light fittings, curtain fittings or toilet seats. I had to install all. In Germany it is common to install a whole kitchen, the flat comes without one. Renters in Europe are truly "long term", and sometimes pass down the property to the next generation.

Switzerland the rules are even stronger for tenants (Spain is seen as more "free market"... like the UK). There I rented for 9 years and the rent only went up once, 5%, with written justification of why it went up (heating fuel costs). I could never be evicted unless I didn't pay the rent, or the owner could prove they needed the property for their own family. Again I could leave anytime with 3 months notice, or request a rental decrease (officially assessed) if there was a justification like interest rates going down (that never happened).

 

They would probably say yes if they were not tied to the 24 months and could give 3 months notice to vacate (but you can´t)

 

Exactly, couldn't agree more!

 

So all the security without the any risk.

The new laws Introduced in NSW give the Tenanat a slap on the wrist if they break contract.

I feel the tenants now have more power than the owners.

 

None of that had any relevance to what you said earlier in thread.

Lay off the sky news.

 

Same here.
In 30yrs no one has ever taken a lease more than 12 mths. They all say they want "flexibiity" when queried.

 

Rent control is another initiative I've heard of (NYC). It think it's intended to create diversity, so it's not uncommon to hear of bus drivers living across the hall from multi millionaires, paying peanuts for apartments that would rent for thousands of dollars a week on the free market. Back in the day there were also whole buildings that were only allowed to be rented to actors and artists to attract creative types. Not sure if that's still a thing.

It's weird that such an ultra-capitalist city / country to have such socialist-like schemes.

It's great though, it creates such a vibrant city.

 

What you are saying is that the tenant has all the power (leave whenever they want, minimal/no rent increases). What other industry would have such a one sided contract? Can you imagine i fi go to the supermarket and dictate that the price of meat cannot go up by more than 5% otherwise i need written justification??

As many have said here they offer their tenants more than 12 month leases but noone takes it up

More govt intervention = more disasters in the market

NY is a bit of a ********, for a city with such a large tax base from their high networth industries/individuals they are still in financial difficulty and now i see they want to raise their state taxes again. Its absurd for rent controls to create such big price discrepancies and causes unintenteded side effects such as the owner creating other "incentives" for long term tenants to leave so that they can charge a market rent (e.g. making big noises in the building, renovations, refusing to fix items / maintenance)

You wouldnt want the government dictating how much a plumber could charge for their services, why do people advocate for the government dictating how much a landlord can charge for rent

 

I saw an example of this online over the weekend. US is not blanket capitalist any more - each state or city can be as woke or conservative as whoever is its mayor/governor.

 

Yes that's right, that's how it is, rent still goes up but some controls, tenant can get out of lease, owner cannot.
In Australia tenants are locked into the lease so don't want more than 12 months. Would be different if they could give notice.

So yeah, being a tenant is not as attractive in Australia as it in Europe (EU), there are pros and cons but not really a disaster, good for me since I rent and like the security, but I would never let out permanently the two properties I own in Spain because of the loss of control. I only rent them out to tourists or on a monthly basis maximum 11 months.

Every country is different though I only know about Spain, UK (more like Australia), Switzerland, Germany.