Are people really getting slugged up to $250 a week rent hikes, or is this Sunday Times reporting at its best?

There saying Burswood and Freo have almost doubled in rent for the past 12 months. Illuka is over the 800 a week mark!

I don't want to get all capitalist/socialist here, but if this is really occuring- this persist of profit at others pain is sickening.

Perhaps the Goverment could look after its population that doesnt have 100k wages and force BHP/RIO/Shell/Woodside to build homes for their workers rather than draining the rental market of properties. People in retail,sales,teachers,police can also need to be able to afford a place to sleep.

P.S I don't have anything against investors, but if you can justify massive rent increases -ie 30% I'm calling you a bit of a dog.

P.S.S. I don't rent.

P.S.S.S - Yes I said dog!

Alot of these stories are written by REIWA or others with a vested interest, because half the newspaper is realestate adds and the other half is builders advertising........... The paper does as it's told and prints the story as a news story.

I didn't buy the paper, but read a similar article on line and most of the comments were calling it as BS.

Did it mention somewhere in the article that with rents being so high and having to live in a tent and house prices so cheap..... NOW IS THE TIME TO BUY?

Underoath said...

Are people really getting slugged up to $250 a week rent hikes, or is this Sunday Times reporting at its best?

There saying Burswood and Freo have almost doubled in rent for the past 12 months. Illuka is over the 800 a week mark!

I don't want to get all capitalist/socialist here, but if this is really occuring- this persist of profit at others pain is sickening.

Perhaps the Goverment could look after its population that doesnt have 100k wages and force BHP/RIO/Shell/Woodside to build homes for their workers rather than draining the rental market of properties. People in retail,sales,teachers,police can also need to be able to afford a place to sleep.

P.S I don't have anything against investors, but if you can justify massive rent increases -ie 30% I'm calling you a bit of a dog.

P.S.S. I don't rent.

P.S.S.S - Yes I said dog!

Really?????? If you have the opportunity to make a max of your assets why not! If your are an investor the only charity you would run is the one where you are the first recipient! Let the gov. give free hand out to queue jumpers! If I sell let say a car for $5000.00 and have a buyer at $ 3500.00 that cry poor and another one that say there.... $ 6000.00 cash should I sell to the first one or take the risk to be called a dog and make a good profit??????

felixdcat said...

Really?????? If you have the opportunity to make a max of your assets why not! If your are an investor the only charity you would run is the one where you are the first recipient! Let the gov. give free hand out to queue jumpers! If I sell let say a car for $5000.00 and have a buyer at $ 3500.00 that cry poor and another one that say there.... $ 6000.00 cash should I sell to the first one or take the risk to be called a dog and make a good profit??????

Just made it clear!!!!!!!

Plenty of investments out there that don't screw the little guy. Bonds/T Bills/Forex/CFD's/dividend paying shares/silver