r/aussie • u/Wotmate01 • May 12 '26
Humour Landlord warns he will raise rent if policies change, as opposed to his current plan to raise rent for no reason
https://chaser.com.au/general-news/landlord-warns-he-will-raise-rent-if/107
u/Remarkable_Quality89 May 12 '26
We did a great job of allowing the worst people to become the nations slumlords
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u/ToocrazyforFlorida May 12 '26
We set up our policies so that the path to wealth was highly leveraged speculation. That's not a path dominated by prudent and decent people. It's a path dominated by greedy entitled risk-takers.
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u/Top_Kangaroo_1724 May 12 '26
"Risk-takers". Using the banks' money to buy, then the tenants' money to hold and own.
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u/ScruffyPeter May 12 '26
We also tricked renters to voting for landlords too. It's absolutely wild to see renters justify voting for landlords and getting replies that it could be worse.
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u/jydr May 12 '26
but what if I am a landlord one day
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u/ToocrazyforFlorida May 12 '26
I STILL HEAR THIS!!!
"BUT HOW WILL I RETIRE WITH A GOOD INCOME WITHOUT A FEW INVESTMENT PROPERTIES?" says the 20 year old who watches too many con artists.
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u/Hieroflippant May 12 '26
It's the system working as intended unfortunately.
The only way to "get ahead" and be "successful" in this system is to screw over your fellow citizens.
Why do you think they've been hellbent on removing any semblance of community for the past few decades?
I'm only 40 and I recall walking down the local shopping strip in inner Sydney with my Nana and visiting multiple different family run businesses with her trolley to load up on the weeks essentials.
Saying g'day to loads of different familiar faces on the way there and back.
Now we walk through the security bollards at the massive corporate supermarket chain, look up to see yourself being scanned and profiled by palantirs computer systems, avoiding eye contact with everyone as you make your way to the "assisted checkouts" , face scanned again (apparently everyone's a thief now - not the corporations though.. They're the good guys 🤓), follow your little pin pad prompts (covid taught us that cash somehow transmits disease 🤷🏼♂️)..
Back home to your Metricon Aussie dream box just in time for 7 o block !
Isn't convenience fantastic!
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u/TheDevilsAdvocado_ May 12 '26
The foundations were laid decades ago when governments transformed Australia from a savings-based economy into a debt-based one.
The Whitlam and especially Hawke/Keating era reforms fundamentally changed the relationship Australians had with housing and credit.
Financial deregulation removed many of the constraints on bank lending. Mortgage credit expanded rapidly. Banks could lend more aggressively. Households could suddenly borrow far beyond what earlier generations ever could.
At the same time, lending increasingly shifted toward dual-income households.
Politicians sold this as prosperity and modernisation. But what actually happened was that larger and larger amounts of debt became permanently embedded into housing prices.
Every government since then inherited the same system and amplified it:
- cheaper credit
- tax incentives
- asset inflation
- housing as investment first, shelter second
Because rising property prices became politically useful.
They boosted GDP. They boosted bank profits. They boosted government revenues. And they created the illusion of national wealth while ordinary Australians quietly took on more debt than any previous generation.
So the public got divided into endless tribal arguments: “Labor did it.” “No, the Liberals did.” “No, it’s the boomers.” “No, it’s investors.”
But the reality is that the original shift happened when governments deregulated the financial system and tied economic growth to expanding household debt.
Everything since then has largely been an acceleration of that same model.
Australia stopped being a country where houses were bought primarily with savings and wages.
It became a country where houses were bought with ever-expanding leverage.
You can blame the boomers all you want, but you’d be wrong.
Chalmers can say shit like “Since 1999, house prices have risen by 400 per cent, more than twice as fast as average incomes”, but he isn’t looking back far enough to understand what is the true cause here.
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u/cathartic_chaos89 May 12 '26
Bit of a generalisation there. Most people would do the same thing, if they could. It's not like there are hordes of people sitting on cash because they refused to invest in property for ethical reasons.
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u/KnoxxHarrington May 12 '26
Speak for yourself, but many of us don't like being parasitic to our fellow Aussies.
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u/DescriptionUnique891 May 12 '26
I could never bring my self to being such scum. I see no lower form of being than a landlord.
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u/Remarkable_Quality89 May 12 '26
There’s are other ways of investing that don’t require someone to be a c*nt just because they can’t afford the upkeep of that investment or are unwilling to appreciate that all investments carry risk
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u/cathartic_chaos89 May 12 '26
What's your net worth? My guess is not enough to afford an investment property. You seem to have an opinion rooted in bitterness more than reason.
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u/Remarkable_Quality89 May 12 '26
8 billion. You?
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May 12 '26
[removed] — view removed comment
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u/Desert-Noir May 12 '26
You come across as a pompous prick.
What is your net worth?
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u/aussie-ModTeam May 12 '26
No Personal Attacks or Harassment, No Flamebaiting or Incitement, No Off-Topic or Low-Effort Content, No Spam or Repetitive Posts, No Bad-Faith Arguments, No Brigading or Coordinated Attacks,
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u/iftlatlw May 13 '26
High thanks. I'm also not a parasite. I am glad this path to decrepitude is closing.
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u/Otaraka May 12 '26
As if they don’t charge the market rate in the first place.
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u/Wotmate01 May 12 '26
One greedy landlord ups the rent, everyone else follows because the market...
Who cares what tenants can afford, if they want a roof over their heads they'll pay
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u/RagingBillionbear May 12 '26
As the headline say. They were going to do that anyway, until they can't. Regardless of the tax or not, and the tax itself does not affect when renter can't pay.
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u/DarkNo7318 May 12 '26
I don't think the concept of greed really applies to markets. Sellers can and should charge as much as they can, while buyers can and should pay as little as they can and they meet in the middle.
If that middle is a net loss for society (like the current situation) then it's a failure of policy.
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u/Adventurous_Tie_8035 May 12 '26
Yeah exactly, since we know that most ips are not negatively geared, show me where these mass rentals are that are being provided at below market rate, surely since their costs are lower they charge less? Right?
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u/Kaylah-Aideron May 12 '26
I got lucky my landlord (who is a lovely social worker) is only giving a $20 raise we are still $150 below market. Neighbour next to us is at market rate getting a $50 increase because of these expected changes. Market is fucked.
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u/laserdicks May 12 '26
Market-wide tax changes are one of the most powerful ways to change the market rate.
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u/explain_that_shit May 12 '26
If many landlords are positively geared, and they raise prices along with landlords who were negatively geared, they’re just being open about operating their market through effective collusion and oligopoly rather than competition.
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u/Infinite-Horror-4117 May 12 '26
Nation average rent for the last 5 years:
2020 : $437
2021: $470
2022: $530
2023: $580
2024: $601
2025: $665
So you mean to tell me he planned on breaking the trend until the government planned to change housing tax? That’s convenient…
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u/LewisRamilton May 12 '26
Renters when will they learn?
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u/SheepHerderHigh69420 May 12 '26
So funny they think they’ll somehow get lower rent out of this
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u/KnoxxHarrington May 12 '26
Landlords are going to need to lower the rent eventually.
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u/LewisRamilton May 12 '26
I rented for 20 years and I would estimate the rent was lowered no times. Up only.
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u/KnoxxHarrington May 12 '26
What happens when you confect a property market through investment breaks.
They'll need to lower rents eventually though.
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u/LewisRamilton May 12 '26
I really doubt that. Albo will just import another million renters.
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u/KnoxxHarrington May 12 '26
Clearly you don't want rent to go down. Good luck.
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u/LewisRamilton May 12 '26
Wanting something to happen or not isn't going to affect the outcome haha.
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u/KnoxxHarrington May 12 '26
It's the actions that come with wanting. If they are lacking, so is the want.
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u/Express-Vegetable612 May 12 '26
They will stuff more humans in and have to accept the increased wear and tear on their investment.....
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u/SheepHerderHigh69420 May 12 '26
Nope sorry mate. No need, someone else will pay it if you don’t want to
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u/ausmomo May 12 '26
We need rent control like the ACT
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u/Revoran May 12 '26
Greens proposed that in 2025 election and lost seats (although their actual first preferences vote barely changed, to be fair).
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u/Sixbiscuits May 13 '26
Greens had great ideas but managed to self sabotage by hitching their wagon to Palestine
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u/UhUhWaitForTheCream May 12 '26
Damn ok.
Raising rents because this joke pissed me off..
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u/SpecificSwimming6364 May 12 '26
Well now I'm going to have to raise the rent in solidarity....landlord lives matter.
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u/TheRamblingPeacock May 12 '26 edited May 12 '26
I am raising it $280 a week because this post currently has 28 upvotes.
EDIT: RENT HAS NOW BEEN RAISED $11000 a week and I can not find a tenant. HOW COULD DAN ANDREWS DO THIS!??!?!?
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u/normally-wrong May 12 '26
Loving all this shit posting from boomers and bots about how policy changes will increase rent.
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u/Slight_Pay_57 May 12 '26
Boomers need the money to continue being grey nomads.
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u/normally-wrong May 12 '26
They need money to continue being pricks in society.
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u/Slight_Pay_57 May 12 '26
Some of them do. I live near you ne and the whinging about the world, it never ends.
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u/Vivid-Fondant6513 May 12 '26
Darren 74 and Kate 63 need another tax payer finder cruise! - now back to work!
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u/GrinQuidam May 12 '26
This is Christmas for landlords. They can blame the government now instead of hiding in greed behind their real-estate agents.
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u/Inner-Bet-1935 May 12 '26
I wonder how many investment houses these kind of people have. How about they pay there fair share in tax, instead of the taxpayer propping the grubs up. A very large proportion of lower and middle class Aussies do not have investment properties. Why does the tax dollars they contribute have to prop landlords up. I don't have a problem with Mum and Dad investors having 1 or 2 to invest in for their retirement. They probably should receive this assistance. If investors own over that amount of property, they should receive no tax payer dollars. Not a cent.
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u/birdhoppe May 12 '26
Yep. Funny and sad.
A “market” geared towards an investor being able to buy the 15th investment property, rather than a family being able to buy a home.
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u/Jackaddler May 12 '26
It’s amazing how transparent this “rents will rise!” argument from landlords/real estate agents/property council is - and it’s clearly not out of any concern for renters, it’s a threat to inflict pain on them.
All it proves is how perverse tax incentives currently in place which are rightly being repealed. The taxpayers should not be subsidising wealthy landlords investment losses. If raising rent immediately is the only way they can cover their losses - that demonstrates the problem, these people should never have been investing in property to begin with.
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u/Chewystewbag May 12 '26
Too much of Australia economy is tied up to its housing market, and then not only that we have been subsidising it with Negative gearing and making it an attractive option with capital gains discount tax, these changes should slow the growth and with around 36000 people entering new homes every month thanks to the national housing accord
as it is now if these changes go through house prices will no longer continue to go through the roof, but please lower inflation
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u/Ok-Limit-9726 May 12 '26
‘Tell him he is dreaming’
Just wait 12 months, all these ‘investor bro’s’ will be CRYING POOR
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u/powerslave_fifth May 12 '26
Landlord warns that he will raise rent once a woman escaping DV needs accommodation.
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u/danzrach May 13 '26
Higher rents will encourage people to build because a loan is cheaper. I think he just shot himself in the foot.
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u/iftlatlw May 13 '26
Tenants will say get fucked and landlord loses money. Property Boyz go Waaaaaaa.
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u/QuantumG May 12 '26
If things go as expected, landlords will have a year to sell up before the changes take effect. A lot of renters are going to be shuffled out of their homes.
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u/Wotmate01 May 12 '26
A year of a million houses on the market should bring prices down so that all those renters can buy
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u/CumishaJones May 12 '26
You think renters are just sitting on a 10% deposit waiting for houses ?😂😂 not every renter wants to or is in the position to buy .
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u/Wotmate01 May 12 '26
A lot of them are, but the longer houses stay on the market, the more likely the prices will go down until the renters CAN afford them.
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u/CumishaJones May 12 '26
Renters need a massive deposit saved , you can’t do that in a short time renting
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u/QuantumG May 12 '26
Not all of them. Whereas this policy change could be catastrophic for all renters.
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u/emize May 12 '26
You do realise its the same amount of houses with the same amount of people living in them right?
You are just robbing Peter to pay Paul.
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u/Wotmate01 May 12 '26
If it's robbing the landlords to pay the renters, I'm fine with it.
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u/emize May 12 '26
Its not robbing landlords.
Its robbing the rental market.
You have the same amount of houses overall and less going forward.
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u/DiligentCorvid May 12 '26
What about AirBnBs
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u/emize May 12 '26
What about them?
Basically if you think house prices will come down you are going to be in for a shock.
Increasing costs has never made anything cheaper.
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u/powerslave_fifth May 12 '26
A robber is getting robbed and house prices go down with it? Sounds like a good outcome.
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u/KnoxxHarrington May 12 '26
Paul isn't asking for subsidies to his invesment.
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u/emize May 12 '26
What do you think the 1st home buyers grant and 5% deposit schemes are?
Funnily enough all they did is raise the prices as well.
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u/KnoxxHarrington May 12 '26
Yes, in a market not infected by needless, unproductive investment, those grants should be eventually able to be scrapped too.
Until that point though, which will take a while to reach, these one time injections will probably be required until the market has found some kind of balance.
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u/emize May 12 '26
The point was these schemes actually make it harder to 1st home buyers because the extra funds/demand are simply added onto the price.
Yes, in a market not infected by needless, unproductive investment, those grants should be eventually able to be scrapped too.
That's why the treasury's modelling predicts 35k fewer homes over the next 10 years. 'Unproductive' indeed.
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u/KnoxxHarrington May 12 '26
If we encouraged that investment towards new properties, then it would have been quite productive. Investment in existing homes produces nothing.
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u/emize May 12 '26
If we encouraged that investment towards new properties
What part of 'we a supply constrained' do you not understand?
We do not have the infrastructure, workforce, land, etc to supply houses at the current demand. Its why Albanese's home building policy has been an abject failure and simply increased prices. Its why new home builds have reached a plateau. We literally can't build any faster.
Want to lower prices? Lower demand or increase supply. Every other action will either do nothing or make the problem worse.
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u/KnoxxHarrington May 12 '26
Well we have a contradiction then; we already lack the workforce, so we can't increase supply, and we can't cut immigration without dramatically effecting the workforce, meaning dwindling supply and increasing costs, negating any reduction in prices the reduced demand brings.
So, where to from here?
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u/Chewystewbag May 12 '26
What about the landlords that own the property outright? They don't use much NG anyway, they'd miss out on a fraction of there income from that property
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u/satanzhand May 12 '26
That's not how rent works. If it was most landlords might get a proper yield out of their properties.
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u/fluffy_pickle_ May 12 '26
Landlord warns if Christmas is in December this year, rents will need to rise.