MO_90

Following on from the Perth housing crisis thread, where is the best place for a family emigrating to Australia to move to?

I've had my heart set on Perth but trying to find somewhere to rent seems like a total mission.

What other towns and cities have a better market?

Adelaide, Brisbane then Melbourne would be my second, third and fourth choice but I've not done any research on their rental markets.

the troubadour

While Perth has shown to be the worst in finding a rental, my understanding is that no city is easy. A degree of luck will be required everywhere. I don't think anyone can answer your question with any degree of certainty with regards to the easiest city to rent. It would possibly be the ones where the least number of immigrants are going to.
It is not only immigrants causing the difficulty of course. International students returning in huge numbers further complicate the situation. It is simply hard for everyone, everywhere at the moment. This does question just why the government continues with its turbo immigration policy in times of housing shortage.

Beoz

I have a newly built granny flat nearly ready to go in Sydney. But I am going to charge through the nose for it. Why because I can and I am about to jump off the fixed mortgage cliff. Sorry but that's the way of the world at the moment in this high inflationary environment.

Moses2013

I remember your first post and you said you are not looking to be financially better off and want a better quality of life, I suppose you would just need to bite the bullet as this is the way the market is.
The others are right and it's no different across the globe if you want to live near a major city. Those who say different are usually home owners who aren't aware of the current challenges or don't have a rental budget. You could replace the headline with any first world country and these days it's a blessing to have decent affordable accommodation.
Record immigration, nowhere to live. Welcome to ...... rent crisis
https://www.afr.com/policy/economy/r...0230331-p5cwzbThe situation is even worse in smaller capital cities such as Adelaide and Perth, where fewer than 1 in every 200 rental properties were vacant in February.

But the crisis facing renters, with few vacancies and rapidly rising prices, didn’t arise overnight. It’s the inevitable consequence of what happens when high, and rising, demand collides with limited supply. That, in turn, is the result of decades of policy failure and inaction across all levels of government. It took the pandemic, with its resulting inflation outbreak and flood of immigration, to bring it to a head.

It’s a problem being felt around the world. But in this country it is happening alongside forecasts for chronic underbuilding, property prices that have increased so rapidly that an entire generation of Australians believe home ownership is out of reach, and a system that treats property as just another asset class, favouring landlords at the expense of renters.

Finding a way out of this big squeeze won’t be easy.

Beoz

Recession?

Moses2013

Even a recession probably won't help and all it really means is that 4 people will be willing to share a 1 or 2 bed apartment.
The article now seems to be behind paywall, but the solution was house share and offer to pay a higher rent than the landlord was asking for.

MO_90

I feel immune to any crisis as I have a nice home in the UK a couple of years from being paid off which is why I was shocked when I read about Australia's housing issue. I now totally understand it.
I live in Scotland which isn't experiencing any mining or immigration boom, our economy is just ticking along, the high demand for houses and price increase has cooled down.

Anyway, I have always fancied moving from the UK to Australia or Canada. The WA Government adverts asking for 30000 Brits to move over seems like a bit of a farce. Where are these people going to live if the locals are struggling?
There are a lot of expensive hoops to jump through for skilled workers and reading up on the rental crisis is killing any desire for me to make the move.

Moses2013

That's the problem and the government are not bothered about individuals and their aim is to fill as many positions asap. Apparently 2 billion people or a quarter of the world's population, now lives in conflict-affected areas so it's very easy to sell the dream when people have nothing to lose. They know housing shortages are an issue in all developed countries and many young people will never own a home, so still easy to sell the dream and no farce to them. You've already achieved more than the majority of people will achieve in a lifetime and understandable why you are shocked. It's no different for me now and we were lucky to buy our home when prices were very low. Coming from a low cost area can also be a problem and suddenly you realise that what you've achieved in a lifetime would just be the deposit for a property elsewhere.

Beoz

I guess you need to figure out if comfortability in staying in a place with minimal mortgage is better than an adventurer. The bottom line is you will.find a place to live, you may just have to pay. The flipside is if there is a worker shortage you should be expected to pay handsomely. Supply and demand for both.

Amazulu

You should ask our wonderful premier, Marky McGowan this very question - I'm sure you can find his email address online somewhere!

At the same time ask our wonderful socialist Prime Minister, Airbus Albanese about his immigration program that's on steroids - into a country with virtually no available rental properties

Agree that it's a farce

MO_90

I have 2 daughters under 10, otherwise I would be over there already taking the risk. It's good for kids to step out of their comfort zones but I think this would be a step too far

Beoz

What risk are you referring to? Do you mean finding a place to live? I just looked on http://realestate.com.au and there are tonnes of places to rent in Perth. Took a quick peak around where I live in Sydney and despite of the media hype, again, tonnes of places to rent.

I recall when I first did this stint in Australia, back in 2011, the rental market was perceived as tight then too as the world climbed out of the global financial crisis and rents were climbing. You would turn up to view a property and there would be 50 others. The thing was most weren't applying and you could easily bump the competition with a decent job, age, family, and maybe an offer above the advertised rate. By the time you get your ducks in a row and get on the plane we will be in a recession anyway and the government will be sending interests rates to the floor to get us out of trouble, and landlords will be dumping prices just to find tenants.

scotty9000

Regarding the WA Brit Recruitment campaign,

It is commonplace in Australia to oversell the virtues of a product or plan, to a much greater extent than is legal or normal in the UK. For example you might see an ad on tv telling you that having nutella on toast is a healthy breakfast for kids. Caveat Emptor.

the troubadour

Whole country pretty stuffed. Government seems to be under the control of vested interests. Immigration is a farce. One only needs to observe just how 'productive' some of our migrants and International students are in the Inner City. Talking of International students, we are being taken for a ride there as well. Student visa holders have increased from 315,949 at the end of 2021 to 585,647 as of Feb 23. That's a 85% increase over 14 months.
Most are not here for the very 'average' education , but the carrot of PR. Many seeking then to sponsor family members and the rot goes on. All political parties support this turbo immigration attack on living standards.
We have a total inept government in WA. Mostly the media seems to support the present government and refuse to uncover what is going on. A person of some consequence here in Perth, suggested WA is the most corrupt state in Australia. I've no reason to doubt their assertion , A shame we don't have the investigative journalism of some other countries who will tackle the hard matters.

the troubadour

Don't see it being any sense of the word an adventurer to pay the rip off rents (where salaries fail to compensate for the most part) in what has become a very money grabbing country with few scruples of how to obtain that. Poster would be better having a real adventure through the African Savannah or back pack /travel around South America for a 'real' experience, rather than be held captive by Aussie rip off pricing.