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Who actually wants the Olympics?

No one I talk with around Brisy wants the Olympics or the high house prices its a scam

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  • I definitely want them, as I'm hoping it will make house prices go up!

    I have four rental properties I want to sell because I'm sick of the government interfering even though I try to do the right thing by my tenants (in the 15 years I've had rentals I've never kicked anyone out or taken any bond money, all my tenants left because their job moved or they got married and needed a bigger place). It really annoys me that one arm of the government puts up interest rates to take money out of people's pockets, yet the other arm says no no you can't pass those increases on to tenants, you can't take money out of their pockets! Like make up your mind, either take the money fairly from everyone or take it from nobody! I'm just waiting for the house prices to go up enough that I can break even when I sell (so I can pay the loans off in full) - if I sold today I'd still have a debt of around $100k to pay off - no thanks.

    Apparently I'm not alone, a lot of other landlords are also planning to sell in the coming year so it looks like rents are only going to go up as fewer properties are available for rent. So ironic that a policy was hastily brought in to try to limit rising rents but it will end up making the problem worse, but I guess that's normal for government.

    It will be nice not to have to subsidise people's rent any more though. At the moment I'm paying around 30% of the rent out of my pocket on top of the rent paid by the tenants in order to meet the bank loan repayments, and that's on top of the loan repayments for my own place (a tiny one-bedroom unit) so the majority of my salary (and rental income) just goes to the bank. That was the deal going into it though so it comes as no surprise, and I wouldn't mind so much except most of my tenants seem to have way more money than I do, driving cars that are less than five years old and all I can afford is a 13 year old ex-taxi. One of my tenants is in the same unit complex as me so we're almost neighbours, and they love getting Uber Eats delivered all the time while I'm instead frequenting Coco's at Annerley to buy all the cheap stuff with expired best-before dates just to save a few bucks.

    Maybe once I've sold I should start renting instead, tenants seem to have way more disposable cash than landlords do!

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