u/Dribbly-Sausage69

WA PM Firm decides to get tenants to do routine inspections…

WA PM Firm decides to get tenants to do routine inspections…

I’ve heard about this occurring elsewhere in Australia, as former PM and a LL this is pretty outrageous.

When I was a PM (tried it as a job, as I heard it was family friendly, not my experience) with my construction industry experience I was picking previously unreported by PM structural issues eg decks about to collapse and potential for major damage due to eg roof leaks.

The more experienced PMs felt jilted I was seeing and reporting things they missed, the Agency owners were p!ssed as well (cause me pinging things meant their agency wasn’t looking after the places well).

Having tenants conduct routine inspections might be preferable to them due to less intrusion, but *should this be found ok by the regulators* (I’m being careful with what I say) tenants aren’t qualified PMs nor is there no guarantee they can spot issues, so Insurers could refuse to cover for damage due to no proper inspection actually being done.

Plus - as a LL you’re paying for the PM to do the inspections…

https://www.watoday.com.au/national/western-australia/perth-real-estate-agency-cites-fuel-crisis-for-handballing-inspections-to-tenant-20260521-p5zzfv.html

u/Dribbly-Sausage69 — 1 day ago

Wot do youse recon this place will go for? Auction on Saturday. 13km from Perth CBD.

“Built in 1960 and set on a substantial 2,587sqm block with valuable 25 zoning, this property presents a strong opportunity for developers, investors or buyers looking to secure land with genuine future potential.

The current owner has previously had WAPC and City of Gosnells Approval to subdivide and develop the property into 7 lots. All plans, drawings, approvals and development information is available to view. “

https://www.realestate.com.au/property-house-wa-beckenham-151063092

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u/Dribbly-Sausage69 — 3 days ago

Does anyone have any links to reactions to the Budget from CrashBros or ‘University Socialists’ types?

Not ‘rage bait’ - I’m a ‘Bush Socialist’ (which is the traditional Australian pro-egalitarianism type of Socialism) myself.

In seeing the Budget wouldn’t result in min wage workers on $50,000 / median income workers on $74,100 / workers not earning over $200,000 being able to buy a house / etc I’ve advocated here over months for the Government to mass build quality rent for life public housing made available to any one that wants one - including workers - capped at 30% of household income.

That out the way,

Closer to the budget here there’s been an influx of new posters of the ‘Boomers and Gen X - your dream world is just about to end’ type (to reference the Midnight Oil song (what a banger)).

In contrast, there’s LLs here saying ‘Who cares re Budget tax tinkering, it won’t affect me’.

So to get different perspectives than those here, can people link eg TikTok reactions, CrashBro blog reactions, Socialist groupscule, Right Wing nut job reactions - any other Budget reactions so we all can gain a bigger picture of Budget reactions out there?

It would be good to see multiple perspectives to get out of the Echo Chamber of usual sources of info.

Also links to any Mainstream economists reactions eg Alan Kohler would be good as well.

The ACTU / Australia Unions reaction seems to be ‘winding back Little Johnny’s 1999 50% GST changes is a start towards housing affordability’, they’ve moved on temporarily at least to calling for the min wage to increase by 6% (I do hope the ACTU will continue to call for housing affordability ongoing).

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u/Dribbly-Sausage69 — 8 days ago
▲ 265 r/shitrentals+1 crossposts

This is kinda right.. I for one will be out at the pub having a good time tonight 😎

Fellow Landlords: How will you be celebrating increasing property prices and less supply hence higher rents?

u/Dribbly-Sausage69 — 11 days ago

…given the ACTU’s relationship with Labor, Labor will probably grandfather (no NG, no CGT changes) the first IP for 71-72% of IP owners.

At 2.2m IP owners in Australia, that’s 1,584,000 million IP owners in Australia just not affected by the NG and CGT changes.

The next 19% or 418,000 IP owners will only have the second IP impacted by NG and IP changes.

That leaves 198,000 IP owners that own 3 or more IPs… I wonder if these people will be angrily stomping on their hats in the streets begging passers by to buy their $1,000,000 places for $1000 - or they’ll be booking another holiday to the South of France… 🧐

“Based on the latest Australian Taxation Office (ATO) data, approximately 28% to 30% of property investors in Australia own more than one investment property.While there are over 2.2 million property investors in Australia, the vast majority are small-scale, with around 70–72% owning just a single investment property.”

“Breakdown of Multiple Property Ownership

According to ATO data (2021–22, reported in June 2024/2025):

1 Property: 71% of investors

2 Properties: 19% of investors

3 Properties: 6% of investors

4 Properties: 2% of investors.

5 Properties: 1% of investors

6+ Properties: 1% of investors”

u/Dribbly-Sausage69 — 18 days ago

He’s ‘landbanked’ a 2600m2 block with a house on it (house rented).

I expect it will got for close to $2M, and be sold to a developer.

At the current zoning it’s a 7 villa site.

He’s apparently panicking about GST changes, and wants to sell quick. Last sold in 2000 for $127,000.

I’ll post again when it sells.

EDIT: Yes, CGT, not GST.

reddit.com
u/Dribbly-Sausage69 — 20 days ago

“Retired schoolteacher Sandra Barker has been single and a renter all her adult life.

The 70-year-old lives by herself in a two-bedroom unit in Sydney's south-west. She says she'd like to rent in a "better" suburb but doesn't believe she'd be able to afford it, given her rent costs more than 60 per cent of her fortnightly pension.”

😳

Do you think Sandra should have bought her own place at 25 in 1981 when a house cost $60,000???

“In 1981, the median house price in Australian capital cities was roughly $50,000 to $60,000, with significant variation by city. Sydney was most expensive at over $75,000, while others were lower, such as Perth (approx. $43,800), Adelaide ($39,100), and Hobart ($37,100)”

https://www.sbs.com.au/news/insight/article/sandra-will-never-own-a-home-boomers-struggling-in-the-housing-crisis/ypv71dch8

u/Dribbly-Sausage69 — 24 days ago