This topic was sparked by news from a near-neighbour who had received the dreaded ‘landlord requires vacant possession’ letter. All tenants go into a lease today knowing that the landlord can decide to sell the property, at which point they will be evicted. A lot of landlords have been doing that over the last two years, taking a profit as property prices spiralled. The rental vacancy figures in this town and just about everywhere else…
Wherever you go in Australia to visit friends and family, the conversation very soon turns to the scarcity and high cost of rental housing. The topic will then quickly shift to the ever-rising cost of houses and why parents worry about their adult kids taking on seven-figure mortgages. As residential property analyst Michael Matusik recently said, it comes down to the Bank of Mum and Dad. Few cities or towns have escaped the 20% rise…
The Cheeseparer family from Victoria, fed up with the overpopulated rat race, spent the school holidays cruising the south east Queensland coast, looking for a more ambient place to live than the far-flung commuter suburbs of greater Melbourne. Margolia and Basil Jnr are sick of Melbourne’s unpredictable weather, the traffic, the pollution, the high cost of living and the four-hour daily commutes (including dropping the kids off at school and picking them up from daycare)….