This guy makes all landlords sound like complete devils. This is far from the truth. Landlords take all the risk when putting tenants in who may trash the place and not pay rent. If we had no landlords and all us Mum and Dad investors sold our properties and invested in the share market, where would the renters sleep. This story was so one sided from someone who lives off the tax payer dollar in a cushy government job, stirring up trouble with his unionist mates.

Reply to article

For original story, Click Here.

Taking only the tenants side is unfair. There are two types of Landlords and two types of tenants. People without big incomes can built some wealth through buying the right properties but the wrong properties can be a nightmare. Some landlords (not us) can forget their obligations to the tenant. They are often wealthy and don't give a stuff. From experience, many tenants are also a nightmare. I disagree that the law favours the landlord. Most property agents are afraid of challenging tenants for fear of disrupting their rights to live in the property. This leaves landlords with lots of repairs after the tenant leaves. Often damage is disguised and discovered after they leave and sometimes you wonder how they actually managed to do the damage. Lets face it, some people are untrustworthy whether they are tenants or landlords. Its hard work putting up with some tenants and if you don't think that, you have obviously have never tried it.

Reply to article

For original story, Click Here.

What an overly emotional and exaggerated story. "Often without ceilings". Please. Agree with the other comment that there are different types of landlords just as there are different tenants. Whilst I've generally had good tenants, the damage with little recourse left by tenants that I've had to pay to repair and the excessive costs of owning a property and the anti-landlord legislation means my two properties are going to be sold. I'll get far better returns and Jess stress and continuous outlay in the share market. Unfortunately the investment houses I sell won't be returned to the rental pool and won't be purchased by first home buyers so there will be less rental stock available for tenants. A common scenario I'm seeing. Draconian landlord laws and high taxation and holding costs is making the rental situation worse. Time the government took a harder look at the causes.

Reply to article

For original story, Click Here.

"If we had no landlords and all us Mum and Dad investors sold our properties and invested in the share market, where would the renters sleep."

"Unfortunately the investment houses I sell won't be returned to the rental pool and won't be purchased by first home buyers so there will be less rental stock available for tenants."

You guys are so close to getting it.

Yes, selling rental properties frees up housing stock and lets first home buyers escape the renting treadmill. That's the whole point.

Reply to article

For original story, Click Here.

Please fix VCAT because 44 weeks is too long to wait for a hearing. Rental properties are a huge investment so everyone needs rules that are enforceable. There is good and bad in every story but fairness need a place in this argument. When things go wrong we need a robust system to deal with the situation. At present our system is overworked and underfunded.

Reply to article

For original story, Click Here.

This guy is disgusting and unintelligent. The fact he "studied as a lawyer" says it all. ie. He lives in a fantasy world. Literally everything he advocates for is 100% WRONG and will only make things (including his "plight") WORSE!

The vast majority of landlords are hard-working mums and dads, and in recent years pathetic governments being influenced by left wing moronic advocacy groups and special interest (which are always curiously well-funded) have actually made thing much harder for landlords - ironically this will have the opposite long term effect, ie. as more and more landlords get sick and tired of tolerating disgusting, ungrateful tenants - they'll leave the market or turn to short-term rentals etc and push rents up even higher !

Learn to accept the fact that people who work hard, make smart decisions and can keep on top of their finances are going to own (and control) property and all those who can't do that, will be at the mercy of the market they find themselves in for good or for bad. If tenants don't like being "tenants" then change their lives, make better decisions and become a landlord themselves.

Take personal responsibility for yourselves and stop expecting others to do it for you. People like this are literally "devolving" our species. Made bad decisions throughout your life ? Waste your money ? Don't worry - the government will bail you out and under Jordan's communist regime - you'll be given everything you absolutely have NOT earned and DON'T deserve ! (note sarcasm).

Oh and by the way "Jordan" - the land I own wasn't "stolen" from anyone and making further moronic statements like that makes you appear even less intelligent, pathetic and very likely to have serious consequences for offending people in such a manner.

And speaking of consequences - encouraging people to squat is highly dangerous and likely to see you being held responsible if (and more likely - when) such encouragement results in needless violence when said squatters are forcibly evicted by the owners.

Reply to article

For original story, Click Here.

That all we need. Another whining socialist Millennial looking to redistribute wealth to satisfy his misanthropic envy complex.

Reply to article

For original story, Click Here.

"to grapple with the fact the land we live on was stolen."

I was born with no indigenous genes - somehow that makes me guilty of a 200 year old theft from those who do have those particular genes. Yet squatting on someone else's property is apparently OK -Really a bit blinkered isn't it.

Reply to article

For original story, Click Here.

I strongly disagree with the negative comments about landlords. It's unfair to generalise and criticise all landlords. Landlords have legal obligations to maintain their properties, including annual pest control. Tenants also have responsibilities, such as keeping the property clean and well-maintained. Unfortunately, some tenants cause significant damage and refuse to pay rent, leaving landlords with the financial burden of repairs and loss of income. This is often overlooked and can be very frustrating for landlords. Landlords have their own expenses to cover, including mortgage payments, insurance, maintenance, and other costs. It would be helpful to have a platform to address bad tenant behavior and hold them accountable. It's important to recognize the challenges that both landlords and tenants face. I am surprised that the media, including TV, magazines, etc., has encouraged this self-entitled individual to trash landlords for a story. It wouldn't surprise me if there are a lot of landlords who work at these media agencies. Unbelievable! How about doing a story on bad tenants who get away with murder? To encourage this person who is encouraging renters to squat is unacceptable. You all should be ashamed of yourselves. I hope they squat at your investment properties.

Reply to article

For original story, Click Here.

How many tenants do you ha ve in your investment properties ?????

Reply to article

For original story, Click Here.

Yes. As with every single investment. The holder takes on the risk. You can't expect anyone else to absorb the cost of any other investment!

Reply to article

For original story, Click Here.

I have done my numbers several times - re buying a rental home. I am glad I never proceeded.

We need the true story to be told ,we need someone to provide figures on the profit (or loss) on being a landlord in each state. Starting with nil deposit (exclude LMI ), then the knockers will understand the facts.

I however agree that there are landlords that do the wrong things , also there are tenants that do the wrong things.

Can we also get the disadvantages of being both a tenant and a landlord.

Reply to article

For original story, Click Here.

WHY is being a landlord the ONLY service or product supplier in Australia, where the producer is allowed to provide an inferior, defective, run down, worn out, sometimes dangerous product, with barely any regulation or oversight, for a premium price, and then increase that price on a whim, also unregulated!

AND when the consumer complains about an inferior or defective product or service the producer (landlord) is allowed to just snatch the product back, without repercussions!

There is NO other product or service in Australia that a producer is allowed to operate like this!!!

Reply to article

For original story, Click Here.

Are you suggesting that when you sell your investment property, you'll discriminate if a buyer is a current renter or first home owner?

Just because you benefit on the supply and demand chain now, doesn't mean you always will.

You ran the risk of property investment. The problem still lies where a human right is something people monetise. It's as simple as that. Enjoy your shares portfolio with an overpaid cryptobro.

Reply to article

For original story, Click Here.

There you have it people. - 44 weeks for a hearing and you cannot actually be evicted without an Order of Possession from VCAT/NCAT - requiring a hearing!

You have an extra 44 weeks!!

Don't move out until the landlord has that Order!!

Reply to article

For original story, Click Here.

I just came here to see all the landlords whining in the comments. Keep up the good work, Mr Pingers!

Reply to article

For original story, Click Here.

You say the "vast majority" of landlords are 'Mum & Dad' owners. Care to back that statistic up with any reasonable data there turbo? 1/4 of all property owned in Aus is owner by 1% of the wealthiest elite. That's census data btw. So 1 in 4 properties owned in this whole country, are owned by 1%. You're saying the other 3/4 are all Mum and Dad investors? No international investors there? Grow up tiger.

Reply to article

For original story, Click Here.

I am also here just to read the comments from landlords. Lol.

Also can we please stop referring to landlords as "mums and dads"? Why does it matter that they have children? They are "investers" or "property owners" or "landlords" in the context of renting a home to someone. Are childless people not landlords? I don't understand why this qualifier is even being used...

Reply to article

For original story, Click Here.

Same. So deluded they are throwing little tantrums from being called out and all they are doing is supporting PP stance.

Reply to article

For original story, Click Here.

Couple of quick points:

The housing system clearly benefits those who are already in the housing market, and those who have generational wealth. Making it harder to purchase multiple investment properties shouldn't be controversial. People can invest their money in shares and still make a good return without taking away properties that younger families, without pre-existing assets, could purchase.

Lastly, all land in Australia not owned by Aboriginal groups was very obviously stolen. You or I didn't steal it, but the British across multiple generations did from 1788 onwards. That's factual.

Reply to article

For original story, Click Here.

If we had no landlords, people would live in the houses that were not being hoarded, or were provided by the government. Hope this helps.

Reply to article

For original story, Click Here.

Some absolutely exquisite landlord tears being shed here 🤌

Reply to article

For original story, Click Here.

This is ironic given your description of tenants being disgusting and ungrateful. A lot of people work hard and aren't in a position to own property. People also work hard and aren't in a position to own property. You pathetic imbecile.

Reply to article

For original story, Click Here.

Pertinent advice!!

Reply to article

For original story, Click Here.

Fantasticpoints, particularly, re stolen land with regard to Paul E's last point- the threat of violence to those squatting in empty houses in a housing crisis.

Reply to article

For original story, Click Here.

Came for the article, staying for the whiney landlords.

Reply to article

For original story, Click Here.

I came here for the comments also and the ignorance and entitlement, wow, yet calling Jordie entitled. Hypocritical much? Those wealthy enough to have an investment property who are having a whine and cry, it's quite simple...don't have an investment property and profit off of those who aren't as fortunate. If I hear one more person say, "Just work hard and you can be a landlord too, stop complaining". It's not that simple. We're in different times, where the cost of living has skyrocketed and wages aren't keeping in line with this. This is also an insult to people who work their butts off. My husband and I were exemplary tenants, who left the property we were in in a better state, yet were treated so poorly by a rude and entitled landlord who wouldn't attend to repairs; the power balance is indeed a joke. I also agree re the 'mum and dad' investors term, implying that investors are all parents. Really? (And exactly, why does that even matter?) Keep up the amazing work, Professor Pingers. Stuff the ignorant haters. (Also, the refusal of acknowledging stolen land reeks of "it's not my job").

Reply to article

For original story, Click Here.

"often without ceilings" is no exaggeration my dude. My current housemate moved into a rental at the start of covid that had a hole in her ceiling stretching through the entire bathroom and laundry. This was in the peak of winter. The stove and oven were also broken, so she only eat cold or microwaved food. She lived there for 6 months and the landlords did not fix a single thing the entire time! The house was completely unlivable, but there was nothing she could do except move out and let some other unsuspecting tenant bleed their income into a property falling apart at its foundations.

I understand that tenants can suck and cause property damage as well, but you cannot compare them to the issues tenants face with landlords. There is a very obvious power imbalance, so the consequences and control of the situation will favour the landlords. A fact that is particularly concerning considering the consequences for tenants relate to not having their basic human needs (ie. shelter) met, whereas the consequences for landlords relate to a decreased return on investment. Your struggle is not the same.

Reply to article

For original story, Click Here.

Exactly! I hate that description, a pathetic attempt at garnering sympathy ~eyeroll~

Reply to article

For original story, Click Here.

No I won't discriminate on who buys it. I'll sell to whoever gives me the money I want. My point was that the market has changed since I bought, and looking at the area and potential, it will be bought by someone who will make it a holiday home or AirBNB.

Reply to article

For original story, Click Here.

You think the land belonged to no one before you? Yes, squatting in an empty house IS okay, what's not okay is keeping houses empty. Hopefully these squatters protect themselves from you scum landlords.

Reply to article

For original story, Click Here.

Funny about he does not speak about the "good" landlord/ladies like me? Put a PV system on the rental house (my tenants have not had to pay for electricity for +1year), the rental reduction for my tenant whose pay was reduced during covid, the improvements to the property (new hot water system not the pathetic instant electric..), thermal insulation, repaint the whole place before new tenants, redo kitchen, bathroom, change all windows etc.... That's the good bit for them.. And for me, the worry when the rent is 2weeks late but my bank loan is debited and I have little to buffer the difference, the tenant who leaves taking bits and pieces he likes (without never thrashing anything... Most people still seem to have a conscience somehow when you have been good to them)... So receiving lessons from a public servant who never has to worry when his next salary is coming from to pay the banks and feeds is family is just a pathetic joke...

Reply to article

For original story, Click Here.

The irony of this comment when the wealthy have been redistributing the lower class' wealth to themselves for 20 years. Seems your the one satisfying your misanthropy to those not as fortunate as yourself

Reply to article

For original story, Click Here.

I'm a landlord and I try to be a good one when it comes to property condition and maintenance, as well as charging a fair rent.

I get it that not all landlords are the same and that there is a power imbalance Government should enforce laws and the failure to do this results in the need for people to have a voice; I don't have an issue with this.

I assume most landlords, like most drivers, are ok; for everyone who isn't there's Shitrentals. If your a landlord, do the right thing and you won't have an issue.

Reply to article

For original story, Click Here.

Except they don't always. AirBNB is far more lucrative than renting out your property to long term tenants. That's, in my opinion, why we have so fewer rental houses.

Reply to article

For original story, Click Here.

they would sleep in they houses they could buy. Strange but true, the housing market is skewed when you have to be every year, it costs a couple thousand dollars to move, as well as plenty of time. Time that could be better spent! We renters are buying your houses for you, while you reap the profit-we pay the taxes. Clearly there is risk to any investment, the amount of renters who "trash the place, and don't pay rent" is minimal at best. Truly the epitome of privilege is to expect less financially secure folks to fund your retirement. my suggestion is SELL!

Reply to article

For original story, Click Here.

I love his videos and he's doing an amazing job

Reply to article

For original story, Click Here.

You're not guilty of directly stealing the land you own, but you are currently profiteering of the theft of that land by the colonial British Empire. Might be time for you to pay your rent.

Reply to article

For original story, Click Here.

Buddy you gotta shake that victim complex you've developed. You're not out there doing the lords work out of the goodness of your heart. Very easy to complain about people being given things (which they're not) while reaping the benefits of government decisions (including left wing governments that you typically and childishly decry) that give you tax breaks and bulwark your investment (which you do). Just take it on the chin and realise you've got it good and don't want others to enjoy it, then you might get some respect for at least being honest.

Reply to article

For original story, Click Here.

Sorry to point out the obvious flaws in your argument.

First it is unlikely that if landlords all sold their places that the renters would buy as there is a massive financial difference between the cost of ownership and that of renting (2 or 3 to 1)

Secondly, the only way the landlord doesn't pay tax is to Loose money, in anyone's books that is a loss and best avoided.

No renter is funding a retirement, they are paying for the use of a property, a simple business transaction, claiming otherwise shows you have failed to think for yourself. Do you think you are paying for the bus or train you travel to work in?

Reply to article

For original story, Click Here.

Agreed, about time the media stopped trying to add emotion to the issue.

Tenants are just people and landlords are just people.

What would be great is if we acknowledged the needs of both sides.

Reply to article

For original story, Click Here.

Not sure how this added anything to the conversation!

Reply to article

For original story, Click Here.

Here, here Robert. My tenant is great because I am a good landlord. I wish we all had a relationship based upon respect.

Reply to article

For original story, Click Here.

A misguided public servant who has, a little education in law, and little education in reality, trying to influence public policy. What could possibly go wrong?

Reply to article

For original story, Click Here.

Yet another appalling article from a magazine that has lost its way. You would assume that a financial journal - with the word 'Money' as its masthead - would invite guests with life experiences that could help others to create wealth and build their financial future. But no (and not for the first time), the selection is based on the pseudo social justice antics of an activist who favours ESG philosophy over profit and a budget bottom-line. Jordan is the worst example - a blinkered Marxist-Leninist who despises democracy and a free enterprise market, and ignores the terrible reality of the disastrous failures of socialist government. The beaut thing about history - it gives us clear comparisons. Think North v South Korea. Think about the one-way traffic fleeing from East to west, when the walls came down in 1989.

To Money magazine...please remember your core audience.

Reply to article

For original story, Click Here.

Thanks for your feedback. Our interview with Jordan has generated a lot of discussion about an issue that needs to be thought about deeply.

- Money team

Reply to article

For original story, Click Here.

What an absolute tossa

He has no idea of how hard people work to obtain a property too rent and the amount that they pay out every year in land tax ,council rates ,water and sewrage rates ,house insurance ,and then theres maintenance and repairs on going !

And you know what if there was a rent freeze i would emediately sell my property, and then the tennants would have to find some where else they have been there for over 20 years .now do you honestly think that government would freeze there land tax ?

I can tell you now that the biggest reason rent is so expensive is because the land tax keeps goin up .

Eg my place 2 bedroom house southern suburbs i receive $23,400. Per year rent . my land tax bill went up over $3500 this year it is now $17.600 and then theres council rates $4000, sew rates $2000 and house insurance $2000 , so do your numbers I'm loosing money but the govt is making $17,600

My weekly rent is $450 if the govt scrapped land tax witch they should i would happilly drop the rent to $250 per week so dont start kicking me or any other land lord start kicking the govt

Oh and by the way if any doesnt beleive my $17600 land tax bill I'm happy to send you a copy .

I'm a tradie and ive worked dam hard to get what i have butt the governments wether they are lab or lib do nothing to help renters or the hard workes think about that .

Reply to article

For original story, Click Here.

We have entered into the biggest economic and social collapse in recorded History. Many will perish and then there willl be more mepty hoses so that is the good part... One of the bad parts is soon there will be a run on the banks. If you have savings (which most of you do not have these days) Get them out of the Bank NOW... It is going to be UGLY... There WILL be blood on the streets.. wakey wakey people it's close now...

Reply to article

For original story, Click Here.