Rental crisis: Property’s condition on Facebook Marketplace slammed

A horror house listing has exposed the grim reality behind the Australian rental crisis.

The $300-per-week property in Dandenong, Victoria looks like “it is not only riddled with mould, but that it has also previously been on fire”.

Rachel McQueen, who posts the popular “Real Estate with Rachel” video series on TikTok, blasted the increasingly terrible properties renters were being forced to turn to.

“If this is what you think “affordable” rentals should look like & what people needing those rentals should be subjected to living with, go to therapy please,” she wrote.

“The system is broken”.

The shockingly rundown house was advertised for rental on Facebook Marketplace, but the listing now appears to have been deleted.

Either that or a desperate renter has already snapped up the “offer”.

The listing said the property had two living rooms, one bedroom, two bathrooms and parking for two vehicles

“I think the $300 rent is if you want to use it for a horror movie set!” one astonished commenter wrote.

With the rental crisis only worsening, it’s likely more and more people will be forced to resort to desperate measures to get a roof over their heads.

“Sad thing is people will apply cause they have no where to go,” another person commented on Ms McQueen’s video.

Low vacancy rates in major cities combined with a huge rebound in numbers of temporary visa holders entering the country are some of the factors being blamed for the crisis.

“Clearly, acute rental shortages remain with us,” SQM Research managing director Louis Christopher recently told news.com.au.

In July 2023 alone, 131,640 international students arrived in Australia – nearly double the number that arrived in July 2022, according to the Australian Bureau of Statistics.

The federal government has pledged to build 30,000 new and affordable homes in the next five years through its $10bn Housing Australia Future Fund.

Critics are warning this doesn’t go far enough to address the housing crisis facing many people today.

“The federal government’s recently secured deal on the Housing Australia Future Fund is only a drop in the ocean, creating, at most, just 6,000 houses per year over the next five years, which is dramatically short of the forecast 252,000 housing shortfall over the next five years,” Institute of Public Affairs deputy executive director Daniel Wild said.

Along with building more affordable housing, governments are being urged to look into other measures such as rental caps and tightening regulations of short-term rental providers to try to ease the crisis.

In one of his last acts as premier, former Victorian leader Daniel Andrews announced Australia’s first tax on short-stay rental accommodation to a mixed reception.

From 2025, providers such as Airbnb and Stayz will be hit with a 7.5 per cent levy on the price of each booking made through their platforms in Victoria.

Advocates say the money raised will be able to go towards building more social housing, but critics have derided the tax as an overreach that won’t address the rental crisis.

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