this post was submitted on 16 Oct 2024
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New data reveals thousands of Australians who own 10 rentals or more (www.abc.net.au)
submitted 6 days ago by Nath@aussie.zone to c/australia@aussie.zone
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And as the article says - this data is only from individual tax returns. It doesn't cover companies.

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[–] Dubman@lemmy.world 6 points 5 days ago* (last edited 5 days ago)

My partner and I find ourselves in a very similar situation to the couple listed at the end of the article. Ever saving every cent only to have the goal posts pushed further and further back. And then our landlord decides to jack the rent up for our current place every 12 months by absurd amounts because "its what the market says". Bull fucking shit you greedy fucks.

But what are our other options? Move out into whoop whoop away from all of our friends, family and work? Aim lower and get a place that we don't fit in? What do we do?

Or even if we get approved for a mortgage, it will be with us until we are 70 based on interest rates and stagnant wages. I feel hopeless and at the whims of those that only want my hard earned money.