Yahoo Finance $800-a-week 4-bedroom waterfront home spurs outrage
This spacious home looks like it comes with all the bells and whistles. So why are Aussies so mad?
A brilliant four-bedroom, five bathroom Queensland home, with a large pool and waterfront views, was listed for rent for just $800 per week, and it’s caused outrage online.
Despite the seemingly picture-perfect home, an Aussie TikToker pointed out one major flaw with the listing - you can’t actually live in it.
The property was supposedly listed (the listing appears to be removed now) for $800 per week with the provision that it only be used for storage.
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The listing said the home was not to be lived in but did boast about the large pool and master bedroom with water views.
“So they're not taking empty housing stock and adding it to the rental supply market. They're using it as a f****** storage facility instead. For $800 a week,” popular TikToker Rach McQueen said.
Aussies were quick to jump in the comments to express their outrage, with some even alleging they had seen the home listed on Airbnb.
“Haha this is an airbnb and they will rent out at 2k a night using your furniture you pay to store there,” one user said.
“Wait I don’t understand..you can store your stuff inside but you can’t live in the house with your stuff?? It’s hurting my brain,” another user said.
“Um what? What’s the point in advertising it as a 4 bdrm [sic] 5 bthrm [sic] ‘house’ with waterfront master bdrm [sic] if it’s only for storage?” another commented.
Housing crisis
Aussie renters are feeling the pain, with available properties under $400 a week falling to their lowest level since late 2018.
The rising cost of living and a lack of rental supply have pushed rental prices higher, according to data from PropTrack.
In February 2022, 32.8 per cent of all properties listed for rent in Australia were under $400 per week. This has now fallen to just 17.6 per cent.
Over the past year, the share of houses for rent under $400 per week has fallen from 25.2 per cent to 13.6 per cent, while for units, it has dropped from 38.6 per cent to 22.1 per cent.
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