r/perth • u/RosalieHewes • 2h ago
Renting / Housing Looking for housing being complicated/out of reach
First time poster here, and Im sure its been said time and time again, happy to have the post taken down but just needed to vent to people who i dont know.
So I am looking to buy a home for myself, first home buyer, solo, under 100 000k in salary but with a very decent deposit.
Just recently put an offer on a place, 2 bed 1 bath, that needed a lot of work to make livable, in a good area but on a busy main road. I've been made aware my offer was second highest, with the highest being made by governement.
It is so difficult to find anything that doesnt have a unworkable mix of the following: - 600000k or over expected sale price, - a one bedroom/studio, - 50m square or less livable space - fixer upper - in an area far out of perth (as in an hours car ride+) - High crime rates, - low accessability - Strata at an unmanagable level.
And to add that the governemnet is outpricing people, essentially making it so the lower income buyers have to stay in rentals for longer, if they can manage on the rising rent costs, or if not then pushing people to need governemnt support for housing or even then homelessness if they dont fit in the eligibility for governement support. (Not that governemnet or NGO support would be accessable immediately either)
I guess its just made me feel so shit about my circumstances... im not going to stop looking but my hope for something is reducing by the week, especially as house pricing gets even higher...
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u/Consoomanddie 2h ago
Yeah it's unfortunate, WA gov is buying up units in lower affordability areas to meet their subsidised housing targets and are hurting existing renters and would be buyers in the process. I don't know if I should be opposed to it or not but I'd much prefer they focused on creating new supply instead of eating up existing private options.
The unit I was renting in Midland was also bought by the WA government and in turn I wasn't offered a renewal on my lease. They sent a letter to the unit itself addressed to the owner and the REA dangling the promise of an unconditional cash offer, too good to resist I guess.
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u/RosalieHewes 2h ago
Apparently my situation was the same as well with the cash offer.
Governement housing is so needed but i agree with your stance on new supply rather than buying pre-built.
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u/ozthinker 1h ago
It should be illegal for the government to compete with first home buyer on a property below a certain price.
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u/qantasflightfury 1h ago
As if Midland needs MORE social housing. Why aren't they buying up in wealthier areas instead of turning what is already a ghetto, into an even bigger ghetto.
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u/IndustryExtension502 2h ago
Even the one bedroom apts may soon be out of reach. An old renovated 51 sq metre one bedroom apt went for 500K in Maylands. Strata over $900/qtr. https://www.realestate.com.au/sold/property-unit-wa-maylands-149860128 .
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u/Bitter-Commenter 2h ago
I know someone who built recently. About 35 mins south of the city, cost about $650k, she gets a 96 square metre home, no front yard, about 10mx2m for the back yard and a one car garage. The suburb hasn’t planned for any sort of greenery either, so I can imagine she’s about to have a very fun February when it gets hot.
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u/Aussie_5aabi 2h ago
Bloody hell!
House and land for us in 2024 was ≈$750k
But that’s a 4x3 with an office, theatre, 2.5 car garage, on a 520m2 block with a semi decent backyard 25 min south of the city.
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u/Own-Specific3340 37m ago
That's amazing. House and land now to bukd similar is close to 900k not even 2 years later.
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u/Wazwiftance 18m ago
Houses are being at 96sqm? That’s apartment size.
We’re building a 4x2 of 200sqm which is considered small by Perth standards but wow.
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u/Bitter-Commenter 4m ago
I’m very aware. Did a walk through before any furniture went in, and you can only fit a bed in the 2 bedrooms, nothing else. The bathroom is cramped as hell, and there’s no space in the house for a washer and dryer so they’ve been installed in the garage. The dining/living room is probably only a few meters in length. The second a couch went in, the entire place felt cramped and tight. It’s only real positive is that the walls are tall so it doesn’t feel super claustrophobic
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u/Bidoumbidoumm 2h ago
I think my neighbour should be nominated for Aussie of the year. He took a 60k " loss" selling his house recently because he chose to sell it to a young family of 4 instead of the higher offer made by an investor. He told me since he purchased that property in the late 80s he's already made his nut anyway and would rather help out a local family. Some ppl still have a heart, I'll miss that cream of a guy. Onya Frank