{"id":38808,"date":"2022-05-26T14:24:53","date_gmt":"2022-05-26T02:24:53","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=38808"},"modified":"2022-05-26T17:49:31","modified_gmt":"2022-05-26T05:49:31","slug":"not-my-australian-dream-the-lifelong-renters-not-buying-into-the-countrys-property-obsession","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/not-my-australian-dream-the-lifelong-renters-not-buying-into-the-countrys-property-obsession\/","title":{"rendered":"Not my Australian dream: The lifelong renters not buying into the country&#8217;s property obsession"},"content":{"rendered":"<p><strong>PHOTO: The Australian Dream. TWITTER. 9NEWS<\/strong><\/p>\n<p class=\"_1HzXw\">Home ownership is not on 34-year-old town planner Eric Smith&#8217;s to-do list as soaring property prices push the prospect of buying a house out of many young Australians&#8217; reach.<\/p>\n<div class=\"_3qLh5 _sBMB _1ilWc\">\n<section class=\"_3xJds _3tgJi\" role=\"contentinfo\" aria-label=\"key points\" data-component=\"KeyPoints\" data-uri=\"coremedia:\/\/teaser\/101087578\">\n<h2 class=\"_1EAJU hMmqO _316gH _1zBDU _1BqKa _2AH39 _3HiTE x9R1x pDrMR hmFfs _390V1\" data-component=\"Heading\">Key points:<\/h2>\n<ul class=\"qkR3W\" role=\"list\" data-component=\"List\">\n<li class=\"\" data-component=\"ListItem\">Property prices in Launceston are among the fastest growing in regional Australia<\/li>\n<li class=\"\" data-component=\"ListItem\">Many young renters are finding alternative\u00a0investments outside home ownership<\/li>\n<li class=\"\" data-component=\"ListItem\">There are signs the red-hot regional property market\u00a0is starting to cool<\/li>\n<\/ul>\n<div class=\"entry-featured-img-wrap\"><a class=\"entry-featured-img-link\" href=\"https:\/\/propertynoise.co.nz\/au\/how-to-use-your-super-to-get-into-the-property-market-for-the-first-time-pro-tips\/\"><img fetchpriority=\"high\" decoding=\"async\" class=\"attachment-hoot-medium-thumb  entry-content-featured-img entry-grid-featured-img wp-post-image lazyloaded\" src=\"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2019\/06\/The-First-Home-Loan-Deposit-Scheme-460x270.jpg\" alt=\"First Home Loan Deposit Scheme\" width=\"460\" height=\"270\" data-src=\"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2019\/06\/The-First-Home-Loan-Deposit-Scheme-460x270.jpg\" \/><\/a><\/div>\n<div class=\"entry-grid-content\">\n<header class=\"entry-header\">\n<h2 class=\"entry-title\"><a href=\"https:\/\/propertynoise.co.nz\/au\/how-to-use-your-super-to-get-into-the-property-market-for-the-first-time-pro-tips\/\" rel=\"bookmark\">How to use your super to get into the property market for the first time | PRO TIPS<\/a><\/h2>\n<\/header>\n<\/div>\n<\/section>\n<\/div>\n<p class=\"_1HzXw\">&#8220;Instead of chasing that dream and tying myself to saving $80,000 over the next 10 years so I could put a deposit on a house, I thought I would just commit to renting forever,&#8221; he said.<\/p>\n<p class=\"_1HzXw\">His Tasmanian home city of Launceston has some of the highest property prices in regional Australia.<\/p>\n<p class=\"_1HzXw\">The latest CoreLogic Regional Market Update revealed unit prices grew 30.9 per cent in the 12 months to April, faster than any of the 25 largest non-capital regions in the country.<\/p>\n<p class=\"_1HzXw\">Units were also selling faster than anywhere else, with a median time of 11 days on the market\u00a0while house prices were up 29.5\u00a0per cent.<\/p>\n<div class=\"entry-featured-img-wrap\"><a class=\"entry-featured-img-link\" href=\"https:\/\/propertynoise.co.nz\/au\/young-homeowner-buys-childhood-home-at-auction\/\"><img decoding=\"async\" class=\"attachment-hoot-medium-thumb  entry-content-featured-img entry-grid-featured-img wp-post-image lazyloaded\" src=\"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2022\/05\/Young-homeowner-buys-childhood-home-460x270.jpeg\" alt=\"Young homeowner\" width=\"460\" height=\"270\" data-src=\"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2022\/05\/Young-homeowner-buys-childhood-home-460x270.jpeg\" \/><\/a><\/div>\n<div class=\"entry-grid-content\">\n<header class=\"entry-header\">\n<h2 class=\"entry-title\"><a href=\"https:\/\/propertynoise.co.nz\/au\/young-homeowner-buys-childhood-home-at-auction\/\" rel=\"bookmark\">Young homeowner buys childhood home at auction<\/a><\/h2>\n<\/header>\n<\/div>\n<p class=\"_1HzXw\">Mr Smith said he would prefer to invest his savings into stocks rather than becoming another disciple of Australia&#8217;s property obsession.<\/p>\n<p class=\"_1HzXw\">&#8220;It is disappointing that property does have such a preferred tax status,&#8221; he said.<\/p>\n<p class=\"_1HzXw\">&#8220;One of the ways to solve the housing crisis is to not treat housing as an investment but as a human right.&#8221;<\/p>\n<h2 class=\"_1EAJU hMmqO SYcM3 zwVFG _1BqKa _3AExf _3HiTE x9R1x pDrMR hmFfs _390V1\" data-component=\"Heading\">A &#8216;lose-lose&#8217; situation<\/h2>\n<figure class=\"_247xw _3qLh5 _sBMB _3pBTa\" role=\"group\" data-print=\"inline-media\" aria-labelledby=\"101087610\" data-component=\"Figure\" data-uri=\"coremedia:\/\/imageproxy\/101087610\">\n<div class=\"_3poXF\" data-component=\"IntersectionObserver\">\n<div class=\"_1Axyg\" data-component=\"AspectRatioContainer\"><img decoding=\"async\" class=\"jMqWO _1PHKk\" src=\"https:\/\/live-production.wcms.abc-cdn.net.au\/6aa7d7f2c7e8cf62a92b122c7c8fda17?impolicy=wcms_crop_resize&amp;cropH=2605&amp;cropW=3907&amp;xPos=0&amp;yPos=222&amp;width=862&amp;height=575\" sizes=\"100vw\" alt=\"A mother and her middle aged son stand proudly in their clean, white kitchen.\" data-component=\"Image\" \/><\/div>\n<\/div><figcaption id=\"101087610\" class=\"_1EAJU _2_dbS _2L258 _14LIk _3pVeq hmFfs _2F43D\" data-component=\"Figure__figcaption\"><em><strong>Cynthia Mansfield and her son Stuart\u00a0are at the mercy of a\u00a0volatile rental market.<cite class=\"_1EAJU _1ftZy _2L258 _14LIk _3pVeq hmFfs _2F43D\" data-component=\"Figure__cite\">(<span class=\"_1EAJU _1s6pr _2L258 _1BqKa _3pVeq hmFfs _2F43D\" data-component=\"Byline\"><span class=\"_1EAJU _2L258 _14LIk _3pVeq hmFfs _2F43D\" data-component=\"Text\">ABC News: Lachlan Bennett<\/span><\/span>)<\/cite><\/strong><\/em><\/figcaption><\/figure>\n<p class=\"_1HzXw\">Launceston resident\u00a0Stuart Mansfield said being a lifelong renter was a battle.<\/p>\n<p class=\"_1HzXw\">He said saving for a deposit was tough as he survived\u00a0on a small carer&#8217;s pension while looking after his 12-year-old son.<\/p>\n<p class=\"_1HzXw\">And while he accepted\u00a0he might never buy, he said renting wasn&#8217;t an easier option.<\/p>\n<aside class=\"_3qLh5 _sBMB _3fob9\" data-component=\"Pullquote\">\n<blockquote class=\"_1BTTn\">\n<p class=\"_1HzXw\">&#8220;Landlords don&#8217;t look at someone like me and think that I\u00a0would be a decent tenant,&#8221; Mr Mansfield said.<\/p>\n<\/blockquote>\n<\/aside>\n<p class=\"_1HzXw\">&#8220;It&#8217;s\u00a0just a lose-lose situation for me to even attempt to get a private rental.&#8221;<\/p>\n<div class=\"entry-featured-img-wrap\"><a class=\"entry-featured-img-link\" href=\"https:\/\/propertynoise.co.nz\/au\/school-dropout-turns-254-into-10m\/\"><img decoding=\"async\" class=\"attachment-hoot-medium-thumb  entry-content-featured-img entry-grid-featured-img wp-post-image lazyloaded\" src=\"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2022\/05\/Daniel-Walsh-met-his-wife-Sophie-460x270.jpg\" alt=\"Daniel Walsh\" width=\"460\" height=\"270\" data-src=\"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2022\/05\/Daniel-Walsh-met-his-wife-Sophie-460x270.jpg\" \/><\/a><\/div>\n<div class=\"entry-grid-content\">\n<header class=\"entry-header\">\n<h2 class=\"entry-title\"><a href=\"https:\/\/propertynoise.co.nz\/au\/school-dropout-turns-254-into-10m\/\" rel=\"bookmark\">School dropout turns $254 into $10m<\/a><\/h2>\n<\/header>\n<\/div>\n<p class=\"_1HzXw\">Mr Mansfield said he was\u00a0facing the prospect of living in his car after the owner of his property doubled the rent as a\u00a0housing affordability scheme ended.<\/p>\n<p class=\"_1HzXw\">He said he was\u00a0exploring public housing but the waiting list was\u00a072 weeks long.<\/p>\n<p>&nbsp;<\/p>\n<h2 class=\"_1EAJU hMmqO SYcM3 zwVFG _1BqKa _3AExf _3HiTE x9R1x pDrMR hmFfs _390V1\" data-component=\"Heading\">Hot market starting to cool<\/h2>\n<figure class=\"_247xw _3qLh5 _sBMB _3pBTa\" role=\"group\" data-print=\"inline-media\" aria-labelledby=\"101087592\" data-component=\"Figure\" data-uri=\"coremedia:\/\/imageproxy\/101087592\">\n<div class=\"_3poXF\" data-component=\"IntersectionObserver\">\n<div class=\"_1Axyg\" data-component=\"AspectRatioContainer\"><img decoding=\"async\" class=\"jMqWO _1PHKk\" src=\"https:\/\/live-production.wcms.abc-cdn.net.au\/b7e06a0dd69af741bf9d73492ca1428d?impolicy=wcms_crop_resize&amp;cropH=2242&amp;cropW=3363&amp;xPos=629&amp;yPos=0&amp;width=862&amp;height=575\" sizes=\"100vw\" alt=\"This aerial shot shows the sun rising over Launceston General Hospital.\" data-component=\"Image\" \/><\/div>\n<\/div><figcaption id=\"101087592\" class=\"_1EAJU _2_dbS _2L258 _14LIk _3pVeq hmFfs _2F43D\" data-component=\"Figure__figcaption\"><em><em><strong>Unit prices in Launceston and north-east Tasmania are growing faster than in any\u00a0of Australia&#8217;s\u00a025 largest non-capital regions.<cite class=\"_1EAJU _1ftZy _2L258 _14LIk _3pVeq hmFfs _2F43D\" data-component=\"Figure__cite\">(<span class=\"_1EAJU _1s6pr _2L258 _1BqKa _3pVeq hmFfs _2F43D\" data-component=\"Byline\"><span class=\"_1EAJU _2L258 _14LIk _3pVeq hmFfs _2F43D\" data-component=\"Text\">ABC News: Luke Bowden<\/span><\/span>)<br \/>\n<\/cite><\/strong><\/em><\/em><\/p>\n<div class=\"entry-featured-img-wrap\"><a class=\"entry-featured-img-link\" href=\"https:\/\/propertynoise.co.nz\/au\/inside-the-humble-housing-commission-home-where-our-new-prime-minister-was-raised\/\"><img loading=\"lazy\" decoding=\"async\" class=\"attachment-hoot-medium-thumb  entry-content-featured-img entry-grid-featured-img wp-post-image lazyloaded\" src=\"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2022\/05\/Anthony-Albanese-and-his-partner-Jodie-Haydon-460x270.jpg\" alt=\"Anthony Albanese\u00a0 and his partner Jodie Haydon\" width=\"460\" height=\"270\" data-src=\"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2022\/05\/Anthony-Albanese-and-his-partner-Jodie-Haydon-460x270.jpg\" \/><\/a><\/div>\n<div class=\"entry-grid-content\">\n<header class=\"entry-header\">\n<h2 class=\"entry-title\"><a href=\"https:\/\/propertynoise.co.nz\/au\/inside-the-humble-housing-commission-home-where-our-new-prime-minister-was-raised\/\" rel=\"bookmark\">Inside the humble housing commission home where our new Prime Minister was raised<\/a><\/h2>\n<\/header>\n<\/div>\n<p><em><strong><cite class=\"_1EAJU _1ftZy _2L258 _14LIk _3pVeq hmFfs _2F43D\" data-component=\"Figure__cite\"><br \/>\n<\/cite><\/strong><\/em><\/figcaption><\/figure>\n<p><a href=\"https:\/\/www.abc.net.au\/news\/2022-05-24\/home-ownership-not-the-australian-dream-for-launceston-renters\/101078552\">READ MORE VIA ABC<\/a><\/p>\n<div class=\"entry-featured-img-wrap\"><a class=\"entry-featured-img-link\" 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data-src=\"https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img,w_75,h_75\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/93711-featured-75x75.jpg\" data-srcset=\"https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/93711-featured-75x75.jpg, https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/93711-featured-75x75@1.5x.jpg 1.5x, https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/93711-featured-75x75@2x.jpg 2x, https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/93711-featured-75x75@2.5x.jpg 2.5x, 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data-src=\"https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img,w_75,h_75\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/93816-featured-75x75.jpg\" data-srcset=\"https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/93816-featured-75x75.jpg, https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/93816-featured-75x75@1.5x.jpg 1.5x, https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/93816-featured-75x75@2x.jpg 2x, https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/93816-featured-75x75@2.5x.jpg 2.5x, https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img\/https:\/\/www.propertynoise.co.nz\/wp-content\/uploads\/wordpress-popular-posts\/93816-featured-75x75@3x.jpg 3x\" alt=\"Short term mortgage rates\" width=\"75\" height=\"75\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 75px; --smush-placeholder-aspect-ratio: 75\/75;\" \/><\/a><a class=\"wpp-post-title\" href=\"https:\/\/www.propertynoise.co.nz\/short-term-mortgage-rates-will-rise-by-at-least-a-quarter-of-a-percent\/\" target=\"_self\" rel=\"noopener\">Short term mortgage rates will rise by at least a quarter of a percent<\/a><\/li>\n<\/ul>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: The Australian Dream. TWITTER. 9NEWS Home ownership is not<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/not-my-australian-dream-the-lifelong-renters-not-buying-into-the-countrys-property-obsession\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":38809,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478120550,478109126,478100363,478111894,478121483,478117790,478098824,478098566,478098519,478116789,478111822,478098513,478098579,478098510,478098514,478098511,478098509,478121484,478118445],"class_list":["entry","author-data123nz","post-38808","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-aussie-home-ownership","tag-aussie-house-prices","tag-australian-dream","tag-australian-property-ladder","tag-corelogic-regional-market-update","tag-fhbs","tag-first-home","tag-first-home-buyers","tag-home-ownership","tag-home-ownership-ladder","tag-home-ownership-program","tag-property","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-news","tag-soaring-property-prices","tag-the-australian-dream"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Not my Australian dream: The lifelong renters not buying into the country&#039;s property obsession - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/not-my-australian-dream-the-lifelong-renters-not-buying-into-the-countrys-property-obsession\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Not my Australian dream: The lifelong renters not buying into the country&#039;s property obsession - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"PHOTO: The Australian Dream. 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