{"id":45273,"date":"2023-11-14T14:07:00","date_gmt":"2023-11-14T01:07:00","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=45273"},"modified":"2023-11-14T14:13:20","modified_gmt":"2023-11-14T01:13:20","slug":"tiktok-video-highlighting-on-the-nations-ridiculous-housing-crisis","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/tiktok-video-highlighting-on-the-nations-ridiculous-housing-crisis\/","title":{"rendered":"TikTok video highlighting on the nation&#8217;s &#8216;ridiculous&#8217; housing crisis"},"content":{"rendered":"<p><strong>PHOTO: Tijana Jovic. INSTAGRAM<\/strong><\/p>\n<p>Another young Australian has expressed the challenges of purchasing a home, lamenting the escalating housing crisis in the nation. Tijana Jovic, hailing from Western Australia, found herself amidst 30 competing families during an inspection for a seemingly &#8216;small&#8217; home that couldn&#8217;t accommodate even half of her clothes.<\/p>\n<p>In a <a href=\"https:\/\/propertynoise.co.nz\/au\/?s=TikTok&amp;submit=Search\">TikTok<\/a> rant on Monday, Jovic predicted that the home would likely sell for at least $100,000 above its market listing. She was surprised to discover that offers were closing much earlier than expected, with people submitting bids just 15 minutes after arriving at the property.<\/p>\n<blockquote class=\"tiktok-embed\" cite=\"https:\/\/www.tiktok.com\/@tijanajovic_\/video\/7300416893637135623\" data-video-id=\"7300416893637135623\" data-embed-from=\"oembed\" style=\"max-width: 605px;min-width: 325px;\" >\n<section> <a target=\"_blank\" title=\"@tijanajovic_\" href=\"https:\/\/www.tiktok.com\/@tijanajovic_?refer=embed\">@tijanajovic_<\/a> <\/p>\n<p>WA house market rant ???? its getting ridiculous \u2026! <a title=\"fyp\" target=\"_blank\" href=\"https:\/\/www.tiktok.com\/tag\/fyp?refer=embed\">#fyp<\/a> <a title=\"buyingahouse\" target=\"_blank\" href=\"https:\/\/www.tiktok.com\/tag\/buyingahouse?refer=embed\">#buyingahouse<\/a> <\/p>\n<p> <a target=\"_blank\" title=\"\u266c original sound - Tijana Jovic\" href=\"https:\/\/www.tiktok.com\/music\/original-sound-7300416911114832642?refer=embed\">\u266c original sound &#8211; Tijana Jovic<\/a> <\/section>\n<\/blockquote>\n<p> <script async src=\"https:\/\/www.tiktok.com\/embed.js\"><\/script><\/p>\n<p>Jovic observed at least five groups approaching the real estate agent, eager to inquire about placing offers on the home. Initially thinking that buying a house would be a &#8220;fun and exciting&#8221; process, Jovic, like many others, was disheartened by the current challenges. Numerous Australians in similar situations responded to Jovic&#8217;s post, offering advice and sharing their own experiences.<\/p>\n<p>Amidst the discussions, median property prices in Australia&#8217;s capital cities were highlighted:<\/p>\n<ul>\n<li>Melbourne: $937,736<\/li>\n<li>Sydney: $1,396,888<\/li>\n<li>Brisbane: $860,465<\/li>\n<li>Perth: $660,069<\/li>\n<li>Adelaide: $753,575<\/li>\n<li>Hobart: $705,919<\/li>\n<li>Darwin: $578,704<\/li>\n<\/ul>\n<p>Source: Property Update<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"57R68AjxIj\"><p><a href=\"https:\/\/propertynoise.co.nz\/au\/most-beautiful-real-estate-agents-in-croatia\/\">Most beautiful real estate agents in Croatia<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content lazyload\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u201cMost beautiful real estate agents in Croatia\u201d \u2014 Property News Australia\" data-src=\"https:\/\/propertynoise.co.nz\/au\/most-beautiful-real-estate-agents-in-croatia\/embed\/#?secret=lWvHmNDS9L#?secret=57R68AjxIj\" data-secret=\"57R68AjxIj\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" data-load-mode=\"0\"><\/iframe><\/p>\n<p>Some individuals cautioned against buying in the current market, citing concerns about the economy potentially experiencing a recession by the end of 2024. Others shared their success stories, including using buyer&#8217;s agents and strategically placing offers.<\/p>\n<p>The broader conversation touched upon the challenges faced by young professionals in Australia, with some attributing their difficulty in entering the property market to their family&#8217;s financial history. The sentiment echoed a Reddit post by a young electrician who expressed the belief that homeownership was becoming increasingly unattainable for many, despite earning a good salary.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"hg50jBmtKw\"><p><a href=\"https:\/\/propertynoise.co.nz\/au\/encounter-the-tiktoker-shedding-light-on-australias-most-appalling-rentals-a-desperate-last-option-watch\/\">Encounter the TikToker Shedding Light on Australia&#8217;s Most &#8216;Appalling&#8217; Rentals: A Desperate Last Option | WATCH<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content lazyload\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u201cEncounter the TikToker Shedding Light on Australia\u2019s Most \u2018Appalling\u2019 Rentals: A Desperate Last Option | WATCH\u201d \u2014 Property News Australia\" data-src=\"https:\/\/propertynoise.co.nz\/au\/encounter-the-tiktoker-shedding-light-on-australias-most-appalling-rentals-a-desperate-last-option-watch\/embed\/#?secret=oPxH60J336#?secret=hg50jBmtKw\" data-secret=\"hg50jBmtKw\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" data-load-mode=\"0\"><\/iframe><\/p>\n<p>As national property prices are expected to rise by up to 5% in 2023, the ongoing housing crisis continues to be a pressing concern. The discussion also highlighted the impact of factors such as limited housing supply, rising interest rates, and economic uncertainties on the property market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: Tijana Jovic. INSTAGRAM Another young Australian has expressed the<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/tiktok-video-highlighting-on-the-nations-ridiculous-housing-crisis\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":33741,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478128566,478098815,478128569,478099532,478098538,478098593,478099031,478102635,478128563,478128567,478128565,478098807,478128559,478099924,478098954,478127413,478098845,478107763,478098537,478103652,478098539,478098579,478128564,478128568,478128562,478098511,478098533,478100215,478102058,478101006,478098536,478128560,478109622,478128561,478099380,478128558,478127128],"class_list":["entry","author-data123nz","post-45273","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-2023-property-forecast","tag-adelaide","tag-australian-housing-crisis","tag-australian-housing-market","tag-brisbane","tag-buyers-agent","tag-capital-cities","tag-darwin","tag-economic-recession","tag-economic-uncertainties","tag-financial-challenges","tag-hobart","tag-home-buying-struggle","tag-homeownership","tag-housing-affordability","tag-housing-competition","tag-housing-crisis","tag-median-property-prices","tag-melbourne","tag-national-property-prices","tag-perth","tag-property-market","tag-property-offers","tag-property-trends","tag-property-update","tag-real-estate","tag-real-estate-agent","tag-rental-vacancy-rates","tag-rising-interest-rates","tag-sqm-research","tag-sydney","tag-tijana-jovic","tag-tiktok","tag-tiktok-rant","tag-western-australia","tag-young-australian","tag-young-professionals"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>TikTok video highlighting on the nation&#039;s &#039;ridiculous&#039; housing crisis - 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\/tiktok-video-highlighting-on-the-nations-ridiculous-housing-crisis\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TikTok video highlighting on the nation&#039;s &#039;ridiculous&#039; housing crisis - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"PHOTO: Tijana Jovic. 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