The only real reference point to what is happening in the rental market now is the worldwide social catastrophe which followed the Wall Street crash of 1929 - and became the longest, deepest depression of the 20th century. The outlook for next year appears to be even more dire, recent data shows, with double-digit rental price rises now predicted for 2023 and investor landlords set to rake it in while tenants deal with sky-high bills. Housing experts say official records show no comparable shortage of available tenancies since the Great Depression in the 1930s. More than 100 groups came to view the home, with half the usual number of houses currently for sale in Perth.Īnthony Albanese's government is under increasing pressure to act on a nationwide housing shortage, with one major charity demanding it be declared a 'national emergency'.
One room shows a sliding door that had fallen off its hinges, while elsewhere in the house there are wires hanging loose. Photos show the home covered in dirt and grime, with outdated work throughout the property.
The sale of the home is much lower than the average for its area where the median house is sold for $723,000. Mr Warne said he couldn't find anywhere in the house to put his iPad down because it was 'really, really dirty'.Īgent said people 'run out the home and nearly throw up' and that he couldn't find anywhere in the house to put his iPad down because it was 'really really dirty' He added that he had people 'run out the home and nearly throw up' because the house was left in such a terrible state. 'To give you some idea, if I was buying it, I would turn off the power, rip out all cabinetry and floor coverings then power-wash all of the walls and windows before starting.' 'The building itself looks OK, not that I am a builder (make your own investigations there), but boy, does this place need work. 'In all of my years in real estate I don't think I have seen a house that is cosmetically worse,' Mr Warne told The West Australian. Mr Warne said he urged buyers to 'detonate' the home, which had belonged to an elderly person. The three-bedroom home sold for the upper end of its asking price between $450,000 and $500,000. Despite being covered in so much dirt the buyers can't see the colour of the tiles or carpet, the three-bedroom home sold for the upper end of its asking price, between $450,000 and $500,000
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