Australia’s rental market has been significantly impacted by volatile housing prices
The Australian housing market has experienced significant volatility in recent years. This instability has had a profound impact on the rental market, making it increasingly difficult and expensive for tenants to find suitable accommodation.
In this job, we see the effects of this every day. Up to 10% of adults are moving back into the family home.
Rising rents
The most obvious effect of the volatile housing market on renting has been a sharp increase in rents. According to a report by the Domain Group, median weekly rents across Australia rose by 9.4% in the year to June 2023. This was the largest annual increase since 2004.
There are a number of factors that have contributed to this rise. One is the strong demand for rental properties. This is due in part to population growth, as well as a decline in the number of people buying homes.
Another contributing factor is the shortage of rental properties. This is due in part to a slowdown in the construction of new rental properties.
Decreased vacancy rates
The combination of strong demand and a shortage of supply has led to a significant decrease in vacancy rates. According to SQM Research, the vacancy rate for apartments across Australia fell to 1.1% in June 2023. This was the lowest level in over 15 years.
Such a low vacancy rate has made it difficult for tenants to find suitable accommodation.
It has also given landlords more power to set higher rents.
Impact on tenants
The volatile housing market has had a significant impact on tenants. Many tenants in the rental market are struggling to make ends meet. This has led to an increase in rental stress – when more than 30% of a household’s income is spent on rent.
financial hardship
poor mental health
and even homelessness
Government response
The Australian government has taken some steps to address the rental crisis.
In 2022, the government introduced a number of measures, including:
A temporary increase to the National Rental Assistance Scheme (NRAS)
A $10,000 Housing Assistance Payment (HAP) for low-income tenants who are struggling to keep up with their rent
The government has also committed to increasing the supply of affordable housing. However, it is likely to be some time before these measures have a significant impact on the rental market.
A profound effect
The volatile housing market has had a profound impact on the rental market in Australia.
Australia’s rental market is in turmoil, there’s no denying it. Vacancy rates have decreased, tenants are struggling to afford rent. The government has taken some steps to address the rental crisis, but it is likely to be some time before these measures have a significant impact.
What sort of thing can be done to fix the rental market in 2024?
Addressing the volatile housing market and its impact on renting requires a comprehensive approach that tackles both supply and demand factors.
Increase housing supply
This could be achieved by streamlining planning and development processes, encouraging the construction of high-density housing, and investing in infrastructure that supports urban densification.
Address investor demand
Reviewing policies that favor investment in property over homeownership, such as negative gearing and capital gains tax concessions, could discourage excessive investment and free up more properties for genuine owner-occupiers.
Strengthen tenant protections
Implementing stricter rental affordability measures, such as rent caps and stricter guidelines for rental increases, could make renting more sustainable for tenants.
Expand social housing
Investing in the development and maintenance of social housing would provide more affordable options for low-income households and reduce pressure on the rental market overall.
Promote alternative housing options
Encouraging the development of co-living and other shared housing arrangements could provide more flexible and affordable housing options for singles and young professionals.
Improve rental market transparency
Enhancing data collection and sharing on rental properties, such as vacancy rates and rental price trends, could help tenants make informed decisions and reduce price gouging.
Strengthen tenant rights education
Providing tenants with better information about their rights and responsibilities could empower them to advocate for their interests and negotiate more favorable rental agreements.
Support community housing providers
Expanding the capacity of community housing providers could help meet the diverse needs of vulnerable and low-income households in the rental market.
Encourage responsible lending
Tightening lending practices for property investors could reduce speculation and potential market instability, contributing to a more stable rental market.
Invest in rental assistance programs
Expanding and enhancing rental assistance programs, such as the National Rental Assistance Scheme (NRAS), could provide targeted support to low-income households struggling with rental costs.
Addressing the volatile housing market and its impact on renting is a complex challenge that requires a multifaceted approach. By implementing a combination of these strategies, Australia can work towards a more equitable and affordable rental market that provides quality housing options for all.
Moving furniture can be a daunting task, especially when you’re worried about preserving the pristine condition of your wooden or tiled floors. And keeping 100% of your bond! To help you navigate through this process, here are five essential tips to ensure that floors remain scratch-free as you move objects or rearrange an interior space.
1. Plan Your Route
Prepare the Path
Before you start moving furniture, plan your escape route.
Clear obstacles from your path to avoid unnecessary dragging or bumping that could damage your floor.
Measure Up
Next, measure the dimensions of your furniture and the doorways or hallways you’ll be navigating. This ensures you won’t have to force or scrape your pieces through too-tight spaces.
Planning saves time
2. Lift, Don’t Drag When Moving Furniture
Use the Right Technique
When moving furniture, always lift it rather than dragging it across the floor. This helps prevent scratches and scuffs. Get some help if the item is too heavy to lift on your own.
Use Lifting Tools
Consider using lifting tools such as;
furniture sliders
moving blankets,
or a furniture dolly
These tools are designed to distribute the weight of the furniture evenly, reducing the risk of floor damage.
3. Protect Your Floors
Lay Down Protective Materials
Lay down protective materials like cardboard, plywood, or plastic sheeting on your floor. These materials will act as a barrier between your floor and the furniture, preventing any potential damage.
Use Furniture Pads
Attach furniture pads or felt to the bottom of your furniture. They provide a soft buffer that can prevent scratches when you’re moving furniture around.
4. Dismantle Larger Pieces
Lighten the Load
Dismantle larger pieces of furniture, if possible, to make them lighter and easier to move. This can also prevent damage to your furniture and doors since smaller parts are easier to maneuver.
Keep Track of All Parts
Remember to keep track of all the screws, bolts, and other small parts. Use labeled bags to store them so you can easily reassemble your furniture later.
5. Seek Professional Help
Hire Professional Movers
If you’re still worried about moving furniture without scratching the floor, consider hiring professional movers. They have the right tools, skills, and experience to move your furniture safely.
Check Their Credentials
Before hiring, make sure the movers are insured and have good reviews. This will give you peace of mind knowing that your floors and furniture are in good hands.
By taking the time to properly prepare, protect, and possibly even seek professional help, you can ensure that moving furniture doesn’t mean compromising on the condition of your floors. With these five tips in mind, you can confidently rearrange your space, knowing your floors will remain as flawless as ever.
Ensuring Smooth Home Removals in Perth’s Rain, Hail or Shine
When it comes to moving your goods and chattels from one home to another here in Perth, it’s crucial to rely on the expertise of professional Perth removalists. Our dedicated home moving team play a vital role in ensuring a smooth transition for homeowners and renters alike. Let’s delve into the world of Perth removalists, exploring their challenging job, while also highlighting the impact of Perth’s unique weather conditions on the moving process. Whether it’s rain or scorching heat, AAA Bargain removalists’ dedication remains unwavering.
The Role of Perth Removalists
Perth removalists are highly skilled professionals who specialise in the efficient and secure transportation of household belongings. They possess the necessary expertise, equipment, and logistical knowledge to handle moves of any size, from small apartments to large family homes. Their primary objective is to ensure a hassle-free moving experience for their clients.
Weather Challenges in Perth
Perth’s climate can be unpredictable, with rain and hot weather posing unique challenges during the moving process. Rain showers can make surfaces slippery, potentially compromising the safety of both removalists and the items they are transporting. On the other hand, scorching heat can lead to exhaustion and dehydration. However, Perth removalists are well-prepared to face these weather conditions. They use protective coverings to shield furniture and delicate items from rain, and they prioritize hydrating themselves regularly to stay focused and energised.
The Stress of Moving for Removalists
While moving can be a stressful experience for homeowners and renters, it’s essential to acknowledge that removalists also bear a significant portion of this stress. They are responsible for handling valuable possessions, often navigating tight spaces and challenging staircases. Additionally, they may encounter unexpected obstacles or delays that can impact their schedule. Despite these challenges, Perth removalists remain dedicated to providing exceptional service and ensuring their clients’ satisfaction.
Perth Home Removals
To truly understand the world of Perth home removals, familiarising oneself with the relevant lexicon is crucial. Here are some key terms commonly used in the industry:
Packing Supplies
Removalists utilize various packing materials such as moving boxes, packing tape, bubble wrap, and furniture blankets to safeguard belongings during transportation.
Furniture Dolly
A wheeled device used to transport heavy and bulky furniture items efficiently.
Inventory Checklist
A detailed record of all items being moved, ensuring their proper handling and organization.
Assembly/Disassembly
Removalists are skilled in dismantling and reassembling furniture and appliances, maximizing space and making the moving process more manageable.
Storage Solutions
Removalist companies often offer secure storage facilities for short-term or long-term storage needs.
Perth removalists play a vital role in easing the stress and challenges associated with moving homes. They navigate through rain and heat while ensuring the safe transportation of belongings. By relying on their expertise, homeowners and renters can experience a seamless transition to their new residences. Rain or shine, Perth removalists are committed to providing top-notch service, making them an indispensable part of the moving process.
Moving house can be a stressful experience for anyone, but it can be especially challenging for families with small children. Moving with children, who are naturally resistant to change, is challenging. They will have difficulty understanding why they have to leave their home and friends behind.
Tips on how to make moving with children a little bit easier
Start talking about the move early
Explain to your children why you are moving and what to expect. Show them pictures of your new home and neighborhood, and take them for a visit if possible.
Get your children involved in the packing process
Let them choose their favourite toys and belongings to pack first. You can also give them their own box to decorate and fill with special items.
Pack a “moving day kit” for your children
This kit should include everything they need to stay entertained and comfortable on moving day, such as snacks, drinks, toys, and books.
Arrange childcare for moving day
This will allow you to focus on the move without having to worry about your children.
Set up your children’s bedrooms first
This will give them a familiar space to retreat to when they arrive at your new home.
Be patient and understanding
Moving house can be a difficult adjustment for children, so be patient and understanding as they adapt to their new surroundings.
Additional tips for moving with children
Keep their routine as consistent as possible.
Try to stick to their regular mealtimes, nap times, and bedtimes.
Help them to feel safe and secure.
Let them know that you are there for them and that their new home is a safe place.
Encourage them to explore their new surroundings.
Take them for walks around the neighbourhood and show them their new school and playground.
Introduce them to new friends.
Help them to meet other children in the area by enrolling them in activities or taking them to the park.
Moving house with small children can be challenging, but it is possible to make it a positive experience for everyone involved. By following these tips, you can help your children to adjust to their new home and make new friends.
Moving costs when moving to a new home can get out of hand. Moving is exciting, right? It can also be stressful.
But sometimes, moving costs can get out of hand. Moving can be financially challenging.
From hiring professional movers to covering and labeling packing supplies (and transportation expenses), moving costs quickly add up. With careful planning and strategic decision-making, you can significantly minimise the financial burden of moving home. Let’s explore 11 great saving tips and discussing strategies to reduce the overall time it takes for your move.
How to Save Money When Moving Home
1. Plan Ahead and Get Multiple Quotes
One of the most significant money-saving tips for a home relocation is to plan well in advance. Start by researching and obtaining quotes from several moving companies. Compare services, rates, and customer reviews. By doing this, you can secure a more affordable deal while ensuring a reliable and efficient move.
2. Declutter by Selling Unwanted Items
Or simply donate your unwanted items to a new home
Before packing, declutter your belongings and sell or donate items you no longer need. Not only will this reduce the number of things to move, but it can also help you earn some extra cash to offset moving costs.
3. Pack Yourself to save moving costs
While hiring professional packers may seem convenient, it can significantly increase your moving expenses. Opt to pack your belongings yourself using sturdy boxes and packing materials. Here’s an article all about labeling. Enlist the help of friends and family to speed up the process and avoid unnecessary expenses.
4. Use Free or Recycled Packing Supplies
Instead of buying new packing materials, consider using free or recycled boxes from local stores or online marketplaces. Additionally, use blankets, towels, and clothing to wrap fragile items, saving on bubble wrap and other protective materials.
5. Time Your Move Wisely
The timing of your move can impact the cost significantly. Moving during peak seasons or on weekends often comes with higher prices. If possible, choose a less busy time for your relocation to secure better rates from moving companies (like ours).
6. Negotiate with Professional Moving Companies
Don’t hesitate to negotiate with moving companies to get the best possible deal.
Some companies may be willing to offer discounts or special packages, especially if you’re flexible with your move dates.
7. A Consolidated Move?
If you have a small load, consider a consolidated or shared move, where your belongings are combined with those of other customers heading in the same direction. This can be a cost-effective option, especially for long-distance moves.
8. Choose the Right Transportation Option
Carefully assess your moving needs to determine the most suitable transportation option. Renting a moving truck and driving it yourself can be more budget-friendly for short-distance moves, whereas for long-distance relocations, shipping containers or freight services might offer better value.
9. Enquire About Insurance Options
It might seem like an additional cost, but getting moving insurance is a wise investment. If unforeseen accidents or damages happen during the move, insurance can save you from hefty replacement expenses.
10. Utilise Temporary Storage
If there’s a gap between your move-out and move-in dates, consider using temporary storage facilities. We use moving containers which can be stored on site until your new place becomes available (or a reconstruction has finished). This can prevent the rush to find a new home and provide time for more cost-effective decisions.
11. Deduct Moving Expenses off Your Taxes
If you’re relocating for work, some moving expenses may be tax-deductible.
Consult a tax professional to see if you qualify for any tax breaks related to your move.
Minimise the Time of Your Move
Beyond cost-saving strategies, minimising the time it takes to move is equally essential. Here are 5 tips to ensure an efficient and swift relocation:
1. Create a Detailed Moving Schedule
Plan every step of your move meticulously and create a timeline to ensure a smooth process. Allocate specific days for packing, loading, transportation, and unloading, and stick to the schedule as closely as possible.
2. Hire Experienced Movers
Choosing experienced and reliable movers can save you time and reduce the risk of delays. Their expertise and efficient handling of your belongings can streamline the entire process.
3. Label Boxes Clearly
Ensure that each box is labeled clearly with its contents and the room it belongs to. This will save time during unpacking and help the movers place the boxes in the correct rooms at your new home.
4. Pack an Essentials Box
Pack a separate box with essential items such as
toiletries
medication
important documents
a few clothes.
This way, you won’t waste time searching for necessities upon arrival.
5. Coordinate with Service Providers
Arrange for phone, internet, electric and gas and other necessary connections to be set up at your new home before you arrive.
This will prevent delays getting your new abode up and running smoothly.
In short, reducing the costs and time associated with a home relocation requires careful planning, smart decisions, and clever, efficient execution. By following the tips above, and incorporating strategies to streamline your move, you can enjoy a seamless transition to your new home without breaking the bank.
Remember to be;
organised
flexible, and
open to exploring different options
to ensure a successful and stress-free move while minimising moving costs.
If you’re still worried about moving furniture without scratching the floor, consider hiring professional movers. They have the right tools, skills, and experience to move your furniture safely.
Perth removalists are highly skilled professionals who specialise in the efficient and secure transportation of household belongings. They possess the necessary expertise, equipment, and logistical knowledge to handle moves of any size, from small apartments to large family homes. Their primary objective is to ensure a hassle-free moving experience for their clients.
1. Plan Ahead and Get Multiple Quotes