1
00:00:00,400 --> 00:00:13,760
Speaker 1: By sign for Fly Fly It's time room. Yeah, it's

2
00:00:13,840 --> 00:00:16,000
Speaker 1: time for podcast.

3
00:00:16,560 --> 00:00:19,119
Speaker 2: Hello, it's kind of a depressing story we're talking about

4
00:00:19,120 --> 00:00:22,640
Speaker 2: today in the podcast Sydney Real Estate since how Crazy.

5
00:00:22,680 --> 00:00:28,360
Speaker 2: This is an enclosed balcony in the city CBD has

6
00:00:28,400 --> 00:00:31,640
Speaker 2: been listed online as a room to rent for three

7
00:00:31,680 --> 00:00:34,120
Speaker 2: hundred and sixty a week. You know what about that

8
00:00:34,159 --> 00:00:37,519
Speaker 2: song John English saying Hollywood seven, you can dream your

9
00:00:37,600 --> 00:00:40,760
Speaker 2: dreams for seven bucks a night. Yeah, that was cheaper

10
00:00:40,800 --> 00:00:41,040
Speaker 2: than this.

11
00:00:41,360 --> 00:00:44,080
Speaker 1: But she got murdered by a crazy person if you

12
00:00:44,159 --> 00:00:44,800
Speaker 1: put it like that.

13
00:00:45,000 --> 00:00:46,600
Speaker 2: But that wasn't in the real estate ad.

14
00:00:47,560 --> 00:00:50,239
Speaker 3: You should mention that this is what we're living with

15
00:00:50,520 --> 00:00:53,199
Speaker 3: at the moment because we're taking in too much migration

16
00:00:53,800 --> 00:00:56,160
Speaker 3: and at the same time, we're not building the infrastructure.

17
00:00:56,160 --> 00:00:56,600
Speaker 1: I was watching it.

18
00:00:56,960 --> 00:00:59,560
Speaker 2: We're not building infrastructure because we're just building buildings, the

19
00:00:59,560 --> 00:01:00,840
Speaker 2: only indust that's thriving.

20
00:01:00,920 --> 00:01:03,280
Speaker 3: Okay, this is what the problem is. I'm just putting

21
00:01:03,280 --> 00:01:05,160
Speaker 3: on my hard hat. Actually I'm not going to wear

22
00:01:05,160 --> 00:01:07,319
Speaker 3: a hard hat because there's nothing going to fall on

23
00:01:07,360 --> 00:01:11,880
Speaker 3: my head. What happens is all the government, the government

24
00:01:12,720 --> 00:01:14,720
Speaker 3: or the das, all those things, they're caught up in

25
00:01:14,800 --> 00:01:18,560
Speaker 3: red tape. So we don't allow the various places to

26
00:01:18,600 --> 00:01:21,319
Speaker 3: be built. So, for example, there's a place in Blacktown,

27
00:01:21,920 --> 00:01:24,640
Speaker 3: a street there which has got a bunch of housing

28
00:01:24,640 --> 00:01:26,759
Speaker 3: commissioned homes if you want to call them, about four

29
00:01:26,840 --> 00:01:29,760
Speaker 3: or five together. They're nice homes anyway, they want to

30
00:01:29,760 --> 00:01:31,200
Speaker 3: get rid of them because they're all fibro ones.

31
00:01:31,200 --> 00:01:32,559
Speaker 1: I want to put up these units.

32
00:01:32,880 --> 00:01:35,840
Speaker 3: That's all well and good, of course, except these houses

33
00:01:35,880 --> 00:01:38,600
Speaker 3: have been abandoned now for close on three years.

34
00:01:38,760 --> 00:01:40,720
Speaker 2: Why why are they abandoned? There's so much need for

35
00:01:40,760 --> 00:01:41,280
Speaker 2: government house.

36
00:01:41,400 --> 00:01:43,039
Speaker 3: They've got the old tenants out and said, oh, we're

37
00:01:43,080 --> 00:01:44,240
Speaker 3: building new ones.

38
00:01:43,959 --> 00:01:46,280
Speaker 1: Here and haven't started, and they're dicking around.

39
00:01:46,640 --> 00:01:49,920
Speaker 3: So listen, you dumb ass bureaucrats, pull your finger out

40
00:01:49,960 --> 00:01:52,040
Speaker 3: of your asses and have a look what's going on.

41
00:01:52,160 --> 00:01:54,320
Speaker 3: It's all well and good to get all this migration. Oh,

42
00:01:54,720 --> 00:01:56,760
Speaker 3: let's you know, populate or perish.

43
00:01:56,840 --> 00:01:57,760
Speaker 1: That's all well and good.

44
00:01:57,880 --> 00:02:00,400
Speaker 3: But if you're taking seven hundred and fifty thousand people

45
00:02:00,480 --> 00:02:02,600
Speaker 3: in a year, which we've done in the last a

46
00:02:02,680 --> 00:02:05,240
Speaker 3: fiscal year, you've got to have somewhere to put them.

47
00:02:05,280 --> 00:02:07,320
Speaker 2: But also, I think people are caught between a rock

48
00:02:07,360 --> 00:02:09,799
Speaker 2: and a hard place. That push for the Australian dream

49
00:02:09,880 --> 00:02:12,239
Speaker 2: to own your own home without the bank of Mum

50
00:02:12,280 --> 00:02:16,360
Speaker 2: and dad. Practically that's not going to happen, and we

51
00:02:16,400 --> 00:02:18,880
Speaker 2: don't support anyone in the rental system. One in four

52
00:02:18,919 --> 00:02:22,920
Speaker 2: Australians rents like a quarter of Australian's rent and we

53
00:02:22,960 --> 00:02:25,200
Speaker 2: send to ignore them too. If you rent in Europe,

54
00:02:25,480 --> 00:02:27,680
Speaker 2: you can rent for your whole life and you have security.

55
00:02:27,720 --> 00:02:29,240
Speaker 2: You know your kid's going to go to the same school.

56
00:02:29,440 --> 00:02:31,680
Speaker 2: Here you get kicked out after two years because someone's

57
00:02:31,680 --> 00:02:34,360
Speaker 2: going to flip that house and buy something else or whatever.

58
00:02:34,800 --> 00:02:38,200
Speaker 2: Our rental market is dreadful, as seeing here three hundred

59
00:02:38,200 --> 00:02:41,720
Speaker 2: and sixty dollars a week to rent a balcony, So

60
00:02:41,760 --> 00:02:43,760
Speaker 2: you can't win as a buyer, and you can't win

61
00:02:43,800 --> 00:02:44,400
Speaker 2: as a renter.

62
00:02:44,720 --> 00:02:46,040
Speaker 1: Who's winning, Who's winning?

63
00:02:46,120 --> 00:02:47,800
Speaker 2: And every day on the news we're hearing, oh, the

64
00:02:47,800 --> 00:02:50,120
Speaker 2: cost of living crisis where people can't get into the

65
00:02:50,120 --> 00:02:53,079
Speaker 2: housing industry. The next news story will be which suburbs

66
00:02:53,080 --> 00:02:56,200
Speaker 2: are performing best. So we're still fueled by this real

67
00:02:56,320 --> 00:02:58,680
Speaker 2: estate fervor of how much money we're making.

68
00:02:58,960 --> 00:03:01,920
Speaker 3: It's very unattractive made from Luck's listings, driving around in

69
00:03:01,960 --> 00:03:05,919
Speaker 3: his Lamborghinis selling these incredibly expensive waterfront mansions in the

70
00:03:05,960 --> 00:03:09,040
Speaker 3: eastern suburbs from one rich person to another rich person.

71
00:03:09,200 --> 00:03:11,320
Speaker 3: And then we've got terrible stories, as you say, about

72
00:03:11,320 --> 00:03:15,280
Speaker 3: someone living on a balcony. It's all part of the

73
00:03:15,320 --> 00:03:18,760
Speaker 3: great tapestry of the country we live in. But also

74
00:03:18,880 --> 00:03:21,720
Speaker 3: this is everywhere around the world. This is worldwide. Is

75
00:03:21,760 --> 00:03:22,720
Speaker 3: housing crisis?

76
00:03:22,800 --> 00:03:24,960
Speaker 2: Well, this place here is advertising in case you're interested.

77
00:03:25,480 --> 00:03:29,320
Speaker 2: Fully furniture. It says fully furnished, sunny room, fully furnished.

78
00:03:29,480 --> 00:03:31,639
Speaker 2: All that fits in. There is a bed three and

79
00:03:31,800 --> 00:03:34,960
Speaker 2: sixty per week including bills, share a bathroom with only

80
00:03:35,000 --> 00:03:38,760
Speaker 2: one person ready to move in now easy to go anywhere.

81
00:03:39,160 --> 00:03:41,960
Speaker 2: So you can see a photo of it. Here. There's

82
00:03:42,040 --> 00:03:45,760
Speaker 2: glass sliding doors separating the balcony yeah from this unit,

83
00:03:45,920 --> 00:03:47,880
Speaker 2: So pretty much you're sleeping on a balcony.

84
00:03:47,880 --> 00:03:50,720
Speaker 1: You're on a balcony. Wow.

85
00:03:50,920 --> 00:03:52,640
Speaker 2: You can also rent the room next to it if

86
00:03:52,720 --> 00:03:56,040
Speaker 2: you'd like, yep, for four hundred and ninety five. So

87
00:03:56,080 --> 00:03:57,800
Speaker 2: you're going to be sleeping on a balcony while someone

88
00:03:57,840 --> 00:04:00,320
Speaker 2: who's renting for nearly five hundred dollars a week is

89
00:04:00,360 --> 00:04:01,200
Speaker 2: in the room next to you.

90
00:04:01,920 --> 00:04:03,520
Speaker 1: So if you got it all together, it'd be seven

91
00:04:03,600 --> 00:04:04,119
Speaker 1: hundred bucks.

92
00:04:04,120 --> 00:04:06,760
Speaker 3: But that one little I'm presuming it's just the bedroom

93
00:04:06,800 --> 00:04:07,119
Speaker 3: in the bow.

94
00:04:07,280 --> 00:04:07,440
Speaker 1: Yeah.

95
00:04:07,640 --> 00:04:10,720
Speaker 2: Yeah, the room comes furnished room with a single bed,

96
00:04:10,720 --> 00:04:12,880
Speaker 2: a chest of drawers, some blinds, and a rug of

97
00:04:13,160 --> 00:04:15,240
Speaker 2: what looks pretty much like a tiled floor because it

98
00:04:15,320 --> 00:04:16,320
Speaker 2: is a balcony.

99
00:04:17,839 --> 00:04:20,360
Speaker 1: People, so picky bag of my day. He had a

100
00:04:20,400 --> 00:04:23,160
Speaker 1: box and you were happy with it and luxury.

101
00:04:23,520 --> 00:04:24,120
Speaker 3: You know, when I.

102
00:04:24,040 --> 00:04:26,360
Speaker 2: First started flatting with my friend, she reminded me of

103
00:04:26,400 --> 00:04:29,240
Speaker 2: this the other day. Our we were earning I think

104
00:04:29,240 --> 00:04:31,080
Speaker 2: three hundred dollars a week. We're working at Simon Town's

105
00:04:31,080 --> 00:04:36,239
Speaker 2: Into Wonderworld, and our rent might have been forty bucks

106
00:04:36,320 --> 00:04:39,599
Speaker 2: something like that, And so we had this disposable income

107
00:04:39,600 --> 00:04:41,320
Speaker 2: to muck around with her in her early twenties. We

108
00:04:41,320 --> 00:04:43,680
Speaker 2: didn't think about saving. We spent it on stuff. But

109
00:04:43,760 --> 00:04:45,440
Speaker 2: you could live like that, and if you wanted to,

110
00:04:45,520 --> 00:04:48,200
Speaker 2: you could save money. The cost of living means you

111
00:04:48,240 --> 00:04:52,279
Speaker 2: can't pay those exorbitant rents or mortgages, plus have a

112
00:04:52,360 --> 00:04:54,159
Speaker 2: life and plus save.

113
00:04:54,839 --> 00:04:57,480
Speaker 3: So this is our message to the government, stop digging

114
00:04:57,480 --> 00:04:58,359
Speaker 3: around with immigration.

115
00:04:58,400 --> 00:04:59,520
Speaker 1: If you're going to bring people in.

116
00:04:59,560 --> 00:05:02,359
Speaker 3: We under stand populated parish, as we said before, but

117
00:05:02,440 --> 00:05:04,400
Speaker 3: at the same time, you've got to talk to your

118
00:05:04,400 --> 00:05:08,039
Speaker 3: other departments. So the people that rubber stamp buildings housing

119
00:05:08,200 --> 00:05:11,200
Speaker 3: things like that are less of the nimbi stuff not

120
00:05:11,320 --> 00:05:13,599
Speaker 3: in my backyard. Perhaps people will be a bit more

121
00:05:13,760 --> 00:05:15,320
Speaker 3: less gum trees in the city.

122
00:05:15,640 --> 00:05:18,120
Speaker 1: Maybe just put some stuff up, build some places.

123
00:05:18,960 --> 00:05:19,080
Speaker 3: Well.

124
00:05:19,120 --> 00:05:21,120
Speaker 2: I don't know what the solution is, but this should

125
00:05:21,120 --> 00:05:23,760
Speaker 2: be all hands on, Dick, because this is a crisis.

126
00:05:24,279 --> 00:05:25,960
Speaker 1: In the meantime, I've got a balcony for Randy.

127
00:05:26,000 --> 00:05:26,440
Speaker 2: You do you?

128
00:05:26,800 --> 00:05:29,760
Speaker 1: Yes? Police pot planned lovely.

129
00:05:29,960 --> 00:05:34,120
Speaker 2: That's the toil Man Doubles is the toilet and your

130
00:05:34,200 --> 00:05:35,400
Speaker 2: drug making mechanisms.

131
00:05:35,720 --> 00:05:39,680
Speaker 1: Excuse me. That's the day combat tomorrow for

132
00:05:42,560 --> 00:05:46,080
Speaker 3: Yeah, yeah, yeah,