1 00:00:05,360 --> 00:00:06,880 Speaker 1: I found this really interesting task. 2 00:00:07,000 --> 00:00:09,399 Speaker 2: They had a newspaper article that came out about the 3 00:00:09,440 --> 00:00:12,920 Speaker 2: rents in Sydney forty years ago. So forty years ago 4 00:00:12,960 --> 00:00:15,400 Speaker 2: you could afford to live in a beachside unit for 5 00:00:15,560 --> 00:00:17,880 Speaker 2: less than the price of a parking space in the 6 00:00:17,920 --> 00:00:21,120 Speaker 2: same suber in twenty twenty three. And when you look 7 00:00:21,160 --> 00:00:24,040 Speaker 2: back at some of these prices, it's amazing. You know 8 00:00:24,079 --> 00:00:26,720 Speaker 2: what costs about one thousand dollars a week now, back 9 00:00:26,760 --> 00:00:29,960 Speaker 2: in nineteen seventy nine, would cost you something like are 10 00:00:30,000 --> 00:00:30,520 Speaker 2: you ready for this? 11 00:00:30,840 --> 00:00:34,960 Speaker 1: Oh yeah, go on forty three bucks. Actually, I can 12 00:00:35,000 --> 00:00:38,159 Speaker 1: feel it in my stomach. It's visceral, it is I 13 00:00:38,159 --> 00:00:38,640 Speaker 1: can see. 14 00:00:38,800 --> 00:00:41,760 Speaker 2: Are you usually play that when you speak to your 15 00:00:41,880 --> 00:00:44,800 Speaker 2: estate agent, they go, when you paid the rate the rent, 16 00:00:44,800 --> 00:00:48,839 Speaker 2: you can go. It's a visceral experience, man. So let 17 00:00:48,840 --> 00:00:52,760 Speaker 2: me throw some of these statistics to you. A two bedroom, 18 00:00:52,800 --> 00:00:57,120 Speaker 2: one bathroom property recently in Bondi Beach advertised at ae 19 00:00:57,120 --> 00:00:59,520 Speaker 2: thoy ninety five a week. If you go back to 20 00:00:59,560 --> 00:01:02,800 Speaker 2: the similar property in the late seventies Bondai Road, you 21 00:01:02,840 --> 00:01:04,880 Speaker 2: could have furnished and a walk to the beach with 22 00:01:04,959 --> 00:01:07,959 Speaker 2: ocean views for seventy dollars Oh my. 23 00:01:07,880 --> 00:01:10,080 Speaker 1: God, I know, not far away. 24 00:01:10,360 --> 00:01:15,680 Speaker 2: A modern furnished bachelor flat forty three dollars furnished furnished, 25 00:01:16,560 --> 00:01:19,880 Speaker 2: A bright two bedrooms unit sixty five bucks. 26 00:01:20,040 --> 00:01:23,920 Speaker 3: No, yeah, this is it's very depressing to sit there 27 00:01:23,959 --> 00:01:24,760 Speaker 3: and think about it. 28 00:01:24,760 --> 00:01:25,000 Speaker 1: It is. 29 00:01:25,400 --> 00:01:28,399 Speaker 2: I mean when you consider it, like how expensive and ridiculous, 30 00:01:28,400 --> 00:01:31,000 Speaker 2: and not only that, but the rental crisis in Sydney 31 00:01:31,080 --> 00:01:33,080 Speaker 2: is overwhelming. And this is something that really eats into 32 00:01:33,120 --> 00:01:36,839 Speaker 2: Microw because when you go and you have flat inspections, 33 00:01:36,840 --> 00:01:39,480 Speaker 2: there's always seven hundred people there and the person that's 34 00:01:39,520 --> 00:01:40,240 Speaker 2: bidding gets it. 35 00:01:40,360 --> 00:01:41,800 Speaker 1: You know, you don't even know about that. I know 36 00:01:41,840 --> 00:01:43,440 Speaker 1: they're trying to cut that out. Don't know. If they 37 00:01:43,880 --> 00:01:46,399 Speaker 1: ten someone's young set up a tent, it will cost 38 00:01:46,400 --> 00:01:47,319 Speaker 1: you one thousand bucks. 39 00:01:47,840 --> 00:01:51,240 Speaker 2: Nineteen seventy nine, an abundance of flats and a luxury 40 00:01:51,360 --> 00:01:54,760 Speaker 2: executive one bedroom near new unit with an elevator and 41 00:01:54,840 --> 00:01:56,680 Speaker 2: security one hundred bucks. 42 00:01:56,840 --> 00:01:59,320 Speaker 1: No, I know, I remember because I was thinking about this. 43 00:01:59,440 --> 00:02:01,920 Speaker 2: I remember when I lived in Neutral Bay when I 44 00:02:01,960 --> 00:02:04,640 Speaker 2: worked at two SM and I was about twenty four 45 00:02:04,760 --> 00:02:07,800 Speaker 2: I think, yeah, back in nineteen eighty five and I 46 00:02:07,800 --> 00:02:11,520 Speaker 2: had a ground flat unit and Neutral Bay that I 47 00:02:11,600 --> 00:02:14,239 Speaker 2: rented which had led out to a garden and then 48 00:02:14,560 --> 00:02:17,360 Speaker 2: led to the harbor, so I could look at Neutral 49 00:02:17,360 --> 00:02:20,840 Speaker 2: Bay Harbor where the submarines were. Nineteen eighty five, one 50 00:02:20,919 --> 00:02:22,000 Speaker 2: hundred and fifty bucks a week. 51 00:02:22,120 --> 00:02:25,280 Speaker 1: It's criminal, I know, right, it's not fair. It's criminal. 52 00:02:25,360 --> 00:02:27,520 Speaker 1: Like what are we supposed to do either? All the 53 00:02:27,560 --> 00:02:28,880 Speaker 1: money just goes on to rent. 54 00:02:28,960 --> 00:02:30,799 Speaker 2: Yeah, yeah, absolutely right, And I can't afford to buy 55 00:02:30,800 --> 00:02:32,520 Speaker 2: a house, and now at my age, I know I'm 56 00:02:32,560 --> 00:02:35,239 Speaker 2: never going to be able to. But to look back 57 00:02:35,280 --> 00:02:37,400 Speaker 2: at the prices that we paid, like you say, it is, 58 00:02:37,440 --> 00:02:37,960 Speaker 2: it's criminal. 59 00:02:38,080 --> 00:02:40,400 Speaker 1: It's visceral man up, yeah, it is. Vicral makes you 60 00:02:40,400 --> 00:02:42,000 Speaker 1: want to vomit, I know exactly for. 61 00:02:42,040 --> 00:02:44,079 Speaker 2: Vomb it's so fierce it makes me want to vomb. 62 00:02:44,160 --> 00:02:45,320 Speaker 2: But I thought we'd open up the phone. If you 63 00:02:45,320 --> 00:02:47,400 Speaker 2: can bring some of your memories of the rent that 64 00:02:47,480 --> 00:02:51,079 Speaker 2: you paid back then and surprise us and surprise yourself 65 00:02:51,280 --> 00:02:53,040 Speaker 2: with the rent if you can remember that you were 66 00:02:53,040 --> 00:02:56,160 Speaker 2: paying in say the seventies and eighties, give me a 67 00:02:56,160 --> 00:02:58,680 Speaker 2: call now one three WSFM and we'll do some births 68 00:02:58,680 --> 00:03:02,400 Speaker 2: and visceral Bombington. Yeah, yeah, one three WSFF. 69 00:03:04,680 --> 00:03:07,680 Speaker 1: I have Leslie from Chipping Norton Morning, Leslie. 70 00:03:07,800 --> 00:03:10,320 Speaker 2: So when you heard the story about the rentals going 71 00:03:10,320 --> 00:03:13,840 Speaker 2: back to the seventies and now what we're paying, it's incredible, 72 00:03:13,919 --> 00:03:14,960 Speaker 2: isn't it. 73 00:03:14,960 --> 00:03:19,000 Speaker 3: It is very incredible. I was just saying, I bought 74 00:03:19,040 --> 00:03:22,840 Speaker 3: my house in nineteen seventy well, actually rebuilt it nineteen 75 00:03:23,240 --> 00:03:26,680 Speaker 3: eight thirty nine thousand, Wow, And. 76 00:03:26,639 --> 00:03:30,880 Speaker 1: How big is that? Whereabouts is that? And how much chipping? 77 00:03:31,240 --> 00:03:34,080 Speaker 3: Yeah, three bedrooms blah blah blah blah blah. 78 00:03:34,200 --> 00:03:35,920 Speaker 1: Yeah, yeah, lound. 79 00:03:35,760 --> 00:03:38,120 Speaker 2: Room, all that stuff, So that'd be worth one point 80 00:03:38,160 --> 00:03:42,240 Speaker 2: five ish Yeah now wow, Yeah, I mean do you 81 00:03:42,320 --> 00:03:44,240 Speaker 2: still have it though, yeah. 82 00:03:44,120 --> 00:03:45,680 Speaker 1: Ull less you get some money in the bank, more 83 00:03:45,680 --> 00:03:48,600 Speaker 1: than I did. I don't have any money in the now, 84 00:03:48,640 --> 00:03:49,840 Speaker 1: but it's there if you need it. 85 00:03:49,920 --> 00:03:51,960 Speaker 2: When I remember, I was, you know, because I'm at 86 00:03:51,960 --> 00:03:53,280 Speaker 2: that age now it's too late for me and I 87 00:03:53,280 --> 00:03:55,000 Speaker 2: don't have any money to buy a house. But I 88 00:03:55,040 --> 00:03:57,320 Speaker 2: remember back in the nineties when I was actually earning 89 00:03:57,360 --> 00:03:59,560 Speaker 2: some decent coin and I had at least probably two 90 00:03:59,600 --> 00:04:01,480 Speaker 2: hundred thousand dollars in the bank, which was good for 91 00:04:01,520 --> 00:04:05,720 Speaker 2: those days, and I nearly bought a house in Alie Street, Newtown, 92 00:04:05,760 --> 00:04:08,960 Speaker 2: which at the time was a two bedroom house. Yeah, 93 00:04:09,040 --> 00:04:10,960 Speaker 2: and no kidding. It was like three hundred and twenty 94 00:04:10,960 --> 00:04:13,600 Speaker 2: thousand dollars, so I had more than enough to pay 95 00:04:13,640 --> 00:04:13,960 Speaker 2: for it. 96 00:04:14,080 --> 00:04:16,000 Speaker 1: I didn't. I just went, why do one want to 97 00:04:16,000 --> 00:04:16,520 Speaker 1: buy a house? 98 00:04:16,720 --> 00:04:18,279 Speaker 2: You know, I was in my thirties at the time, 99 00:04:18,320 --> 00:04:20,640 Speaker 2: so I should have been responsible. I didn't buy it. 100 00:04:20,640 --> 00:04:22,279 Speaker 2: It's over two million now. 101 00:04:23,480 --> 00:04:26,760 Speaker 3: But even probably more rented out. You could have been 102 00:04:26,839 --> 00:04:30,520 Speaker 3: truggling the world, renting it out and doing it on 103 00:04:30,680 --> 00:04:32,000 Speaker 3: and they would have paid it off for you. 104 00:04:32,279 --> 00:04:34,680 Speaker 2: I'm still traveling the world, but I'm sleeping in youth 105 00:04:34,720 --> 00:04:35,440 Speaker 2: hostels now. 106 00:04:35,920 --> 00:04:38,320 Speaker 3: Oh yeah, same bedroom. 107 00:04:40,320 --> 00:04:43,200 Speaker 2: Yeah, you're going to charge me six hundred bucks a 108 00:04:43,200 --> 00:04:44,840 Speaker 2: week to live there, Leslie, and you're going to make 109 00:04:44,839 --> 00:04:45,640 Speaker 2: me do the washing up. 110 00:04:45,680 --> 00:04:48,560 Speaker 3: Come on, No, I wouldn't do that. 111 00:04:49,200 --> 00:04:51,400 Speaker 1: It says that now, and then I'm trapped in the basement.