Mountain Tech Analysis

Rising Feudalism in Australia

1. the dominant social system in medieval Europe, in which the nobility held lands from the Crown in exchange for military service, and vassals were in turn tenants of the nobles, while the peasants (villeins or serfs) were obliged to live on their lord’s land and give him homage, labour, and a share of the produce, notionally in exchange for military protection.
   -Oxford Dictionary

-More people are becoming homeless in Australia due to the lack of housing and rising rents

• Reasons behind it are a shortage of housing , rising rents due to the increase of investment properties , massive surge in immigration, government induced policies such as negative gearing and increase in students and skilled migrants.Airbnb short stay accomodation increases and less offers for long term accomodation. Rising interest rates forcing housing rents to increase and costs for property investors
• The rent market is much tighter and renters are being filtered based on their income, status, jobs and previous rental records.
• Because of inflation basic items are more expensive whilst buying a property has never been harder to attain as of now. So many folks are being forced to rent and save for years , just to be priced out of the market and instead of saving , actually fall behind on their future property purchase. 
• Many are trapped in student loans, car loans and rental accomodation, that they can’t fully get off the ground for many years . Now if you have a health condition things can get even tougher , one has to work whilst paying huge medical bills.
• This is why we now see a record of inequality in the society , where somebody thats wealthier and has generational wealth , can easily save up for a property or even an investment property and become a landlord to somebody else without generational wealth or savings.
• The most vulnerable members of the society are barely coping and everyday is a struggle for them. These are inviduals with health problems who can’t work full time or have to care for somebody , single mothers / fathers who have no family support or generational wealth behind them to support them through life, young students and new families that just starting to work ,save and payoff old loans . Small business owners have to deal with everyday supply side price increases, labour shortages and rising rents.Not to mention lack of customers if they don’t have many. 

Who’s the winner in this?

• Wealthy landlords who have secured their investment properties and have repaid their loans, they can easily breeze through life without worry if they will find tenants or not , as the rental market has strong demand and a short supply of properties available for rent ,especially in the inner suburbs closer to the cities.