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Us aussies are such weirdos about property. We’re one of the few countries in the world that auction property as a standard form of sale. Property is so deeply engrained in our cultural values and identity that I can’t see anything changing for at least a generation or two, even if those generations can’t afford it. The aussie dream of home ownership won’t die quietly.
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Absolutely, but again Australia are weirdos in this regard. Our rental leases are 12 months as standard. In Europe it’s common to have longer leases, like 10-15 years. Plus we have hardly any public housing (a quick google tells me 2.5% of all dwellings in Victoria) versus anywhere from 3-34% for Europe (depending on which country you’re looking at). Conditions for renters would be so much better with these issues addressed.
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Other countries have far better renter rights as well, although there has been a bit of movement on that in some states.
