Landlord who owns a staggering 283 rental properties slams call for freeze on rent hikes amid country’s housing shortage – but critics say property hoarders like him are the cause of the problem
- 2GB caller who owns almost 300 rentals complained about proposed rent freeze
- Greens party are pushing for a rent freeze to help those doing it tough
- The owner defended his stance, saying he pays $7,000 tax per property a year
- He called on the politicians to offer up a pay freeze on their own salaries
- Greens member Max Chandler-Mather said we need a response to housing crisis
- He said millions of Australians are in severe rental stress with some living in cars
A property owner with a whopping 283 rental properties in his portfolio says he can not afford to ease the burden for tenants despite his immense wealth, prompting social media users to erupt in anger and label him ‘greedy’.
The landlord David called 2GB’s Ben Fordham on Thursday to oppose a political push by the Greens for a two-year freeze on rent prices.
Queensland Greens member Max Chandler-Mather called on the federal government to introduce the emergency measure, saying families have been sleeping in cars as they are pushed out of properties by landlords seeking tenants with deeper pockets.
But David strongly disagrees.
‘I’ve worked hard for that,’ he said. ‘I bought my first property when I was 17 and my mother had to sign the paperwork because in those days you had to be 21.’
A property owner with a whopping 283 rentals under his belt said he can’t afford to ease the burden for tenants (pictured, homes in Perth)
A near speechless Fordham said he didn’t begrudge the man for investing in property but fears the system is broken.
The landlord argued he does not jack up the rent every chance he gets, adding that he gave his tenants a freeze on payments during the Covid pandemic.
‘The thing that people must remember, these people that are renting and that, when you work you have super,’ David said.
‘Super pay is about 9.5 per cent. But I don’t have super. My rental incomes back to me last year was 3.1 per cent, that’s what I earnt.
‘Now, if they want to do a freeze on that, are the local, state and federal governments going to do a freeze on their incomes?
‘Because the Queensland government charged me 2.25 per cent land tax, so I’m paying nearly $7000 a property per year in land tax.’
Ben Fordham (pictured) said he didn’t begrudge the man for investing in property but fears the system is broken
The landlord’s comments come as rental prices reach a 14-year high across the country’s and while new homebuyers face rising interest rates and cost of living pressures.
Fordham fears everyday Aussies are being priced out of the property market.
‘That’s a lot of homes for one person to own, he said in response to David’s comments.
‘That’s the system we’ve got in place, but you wonder whether that’s really in the interests of everyone in Australia struggling to get into a home.’
Furious social media commenters agreed with Fordham and slammed the landlord for being ‘greedy’.
‘There needs to be limits on residential property, all it does is drive up demand and prices, we can’t afford to live,’ one person on Facebook posted.
Another said: ‘Yeah, what with all the negative gearing tax breaks he must receive while we’re all paying out our backsides to subsidise his greed.’
‘That’s why people can’t afford to buy and have to pay $500 to $800 rent for a house that they could pay a $300-$400 mortgage on,’ a third wrote.
The landlord’s comments come as rental prices reach a 14-year high across the country’s and while new homebuyers face rising interest rates (stock image)
The exchange was sparked by Mr Chandler-Mather’s and the Greens proposal for a rental freeze to be brought in to alleviate housing pressures, calling the current situation facing tenants a ‘crisis’.
‘Housing in Australia is in crisis. Australia is seeing the biggest rent increases in 14 years, putting millions of Australians into severe rental stress,’ Mr Chandler-Mather said
‘We’ve got families sleeping in their cars, workers unable to afford a home near where they work, people being evicted from their homes because they can’t afford 20 per cent rent increases.
‘Australia is experiencing a rental and cost of living crisis.
‘Too many Australians are one rent increase away from eviction or homelessness, and a two year rent freeze will give people the security they need to start getting on with their lives.’