Sucks to be a Perth landlord right now

Advertisement

By Leith van Onselen

A funny ad appeared on Gumtree over the weekend, with a desperate couple from Perth’s southern suburbs pleading with people to move into their “financial blackhole” two-bedroom, one bathroom investment home in Medina. From Domain:

ScreenHunter_15343 Oct. 10 07.04

“Despite having bought this property at a peak time in the market and paying a small fortune for a cardboard house, this financial black hole truly is an awesome place,” she wrote in the ad…

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.