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I own three properties and I’m tired of Australians blaming landlords for the rental trends now

I own three properties and I’m tired of Australians blaming landlords for the rental trends now

A Gen-Z property investor who owns three properties has dismissed claims that landlords are responsible for Australia’s current rental crisis.

Harley Giddings, 24, has worked hard since adolescence and in every job ‘under the sun’ to own a home and is now the proud owner of multiple investment properties.

The young investor posted a TikTok to his thousands of followers in which he says he often “always” gets comments blaming investors for the housing shortage.

The savvy landlord said he can understand Australians’ frustrations but thinks this is “misplaced” as he firmly believes skyrocketing rents and housing shortages are due to high immigration and low building permits.

“In 2022 and 2023, the government allowed over a million migrants into the country,” he said.

Harley Giddings, 24, has a property portfolio consisting of three investment properties.  He understands people are 'hurtful' but believes Australians are 'misguided' in blaming landlords for the rental crisis

Harley Giddings, 24, has a property portfolio consisting of three investment properties. He understands people are ‘hurtful’ but believes Australians are ‘misguided’ in blaming landlords for the rental crisis

'Basic supply and demand' is the reason for Australia's housing crisis, according to the 24-year-old

‘Basic supply and demand’ is the reason for Australia’s housing crisis, according to the 24-year-old

‘According to the Australian Bureau of Statistics, this is the largest number of migrants Australia has ever allowed into the country since they started taking in.

“These one million migrants were allowed in at a time when Australia was already experiencing a housing crisis.”

Mr Giddings said when people arrive in Australia they are looking at renting and not buying. That’s why so many people attend rental inspections.

“Basic supply and demand,” he said.

The second reason the young property investor gave for Australia’s housing shortage was the low number of homes being built.

“We’re simply not building enough housing,” he said.

“In Victoria, my home state, we currently have the lowest number of building permits we have had in the last ten years.

“This issue applies to all of Australia.”

The 24-year-old cited research from the Institute of Public Affairs that Australia’s housing supply will fall by 252,800 homes by 2028.

Many Australians agreed with the young investor and also blamed the government.

“Absolute masterstroke by the government,” someone wrote.

“Not to mention all of Victoria’s new investment tax laws – landlords are scrapping them,” said one.

“If you can’t keep up with supply, reduce supply

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