Rent-to-buy houses are going up while prices of houses are seeing a decline in Australia, since for all men and women; the prime of their life is spent on this life threatening fact. Monopolistic power over land forces its decisive authority over the rental market. The truth remains that the finishing stages of a boom-bust market are that rents jump every year by twenty per cent.  As a result, markets are strangled, forcing the retail stores to exit first, dying under exorbitant rents, and redundancy begins to gush, leading to the falter of housing repayments with foreclosures jumping.

Opportunities are widely spread throughout Australia, while the major investments can be made by purchasing resource prosperous areas of Western Australia where in one town it is virtually four thousand dollars per month cheaper to buy a house than to rent it.  The monopolistic power of land owners is being exerted which leads to the purchase of four thousand dollar worth house than to rent.  This occurs mainly in mining industry where there is large unemployment which witness remarkable decline in the prices of the property.  This is yet to run through to rents which will certainly happen in the near future.  It will just take two to three years before most of the properties will get sold for huge losses.  The difference between the selling price and cost price of the property is the exploratory money such monopolists can extract from the market. Folks working in mines start to buy houses at Sydney, a bowl of dust.  But, once they lose their jobs, they cannot afford to buy these high priced properties.  Hence, the market tumbles.

The headline in a Daily states “It’s buyer’s market, new bank data shows”, but yet the To think that the headline states “It’s a buyer’s market, new bank data shows” but yet the periphery where now the rent is costlier than buying a house, is in the most horrible locations – Yallourn-with your friendly neighbouring power plant, Dimboola-dust storm centrale or Melton West-an hour’s travel, South Kingsville may be worth. Yallourn - with your friendly neighbouring power plant, Dimboola - dust storm centrale or Melton West - an hour’s commute, give or take a cancellation/ traffic jam. South Kingsville may be worth to talk about, but a saving of $7.42 per month is hardly news.

Property market is now propped up by the lower interest rates because more buyers can penetrate the market, hence delaying the break down we are expecting to have. Throw in initial house (sellers) grants, substantial infrastructure projects, extraordinary cash handout and all we are doing is delaying the unavoidable. Channel nine in Australia reports of areas where it is “cheaper” to buy than rent. If you are not living in Australia and you do not have access to Australian newspapers, get on the internet, find out what is happening in the different towns and cities across Australia.  It was either houses, mining areas or apartments in outer areas of Brisbane or Sunshine Coast apartments after a thorough investigation undertaken of QLD. It is true that the newly built apartments fetch a premium rent but the same would not last beyond three years.  Moreover, units and town houses will feel the downward pressure in increase of the pricing sooner than house.  Townhouses have been selling at almost house prices!  Every suburb has ample parks and playgrounds, with almost a shopping village, kindergarten and primary school. Big shopping centres are also near to these populated areas.  Rents to buy houses are bound to tumble down vividly in mining areas.