West Australian woman posts TikTok on the nation’s ‘ridiculous’ housing crisis after she went up against 30 families at an inspection

Yet another young Australian has shared the struggle to buy a house, complaining that the country’s housing crisis is ‘becoming ridiculous’.

Tijana Tovic, from Western Australia, was up against 30 families in an inspection for a ‘tiny’ house that ‘didn’t even fit half her clothes’.

“I can guarantee it will cost at least $100,000 compared to what it marketed,” she said in a TikTok rant on Monday.

“I also just checked realestate.com and the deals close tomorrow at noon. It is intended to last two weeks.

“So people are already making offers after they’ve been there for 15 minutes.”

Ms Tovic said that as she left the inspection she saw at least five groups asking the real estate agent how to place an offer on the property.

The young Aussie said she had initially thought the process of buying a house would be “fun and exciting” but it was actually the opposite.

Dozens of Aussies in the same boat were quick to offer their advice to Ms Tovic.

‘It’s better to make the highest possible offer. In five years, you won’t care that you thought you paid too much. Perth & Adelaide will soon be the same as Melbs & Syd,” said one.

‘I wouldn’t buy now. People keep saying this won’t be the case, but the economy will collapse and enter a recession at the end of 2024,” wrote a second.

A third said: ‘You’re in WA and complaining? Just wait until you see the prices in Sydney.’

Others talked about how they were able to buy their own home.

“I bought a house near Mindarie for $420,000, 600 sq ft,” said one.

‘We therefore used a purchasing agent. We had to submit an (unconditional) offer before the public even got to see the place (Sydney’s eastern suburbs),” wrote a second.

“I just got my seat with the first offer I made at $20,000 over asking price but still within the Corelogic price guide,” a third commented.

‘I just bought a house in Perth, but boy, what a battle it was against all the investors in the east. I ended up having to ask for way too long,” said a fourth.

Her post comes after a young professional posed on social media that despite a good salary, they would never buy a house because their family had never owned property.

“I’m a 30-something professional living in Sydney,” they wrote on Reddit last week.

‘My biggest mistake is that my parents never had any possessions and were never rich, so they were never able to help me.

‘I don’t begrudge them because I had a happy and healthy childhood, but now I see all my friends and colleagues buying houses in middle-class suburbs, and I read a statistic that 60 percent of Australians get help buying property Good.

“It feels like birth is increasingly the biggest determinant of success in this country.”

Their tirade came in response to a message from a young electrician who was struggling to save for a house and was considering giving up.

‘I’m a 31-year-old, bubbly man, and I consider myself a pretty simple man. “I just want to have a family home, earn some money, work until I’m 60 and hopefully see through my retirement,” he said.

‘I have no vices, I don’t drink, I don’t smoke, I don’t gamble and I don’t have any expensive hobbies.

“Despite all this, the basics of life have become so expensive that I don’t think I’ll ever actually own a house.

“The clock is ticking and I will never be able to have children due to a lack of financial security from housing.”

The electrician said he felt robbed of the opportunity to buy a house and raise children.

“It feels like the only way to make it in my generation is if you have rich parents or make money that most of us will never see,” he continued.

“How have we as a society made it so that essential workers cannot afford the simple things in life, like housing?

‘We can’t all be lawyers or doctors. Society couldn’t function like that! And I’m sure we need sparkies.

“It certainly feels like a happy country, for some, but not for all of us.”

That comes at a time when data shows national real estate prices are expected to rise by as much as 5 percent in 2023, after already rising 2 percent since the start of the year.

“The post-pandemic immigration recovery is expected to put significant pressure on housing demand,” said KPMG economist Brendan Rynne.

“Robust population growth and limited housing supply are likely to put more pressure on the rental market.”

According to a report from REA Group, the strongest growth is expected to occur in Perth, with growth between 4 and 7 percent.

Prices in Melbourne are forecast to grow more slowly, up to 2 per cent, although they could see a small decline towards the end of the year.

Property prices in Sydney and Adelaide are expected to rise by 3 to 6 per cent, while Brisbane is on track for growth of between 1 and 4 per cent.

The author of the REA Group report, Cameron Kusher, said a limited supply of properties for sale was contributing to buyer competition and price growth.

“We saw price increases despite rising interest rates and reduced borrowing capacity and expect moderate price increases to continue in the coming months,” he said.

Kusher said the outlook for 2024 is less clear, with a large group of fixed-rate mortgages set to expire from current interest rates of around 2 percent and reset to around 6 percent.

“Rate changes are delayed and as such the potential impact of higher repayments on these borrowers will not be seen until 2024,” he said.

“We currently forecast modest price growth through 2024.”

Meanwhile, rental vacancy rates remain tight in Brisbane, Melbourne and Sydney, according to new data from SQM Research.

The national vacancy rate fell to 1.1 per cent, with Sydney falling to 1.3 per cent from 1.4 per cent in August.

Asking rents also rose as a result of intense competition for housing and rose by 1.3 percent in October.