Rent freeze now. Getting a functional pay cut with inflation while dealing with this is beyond brutal. It's cruel.
Yeah I’m meant to have gotten a 5.5% payrise as of the 1st, which comes out to around an extra $150ish? Meanwhile my rents gone up $200.
Oh and my tax return? Nah I owe fucking $80.
Brisbane apartment we rented in 2020 for $349 a week just went back on market and is being leased out for $550 a week. Two bedroom, two bathroom, open living room, dining room kitchen. It’s a nice apartment, but man that’s a big jump.
BRISBANE prices are absolutely insane
My property manager was pushing for me to increase the rent on my property by $100 a week (about 22%) for the next renewal by my clients. Like really pushing for it. It's insane because the house is not worth anywhere close to that amount of money. I own it and I wouldn't have bought it if the repayments were anywhere close to that, though unfortunately they are now. I said no and said only a $20 increase, because then I will hopefully cover costs. The mortgage is about $60/week less than the rent now, but once you throw in insurance and fees I'm probably going to lose a bit of money.
Do they get paid on a % commission? More money for them if rent is high.
Yep, commission based on rent price. They said if the current tenants can't pay it they will have no trouble finding someone that will. Beginning to see why real estate/property managers are looked at in the same way that used car salesmen are.
"A rising tide lifts all boats".
They can then justify raising rents for anything else in the area.
Yep that was one of their main points - "other homes in your area are charging this much"
30%, now over $500/week for a place at the arse end outskirts of the city.
Greed is good apparently.
Mine jumped 20% for an August renewal (Brisbane). And units are scarce here too. Didn’t want to join the queue to look for another one so resigned at that price.
Brisbane is insanely priced just to live around bogans everywhere
Surprisingly Hobart hasn't increased as much. I'm still amazed that the median rent is higher than Melbourne. Especially taking into account the lower salaries here.
I just did some napkin maths for my previous place. The rent has increased 28-33% over a decade (I think 33%, but I'm not 100% sure i remember the correct rent from when i moved in). Inner west Sydney, location with good public transport access. Knowing that they have the same dodgy cunt property manager and real estate, I can just about guarantee almost no work has been done to justify a rent increase at all.
Knew someone where the agent said they're going to increase the rent by $75/week. Went to VCAT and got knocked back. Not sure whether the landlord has tried to challenged the outcome or not.
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