Rental advertisement for Sydney unit above childcare taken down after concerns raised about tenant access
6 months, 1 week ago

Rental advertisement for Sydney unit above childcare taken down after concerns raised about tenant access

ABC  

An ad for a three-bedroom unit a short drive from the iconic white sands of Bronte Beach has been pulled after it sparked outrage for its extensive list of conditions for prospective tenants. Labelled "unusual" by the NSW Tenants Union, other rules for the three-bedroom in Queens Park property include a ban on pets, smoking and tenants having guests during the kindergarten's operating hours, which appear on their website as between 7:45am and 5:45pm. Leo Patterson Ross from the Tenants' Union of NSW said the advertised $950 rent is an eye-watering amount "for such a poor deal". Concern about possible 'safety issues' The listing outlines a "upgraded spacious three-bedroom unfurnished unit with modern kitchen". Mr Patterson Ross said it speaks to some of the compromises renters must make to secure a home when the market is tight and the "disregard some people have for renters' wellbeing".

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History of this topic

Australia's median rent surges to record heights with regions and outer suburbs feeling the heat
10 months, 3 weeks ago

Australia's median rent surges to record heights with regions and outer suburbs feeling the heat

ABC  

In short: Rents have reached a record high, with the median weekly rent in Australia now at $627. Perth Median rent $669 Year-on-year increase 13.6 per cent The rental market in Perth saw the highest annual rent increase of all capital cities in the last year, as well as the highest uplifting of rent values since the onset of the …

Meet the couple who've tried for six months to find somewhere to rent despite having good jobs - here are some tips to beat other prospective tenants
11 months, 2 weeks ago

Meet the couple who've tried for six months to find somewhere to rent despite having good jobs - here are some tips to beat other prospective tenants

Daily Mail  

A young couple with university degrees and steady jobs have revealed how they spent six months looking for somewhere to rent without success, in the latest snapshot of the rental crisis smashing Australia. Talitha Vermeulen, 25, and her 32-year-old boyfriend Trent Sacilotto have spent the past six months trying to find somewhere to rent in Sydney's Sutherland Shire. Talitha Vermeulen, …

Depressing statistic that will have young Sydneysiders wanting to move to Melbourne
1 year, 2 months ago

Depressing statistic that will have young Sydneysiders wanting to move to Melbourne

Daily Mail  

Rents continued to grow in every capital city in the last months of 2023, but economists say there could be some relief on the horizon. The latest PropTrack Market Insight report found the median national rent has continued on its meteoric rise, increasing 1.8 per cent over the December quarter to $580 per week. This is an 11.5 per cent …

Kristina Gram: Shameful response from a property manager after a single mum-of-four tried to negotiate a Sydney rent increase - and it's perfectly legal
1 year, 4 months ago

Kristina Gram: Shameful response from a property manager after a single mum-of-four tried to negotiate a Sydney rent increase - and it's perfectly legal

Daily Mail  

A single mother has been slapped with a massive rental increase after trying to negotiate when her landlord upped the price of her home. Sydney mother of four Kristina Gram has been hit with a massive rent increase from $800 per week to $1200 'It just seems really unfair, and it seems ludicrous they can go one step further and …

Dilapidated Sydney house in Greenacre offers free rent in exchange for full renovation
1 year, 11 months ago

Dilapidated Sydney house in Greenacre offers free rent in exchange for full renovation

ABC  

An uninhabitable Sydney home being offered rent free for a year has been criticised by the NSW premier but the agent listing the property says demand has been through the roof. Key points: The rental listing was taken down by the agent who said he was overwhelmed with demand The CEO of the Tenants Union says the agent could potentially …

National rents soared by 10.2 per cent last year. Here’s how much rent costs in Australia’s most expensive and affordable suburbs
2 years, 2 months ago

National rents soared by 10.2 per cent last year. Here’s how much rent costs in Australia’s most expensive and affordable suburbs

ABC  

Tenants endured the biggest-ever rent increases last year, with national rents jumping by 10.2 per cent. Eliza Owen, CoreLogic head of research, said December marked the second consecutive quarter that the pace of growth slowed, and it coincided with a small lift in the rental vacancy rate to 1.17 per cent in December — up from a recent low of …

Rents 'explode' across the country, as house prices fall in many Melbourne, Sydney suburbs
2 years, 11 months ago

Rents 'explode' across the country, as house prices fall in many Melbourne, Sydney suburbs

ABC  

Rents have soared because of a record low number of available rental properties in a "crisis" that analysts predict is set to worsen. Key points: Combined house and unit rents have gone up 11.8 per cent across capital cities in 12 months The national rental vacancy rate is 1 per cent Melbourne and Sydney have the highest percentage of suburbs …

NSW North Coast rent prices 'off the charts' as they surpass capital cities
3 years, 8 months ago

NSW North Coast rent prices 'off the charts' as they surpass capital cities

ABC  

Rental prices on the Far North Coast of New South Wales have climbed almost 20 per cent in the past 12 months, surpassing those in all of Australia's capital cities. Key points: Houses in the Richmond/Tweed now have a median rent of $699pw An advocacy group says it has "never seen it this bad" and is calling for government intervention …

Australian renters facing biggest rent hikes in 12 years, amid surging house prices
3 years, 8 months ago

Australian renters facing biggest rent hikes in 12 years, amid surging house prices

ABC  

Australian tenants are experiencing their biggest annual rent increases since January 2009, during the global financial crisis. Key points: Canberra is the most expensive city for rentals Rent in regional areas surged over 11 per cent, its sharpest annual rise ever Darwin rents shot up almost 22 per cent in the past year The median rent of houses and units …

Three biggest mistakes young people are making when it comes to investment including buying a unit
3 years, 11 months ago

Three biggest mistakes young people are making when it comes to investment including buying a unit

Daily Mail  

Young Australians are making three fundamental investment mistakes in the share market and through buying property. Trying to get rich quick In a dramatic year, shares in buy now, pay later app Afterpay have dramatically soared from just $8.80 to a short-lived peak of $158 in February 2021 - with the stock price multiplying by 18 times in a less …

Sydney housing stress highest on record, as rental pressure hits
6 years, 7 months ago

Sydney housing stress highest on record, as rental pressure hits

ABC  

Whether you have a mortgage, are renting, or are trying to get into the property market, Sydneysiders are Australia's most stressed about housing, a new report shows. The latest instalment of the Melbourne Institute's study of Household Income and Labour Dynamics, shows that the high cost of accommodation in Australia's biggest city has pushed "housing stress" to an all-time high. …

Supply increase makes no impact on Sydney's rental market as tenants struggle to pay
6 years, 10 months ago

Supply increase makes no impact on Sydney's rental market as tenants struggle to pay

ABC  

A 28 per cent increase in supply across Sydney's rental market has failed to push down prices, with less than 1 per cent of properties in Sydney's market considered "affordable", a survey of rental properties has revealed. This year Sydney ranked the worst of all major cities with only 57 out of the more than 18,000 private rental properties canvassed …

Sydney rental prices climbing due to new apartments flooding market, tenants' union says
8 years, 1 month ago

Sydney rental prices climbing due to new apartments flooding market, tenants' union says

ABC  

New apartments flooding the market in Sydney are actually driving up rent in some areas, according to the latest report from the New South Wales Tenants' Union. Key points: Price for new leases rose about four per cent in the year to September 5,200 units have been built in the Sydney, Parramatta and Rockdale areas in the past year NSW …

Rents fall for the first time in two decades
8 years, 11 months ago

Rents fall for the first time in two decades

ABC  

Capital city rental prices have fallen 0.2 per cent over the past 12 months, in a worrying sign for a property market bloated with investors. Key points: Rents have dropped 15.6 per cent in Darwin and 12.8 per cent in Perth from peak levels Melbourne, Sydney, Canberra and Hobart recorded modest annual rental growth Real estate advertiser Domain says it …

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