Renters who secured affordable properties in Melbourne during the height of the pandemic are being forced out of the inner-city, with some reporting rent increases of more than 30 per cent.
abc.net.au/news/melbourne-renters-forced-out-as-city-prices-rise/101369752Melbourne renters who signed on to reduced city rents at the height of the pandemic are now being forced out of the CBD and inner suburbs, with some reporting rental increases of more than 30 per cent.Many low-price leases are now expiring, leaving tenants confronted with substantial rent increases
Lee Davis-Thalbourne and his partner Erin Kyan managed to secure a two-bedroom apartment in Docklands last year for $450 a week. As their 12-month lease came to an end, they were told their rent would be increasing by $140 a week to $590, which is an increase of 31 per cent.Knowing that they had got a good deal when they moved in, they had been expecting an increase. But they had not expected it to be so high.
"Even people who had just a JobSeeker income could afford to rent a property on their own in the city," Rachel Evans, who co-ordinates the private rental assistance program with Launch Housing, said.She has been unable to work while undergoing cancer treatment and moved into a one-bedroom apartment in the city last year for $290 a week.But she found out her landlord would be putting her rent up to $400 per week, a 38-per-cent increase.
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