Cairo Sauvage and his housemates are about to move out of their shared home after months of uncertainty over a rent hike. As both a landlord and a renter, he says tenants hold little power in rental relationships.
Queensland is sold to the world as the sunshine state, rich with resources and the golden future home of the Olympics.Queensland rents have risen an average of 9 per cent for apartments and 13 per cent for houses in the year to JulyAlternative rental housing is in such short supply that renters are often reluctant to complain
Throw in the return of overseas migration, low vacancy rates and a building supply crisis, and the state's tenants union says it is facing a rental crisis where landlords hold all the power. Fearing the worst, the housemates began looking for new accommodation. At the last minute, the landlord asked for $40 extra a week, Mr Sauvage said.
"If the tenant is terrible, the landlord has powers based on our current legislation to kick them out. If a landlord is terrible, the tenant doesn't have much to fall back on."CoreLogic economist Kaytlin Ezzy said COVID reshaped the way Queenslanders chose to live and it was having lasting consequences.
"For the housing market, the outlook really depends on how hard and how fast the RBA increases interest rates. I do think that Brisbane will be slightly more resilient compared to Sydney and Melbourne markets.
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