A Sydney couple is faced with a 43% rent increase, forcing them to either move or pay an extra $1000 a month to stay in their apartment.
The cold, template letter from our property managers declaring that the rent was rising by $250 a week made me burst into tears.
A place we had made our home and where we had always paid our rent on time, kept the place in excellent condition and rarely raised issues – but none of that mattered.But the bombshell rent rise the following year was going to see our rent skyrocket from $570 a week to $820 – a whopping 43 per cent increase.
Nothing makes you feel more guilty than the sense that you are failing to provide your child with stability. I thought that our little bit of revenge on the landlord would be the fact we were on a rolling contract and we gave them just three weeks’ notice that we were leaving the property. It forced the landlord to lower the rent back to $820 and then it appeared they got so desperate to fill the place that they even advertised a week’s free rent to get it leased quickly.For us, our move was to a new suburb much further out from our workplaces and our young child had to endure an hour commute each way to get to daycare for almost six months until we could get him into a service closer to our new home.
Across the combined capital cities in Australia rent has increased by 17 per cent over the past 12 months.
Rent Increase Sydney Apartment Rental Crisis Property Managers
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