4 ms·

That's broadly untrue and fairly easy to verify. 1. Breaking leases usually incurs those costs + the remainder of the contact with some edge cases (e.g VIC[1])

That's broadly untrue and fairly easy to verify. 1. Breaking leases usually incurs those costs + the remainder of the contact with some edge cases (e.g VIC[1]) 2. Again VIC, rents increased on average by 5-15%, depending on th demand of the area[1] . 25-35% has probably happened, but isn't common. [0] https://www.dffh.vic.gov.au/publications/rental-report https://www.dffh.vic.gov.au/publications/rental-report [1] https://www.dffh.vic.gov.au/publications/rental-report https://www.dffh.vic.gov.au/publications/rental-report

elliotto 3y ago
I think your post downplays the severity of the issue. Your link suggests in Victoria the median rent has increased by 14%, which is a phenomenal amount. I don't know what circles you are involved in but 25-35 % is consistent with for many of my cohort in Sydney. Although this is an anecdote, 35% from a right skewed distribution with median 14% is very possible. The system is breaking and harming the most vulnerable
- angled 3y ago
  ACT increases are indexed to inflation. Great as a renter and for housing generally, annoying as a landlord.
- TheHappyOddish 3y ago
  > I think your post downplays the severity of the issue. Your link suggests in Victoria the median rent has increased by 14%, which is a phenomenal amount. I'm unsure how showing the percentage increase would be a downplay? I was pretty clear they are increasing, and at almost double inflation. This is very bad. > I don't know what circles you are involved in but 25-35 % is consistent with for many of my cohort in Sydney. Absolutely, Sydney is an abhorant place to live and always has been. You spend a lot of money on transport, rent, food - everything. I'm not sure that those living in Sydney though - the most expensive capital city in the country - would cross the venn diagram with our most vulnerable.
hsbauauvhabzb 3y ago
Sorry which part is untrue? And while we’re at it, can you please disclose if you are part of or benefit from the real estate industry? https://www.rta.qld.gov.au/breaklease https://www.rta.qld.gov.au/breaklease https://www.sa.gov.au/topics/housing/renting-and-letting/renting-privately/ending-a-tenancy/Ending-a-fixed-term-lease-early https://www.sa.gov.au/topics/housing/renting-and-letting/ren... The point was breaking a lease did not incur the full cost. I also never said ‘on average’, https://www.sbs.com.au/news/article/how-much-has-rent-increased-around-australia/8ljlnf0zm https://www.sbs.com.au/news/article/how-much-has-rent-increa... suggests an average of 11% - this is an _average_ not a maximum percentage. Im sure if you look hard enough you’ll find a place that’s reduced rent and another which was increased 1000%.
- TheHappyOddish 3y ago
  > And while we’re at it, can you please disclose if you are part of or benefit from the real estate industry? No, not beyond the normal ways most people benefit (super, investments, etc). I don't work with or contract for the real estate industry. > The point was breaking a lease did not incur the full cost. That's interesting. I did look up Victoria and it was as I expected. I've rented all over the country (quite a while ago), so seeing that from SA and QLD was a surprise from me. I looked up the rest for fun: WA (landlords discretion): https://reiwa.com.au/the-wa-market/resources/articles/can-you-break-a-rental-lease/ https://reiwa.com.au/the-wa-market/resources/articles/can-yo... NSW (you pay X weeks based on percentage served as of 2020): https://www.fairtrading.nsw.gov.au/housing-and-property/renting/ending-a-tenancy#Breakingafixedtermagreementearly https://www.fairtrading.nsw.gov.au/housing-and-property/rent... NT (landlords discretion): https://nt.gov.au/property/renters/moving-out/breaking-a-lease-early https://nt.gov.au/property/renters/moving-out/breaking-a-lea... ACT (landlords discretion): https://www.acat.act.gov.au/case-types/rental-disputes/termination-of-a-lease https://www.acat.act.gov.au/case-types/rental-disputes/termi... TAS (unclear, landlord must make reasonable efforts to find new leasee, but there appear to be a lot of loopholes): https://www.cbos.tas.gov.au/topics/housing/renting/ending-a-tenancylease/tenant-ending-lease https://www.cbos.tas.gov.au/topics/housing/renting/ending-a-... I'm not sure I agree with "most Australian states" here - by number or by population count - but there's definitely a trend in that direction. > I also never said ‘on average’, I know, but it was a bit misleading. I'm sure in low occupancy times there were places that increased rent by over 100%, but cherry picking it wouldn't be reflective of reality. I was simply clarifying to the non informed reader that the rent increases we're seeing - whilst high - are not as bad as that.

elliotto 3y ago

I think your post downplays the severity of the issue. Your link suggests in Victoria the median rent has increased by 14%, which is a phenomenal amount. I don't know what circles you are involved in but 25-35 % is consistent with for many of my cohort in Sydney. Although this is an anecdote, 35% from a right skewed distribution with median 14% is very possible. The system is breaking and harming the most vulnerable

angled 3y ago
ACT increases are indexed to inflation. Great as a renter and for housing generally, annoying as a landlord.
TheHappyOddish 3y ago
> I think your post downplays the severity of the issue. Your link suggests in Victoria the median rent has increased by 14%, which is a phenomenal amount. I'm unsure how showing the percentage increase would be a downplay? I was pretty clear they are increasing, and at almost double inflation. This is very bad. > I don't know what circles you are involved in but 25-35 % is consistent with for many of my cohort in Sydney. Absolutely, Sydney is an abhorant place to live and always has been. You spend a lot of money on transport, rent, food - everything. I'm not sure that those living in Sydney though - the most expensive capital city in the country - would cross the venn diagram with our most vulnerable.

hsbauauvhabzb 3y ago

Sorry which part is untrue? And while we’re at it, can you please disclose if you are part of or benefit from the real estate industry? https://www.rta.qld.gov.au/breaklease https://www.rta.qld.gov.au/breaklease https://www.sa.gov.au/topics/housing/renting-and-letting/renting-privately/ending-a-tenancy/Ending-a-fixed-term-lease-early https://www.sa.gov.au/topics/housing/renting-and-letting/ren... The point was breaking a lease did not incur the full cost. I also never said ‘on average’, https://www.sbs.com.au/news/article/how-much-has-rent-increased-around-australia/8ljlnf0zm https://www.sbs.com.au/news/article/how-much-has-rent-increa... suggests an average of 11% - this is an _average_ not a maximum percentage. Im sure if you look hard enough you’ll find a place that’s reduced rent and another which was increased 1000%.

TheHappyOddish 3y ago
> And while we’re at it, can you please disclose if you are part of or benefit from the real estate industry? No, not beyond the normal ways most people benefit (super, investments, etc). I don't work with or contract for the real estate industry. > The point was breaking a lease did not incur the full cost. That's interesting. I did look up Victoria and it was as I expected. I've rented all over the country (quite a while ago), so seeing that from SA and QLD was a surprise from me. I looked up the rest for fun: WA (landlords discretion): https://reiwa.com.au/the-wa-market/resources/articles/can-you-break-a-rental-lease/ https://reiwa.com.au/the-wa-market/resources/articles/can-yo... NSW (you pay X weeks based on percentage served as of 2020): https://www.fairtrading.nsw.gov.au/housing-and-property/renting/ending-a-tenancy#Breakingafixedtermagreementearly https://www.fairtrading.nsw.gov.au/housing-and-property/rent... NT (landlords discretion): https://nt.gov.au/property/renters/moving-out/breaking-a-lease-early https://nt.gov.au/property/renters/moving-out/breaking-a-lea... ACT (landlords discretion): https://www.acat.act.gov.au/case-types/rental-disputes/termination-of-a-lease https://www.acat.act.gov.au/case-types/rental-disputes/termi... TAS (unclear, landlord must make reasonable efforts to find new leasee, but there appear to be a lot of loopholes): https://www.cbos.tas.gov.au/topics/housing/renting/ending-a-tenancylease/tenant-ending-lease https://www.cbos.tas.gov.au/topics/housing/renting/ending-a-... I'm not sure I agree with "most Australian states" here - by number or by population count - but there's definitely a trend in that direction. > I also never said ‘on average’, I know, but it was a bit misleading. I'm sure in low occupancy times there were places that increased rent by over 100%, but cherry picking it wouldn't be reflective of reality. I was simply clarifying to the non informed reader that the rent increases we're seeing - whilst high - are not as bad as that.